Compliance jobs
The financial services industry has seen many changes over the years with traditional firms being constantly challenged by the evolution of new trends and technologies.
The emergence of digital assets, fintechs and start ups has varied the scope of the once traditional compliance role, making it an increasingly interesting and competitive space to work in.
Every year, new regulations and rules are introduced, meaning compliance professionals must always be on top of the ever-changing sector to properly assess how any regulatory update can affect a business and its activities.
The person leading a compliance regulatory function will have to manage and support c-suite staff, internalise conflicts and exercise supreme judgement in balancing the need to allow its business to flourish in an increasingly complex regulatory environment, whilst avoiding the potentially devastating consequences of non-compliance.
Comliance Teams
Compliance teams can vary depending on the firm, and level of experience needed but can be comprised with the following:
Chief Operating Officer
Head of Legal and Compliance
General Counsel
Head of Compliance
Chief Compliance Officer
Legal Counsel
Compliance Manager
Compliance Officer
Compliance Analyst
Advisory Compliance
Compliance Policy
Monitoring, Testing & Surveillance
Policy/Regulatory Affairs
Main Key Duties
The key duties within a compliance role might change from one type of firm to another, however 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 Skills
As the regulatory function continues to grow the compliance needs in firms have become more robust, meaning compliance professionals may require a niche set of skills.
To flourish within a compliance role these skills are required:
Broader Business Acumen (Product & Technology knowledge)
Interpersonal skills and communication
Problem solving
Attention to detail
Niche candidates and subject matter experts
Need Help Finding a Compliance Role?
Contact our specialists regulatory compliance recruitersor see Rutherford's regulatorycompliance jobs.
Latest jobs in Compliance
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about 16 hours 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...
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about 16 hours 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 su...
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about 16 hours ago
Funds Paralegal
London
About the jobRutherford has been mandated on an excellent opportunity for a Paralegal to join our private equity client's London legal ...
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about 17 hours 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 ...
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about 17 hours 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...
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about 17 hours 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 L...
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about 18 hours 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 com...
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2 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 Lu...
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2 days ago
Data Protection Advisor
London
About the jobRutherford is partnered with a rapidly growing fintech company in search of a Data Protection Advisor to join their Londo...
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2 days ago
Associate General Counsel
New York
$220,000-$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 ...