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- Tasks: Lead compliance initiatives and support asset management growth at SMDAM UK.
- Company: Join a trusted global investment management firm with a commitment to inclusivity.
- Benefits: Enjoy a hybrid work model and a culture that values authenticity.
- Why this job: Be part of a dynamic team driving compliance in a rapidly expanding market.
- Qualifications: 5-8 years of compliance experience in asset management is essential.
- Other info: We welcome diverse backgrounds and perspectives to foster social change.
The predicted salary is between 72000 - 108000 £ per year.
SMBC: A trusted partner for the long term
Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.
Sumitomo Mitsui DS Asset Management (UK) Limited: Senior Compliance Manager
Section 1 – Details
Job Title / Corporate Title: Senior Compliance Manager, Director
Department / Group: SMDAM UK / Legal & Compliance
Responsible to / Line Manager: Head of Legal, Compliance and Risk, SMDAM UK
Location: London, hybrid
Date Prepared: December 2024
Section 2 – Purpose of Job
This is an exciting opportunity to become Senior Compliance Manager at Sumitomo Mitsui DS Asset Management (UK) Limited (“SMDAM UK “). SMDAM UK is a subsidiary of Sumitomo Mitsui DS Asset Management Ltd, one of the largest investment management companies in Japan, offering discretionary investment management, investment trust and advisory services to a range of institutional investors, pension funds and government agencies worldwide.
Section 3 – Background
The Senior Compliance Manager is a key hire in support of SMDAM’s plans to significantly expand its asset management activities outside of Japan over the next ten years.
Section 4 – Facts / Scale
The successful candidate will have 5 – 8 years of proven compliance experience working in the asset management industry and possess a thorough understanding of the workings and regulation of the investment funds industry, including UCITS, AIFMD and MiFID.
Section 5 – Accountabilities & Responsibilities
Key Responsibilities:
- Providing broad compliance advisory support to the business across all aspects of the existing product set and all future account/product launches
- Preparing, maintaining and updating compliance policies and procedures
- Managing the compliance program on a day-to-day basis, covering financial promotions, personal account dealing, updating compliance logs / registers and preparing / submitting regulatory filings
- Leading the firm’s ongoing compliance monitoring program
- Proactively reviewing upcoming regulatory changes, assessing the impact on the firm and its funds and ensuring effective implementation
- Managing service providers including outside legal counsel and compliance consultants
- Preparing management and internal group reporting for all compliance-related requirements
- Providing ongoing compliance training to firm employees
- Assisting with compliance queries and due diligence requirements from existing and prospective investors
Section 6 – Knowledge, Skills, Experience & Qualifications
Required experience:
- 5 – 8 years compliance experience gained within the asset management industry (traditional liquid assets experience essential. Alternative funds, including private credit, compliance experience highly desirable)
- Extensive experience and knowledge of the UK and European regulatory regimes relating to asset management, including UCITS, MiFID II and AIFMD and FCA Handbook rules in respect of asset management
- Knowledge and understanding of EU and UK Sustainability Regulation highly desirable
Skills:
- Commercial mindset and business acumen in order to take a pragmatic and solutions-focused approach to compliance
- Attention to detail and strong analytical skills, using initiative to resolve problems
- Strong relationship-building skills with the ability to engage proactively with colleagues at all levels
- Proactive and motivated in fostering a positive compliance culture
- Excellent policy, report writing and communication skills
We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We’ll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested.#J-18808-Ljbffr
PERM - SMDAM - Legal & Compliance - Senior Compliance Manager - Director employer: Sumitomo Mitsui Banking Corporation
Contact Detail:
Sumitomo Mitsui Banking Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PERM - SMDAM - Legal & Compliance - Senior Compliance Manager - Director
✨Tip Number 1
Make sure to familiarize yourself with the specific compliance regulations mentioned in the job description, such as UCITS, AIFMD, and MiFID II. Understanding these regulations will not only help you in the interview but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the asset management industry, especially those who have experience in compliance roles. Engaging with them can provide you with valuable insights and potentially lead to referrals that could strengthen your application.
✨Tip Number 3
Stay updated on the latest trends and changes in UK and European regulatory frameworks. Being knowledgeable about recent developments will show your proactive approach and readiness to tackle compliance challenges in the role.
✨Tip Number 4
Prepare to discuss your previous compliance experiences in detail, particularly how you've handled regulatory changes or compliance issues. Highlighting specific examples will showcase your problem-solving skills and ability to manage compliance effectively.
We think you need these skills to ace PERM - SMDAM - Legal & Compliance - Senior Compliance Manager - Director
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Senior Compliance Manager position. Understand the key responsibilities and required experience, especially in compliance within the asset management industry.
Highlight Relevant Experience: In your application, emphasize your 5-8 years of compliance experience, particularly in traditional liquid assets. Make sure to mention any experience with UCITS, AIFMD, and MiFID regulations, as these are crucial for the role.
Showcase Your Skills: Demonstrate your commercial mindset, attention to detail, and strong analytical skills in your CV and cover letter. Provide examples of how you've successfully navigated compliance challenges in previous roles.
Personalize Your Application: Make your application stand out by personalizing it. Mention why you are interested in working for Sumitomo Mitsui DS Asset Management and how your unique background can contribute to their inclusive culture.
How to prepare for a job interview at Sumitomo Mitsui Banking Corporation
✨Show Your Compliance Expertise
Make sure to highlight your 5-8 years of compliance experience in the asset management industry. Be prepared to discuss specific regulations like UCITS, AIFMD, and MiFID II, and how you've navigated them in your previous roles.
✨Demonstrate a Commercial Mindset
Since the role requires a pragmatic approach to compliance, share examples of how you've balanced regulatory requirements with business needs. This will show that you understand the importance of aligning compliance with business objectives.
✨Prepare for Regulatory Changes
Discuss your proactive approach to staying updated on regulatory changes. Be ready to explain how you've assessed their impact on your previous firms and implemented necessary adjustments to compliance programs.
✨Emphasize Relationship-Building Skills
The ability to engage with colleagues at all levels is crucial. Prepare examples of how you've built strong relationships within your team and across departments to foster a positive compliance culture.
