Compliance Monitoring Manager in City of London

Nest Invest is on an ambitious journey to become one of the world’s largest asset owners. With c. £60 billion AUM today, we’re on track to manage more than £100bn by 2030. This rapid growth brings exciting opportunities and increasing operational complexity.

As our portfolio expands, we shall internally manage more of the investment decision making and process, whilst concurrently engaging with a broader range of external partners. This rapid and sustainable growth and the transitioning of investment decision making ‘in-house’ will clearly have significant implications on the approach to compliance that Nest Invest takes. It is imperative that Nest Invest has a culture that prioritises compliance and has strong processes in place to ensure it meets the highest standards of conduct.

Nest Invest is regulated as an Occupational Pension Scheme (OPS) firm by the FCA. The compliance function supports Nest Invest to comply with regulation arising from its status as an OPS firm. Nest Invest currently falls under the FCA’s ‘core’ Senior Managers and Certification Regime (SMCR) due to the size of assets under management and investment implementation approach.

The Role

Reporting into the Head of Compliance, the Compliance Monitoring Manager will be responsible for supporting on the design, delivery and oversight of an end to end compliance monitoring programme for Nest Invest aligned with FCA regulations and industry best practice. This is an exciting opportunity to help support the elevation of our compliance function to the next level, ensuring that Nest Invest continues to adhere to FCA requirements, and navigates the increasing regulatory expectations that accompany the organisation’s growth trajectory.

We are seeking a Compliance Monitoring Manager to lead on the delivery of a Nest Invest Compliance Monitoring Plan, be able to adapt that plan to respond to new or emerging regulatory risks identified through horizon scanning, FCA priorities or internal situations, and deliver compliance monitoring reports which ensure the business is kept up to date with regulatory risks and actions taken which mitigate those risks.

The Person

This is an incredibly exciting time in Nest Invest’s future growth agenda and evolution. The successful Compliance Monitoring Manager will play a key role in helping to shape our approach to demonstrating FCA compliance as we become more sophisticated and specialised as an Asset Manager. We are looking for:

• An established Compliance Monitoring professional with experience of developing, delivering and running compliance monitoring programmes within Institutional Asset Management, Investment Management or Asset Owner environments.
• Demonstrable experience of owning or implementing a compliance monitoring plan within an FCA regulated entity, preferably Investment Firms and/or OPS firms.
• Strong knowledge and experience of regulatory rules and requirements, including FCA rules and working practices.
• Excellent stakeholder engagement, partnering and influencing skills and the ability to face off to a range of senior stakeholders across an investment business, challenging proactively and constructively where necessary.
• Strong judgement and pragmatism in navigating regulatory risk, with ability to communicate clearly and confidently.
• Very well organised with excellent attention to detail and the ability to be both strategic but also hands on.
• A genuine desire to contribute to a purpose led environment and a collaborative, collegiate and dynamic culture.

Organisational Overview

Nest is an award-winning workplace pension scheme, the largest in the country in terms of members. Set up by the government to give every worker in the UK somewhere to save, our first-class responsible investment practice and governance are the backbone of what we do, supported by all the functions you’d expect to find in a thriving business. We’re committed to creating a workplace where you can be your authentic self and offer an inclusive and flexible working environment.

Flexible and agile working

Everyone's personal situation is different. To make the most out of hybrid working, we’ve introduced different ways of working, which include (subject to role requirements):

• hybrid of office (Canary Wharf, London) and home working (there will be an expectation to attend the office, once - twice a week, or more, as required)
• reduce or vary working hours
• reduce or vary the days worked
• work compressed hours
• job share

Diversity, Equity and Inclusion

Everyone is welcome to apply for our roles and we particularly encourage applications from Black, Asian and minority ethnicity, LGBTQ+, and disabled candidates. Everyone is welcome to apply for our roles, and we are determined to ensure that no applicant or employee receives less favourable treatment because of their age, belief, disability, gender identity, marital status, national origin, pregnancy or caring responsibilities, socio economic background, sex, sexual orientation, religion or race or any other legally protected status. We also recognise the importance of diversity of thought and other forms of neurocognitive variation. As a Level 2 Disability Confident organisation, we’re part of the guaranteed interview scheme. This means should you meet the minimum criteria for this role, you will automatically be put forward for an interview.

Please note that this advert may close early if we receive a sufficient number of satisfactory applications.