Compliance Officer jobs in United Kingdom
Because of the nature of the work, compliance officers traditionally come from a legal or finance background, with associated degrees. The sector is getting increasingly competitive, as being a compliance officer is seen as an attractive career, but individuals in compliance can still hail from diverse backgrounds as regulatory departments are more and more seeking complimentary technology and data skills.
Being a compliance officer can be a demanding job and it can be tough to keep on top of regulatory or legal changes in the financial services sector. The ability to stay on top of things and to manage people well are hallmarks of a good compliance officer. They need to be there for the front office staff, but also for the C-Suite, especially when operating as a Chief Compliance Officer, General Counsel or Chief Operating Officer.
Main Key Duties
While a Compliance Officer’s key duties might change from one type of firm to another, its core responsibilities will usually include, but not be limited to, the following:
Fostering an ethical culture at the firm
Avoiding fines and other penalties from the regulating body (FCA in the UK, SEC in the US)
Creating, monitoring and reporting on internal policies and processes: IT, Strategy, OH&S (Occupational, Health & Safety), KYC (Know Your Customer), PEP (Politically Exposed Person) and Sanctions
Legal research and anticipating future changes
Leveraging future changes in regulation
Reviewing marketing material and disclaimers
Training sessions to staff
Answering “can we do X?” questions from the C-Suite and front office
Conducting internal audits
Assisting with disciplinary proceedings
Reporting to the regulator
Making sure that advice considers business objectives
Prepare and file regulatory reports with the FCA
Main Required Skills
Broader Business Acumen (Product & Technology knowledge)
Interpersonal skills and communication
Problem solving
Attention to detail
Niche candidates and subject matter experts
United Kingdom
The United Kingdom is the amalgam of Great Britain (which comprises England, Wales and Scotland) and the northern portion of Ireland. Its capital, London, is known as Europe's financial hub, and one of the world's most cosmopolitan cities. The United Kingdom is also known for other major cities, like Birmingham, Liverpool, Manchester, Belfast, Edinburgh, Glasgow and Cardiff.
The UK has made significant contributions to the world, most of them being cultural. Literature, theatre, musicals, film, television, music - many big names in these fields are from the United Kingdom.
Financial Services Sector in the UK
The United Kingdom - and more specifically, its capital London - has always been considered a world financial hub. Its financial services sector is quite massive: in 2018, it contributed £132 billion to the overall UK economy. It is known to be London's largest sector, with 1.1. million jobs in 2018. The city is also known for its huge amount of foreign banks: in the beginning of the 20th century, London had more foreign banks that any other city in the world.
Getting around
Traveling and getting around the UK is easy for anyone, thanks to its extensive and efficient public transport system, which allows you to go anywhere in the blink of an eye. Because the country is relatively small, journey times are always reasonable: for example, getting from London to Edinburgh is a 4-hour journey if you decide to take the train.
In major cities like London or Manchester, you will also find an extensive public transport system, which includes bus, tube, train, boats, and other alternatives. Getting from one point to another is extremely easy, especially if you have a traveling application like Citymapper or Google Maps on your phone to help you find the fastest - or cheapest! - journey.
Latest jobs in Compliance
-
9 days ago
Compliance Officer
London
About the jobWe have been mandated with an exciting opportunity for a Compliance Officer to join our Wealth Management client's team in ...
-
9 days ago
Compliance Analyst
London
About the jobWe are currently working on a Compliance Analyst search for a global asset management firm headquartered in the UK. The s...
-
9 days ago
Compliance Associate
New York
$200,000 - $250,000
About the jobRutherford is exclusively partnered with a leading multi-strategy hedge fund that are looking for an Attorney in their New ...
-
9 days ago
Chief Compliance Officer
Dubai
We are mandated on a search for a global digital assets exchange in Dubai. The firm are looking for a Chief Compliance Officer to build ...
-
9 days ago
Compliance Officer
Luxemburg
About the job We have been mandated on an exciting opportunity for a Compliance Officer to join our Asset management client's team in ...
-
13 days ago
Compliance Associate
New York
$100,000 - $130,000
Our ClientRutherford are partnered with an expanding multi-strategy hedge fund ($10bn AuM) that are looking to hire into their NY co...
-
15 days ago
Compliance Officer
Luxemburg
About the jobWe have been mandated on an exciting opportunity for a Compliance Officer to join our Asset management client's team in Lux...
-
15 days ago
Data Protection Advisor
London
Rutherford is partnered with a rapidly growing fintech company in search of a Data Protection Advisor to join their London team. This po...
-
15 days ago
Associate General Counsel
New York
$220,000 to $300,000
About the job Rutherford is exclusively partnered with a global fund managing over $100 billion in AUM, seeking an Attorney to join its ...
-
15 days ago
BSA Officer
New York
$160,000 to $200,000
About the jobRutherford has been retained on a senior financial crime search for a global payments firm . This role will lead the firm'...