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Compliance

Our compliance department was established to service our existing client base and has grown organically over time. We work with your businesses senior management and C suite in order to understand the regulatory shape of your business and plan the best method of expansion while keeping abreast of regulatory changes.

We have industry experts that can act as professional consultants, covering the entire European market. Our clients include asset managers, real estate, commodity majors, banks, FinTech and corporate service providers.

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jobs

Related jobs

Compliance Officer

Salary:

£24,000 - £32,000 per annum

Location:

South Yorkshire

Market

Commerce & Industry

Job Discipline

Compliance

Industry

Professional Services

Salary

£30,000 - £35,000

Qualification

None specified

Contract Type:

Permanent

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Marks Sattin is currently recruiting for a Compliance Officer to work for this highly successful and diverse group.

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DCL161085

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16/11/20

David Clamp

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David Clamp
David Clamp

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David Clamp
Find out more
Senior Compliance officer - Private Equity

Salary:

€76,807 - €90,361 per annum + Benefits + Bonus

Location:

Luxembourg, Luxembourg (Canton)

Market

Financial Services

Job Discipline

Compliance

Industry

Private Equity

Salary

£80,000 - £100,000

Qualification

None specified

Contract Type:

Permanent

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.

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NGUlux

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02/11/20

Nicholas Georgiou

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Nicholas Georgiou
Nicholas Georgiou

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Nicholas Georgiou
Find out more
Regulatory Reporting Consultant

Salary:

€54,217 - €58,735 per annum

Location:

Dublin

Market

Financial Services

Job Discipline

Compliance

Industry

Investment Banking & Capital Markets

Salary

£50,000 - £60,000

Qualification

None specified

Contract Type:

Permanent

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We are working with an exciting and growing organisation based in Dublin as part of their global organisation

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BBBH161546_1601375495

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27/10/20

Sarah Fallon

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Sarah Fallon
Sarah Fallon

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Sarah Fallon
Find out more
Compliance Officer AIFM

Salary:

€63,253 - €72,289 per annum + Benefits + Bonus

Location:

Luxembourg, Luxembourg (Canton)

Market

Financial Services

Job Discipline

Compliance

Industry

Investment Management

Salary

£70,000 - £80,000

Qualification

None specified

Contract Type:

Permanent

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We are working exclusively with a debt AIFM headquartered in London that are looking for a mid-level Compliance Officer to join their Luxembourg office.

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NGULUXAIFM

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02/11/20

Nicholas Georgiou

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Nicholas Georgiou
Nicholas Georgiou

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Nicholas Georgiou
Find out more
Head of Compliance SMF16 / SMF17

Salary:

£100,000 - £120,000 per annum + benefits + Bonus

Location:

London

Market

Financial Services

Job Discipline

Compliance

Industry

Investment Banking & Capital Markets

Salary

£100,000 - £125,000

Qualification

None specified

Contract Type:

Permanent

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My client are looking to hire a Head of compliance with experience in the broking sector.

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NGUFX97

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10/11/20

Nicholas Georgiou

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Nicholas Georgiou
Nicholas Georgiou

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Nicholas Georgiou
Find out more
Assistant Compliance Monitoring Officer

Salary:

£25,000 - £35,000 per annum + + Bonus + Benefits + Study Contract

Location:

London

Market

Financial Services

Job Discipline

Compliance

Industry

Investment Banking & Capital Markets

Salary

£35,000 - £40,000

Qualification

None specified

Contract Type:

Permanent

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We are working with an exciting bank who is looking to bring on board an Assistant Compliance Officer to join the team in London.

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ACM1020

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26/10/20

Deem NaPattaloong

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Deem NaPattaloong
Deem NaPattaloong

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Deem NaPattaloong
Find out more
Money Laundering Reporting Officer

Salary:

€45,180 - €49,699 per annum

Location:

Dublin City Centre, Dublin

Market

Financial Services

Professional Services

Job Discipline

Compliance

Industry

Professional Services

Salary

£40,000 - £50,000

Qualification

None specified

Contract Type:

Permanent

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AML? CTF legislation? Regulation? Are these all things you are competent and interested in? Then this role could be for you!

