Compliance Manager
5 days ago
City of London
Bradford Jacobs is supporting a UK-based broker-dealer regulated by the FCA, who are expanding from the US. — we are seeking a highly experienced Compliance Officer to assume the dual responsibilities of SMF16 (Compliance Oversight Function) and SMF17 (Money Laundering Reporting Officer). The firm operates under a non-custodial model and offers a broad range of investment services, including dealing in investments as agent or principal, arranging deals, and placing instruments with institutional investors. The successful candidate will play a critical role in building and maintaining a proportionate and effective compliance infrastructure aligned with FCA requirements and best practices. Key Responsibilities Compliance Oversight (SMF16) • Serve as the FCA-approved SMF16 (Compliance Oversight Function)., • Design, implement, and manage a Compliance Monitoring Programme (CMP) suitable for a non-custodial broker-dealer., • Ensure full compliance with relevant sections of the FCA Handbook (SYSC, COBS, MAR, PRIN, MLRs)., • Oversee all regulatory reporting obligations, including REP_CRIM, GABRIEL/REgData filings, and SMCR attestations., • Work closely with external legal and regulatory consultants to maintain alignment with FCA expectations. Advisory & Business Support • Provide real-time compliance advisory to internal stakeholders across business functions (e.g., sales, trading, capital markets)., • Review and advise on new business initiatives, ensuring regulatory requirements are integrated from the outset., • Monitor changes in the regulatory environment and ensure timely updates to internal policies and procedures., • Lead compliance-related training, including market conduct, AML, and FCA obligations. Governance & Regulatory Liaison • Act as the primary liaison for all FCA interactions, including audits, supervisory meetings, and ad hoc inquiries., • Attend board and governance meetings, delivering compliance updates, risk insights, and regulatory findings., • Maintain and update core compliance documentation, including manuals, breach logs, and regulatory registers. Anti-Money Laundering (SMF17) • Serve as the firm’s Money Laundering Reporting Officer (MLRO)., • Oversee AML and financial crime systems and controls, including suspicious activity reporting., • Maintain and evolve the firm’s AML framework, including risk assessments, training, and internal controls. Experience & Expertise • Previous FCA-approved SMF16 experience is strongly preferred, ideally within a MiFID investment firm or boutique broker-dealer., • 5–7 years of relevant compliance experience within the UK financial services sector., • Strong understanding of the FCA regulatory framework, including COBS, MAR, MiFID II, and AML regulations., • Proven ability to manage regulatory relationships and interact with senior management and board-level stakeholders., • Experience operating in non-custodial models is highly advantageous., • CAMS or similar AML qualification is a plus. Skills & Attributes • High level of professional integrity and independent judgment., • Strong analytical and communication skills with the ability to influence and advise at all levels., • Ability to draft clear, risk-based policies and provide actionable compliance guidance., • Comfortable in a fast-paced, entrepreneurial environment with evolving business models. This is a hybrid model based in London. Salary range: from £97,000 DOE Discretionary bonus + benefits.