Compliance Associate

Division: General Counsel and External Relations

Location: United Kingdom, London

Employment Type: Permanent

Salary: Competitive

Closing Date: 30 January 2022

Compliance Associate

Our mission

  • CDC is the UK’s development finance institution. Established in 1948 we invest in the most challenging markets of Africa and Asia with the aim of supporting economic development.
  • CDC has net assets of £6.8bn and a portfolio of £5.2 billion. In 2020 we committed over £1.22 billion of capital to business in Africa and Asia and are now invested in 1,200 businesses which directly employ over 875,000 workers and support many more.
  • CDC is a Public Limited Company and is wholly owned on behalf of the UK government by the Foreign, Commonwealth & Development Office (FCDO).
  • In the last few years, we have expanded our presence in Africa and Asia by opening new offices in Bangladesh, Egypt, Kenya, Myanmar, Nepal, Nigeria and Pakistan with additional locations opening soon.
  • At CDC, we take an entrepreneurial approach to investment. We think innovatively about ways to deploy our capital, attract and mobilise other investors, and drive transformational impact.
  • Primarily, CDC invests through direct equity, direct debt and funds products to achieve impact and a financial return which is reinvested into more businesses. We aim to create jobs and accelerate economic prosperity and focus on sectors that will do this; manufacturing, food and agriculture, infrastructure, financial institutions, construction, health and education.
  • CDC works with like-minded ambitious people who are primarily motivated by our mission to deliver impact. We are a growing team of over 485 and place immense value on diversity within our organisation.
  • Read more about us on our website cdcgroup.com

 

Team and role overview

The regulatory compliance function comprises of a Compliance Manager and 2 Compliance Associates focused on FCA Compliance.

 

Purpose

  • CDC is regulated by the FCA as a MiFID exempt Venture Capital firm. It conducts business on its own account and does not hold client assets.
  • The regulatory Compliance team plays an important role in reinforcing CDC’s reputation as a responsible investor; ensuring CDC meets its regulatory commitments with respect to the FCA, having systems and controls in place to counter compliance risks.
  • As part of CDC’s compliance team, the Compliance Associate will support the effective management of regulatory compliance risk and the design, implementation and adherence to the compliance arrangements of CDC’s operations. In parallel, the Associate will promote the importance of regulatory compliance both within and outside of CDC. 

 

Responsibilities

  • Assist in supporting the handling of compliance matters and queries arising from CDC’s operations in relation to FCA regulations. This includes compiling relevant FCA regulatory returns and managing the Compliance inbox
  • Undertake monitoring of selected areas in line with a compliance monitoring programme and assist with the ongoing enhancement of that monitoring. Support in facilitating the identification, assessment and mitigation of Compliance risks, and manage the updates to the Compliance risk registers as required. This will include managing and operating IT systems that support CDC’s compliance programme.
  • Assist in the drafting and updating of firm and group wide policies and procedures and deliver compliance training to the business.
  • Keep abreast of UK compliance requirements relevant to CDC’s operations as well as understanding the compliance obligations in the other countries in which CDC operates.
  • Support the development of the investment teams’ knowledge of compliance requirements through designing and as appropriate, delivering tailored training and updates at team meetings.
  • Support the management of all reports received through CDC’s Whistleblower inbox which may include assisting any investigation into such reports.
  • Assist in the preparation of MI reports on compliance and regulatory issues for senior management ahead of board and senior management meetings.

 

The Candidate

Background

Essential:

  • Effective knowledge of FCA compliance requirements for UK regulated financial institutions, particularly in private equity, asset management or investment banking;
  • Over 3 years’ experience in dealing with compliance issues in a UK regulated financial institution, preferably with two years in private equity, asset management or investment banking; Experience with operations across multiple jurisdictions and experience with an alternative investment fund manager would be advantageous.
  • Demonstrated interest in emerging markets, especially CDC’s target geographies in Africa and South Asia;
  • University degree and preferably a postgraduate qualification in a relevant discipline.

Technical Skills

  • Working knowledge of the FCA handbook, in particular PRIN, SYSC, COCON, COND, APER, COBS, CASS, and MAR as they apply;
  • Knowledge of a range of compliance methodologies, tools and techniques;
  • Experience in developing policies and procedures as well as preparing training.
  • Understanding of the management of conflicts of interest and market abuse controls
  • Preferably experience in private equity, asset management, investment banking or alternative investment fund management.

Desirable - Experience in at least one or more of the following:

  • Experience in managing compliance across offices in several different jurisdictions including emerging market jurisdictions;
  • Existing thematic knowledge of integrity and compliance issues in CDC’s target geographies would be beneficial;
  • Experience in the delivery of training programs
  • Experience in market abuse prevention; and
  • Capital Markets experience would be advantageous

Personal Skills

  • Systematic approach to work with an attention to detail;
  • Clear ability to look and plan ahead;
  • Proactively identify and address issues;
  • Capability to identify and assess strategic implications of issues;
  • Proficient in managing diverse views and developing a consensus around standards;
  • Demonstrated ability to independently manage and prioritise a busy and diverse workload with a range of deliverables for a variety of stakeholders;
  • Confident and articulate, with excellent written and verbal communication skills;
  • Strong team player who enjoys working as part of a close team and willing to collaborate and support the team on a variety of different initiatives and tasks;
  • Highly motivated and results driven;
  • Sound research and analytical skills;
  • Good report writing ability;
  • Competency in one or more languages relevant to CDC’s target geographies would also be an advantage.

 

Our cultural values

We look for team members who aspire, as we do, to work at our best and to be:

  • Impact-led, commercially rigorous
  • Tenacious in the face of challenges
  • Collaborative and caring

 

CDC is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background. 

 

Please provide a cover letter with your application

Salary: Competitive

Apply now