Compliance Monitoring Manager

  • Competitive salary
  • London, England, United Kingdom
  • Permanent, Full time
  • SEI Investments (Europe) Ltd.
  • 17 Oct 17 2017-10-17

The role requires an enthusiastic individual, with strong compliance monitoring experience and/or regulatory experience, with strong evidence of a clear desire to work in a dedicated Compliance role, to join a Compliance department supporting the core compliance initiatives and control framework within SIEL’s regulated business.

The SEI Investments (Europe) Limited (“SIEL” or the “Firm”) Compliance department creates, develops, implements, monitors and manages the Firm’s procedures, key controls and policies that seek to ensure that the Firm’s control, risk and governance structures are adequate. The department liaises with, oversees and monitors business areas to ensure that comprehensive regulatory and risk controls are in place and functioning appropriately.

Key Objectives:

The role requires an enthusiastic individual, with strong compliance monitoring experience and/or regulatory experience, with strong evidence of a clear desire to work in a dedicated Compliance role, to join a Compliance department supporting the core compliance initiatives and control framework within SIEL’s regulated business.

The individual will build relationships with key stakeholders throughout the business, deliver an exceptional performance in the daily provision of assigned regulatory activities and help successfully drive through compliant requirements and change whilst maintaining excellent relations throughout the organisation.  The candidate should have the desire to keep up to date with financial services regulatory change and developments.

General Responsibilities:
 

  • Work with and support the Head and Deputy Head of Compliance to help the department in its general objective to ensure that the SIEL governance and internal control structures are effective for the Firm as a whole, such that SIEL is compliant at all times with all applicable rules and regulations.
  • Work with and support the Head and Deputy Head of Compliance in undertaking robust compliance risk assessments and developing a risk based and proportionate annual Compliance Monitoring Plan

 

  • Planning, execution and reporting against SEI’s Compliance Monitoring Plan, retaining appropriate records and providing concise, and timely, written and verbal reports highlighting key issues and recommendations

 

Effectively execute the Firm’s compliance monitoring program ensuring, among other things, that:
 

  • Monitoring review are effectively planned and designed such that the scope of work to be performed is sufficient, appropriate and risk-based. This includes ensuring that all applicable key rules and regulations, regulator’s thematic reviews, other relevant publications from the relevant regulator or industry bodies (FCA, ESMA, EBA, TISA, IMA, etc.) and any relevant regulatory developments and/or interpretations from industry bodies and/or the relevant regulator associated with the topic/theme of the review are considered.
  • Compliance monitoring testing procedures, for each of the monitoring reviews that need to be performed, are effectively designed, such that key issues/matters are identified and/or meaningful conclusions
  • With effective management of more junior compliance resources and effective time management monitoring reviews are effectively conducted from planning stage to completion (including the reporting and communication of findings and recommendations stages) in a timely manner.
  • The findings/results of monitoring reviews are critically evaluated, using a risk-based approach, taking into consideration all relevant information that is available to compliance, to determine any knock-on impact (e.g. whether the finding is a breach, etc.) and to make appropriate, well-thought, detailed recommendations.
  • The findings/results and associated recommendations are communicated (verbally and in writing) to and agreed by all relevant stakeholders and/or SIEL Committees (incl. SIEL Board), in a timely manner, using management information that is appropriately succinct/detailed and effective for the relevant communication and for the relevant audience.
  • Establish strong mutually beneficial relationships with key stakeholders across the SEI business

 

  • All communications (both verbal and written) need to be of high-quality, concise, to the point, comprehensive, thoroughly-considered from all relevant angles, risk-based, and timely.
  • Actions arising from monitoring activities are followed up in a timely manner and where necessary issues are escalated appropriately and through the use of effective communication methods.

 

  • Manage the delegated compliance monitoring work which is being performed by the Firm’s Compliance Officers and provides them with relevant support, training and guidance, as and when appropriate to help them develop.
  • Using a risk-based approach, review the compliance monitoring work of the Firm’s Compliance Officers.
  • Assist in the production of effective and timely management information for Senior Management, the Firm’s Committees and its Board of Directors.
  • Using, as and where appropriate, available compliance or other IT systems, produce, maintain and update the necessary records that demonstrate satisfactory completion of the above-mentioned responsibilities.
  • As part of performing the above mentioned responsibilities, identify and escalate relevant risks and ensure that identified risks are recorded in the Firm’s risk management systems together with sufficient and appropriate controls that aim to minimise the impact of such risks to a level that falls within the risk appetite defined by the Firm’s Senior Management and Board of Directors.
  • Assist in any other ad-hoc projects as required.
  • With guidance and support, where appropriate, cover for other members of the team in their absence.
  • Keep current on market conditions, applicable rules and regulations, SEI products and services, etc.; and
  • Adhere to all relevant FCA and other requirements, policies and procedures.

 

Technical Capabilities/Skills & Experience Required for the Role:
 

  • Degree (or equivalent) preferred
  • Extensive regulatory experience and/or experience of working in a compliance function, preferably in the asset management/servicing sector.
  • Whilst undertaking compliance monitoring reviews and testing a significant experience with, or excellent knowledge and understanding of rules and regulations associated within the FCA and ESMA
  • Strong ability to work independently with minimal supervision.
  • Excellent verbal and written communication skills are essential.
  • Excellent analytical skills with attention to detail, including strong ability to analyse, document, simplify and effectively deal with complex technical and business matters and processes.
  • Excellent management and leadership skills, including strong ability to manage more junior members of the compliance department and provide them with suitable support, training, feedback and guidance.
  • Practical knowledge and effective application of IT systems including Microsoft Office applications (Word, Excel, Outlook, PowerPoint, Access)
  • Strong organisational, research, time management and project management skills desirable

 

SEI is an equal opportunities employer

About SEI

SEI (NASDAQ: SEIC) is a leading global provider of investment processing, investment management and investment operations solutions that helps corporations, financial institutions, financial advisors, institutional investors and ultra-high-net-worth families create and manage wealth by providing comprehensive, innovative, investment and investment-business solutions. As of 31 December 2016, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $751 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $283 billion in assets under management and $468 billion in client assets under administration. For more information, visit seic.com.

SEI Investments (Europe) Limited (“SIEL”) is SEI’s London-based European subsidiary and is regulated by the Financial Conduct Authority.