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BBBH161331_1600275204

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14/10/20

Sarah Fallon

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Sarah Fallon
Sarah Fallon

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Sarah Fallon
Find out more
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Related articles

Dear CEO: A letter from the PRA (Prudential Regulation Authority)
Dear CEO: A letter from the PRA (Prudential Regulation Authority)

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Finance & Accounting

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General

27/02/20

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Not something someone wants to see coming from the PRA (Prudential Regulation Authority), however, this is the letter that went out to the CEOs of banking institutions in the UK recently. In essence, whilst it wasn’t targeting specific banks, it was more of a general piece to inform banks that the PRA are investing pretty heavily on technology, meaning that they plan to make it easier to look at data at a more granular level. In the future this could mean that they rely less on submissions and more on their own teams to analyse and interpret the true status of the banks’ liquidity and capital positions. Some organisations took this with a pinch of salt, while others have used it as a catalyst to recruit – and we’ve definitely seen an increase in recruitment within regulatory reporting. Organisations are pulling the trigger to recruit as a way to safeguard themselves against potential PRA action, particularly if the business is understaffed, or could do with an extra experienced head to ensure there are adequate controls and processes in place. Let’s take a look back to 2019? The last couple of years saw the market tighten, in particular to lower remuneration packages being offered to candidates compared to 2015 and 2016. Since the introduction of CoRep, the only other change was PRA110, but rather than paying over-the-odds salaries for specialists, the implementation was largely done taken in house. At the start of the year we saw an over-supply of contractors in the market, the majority working in narrow roles, for example only on RWA. With organisations looking for accountants that could complete the full suite of returns, contractors subsequently found themselves out of the market for a while, being asked to lower their rates, and clients not proceeding and wanting to hold out. Those in permanent roles were in a better position, however in some cases there wasn’t enough of a salary increase to warrant a move, creating a situation where roles were being advertised for a long time, and clients were then forced to compromise on what they sought from the beginning.  What should your recruitment strategy be for 2020? In the summer of 2018 we predicted that regulatory accountants with skills like VBA and SQL (and now Python) would become even more valuable in future for both organisations and talent. Even though the RegTech market is dominated by the likes of Vermeg (formerly Lombard Risk), Axiom, Wolters Kluwer and K-Helix, a lot of organisations we work with are still heavily reliant on Excel and producing these returns manually. We feel our predictions are coming true, with regulatory accountants who have excellent working knowledge of SQL/VBA/Python will soon find themselves in a stronger position (irrespective of their qualifications), as they are able to automate and streamline the whole process for producing and submitting regulatory returns. Where the PRA will apply pressure on banks to reduce their reliance on Excel, bringing in these candidates can better bridge the gap between the RegTech products and their in-house systems.  They can potentially safeguard the Bank from being a served S.166. We also cannot ignore the value of recruiting newly qualified ACAs from the Top 6 firms, as they understand the importance of controls and processes, and we know that’s what the PRA will also look at. Candidates with the full breadth of experience producing and submitting the full suite of CoRep returns are already in short supply, so the question is, do you continue to hang around for that perfect candidate to do a BAU role or do you accept that the landscape is changing and you’ll need to start future-proofing yourselves from potential PRA action? For more about our current roles, visit our jobs page.

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Not something someone wants to see coming from the PRA (Prudential Regulation Authority), however,

Read full article
Sanjay Chandwani

by

Sanjay Chandwani

Sanjay Chandwani

by

Sanjay Chandwani

Summary: Senior Managers and Certification Regime Rules 2018/19
Summary: Senior Managers and Certification Regime Rules 2018/19

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Governance

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General

23/07/18

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Marks Sattin's Compliance and Financial Crime Recruitment Manager, recently put together a summary of the FCA near final Senior Managers & Certification Regime rules published on the 4th July 2018. This extensive document is over 400 pages long and describes the key areas of change to be implemented over the next year and a half, with the deadline being 9 December 2019.  The key areas of change: Senior Managers Regime The Senior Managers functions remain the same for the FCA only (not PRA), with the exception of: • SMF18 (Other Overall Responsibility) • SMF7 (Group Entity Senior Manager) • SMF27 (Partner) The functions have been further clarified in their handbook. Certification Regime The FCA have not made any further amendments to the Significant Harm Functions for the FCA, only authorised firms. “Opt up” to an Enhanced Firm Because of the large number of holding groups who have multiple legal entities and companies, the FCA have introduced a process for them to “opt up” on a voluntary basis to become an Enhanced Firm. Even though individually they do not meet the criteria for being an Enhanced Firm, this change will give them the opportunity to be recognised as one. A new FCA Register Currently the register only contains information on Senior Managers and no information on Certified Persons under the Certification Regime. Download the full summary here.

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A summary of the FCA near final Senior Managers & Certification Regime rules published on the 4th July 2018.

Read full article
Nicholas Georgiou

by

Nicholas Georgiou

Nicholas Georgiou

by

Nicholas Georgiou

What does technology mean for risk and compliance?
What does technology mean for risk and compliance?

