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.
Compliance Teams
Compliance teams can vary depending on the firm and level of experience needed but can be comprised of 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, for example, an aml compliance job requires a different skillset from compliance attorney jobs, however, the core responsibilities will usually include, but are 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. However 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 in the US?
Contact our specialists' US regulatory compliance recruitersor see Rutherford's US regulatorycompliance jobs.
Latest jobs in Compliance
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1 day ago
Regulatory Reporting Officer (Contract)
London
Our ClientOur client, one of the world's leading buy-side firms, is currently looking for a Regulatory Reporting Officer on an interim ba...
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3 days ago
Trade Surveillance Analyst
London
Our ClientOur client, a leading quantitative hedge fund, is currently seeking a Trade Surveillance Analyst to join its London office. Th...
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3 days ago
Associate Recruitment Consultant
London
Rutherford is currently looking to hire experienced Associate Recruitment Consultant to support the continued growth of its numerous des...
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3 days ago
Compliance Business Partner
London
£90,000
Our ClientOur client, a leading global insurance broker, are looking for a Compliance Business Partner to join their investments team.H...
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3 days ago
Compliance Manager
London
£65,000
Our ClientOur client, a fast-growing insurtech, is currently looking for a Compliance Manager for their London office. This role report...
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3 days ago
Compliance Monitoring Executive
London
Our ClientOur client, a leading regulatory platform based in the UK and Europe which manages 20bn+ in assets, is currently looking for a...
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3 days ago
Compliance Officer
London
Our ClientOur client, a macro hedge fund, is seeking a Compliance Officer to join their Compliance department in London on a permanent b...
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3 days ago
Compliance Monitoring Executive
London
Our ClientOur client, a leading regulatory platform based in the UK and Europe which manages 20bn+ in assets, is currently looking for a...
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3 days ago
Compliance Associate
London
Our ClientOur client, a leading private equity firm, is seeking a Compliance Associate to join their London offices.Main DutiesKey res...
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3 days ago
Head of Compliance Projects
London
£140,000
Our ClientOur client, a leading wealth management firm are looking for a senior compliance professional for a Head of Compliance Project...