Senior Compliance Consultant - Regulatory Hosting - #1099355

Fund services | Corporate | Capital markets | Private client | Regulatory & Compliance

We help clients succeed by unlocking new value through expertise, trust and scale. We deliver solutions that solve complex challenges faced by asset managers, financial institutions, corporates, high net-worth individuals and family offices.

With a curious mindset, we ask the right questions to get to the right solution, faster. We collaborate to win together, sharing successes and shaping the future of our global business. Our culture of support and recognition provides the tools and opportunities for you to grow, while unlocking the most value for our clients and making your mark with Ocorian.

Expertise: We deliver specialist, tech-enabled solutions for our clients grounded on deep industry expertise.

Trust: We’re a trusted partner to over 8,000 clients globally. We are proud to have long-lasting partnerships with our clients.

Scale: With more than 1,500 colleagues, we operate across 20+ countries, our scale enables us to support our clients globally and locally, providing a seamless client experience across borders and service lines.

Summary

This role sits within the Algate Advisors Limited arm at Ocorian. Aldgate Advisors Limited is Newgate’s sister company. Newgate Compliance Limited is a regulatory consultancy working with a broad range of investment management clients including hedge funds, fund of funds, long only managers, private equity, venture capital, institutional brokerage and investment advisers. We also support a number of broking and corporate finance firms.

This role will be reporting directly to the Head of Regulated Services and will be a an experienced support to the regulatory hosting service line. You should have a keen interest in regulation and compliance. Five to seven year’s relevant experience is desired however you will also learn from the wider team, many of whom are experienced ex-regulators. We are a fast moving, growing compliance consultancy firm and the willingness to be flexible as tasks arise will be key for the successful candidate.

Purpose of the Role 

Your role will be wide and varied and you will be expected to be willing to undertake the many tasks that arise when part of a flexible consulting team. The role will be challenging but conversely you will have the opportunity get to see the asset management, corporate finance and broking industries from a unique perspective. A key part of your responsibilities will be in supporting the client advisory team assisting with regulatory work and client meetings.

Main Responsibilities 

• Reporting into the Head of Regulated Services;


• Managing client relationships and incoming queries from the Appointed Representatives;


• Carrying out due diligence on Appointed Representatives and their Approved Persons;


• Undertaking ongoing monitoring and visits of Appointed Representatives;


• Assisting with reporting to the Board on the Appointed Representatives activities and the risk scorings;


• Undertaking financial promotion reviews in line with the rules in FCA Handbook COSB 4 and the Consumer Duty;


• Assisting with FCA approval applications, AR returns and other regulatory transactions;


• Undertaking compliance monitoring tasks such as:
  
  
  • Review and scrutinise returns submitted by Appointed Representatives
  
  
  • Checking the completed tasks, affirmations and registers for each AR
  
  
  • Review accuracy of financial reporting submitted by the ARs
  
  
  • Approving PA deal requests, assigning annual training and issuing overdue task reminders to ARs
  
  
  • Arrange and undertake compliance monitoring visits
  
  
  • Undertake annual AR review
  
  
  
  


• Undertake regulatory tasks such as AR risk assessments, annual compliance manual refresh and annual self-assessment;


• Taking part in client visits, meetings and training sessions;


• Managing and overseeing the work undertaken by the junior team members; and


• Keeping up to date with current regulatory developments and informing clients as necessary.

Competencies 

• Friendly, enthusiastic and willing to learn;


• Ability to work on projects alone or with the team;


• Clear and articulate communicator with the ability to adapt to different environments and personalities;


• Capable of challenging Appointed Representatives on their business models and any associated risks;


• Able to demonstrate judgement and to scrutinise the accuracy of information and financial reporting submitted by the ARs;


• Curious and detail oriented with regards to monitoring;


• Capable of working on-site at client offices using their own initiative; and


• Able to communicate with all levels of seniority within the client’s business.

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All staff are expected to embody our core values that underpin everything that we do and that reflect the skills and behaviours we all need to be successful.  These are:

• 
  We are CLIENT CENTRIC – Clients are at the centre of our world, and we’re committed to providing expertise and specialist solutions to meet their most complex challenges.


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  We are AMBITIOUS – We aim high. We think and act globally, seizing every opportunity to delight our clients and support our colleagues - wherever in the world they may be.


• 
  We are AGILE – We act on our initiative to get things done for our clients. Our independence gives us the flexibility and freedom to keep things simple, efficient and effective.


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  We are COLLABORATIVE – With a curious mindset, we ask the right questions to get to the right solution, for our clients faster. We collaborate to win together and share our successes.


• 
  We are ETHICAL – We behave with integrity at all times and assume positive intent, building trust through responsible actions and honest relationships.