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Governance

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General

30/05/18

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As a sizeable, and growing, portion of the financial services sector - risk and compliance plays a vital role in ensuring that firms conduct business safely, sensibly and in a way that complies with the slew of financial regulations in the market. As one of the top financial sectors in the world, the UK contributed £119bn to the British economy last year (50% of which came from London), and growth shows no sign of stopping anytime soon. British financial firms handle huge amounts of money and sensitive information every day, and having a strong risk and compliance team is essential for those who want to navigate pitfalls smoothly, grow their business and of course avoid sparking another financial crisis. However, the changing market is also ushering in a new wave of regulations, challenges and opportunities for the sector. With huge advances in technology changing the way in which we work, live and do business, more and more organisations are making the switch to the digital economy, employing new platforms, new software and new methods of making and exchanging money faster and more efficiently than ever before. As a result, the industry is having to adapt to doing business with tools that still aren’t fully regulated, but this represents opportunity as much as danger. With new technologies springing to the forefront that could actually make risk and compliance safer than ever before, the industry is in a state of flux. Here are some of the biggest changes on the way: Blockchain Since first being developed in 2008, blockchain has become a hugely popular way for the heavily-regulated banks to transfer currency in a transparent, efficient and reliable way. Currently, each firm keeps its own records of financial transactions on a ledger that it then reports to regulatory authorities; inevitably, this leads to complications and a lack of transparency. Blockchain is revolutionising this, through the very way in which it is constructed. It is an automatic, online ledger where the industry and regulators can both access transaction records, and where all transactions are locked into a ‘link’ which is impossible to tamper with. As a result, regulatory authorities can easily access all of the information they need, creating an inter-operable environment where risk is reduced, as well as the threat of fraud. Though it would require financial institutions to accept a decentralised method of control, blockchain holds great promise as a form of technology that can offer a safer, smarter way of financial innovation, which is also automatically compliant. RegTech The UK is currently somewhat of a RegTech hotbed, thanks to generous investment from the government, and RegTech is helping to pioneer a simpler way for financial companies to remain compliant and low risk. With new changes like MiFID II and GDPR, around 250 regulatory changes take place every day: RegTech companies aim to solve this by creating a simplified system that’s optimised to help firms and institutions comply with all the new regulations being ushered into law. With numerous RegTech firms specialising in different areas of the market, from Tax Management to Financial Services, the software that they create uses machine learning and AI to extensively map the relevant data and offer both banks and FinTech companies solutions that are tailored to them, which will, in turn, enable them to conduct business in a more compliant way. Though it’s currently in the starting blocks, there’s been a surge in demand for talented programmers and developers in this area, and a recent survey by Thomson Reuters Regulatory Intelligence stated that 75% of respondents had a positive view of RegTech, so it will likely become much more popular over the coming years. Making payments The payment revolution has well and truly landed. With apps like ApplePay and Google Wallet making it easy for people to pay with a wave of their smartphone, new developments like fingerprint scanners and voice and facial recognition is paving the way for an upheaval in consumer authentication. It will even make transactions more secure, thanks to the fact that the vendor never receives a customer’s credit card details. Might we soon be able to pay for things with just our fingerprints? These developments are going a long way to tackling credit card fraud, but also raise a whole host of new issues. Cryptocurrencies, mobile payment services and B2B, are all subject to domestic rules and regulations, but due to their rapid spread, many still remain unregulated. Though efforts are being made to tackle this, keeping up with this will likely be a major concern for risk and compliance companies over the coming years. Cybercrime What bigger risk is there to financial firms than cybercrime? 86% of financial services companies across the UK, US and Europe plan to spend more money on it, which is unsurprising, especially given that the financial sector is one of the most affected by it in the economy. With new ways to process money and data have come new ways to steal it, and tackling this surge in online crime is becoming an increasingly important component of any Risk and Compliance team. However, AI and machine learning are already taking steps to tackling this: by using algorithms to detect anomalous patterns and predict outcomes, AI’s self-learning abilities make it a great tool for detecting threats, and businesses across the UK are being encouraged to adopt it to reduce risk to their business. There’s no doubt that technology will become an important part of any risk and compliance team’s arsenal in the next few years: now, the emphasis will be on these teams to update their software to keep pace with the changing market. Get ready for the future with Marks Sattin At Marks Sattin, we take pride in connecting the brightest minds in the financial services industry to the best jobs. Find out more about what we do; or browse our blog for more insights. Alternately, if you feel inspired, why not take the next step in your career with our selection of vacancies in Risk and Compliance?

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As a sizeable, and growing, portion of the financial services sector - risk and compliance plays a vital role in ensuring that firms conduct business safely, sensibly and in a way that complies with the slew of financial regulations in the market.

Read full article
Nicholas Georgiou

by

Nicholas Georgiou

Nicholas Georgiou

by

Nicholas Georgiou