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Head of Compliance, LMAX Europe Limited
Description:
About the Role:
Compliance Officer’s duties including evaluating all current and new compliance regulations, reviewing company processes and policies, suggesting improvements and leading training sessions for company’s employees.
Main Duties & Responsibilities:
- Reviewing the adequacy of Customer Due Diligence (CDD), Know Your Customer (KYC), Know Your Business (KYB), source of funds, client information, client profiling and suitability during the account opening process
- Providing the business with advice and guidance on all relevant CySEC’s regulatory obligations and requirements
- Working with the business to ensure that the firm establishes and maintains appropriate policies, procedures, systems and controls in accordance with CySEC’s regulations.
- Monitoring all aspects of the business to identify actual or potential weaknesses of internal controls and advising on remedial action that may be taken by line management.
- Is in liaison with regulators, auditors and other group companies and external organisations where appropriate.
- Provide AML and Compliance trainings and awareness to the business as required
- Will be the first point of contact for any AML escalations & queries providing guidance as needed.
- Assist to ensure adequate AML controls and policies are in place.
- Conducting regular desktop investigations on existing clients
- Monitoring the client screening process, regularly testing the system to ensure it is robust and reliable.
- Providing feedback on the positive screening hits escalated from Client Onboarding Team.
- Conducting regular transaction monitoring on high risk accounts, reviewing and investigating
- suspicious transactions and internal SARs.
- Deliver the AML training programme, ensure all new starters are promptly trained and regular refresher training are given to all existing staff.
- Ensure accurate KYC/AML information is recorded for risk management purposes.
- Help manage and train Alternate AML Officer.
Requirements:
Essential Skills / Experience:
- University degree or equivalent
- Excellent proficiency in MS Office application.
- Confident and proactive in communicating with people at all level
- Great team player with the ability to foster close working relationships with colleagues
- Results orientated with a strong bias for action and outcome
- Excellent communication skills both verbal and written
- Comfortable with working in a young, technology driven environment with a great deal of responsibility and autonomy
- Desire to contribute to success in areas beyond the core compliance areas
Desirable Skills / Experience:
- Language skills desirable
- Team leading experience is desirable
- Contract Drafting experience required
- Compliance experience with knowledge of the FCA handbook.