Associate Partner - Head of Compliance in London

Augment Risk is seeking a senior compliance leader to join the UK business as Head of Compliance (UK). This individual will be responsible for overseeing, ensuring effectiveness, and continually developing the firm’s compliance and financial crime arrangements, guaranteeing adherence to UK regulatory requirements and supporting the broader group as needed. The role may involve performing the SMF16 (Compliance Oversight) function and acting as a member of the UK Board, subject to regulatory approval.

Key Responsibilities

• Regulatory Oversight & SMF 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.
• Compliance Framework & Risk Management
  • 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, implementing appropriate mitigation strategies.
  • Establish and maintain a forward‑looking compliance monitoring plan and oversee its execution.
  • Maintain oversight of the firm’s risk register and associated controls, ensuring risks are identified, assessed, monitored and escalated appropriately.
• Financial Crime & Sanctions Oversight
  • 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 across the business.
  • Ensure effective identification, escalation and management of financial crime risks, including suspicious activity reporting.
  • Assess and advise on regulatory obligations in respect of financial crime and determine whether formal MLRO designation is required.
  • Assume MLRO or nominated officer responsibilities where appropriate, subject to regulatory scope and approval.
• Contractual & Legal/Compliance Oversight
  • Oversee the development, review and maintenance of UK broking documentation, including Terms of Business Agreements (TOBAs) and other client and counterparty agreements.
  • Ensure contractual documentation aligns with regulatory requirements and the firm’s risk appetite.
  • Work closely with Legal to ensure governance over contractual frameworks while maintaining compliance independence.
  • Support the development of standardised contractual approaches as the firm scales.
• Policies, Procedures & Controls
  • 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 with appropriate escalation and remediation.
• Regulatory Reporting & Governance
  • 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.
  • Maintain records to support regulatory accountability and audit requirements.
• Training & Culture
  • Lead development and delivery of compliance and financial crime training tailored to roles and responsibilities.
  • Promote a culture of compliance and ethical conduct across the organisation.
  • Support senior management in embedding regulatory awareness into business decision‑making.
• International & Group Oversight
  • Support oversight of compliance arrangements across other jurisdictions, including the EU and Bermuda.
  • Work with group stakeholders to align global and local compliance standards while maintaining UK regulatory independence.
  • Assist in building scalable compliance structures to support international growth.
• Collaboration and Governance
  • Work closely with Legal, Operations, HR and business teams to support compliant growth.
  • Coordinate with group functions across jurisdictions while maintaining local accountability.
  • Participate in management‑level governance forums, ensuring compliance and risk considerations are incorporated into decision‑making.
  • Maintain the independence of the compliance function while supporting commercial objectives.
  • Escalate issues to the Board without undue influence and operate with sufficient authority, resources and access to discharge regulatory responsibilities effectively.

Experience & Qualifications

• Significant experience (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 Lloyd’s broker requirements and London Market practices preferred.
• Experience supporting multi‑jurisdictional compliance frameworks desirable.
• Experience with ComplyAdvantage a plus.

Personal Attributes

• Strong judgement, integrity and the ability to meet FCA “fit and proper” standards.
• Ability to provide effective independent challenge to, and support of, senior stakeholders.
• Hands‑on, pragmatic approach suited to a scaling organisation.
• Excellent communication and stakeholder management skills.
• Ability to balance strategic oversight with operational execution.