Compliance Executive

Team: Operations

Location: London, UK

Employment Type: Permanent

Salary: Competitive

Closing Date: 10 February 2018

Compliance Executive

Our Mission

  • Our mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places.
  • We aim to invest in countries where we can have the greatest impact. In countries where the private sector is weak and jobs are scarce.
  • We invest in sectors where growth leads to jobs – both directly and indirectly. In sectors such as manufacturing, agribusiness, infrastructure, financial institutions, construction, health and education. Last year, the businesses we invest in created more than a million jobs. 
  • We are successful because we are a high quality investment organisation, using the best commercial skills and judgement to make investments in great companies and support them to grow over the long term.  We therefore want to attract people with these skills but who are motivated to use them to dramatically improve the private sector in Africa and South Asia
  • For further information, please visit our website cdcgroup.com

The Role

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 Business Integrity and 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 the risk that CDC might be used to further financial crime, and working to enhance private sector standards in financial crime management in our target geographies.

 

  • The Compliance Executive will be focused on the effective management of regulatory compliance risk and the design, implementation and adherence to the compliance of CDC’s operations. This includes drafting/revising Policy based on regulation and understanding of industry best practice, as well as managing staff inquiries.  In addition, the Executive may be required to provide support to the team’s Business Integrity functions, such as diligence, KYC and screening of investee companies.

 

Key Responsibilities

  • Handle compliance matters and queries arising from CDC’s operations in relation to FCA regulations, data protection and the Freedom of Information Act. This includes compiling all relevant FCA regulatory returns and managing all data protection or Freedom of Information Act requests.

 

  • Oversee and support the implementation of CDC’s KYC documentary processes and systems including the sanctions monitoring systems.

 

  • Manage, and oversee all reports received through CDC’s Whistleblower and Complaints systems which may include supporting any investigation into such reports.

 

  • Ensure the effectiveness of current policies, procedures and controls by undertaking 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 which support the 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, to include the annual AML, ABC and Compliance training programmes.

 

  • Keep abreast of UK compliance requirements and industry best practice relevant to CDC’s operations as well as understanding the compliance obligations in the other countries in which CDC operates, and assist in responding to regulatory change where required.

 

  • Research the regulatory implications of new products or initiatives being considered by CDC

 

  • Develop the investment teams’ knowledge of compliance requirements by delivering tailored training and updates at team meetings.

 

  • Assist in the preparation of MI reports on compliance and regulatory issues for senior management ahead of board and senior management meetings.

 

  •  Support the team’s internal and external communications programme. This will include managing the Business Integrity and Compliance intranet site.

 

  • As and when required, provide support to the work of Business Integrity. This may include conducting research or undertaking monitoring commitments for portfolio companies which involves helping prepare materials, collecting data and organising monitoring schedules. 

 

 

The Candidate

Background

Essential:

  • Detailed knowledge of FCA compliance requirements for UK regulated financial institutions, particularly in private equity, asset management or investment banking;
  • Over 5 years’ experience in managing compliance issues in a UK regulated financial institution, with at least 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;
  • Interest in developing knowledge and experience in one or more of the team’s focus areas: anti-corruption, anti-money laundering and counter terrorist financing (AML/CFT);
  • University degree and preferably a postgraduate qualification in a relevant discipline.

 

Technical Skills

  • Sound knowledge of the FCA handbook, in particular PRIN, SYSC, COCON, COND, APER, COBS, CASS, and MAR as applicable;
  • Knowledge of a range of compliance methodologies, tools and techniques;
  • Experience in developing policies and procedures as well as preparing and delivering training;
  • Detailed knowledge of KYC documentary and EDD requirements would be advantageous;
  • Preferable experience in private equity, asset management, investment banking or alternative investment fund management;
  • 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;

 

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

  • Financial Crime compliance, preferable in private equity, wealth management, or investment banking;
  • Managing fraud, AML/CTF, sanctions or anti-corruption issues within the UK financial services sector.
  • Research and investigations around financial crime issues, such as customer or transaction due diligence experience

 

Personal Skills

  • Systematic approach to work with an attention to detail;
  • Clear ability to look and plan ahead;
  • Proactively identify and address issues;
  • Ability to work independently and develop solutions to issues;
  • Capability to identify and assess strategic implications of issues;
  • Proficient in managing diverse views and developing a consensus around standards; solutions-focused;
  • 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 is 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.

 

CDC Identities

  • We look for candidates who share our culture and reflect our identity, the CDC identities are described as follows:
  • Compassion is central to everything we do
  • We owe our clients and prospective clients a fast and thoughtful process
  • We accept the tough challenges inherent in our mission
  • We are quick and non-defensive when things go wrong
  • We oppose bureaucracy
  • We never forget that we are investing and spending tax payers’ money
  • We promote a fulfilling work environment

 

Please submit a cover note with your application.

Posted on 11 January 2018

Closing on 10 February 2018

Salary: competitive

 
 
Apply now