Compliance Manager (Monitoring)

Full time, 37.5 hours per week (we welcome flexible working discussions)

An opportunity to make a difference

At Border to Coast our purpose is to make a difference and the Compliance team is now looking to recruit a Compliance Monitoring Manager; the delivery of the compliance monitoring plan is a key regulatory requirement and this is an exciting opportunity to make a contribution to Border to Coast.

As a customer-owned and customer-focused organisation, integrity is one of our values, as is our collaborative and sustainable approach. Our focus is to secure the pensions of over a million people who have provided valuable service to their communities and society. We’re a £60bn asset manager, the largest UK asset manager outside London or Edinburgh, and we provide innovative investments that deliver sustainable returns over the long term.

The Risk and Compliance teams act as the second line oversight function across the Company. The compliance team provides support and oversight of the regulatory requirements across the business and delivers the output from the monitoring completed in line with the Board Risk Committee approved plan and provides regular reporting in relation to regulatory risk and conduct risk management.

We’re now looking for a Compliance Manager to be responsible for ensuring effective Compliance monitoring is planned, performed, and reported, and for providing associated ongoing guidance and support to the business.

Reporting to the Head of Compliance and MLRO, the Compliance Manager will provide appropriate challenge to the business and senior management in respect of regulatory risks, conduct and financial crime risks, and compliance with designated regulation and/or legislation, as well as overseeing that associated policies, procedures and controls are in place and operated.

The role – what you’ll be doing

As a Compliance Manager your role is hugely important and will include:

• Supporting the Head of Compliance and MLRO (HoC&MLRO) in respect of their SMF16 and SMF17 responsibilities, and the oversight of compliance with FCA and AIFMD regulations.
• Developing and maintaining the risk-based Compliance Monitoring Plan for review by the HoC&MLRO, and ultimate approval by the Board Risk Committee.
• Supporting the R&C team’s effective risk management oversight of the regulatory risk universe for the business, so that priorities for compliance monitoring reviews are properly set.
• As appropriate, supporting the HoC&MLRO and Anti-Financial Crime and Compliance Manager with the review of anti-Financial Crime policies and procedures.
• Supporting the maintenance of a positive and open relationship with UK Financial Conduct Authority and the Depositary.
• Supporting the development of a positive regulatory risk, compliance, conduct and anti-financial crime culture within Border to Coast Operations.

About you – and the value you’ll bring to our team

• Professionally qualified, e.g. CISI or IA compliance, or financial crime diploma, or equivalent experience.
• Internal Audit qualified, or equivalent by experience may also be considered.
• Strong experience of a management role, maintaining and operating effective compliance and conduct monitoring and surveillance.
• A track record of planning, executing and reporting Compliance Monitoring Programmes, tailored to the risks encountered by institutional investment manager(s).
• Experience of conducting surveillance of trading activity, including oversight are market abuse controls, and associated MI reporting
• High levels of integrity and trustworthiness.
• Skilled at performing thorough CMP or internal audit reviews, consistently following established methodologies.
• Good knowledge of regulatory requirements relating to institutional investment managers, including a strong understanding of anti-money laundering and anti-financial crime requirements.
• Good knowledge of regulatory, conduct, financial crime and market abuse issues and how they can impact on an investment management company.
• Practical knowledge of institutional Investment Management.

Why join Border to Coast?

At Border to Coast, you will receive competitive remuneration and have access to excellent benefits:

• Vitality Health Insurance for all employees
• Employee Assistance Programme
• A generous holiday allowance of 30 days a year, plus bank holidays
• Professional Development including the opportunity to gain fully funded qualifications (e.g. IMC)
• Critical Illness Cover
• Pension scheme
• Stunning Leeds city centre location only a short walk to the train station
• Cycle to work scheme
• Life Assurance of 6 times of salary
• Sustainable travel plans and public transport discounts
• Range of discounts for Leeds gyms, shops and restaurants
• Hybrid working
• Onsite gym

There’s also more information about pay and reward, careers at Border to Coast and how we work on our website Careers – Border To Coast – Work With Us

We welcome applications from people of all experience levels and backgrounds and value diversity of thought. We are committed to creating an inclusive and engaging workplace, ensuring that colleagues maintain a work life balance. We encourage colleagues to progress, be themselves and be their best through both personal and professional development.

If you have a disability, or if you have a condition that you believe may affect your performance during our selection process, we would be happy to discuss making reasonable adjustments to our processes for you. Please contact our recruitment team at recruitment@bordertocoast.org.uk

We’re looking for people with the right values, behaviours, skills and experiences and if you meet some of the role’s criteria and are interested in finding out more about Border to Coast and the team, we’d love to hear from you.

About Us

Border to Coast Pensions Partnership is a collaboration of 11 Local Government Pension Funds with a total asset value of c.£60 billion (as of the 31st of March 2023). Border to Coast is a FCA regulated investment company created to pool the investments of like-minded Local Government Pension Scheme (LGPS) funds – our ‘Partner Funds’. Established in 2018, we are the largest LGPS pools in the UK.

Our purpose is to make a difference for the Local Government Pension Scheme. We seek to do this by providing cost-effective and innovative investment opportunities delivering returns over the long term for our Partner Funds, their employers and over 1.1 million LGPS members.

Since launch, Border to Coast has been awarded many accolades: ‘Best Pool of the Year’ at the LAPF Investment Awards three years out of four, most recently winning ‘Pool Innovation of the Year’, named at the Professional Pensions UK Pensions Awards as ‘Equity’ and ‘Alternatives Manager of the Year’, and our Climate Change report has won Pensions for Purpose awards two years in a row.

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