At a Glance
- Tasks: Lead compliance efforts and ensure adherence to regulatory frameworks in a dynamic environment.
- Company: Praxis Group, a trusted provider of Trust and Company Services.
- Benefits: Competitive salary, professional development, and a collaborative team culture.
- Other info: Join a team that values inspiration, trust, and collective success.
- Why this job: Make a real impact by shaping compliance policies and guiding the business towards success.
- Qualifications: 5+ years in financial services with 3 years in senior compliance roles.
The predicted salary is between 60000 - 80000 £ per year.
Reporting directly to the board of directors, the role has overall responsibility for the implementation and maintenance of compliance policies and procedures, with a thorough understanding of the industry and the regulatory framework applicable to Trust and Company Service Providers in the jurisdiction. Ensuring the Compliance function operates in accordance with the Praxis Group Compliance Framework, Policies and Procedures.
Job accountabilities:
- Appointed as Compliance Officer and Money Laundering Reporting Officer operating in accordance with local regulatory requirements.
- Provide advice and guidance to the business and other Compliance staff to enable efficient operation in meeting strategic plans and objectives while continuing to meet regulatory and legislative requirements.
- Assist with the dissemination of regulatory and legislative updates to the Board, Group, and appropriate personnel.
- Identify and arrange for gap analysis of changes required to Praxis’ systems and controls including policies and procedures, highlighting areas for improvement.
- Oversee the continual development and maintenance of relevant policies and procedures.
- Manage regular Compliance oversight of processes on a risk-based approach to identify trends in non-compliance and root causes.
- Assist with the development of appropriate staff training and awareness programmes to help the business comply with regulatory and legislative requirements.
- Perform compliance-related administrative tasks and maintain relevant registers.
- Ensure all regulatory filings and other notifications are submitted appropriately and on time.
- Manage arrangements for the provision of information to the regulator under their annual and ad-hoc data collection exercises.
- Ensure the take-on of new clients is in accordance with regulatory and legal requirements and internal policies and procedures, including reviewing all new business documentation for adequacy.
- Maintain the Compliance Monitoring Programme, completing it in a timely manner with no material backlogs.
- Review hits from the overnight screening of names and liaise with the business on follow-ups.
- Assess and confirm the adequacy of CDD as requested and maintain the respective Compliance records.
- Act as GDPR representative and attend in-house GDPR meetings.
- Provide regular reporting to the board of directors and the Group Head of Compliance.
- Carry out any additional Compliance related function/activity required by the directors or Group Head of Compliance from time to time.
Minimum education and experience:
- Professional, management or technical qualification, or at least 5 years financial services experience, including 3 years of direct Compliance experience at a senior level.
- Good interpersonal skills to develop and maintain close working relationships with the board of directors, colleagues in client services, operational support staff, and relevant third parties.
- Demonstrate good knowledge of the client services provided by Praxis, compliance and anti-financial crime issues, and the regulatory framework to advise on complex matters.
Required skills:
- Excellent oral and written communication skills.
- Professional outlook and manner, with the ability to relate effectively to stakeholders at all levels and manage stakeholder requirements effectively and timely.
- Ability to prioritise work schedule and meet deadlines.
- Ability to contribute to management meetings and put forward recommendations to the Board.
Additional information:
All team members are expected to be committed to our core values: We inspire, We listen, We trust, We succeed together.
Head of Compliance employer: Praxis Group
Praxis Group is an exceptional employer, offering a dynamic work environment where compliance professionals can thrive. With a strong commitment to employee development and a culture that values collaboration and integrity, we provide our team with the tools and training necessary to excel in their roles. Located in a vibrant jurisdiction, our team enjoys not only competitive benefits but also the opportunity to make a meaningful impact within the regulatory landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance
✨Tip Number 1
Network like a pro! Reach out to industry contacts and attend relevant events. You never know who might have the inside scoop on a Head of Compliance role that’s not even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on compliance regulations and frameworks. Show us you know your stuff and can discuss how you’d tackle real-world compliance challenges.
✨Tip Number 3
Don’t just wait for job postings; proactively approach companies you admire. Send them a message through our website expressing your interest in compliance roles, even if they’re not currently hiring.
✨Tip Number 4
Follow up after interviews with a thank-you note. It’s a simple gesture that shows your professionalism and keeps you top of mind as they make their decision.
We think you need these skills to ace Head of Compliance
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in compliance and financial services. We want to see how your skills align with the specific requirements of the Head of Compliance role.
Showcase Your Communication Skills:Since excellent communication is key for this position, use clear and concise language in your application. We love seeing candidates who can articulate their thoughts effectively, so don’t hold back!
Highlight Relevant Experience:Don’t forget to emphasise your previous compliance roles and any experience you have with regulatory frameworks. We’re looking for someone who can hit the ground running, so make it easy for us to see your qualifications.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to keep track of your application and ensure it gets the attention it deserves. Plus, it’s super easy!
How to prepare for a job interview at Praxis Group
✨Know Your Compliance Stuff
Make sure you have a solid grasp of compliance policies and the regulatory framework relevant to Trust and Company Service Providers. Brush up on recent changes in legislation and be ready to discuss how they impact the business.
✨Showcase Your Interpersonal Skills
Since this role involves working closely with the board and various stakeholders, demonstrate your ability to build relationships. Prepare examples of how you've effectively communicated complex compliance issues to different audiences.
✨Be Ready for Scenario Questions
Expect questions that assess your problem-solving skills in compliance scenarios. Think about past experiences where you identified compliance risks or implemented new policies, and be prepared to explain your thought process.
✨Highlight Your Training Experience
As the Head of Compliance, you'll need to develop training programmes. Share any experience you have in creating or delivering training sessions, especially those related to compliance and anti-financial crime.
