Associate Partner - Head of Compliance

Augment Risk is seeking a senior compliance leader to join the UK business as Head of Compliance (UK). This individual will be responsible for the oversight, effectiveness, and ongoing development of the firm’s compliance and financial crime arrangements, ensuring adherence to applicable regulatory requirements in the UK and supporting the broader group as needed. Subject to regulatory approval, the role is expected to perform the SMF16 (Compliance Oversight) function and may serve as a member of the UK Board (potentially requiring SMF3 and regulatory approval). The role combines strategic oversight with hands-on execution, reflecting the firm’s size and stage of development.

The successful candidate will be accountable for maintaining effective systems and controls, embedding a strong culture of compliance, and ensuring robust oversight of financial crime risks, including sanctions. The role will report to the Group Chief Legal Officer, will work closely with the UK CEO (SMF1), and will have direct access to the UK Board with authority to escalate matters independently where required. The role will also support the firm’s contractual and regulatory framework, including oversight of UK broking documentation (such as TOBAs), and ensure compliance with Lloyd’s broker requirements.

The individual will take responsibility for the firm’s financial crime framework, including sanctions controls, and will assess, in conjunction with senior management and advisors, the appropriate allocation of MLRO responsibilities (including potential SMF17 designation) in line with the firm’s regulatory obligations and business model.

Key Responsibilities:

• Act as the senior individual responsible for the compliance function within the UK entity (SMF16, subject to approval)
• Provide independent oversight and challenge to senior management and the Board on regulatory and compliance matters
• Ensure clear allocation of compliance responsibilities and effective governance arrangements
• Maintain direct engagement with the FCA, Lloyd’s and other relevant regulators, acting as a primary point of contact where appropriate
• Own, develop and maintain the firm’s compliance framework in line with FCA requirements (including SYSC and SMCR)
• Ensure compliance with Lloyd’s broker requirements and associated regulatory expectations
• Identify, assess and monitor compliance risks across the business, ensuring appropriate mitigation strategies are implemented
• Establish and maintain a forward-looking compliance monitoring plan and oversee its execution
• Ensure compliance arrangements remain proportionate to the size, nature and complexity of the firm
• Maintain oversight of the firm’s risk register and associated controls, ensuring compliance risks are appropriately identified, assessed, monitored and escalated
• Own and oversee the firm’s financial crime framework, including sanctions, anti-money laundering (AML), and related controls
• Establish and maintain appropriate sanctions screening processes and controls across the business
• Ensure effective identification, escalation and management of financial crime risks, including suspicious activity where relevant
• Assess and advise on the firm’s regulatory obligations in respect of financial crime, including whether formal MLRO designation is required
• Oversee the development, review and maintenance of UK broking documentation, including Terms of Business Agreements (TOBAs) and other client and counterparty agreements
• Ensure that contractual documentation aligns with regulatory requirements and the firm’s risk appetite
• Work closely with Legal to ensure appropriate governance over contractual frameworks while maintaining compliance independence
• Develop, implement and maintain policies and procedures to support regulatory compliance and financial crime controls
• Ensure regular review and Board approval of key compliance documentation
• Oversee incident, breach and issue management processes, ensuring appropriate escalation and remediation
• Oversee regulatory submissions, returns, and notifications to ensure accuracy and timeliness
• Provide regular reporting to the Board on compliance and financial crime matters, including risks, incidents, and regulatory developments
• Lead the development and delivery of compliance and financial crime training tailored to roles and responsibilities
• Promote a strong culture of compliance and ethical conduct across the organisation
• Support oversight of compliance arrangements across other jurisdictions, including the EU and Bermuda, as the firm expands
• Work with group stakeholders to ensure alignment of global and local compliance standards, while maintaining UK regulatory independence
• Maintain the independence of the compliance function while supporting the commercial objectives of the business

Experience & Qualifications:

• Significant experience (typically 10+ years) in a senior compliance role within an FCA-regulated firm
• Experience within insurance, reinsurance or Lloyd’s broking environments strongly preferred
• Strong working knowledge of FCA regulatory requirements, including SYSC and SMCR
• Experience engaging with regulators and managing regulatory interactions
• Demonstrated ability to operate at Board or senior committee level
• Experience with financial crime and sanctions frameworks preferred
• Strong judgement, integrity, and ability to meet FCA “fit and proper” standards
• Excellent communication and stakeholder management skills

Ready to make a difference? As a fast-growing company, our culture is centered around innovation, collaboration, and ownership. This is an opportunity to take the initiative, bring ideas that will matter and be heard, and be involved in making impactful decisions, all while contributing meaningful work to the company’s success.