The Chief Compliance Officer is responsible for overseeing the firm's compliance framework, identifying areas of regulatory risk and ensuring the firm operates a robust control structure and a Compliance Programme that promotes a proactive compliance culture and prevents illegal, unethical or improper conduct.

As SMF16, the Chief Compliance Officer is responsible for the firm's obligations in relation to individual conduct rules, including training and procedures to handle conduct issues with timely and accurate reporting to the FCA where required.

The Chief Compliance Officer is responsible for regulatory horizon scanning, raising internal projects to manage regulatory change where required, and keeping the Board informed of regulatory risk and compliance initiatives. The Chief Compliance Officer is also responsible for ensuring that staff and representatives of the firm at all levels understand and comply with applicable rules and regulations through the provision of guidance, advice and training.

Responsibilities:

• Maintain a compliance framework that promotes a proactive compliance culture within the firm, identifies and manages the regulatory risk relevant to the business and supports the firm by the operation of an effective compliance control environment
• Such framework should include the completion of risk assessment, maintenance of key compliance registers (inc. breaches, conflicts, complaints) and management of control room functions
• Initiate, develop, maintain, and revise policies and procedures that ensure the firm complies with its regulatory requirements and prevents illegal, unethical, or improper conduct
• Ensure the operation of a Compliance Programme that monitors for day-to-day adherence to the firm's policies and procedures, identifies areas of weakness and advise on process improvements where required
• Conduct periodic and themed reviews across the business and support units
• Respond to potential breaches of rules, regulations, policies, procedures, and conduct standards by evaluating or recommending the initiation of investigative procedures and remedial steps
• Provide guidance to management and employees on the applicability of regulatory requirements in the context of the businesses activities
• Ensure the firm's SMCR and conduct framework continues to be appropriate and relevant to the firm's activities at all times
• Participate as a member of the New Product Committee to advise on regulatory requirements relevant to future planned products and material platform changes
• Operate a regulatory training programme relevant to the Board, senior management and all employees to ensure compliance requirements are understood in the context of individual roles and responsibilities
• Collaborate with other departments to implement controls, identify, investigate and resolve potential areas of vulnerability and compliance risk
• Monitor for key regulatory changes relevant to the businesses activities, raising requirements for new projects to implement future changes in regulation
• Report to the Board, Board Audit, Board Risk Committee and Executive Committee on a regular basis, and as directed or requested
• Participate in Board and Board Committee meetings as required
• Keep senior management informed of the operation and progress of compliance efforts
• Ensure the compliance department functions as an independent and objective body
• Manage the team, ensuring sufficient resources, conducting appraisals, identifying staff development and training needs
• Prepare annual budgets relevant to UK Compliance activities and ensuring adherence to the approved compliance budget throughout the financial year
• Act as central point of contact with the FCA and other regulatory bodies relevant to the firm, responding to queries and ensuring consistent and transparent communications at all times
• Ensure the firm's regulatory permissions, regulatory filings and staff registrations of staff are accurate and up to date at all times
• Represent compliance for the purposes of internal and external audits relevant to the compliance function

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