Role details

Head of Compliance, Trading, Commodities

London   •  Permanent

Bullet points

  • This Head of Compliance, Trading, Commodities role seeks a candidate
  • with experience of dealing with commodities, having previously held CF10/11

About Our Client

This Head of Compliance, Trading, Commodities role is based in London and sits within a large, global firm that specialises in providing raw materials to numerous different industries across the globe.

Job Description

This This Head of Compliance, Trading Firm, Commodities role is a broad, Head of Compliance position, the successful candidate will eventually be registered as the company's CF10/11 (SMF16/17).

Although globally the company is very large, the office in London is relatively small, around twenty people sit in the office. This is a broad, stand alone role, which covers every aspect of compliance. The role reports in to the head of legal and compliance in the US.

  • Register immediately with the FCA as the CF11 Money laundering reporting function and register within one year as the CF10 Compliance oversight function ;
  • Keep abreast of regulatory developments and keep business advised about changes pertaining to the business;
  • Assist with the management of regulatory relationships, including visits, investigations, enquiries, and routine reporting;
  • Monitor changes to existing or new business practices and products to ensure that compliance guidance, training and oversight are changed accordingly;
  • Assist the business in complying with all relevant UK regulations and provide the necessary advice and guidance to help ensure that appropriate operating procedures and controls are in place;
  • Provide proactive regulatory advice to business managers and support functions;
  • Act as the key liaison with the FCA; respond to FCA correspondence and queries;
  • Assist in preparation of FCA related returns, including but not limited to -
  • FCA001, 2, 33, 39, 40
  • System Control Questionnaire
  • Daily Financial Resources Calculation;
  • Update and maintain FCA records;
  • Act as the Money Laundering Reporting Officer having oversight for all aspects of reporting for Anti-Money Laundering compliance. Liaise with regional offices where necessary and help to manage change;
  • Work with other departments in relation to the application of rules and regulations to their function;
  • Ensure the implementation of the Know Your Customer program for all sites in the UK;
  • Administer the KYC program;
  • Ensure the implementation of the Anti-Money Laundering policy, including training of employees at all sites in the UK;
  • Develop and deliver training to all staff on compliance matters;
  • Act as the key liaison with the internal Financial Reporting Compliance function ("FRC") and co-ordinate with departments to ensure meeting FRC deadlines, FRC related tasks include:
  • Plan samples for FRC testing cycle
  • Maintain and update documentation for FRC SAP submission;
  • Work with the Regional Controller to develop and maintain Departmental policies and procedures, which are consistent with Group's global policies;
  • Lead or support compliance related projects as and when required;
  • Update and maintain the list of FCA authorised persons and lists of authorised traders
  • Provide oversight and spot check the Daily EMIR Threshold Calculation
  • Contact person for the regional platform compliance function, in particular with respect to Trade Controls (trade sanctions regimes)

The Successful Applicant

  • Bachelor's degree in Law is preferred, however Accounting, Finance or a closely related field are also acceptable;
  • Experience in a similar function, commodities knowledge, previously held CF10/11 for a trading firm ideally
  • Proven aptitude to independently learn about the rules and regulations pertaining to the business, with the ability to provide practical and immediate interpretation of regulations in the context of the firm's business activities;
  • Knowledge of FCA Handbook and guidance, Futures & Option exchange rules, MiFID II, EMIR, MAR, the IOSCO Principles for Financial Benchmarks and other applicable regulations is beneficial;
  • Demonstrated change agility, with an ability to adapt to a changing environment and the willingness to continuously learn;
  • Be well organised with an ability to prioritise effectively;
  • Display strong attention to detail at all times;
  • Ability to make decisions as to which transactions are permitted and which are not, including deciding when to escalate a matter to Senior Management;
  • Proven willingness to take the initiative, including with respect to communication with peers and Senior Management, development of project plans as needed;
  • Demonstrated follow-through;
  • Demonstrated ability to effectively influence and communicate and interact with all levels of personnel and management including appropriate oral and written presentations; and
    • Developed proficiency in the following competencies must be evident and demonstrated:Collaborate for Achievement
      • Develop Self and Others
      • Communicate Effectively
      • Embrace Diversity.

What's on Offer

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