Compliance Officer
Job description
We're one of the UK's leading investment management companies, with responsibility for over £44 billion of client assets. We've worked closely with clients and their trusted advisers for many years and gained a unique understanding of the specific needs of our clients. Investec Wealth & Investment seeks to deliver exceptional levels of customer service and has been trusted to meet the needs of private investors for almost 200 years. But our eyes are focused on your future. Right now we're a team of over 1400 dedicated professionals located across 14 sites in the UK. We're looking to strengthen our team and need you to come on board and make a difference. The Compliance Officer role is based in Guernsey and sits within the wider Investec Bank Channel Islands Compliance & Risk department (IBCI Compliance). The role offers the opportunity for a long-term career at the firm with the opportunity for personal growth and development. The role holder is responsible for the implementation and ongoing development of the Compliance risk culture including the regulatory frameworks, and systems and controls within IW&I (CI). To partner with the wider Compliance & Risk team in the UK to ensure consistency and alignment. The primary focus is on the domestic Guernsey business undertaken by IW&I (CI), but the role may also involve providing assistance with International initiatives within IW&I, as appropriate. The key objective is to provide an integrated approach to managing regulatory risk across the local Guernsey business (and also business booked on IW&I's Guernsey platform) to ensure a consistent approach in line with Guernsey regulatory and IW&I Group requirements. Assist with the provision of advice to the IW&I (CI) team on regulatory risks and the regulatory frameworks. Provide support on IW&I (CI) interactions with the GFSC on all regulatory matters. Periodic review of existing frameworks (risk assessments, policies, procedures, monitoring programmes). Undertake compliance monitoring (where conflicts permit) and maintain IW&I (CI)'s Compliance Monitoring Programme. Partner with the UK Compliance Monitoring team to leverage coverage as appropriate. Ensure effective MI on regulatory risks are provided to the IW&I (CI) Risk Review Committee. Promote a culture of compliance with internal policies, procedures and regulatory requirements at IW&I (CI) through the provision of training and other activities. Work with UK Compliance and IW&I International to ensure effective collaboration and alignment to global standards. Attending committees, working groups and project meetings as relevant. Monitor Guernsey regulatory developments as they relate to IW&I (CI) and advise on and help implement change as required. Assist with the completion of regulatory reporting to the GFSC, and produce reports as required for IW&I (CI)'s Board and governance committees. Monitor cross-border risk and advise the IW&I (CI) team as necessary, in conjunction with UK Compliance as required. Collaborate with the UK Compliance team on the review and approval of financial promotions and the handling and resolution of client complaints in accordance with Guernsey regulatory requirements. Review the provision of outsourced services where those are undertaken by the UK Financial Crime and Compliance teams. Core Skills, Knowledge and Personal Attributes A thorough understanding of the Guernsey Financial Services Commission regulations applicable to investment management. Experience of providing regulatory advice and/or conducting Compliance monitoring. Strong technical knowledge and expertise in the financial services regulations applicable to wealth businesses. Ability to understand, interpret rules and regulations and to clearly and succinctly articulate their impact in the context of the business environment. Excellent verbal and written communication skills and ability to converse with all levels across the organisation. Confident in ability to represent Compliance as required. Ability to write reports and summarise to a level commensurate for management consumption Good technical, analytical and problem-solving skills, strong attention to detail Ability to multitask and deal with a number of concurrent issues. A self-motivated, quick learner. Demonstrate the highest level of integrity in all matters. Strength of character to be able to represent Compliance as necessary. All candidates MUST hold an employment permit for Guernsey. Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation. We want our people to feel empowered to be themselves in an environment that supports them, enabling them to perform in “out of the ordinary” ways. Our culture places belonging and inclusion at its centre and our work environment is integral to this. If you require any adjustments to support you through the recruitment process, as well as supportive and flexible working arrangements to help you succeed with us, please let our recruitment team know. Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch!
