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TigerRisk Partners
,
London, Greater London
Compliance Officer
Overview
Job Description
Summary: The compliance vacancy is in relation to two regulated firms, TigerRisk Partners (UK) Limited (an FCA regulated insurance broker) and TigerRisk Capital Markets & Advisory (UK) Limited (FCA regulated capital markets firm). The role of the Compliance Officer is to ensure that the firms conduct their business in full compliance with all FCA/PRA requirements that pertain to the insurance broker and capital markets business. In conjunction with the Board, the Compliance Officer will seek to set the regulatory culture of the firm. Additionally, they will be responsible for carrying out and documenting the firms risk assessments, designing and monitoring internal anti-money laundering (AML) policies and procedures, including but not limited to; record keeping, customer due diligence measures, management control systems, training and suspicious activity reporting. This position will be reporting into our Chief Operations Officer. Primary Responsibilities: * Maintain a detailed knowledge of any regulatory changes and developments that may impact on the TigerRisk businesses either directly or indirectly. * Provide advice and guidance to business managers to enable them to understand their regulatory responsibilities and the regulatory implications of new business initiatives and business changes. This will include participation in business projects. * Work with the Human Resource team to ensure recruitment requirements in respect of regulatory references, pre-employment screening, training & competency, fitness and propriety regimes and ongoing CPD are recorded and adhered to. * Ensure all employees are educated on the latest regulations and processes * Address employee concerns or questions on any compliance issues * Have experience using, GABRIEL/Connect reporting/ICAAP * Provide support to the board in developing, writing, updating policies and procedures ensuring that they reflect the latest regulatory guidelines and set the governance framework for the firms. * Work closely with appointed legal and / or compliance/business consultants * Tailor compliance manuals, compliance monitoring programmes to the firm(s) business * Develop and maintaining systems and procedures in respect of day-to-day compliance. Including, but not limited to: o Financial crime reporting o Financial promotions o FCA notifications/filings o Conflicts of interest o Market abuse o Risk assessments/registers o Anti-Bribery & Corruption (ABC), inducements, gifts o GDPR o Treating customers fairly * Preparation of an annual compliance report * Set plans to manage a crisis or compliance violation * Develop and deliver management information to the board Money Laundering Reporting: * Keeping abreast of changes in legislation affecting the firms * Developing, documenting and reviewing the firm's AML risk assessment * Develop and document AML policies and procedures * Prepare and deliver the annual AML report to the Board * Arrange AML training for all staff and directors * Develop, implement and monitor the on-boarding arrangements of clients * Receive notifications, investigate and report where necessary, incidents of suspicious transactions/behaviour * Maintain a PEP register (Politically Exposed Persons) * Act as central AML/KYC point of contact for all client account opening, client due diligence and related matters affecting all UK entities, including financial crime, fraud, sanctions etc.