Head of Compliance in London

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.
• For any key person roles, no objection must be received from the regulator.

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.