Head of Compliance, Risk & Financial Crime

Ensuring the firm's policies and other framework documentation are relevant and in line with current regulations and industry best practice and seeking, where appropriate, Board approval.

Operational Risk

• Partnering with the COO to ensure policies, procedures and processes are in alignment with business objectives.
• Responsibility for monthly KPI reporting and developing and maintaining the Operational Risk dashboard, providing quarterly updates to the Board (and any other oversight committees).
• Responsibility for overseeing the investigation and reporting of all operational risk events ensuring all remedial actions are identified and implemented.
• Managing the existing Risk and Control Assessments process and ensuring the communication of key risks to the Board and CEO.
• Providing guidance in relation to new products/instruments; ensuring all operational risk and controls are fully considered and processes documented.
• Coordination of the Business Continuity Plan (“BCP”) program in partnership with the COO.

Market Risk

• Partnering with Financial Director to ensure policies, procedures and processes are in alignment.
• Define service required from Financial Director with regards to market risk measurement, reporting and oversight (supporting him/her on ICAAP/ICARA and other regulatory reporting requirements).

Investment Risk

• Oversight of the firm's advisory and planned DFM/Asset Management investment risk management process to ensure mandates are managed in line with their risk profile.
• The review and monitoring of any counterparty exposures; reporting limit breaches and changes to quality or concentration risk.
• Responsibility for the preparation and distribution of risk reports covering daily VAR, tracking error and volatility reports and weekly/monthly/quarterly liquidity reports internal committees and relevant Boards.
• Maintenance of stress testing and back testing program.

Prudential

• Reviewing all FCA policy statements and requirements on stress testing and maintenance of a stress testing process that satisfies the Liberate Wealth’s Board and regulatory obligations, with regard to capital, liquidity risk and credit risk exposure.
• The coordination and independent challenge of prudential planning exercises including ICAAP, ICARA, Recovery Plan and Resolution Pack to comply with Board and regulatory requirements.

Compliance

• Maintaining the Compliance Framework and the Compliance department’s terms of reference in line with business model, Board established regulatory risk appetite and regulatory framework.
• Managing the relationship with the regulators, central correspondence and reporting log and regulatory visits and inspections.
• Define and maintain regulatory change management framework.
• Define and ensure delivery of compliance training and monitoring plans.
• Maintaining the Compliance manual and Compliance policies and ensuring that they are effectively communicated and adhered to across the business.
• Ensure compliance with GDPR and the Data Protection Act 2018 and that adequate data protection measures are in place.
• Providing clear, reliable and consistent advice on any compliance issues arising in the business, including in relation to any new business initiatives.
• Maintaining the firm’s Conflicts of Interest Register.
• Authorising Officer for designated financial promotions.
• Maintaining the firm’s Financial Promotions Register.
• Assisting HR with the Due Diligence and on-boarding and annual revalidation of SMCR and Certification Staff.
• Provide the Board with the annual end of year Compliance Report.

Economic Crime

• Ensure policies, procedures and processes are in place and trained into the business.
• Undertake the role of MLRO for Liberate Wealth Limited (and any other group companies).
• As necessary, sponsor Economic Crime policies and procedures and oversee their implementation.
• Provide the Board with the Annual MLRO Report.

Executive Committee and other Governance Committees

• Member of the Management Committee, responsible for the delivery of the firms Balanced Scorecard for Risk and Compliance.
• Member or attendee of any other relevant firm Committees.

Other duties

• Supporting the MD, FD and Board/Executive Committee with:
• Regulatory Affairs and Policies and procedures: Reviewing policies and procedures at least annually/every 18 months (respectively) against FCA requirements.
• Maintaining the firm’s Policy Library.
• Compliance Monitoring Programme: Performing a Risk Based Compliance Monitoring assessment at least annually and preparing a monitoring programme to ensure the risks identified are adequately controlled and managed, with clear issue resolution tracking and Board reporting is established.
• Overseeing the execution of the Compliance monitoring programme.
• Regulatory Change: Defining and overseeing the implementation of the Regulatory Change Management framework.
• Advisory: Overseeing the review of marketing material (including investor presentations, client letters, and monthly fund fact sheets) to ensure that they are clear, fair and not misleading.
• Investigating and remediating regulatory breaches including notification to the regulators.
• Training: Defining and tracking completion of mandatory training plan.