eFinancialCareers

• Company

  Maxis Securities Ltd

• Location

  UK-London

• Compensation

  Plus Benefits

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  24 Nov 2009

• eFC Ref no

  585150

Monitoring business activity and conducting regular reviews to ensure compliance with the FSA rules and regulations, relevant guidelines and policies, analyzing regulatory changes and developing a framework of internal codes, policies and procedures and implementing best practice.

Duties and Responsibilities

-Carrying out regularly assessments of capital adequacy of the firm to cover the nature and level of the risks which the company is or might be exposed.

-Identifying the major sources of risk to the Company’s ability to meet its liabilities as they fall due.

- Conducting day-to-day, intra-month and month end compliance monitoring checks

- Conducting systematic reviews of the business to meet regulatory and business needs

- Designing additional reviews where changes in operating processes or regulatory requirements present new challenges

- Drafting compliance review reports and establishing internal operating procedures

- Assisting dealing and investment management staff with relevant compliance issues (e.g. trade allocation, best execution, conflicts of interest management, WHT, new markets)

- Remaining abreast of relevant regulatory developments and their implications for the Company

 

- Maintain and monitor the Company’s Compliance Manual and  Compliance Monitoring Program and liaison with all business areas including employee training as required

 

- Report on findings of the compliance monitoring programme with suggested recommendations

- Ensure employees are issued with and return the required compliance documentation

- Review client verification documents

-Review counterparty account opening documents and counterparty risk

- To ensure compliance information is held securely and that record keeping requirements are adhered to

- To assist with ad hoc projects


 

Skills & Attributes

Educated to at least degree level, preferably a degree in law

Good working knowledge or strong interest in compliance with FSA guidelines and regulations, specifically COB, GENPRU, BIPRU, MiFD

A team player as well as being able to work on own initiative

Self motivated with strong analytical skills

Good reporting and presentation skills plus have a willingness and capacity to learn.

A “can-do” attitude and thrive on challenges. 

3-5 years of previous experience in a CF10 & CF11 role within a bank/financial institution and/or in a risk management/regulatory compliance departments of a financial consultancy/audit firm, or regulatory authorities.