Regulatory Compliance Analyst

Regulatory Compliance Analyst

The Regulatory Compliance team works within the Compliance function and its role is to ensure the firm operates in compliance with FCA (& EU) regulation.

The teams aim is to educate the business about regulatory risks and requirements, ensuring the firm avoids conduct or cultural failings, enforcement action, fines and reputational damage to the firm and/or its employees and greater legal and regulatory scrutiny. 

The Compliance function has responsibility for FCA reporting, management reporting, risk assessment and development of a risk-based monitoring programme, advisory responsibilities including providing support for staff training and providing day-to-day assistance for front office staff, participating in the establishment of new policies and procedures.

The Regulatory Compliance Analyst works within the Regulatory Compliance team and will be responsible for primarily enhancing the monitoring and surveillance program (excluding AML related matters) to meet the regulatory requirements of MEL and MEM.  This will include developing oversight of pricing and execution, record keeping, improving surveillance of the activities of the dealing and sales teams, involvement with implementation and set up of appropriate surveillance technology as well as staff training in general. Also acts as the first point of contact for general regulatory compliance queries from the business, day-to-day provision of compliance advice and guidance.

• Build relationships with the front office to enhance their awareness of regulatory obligations;
• Build awareness of the firm’s relevant processes and procedures to ensure the front office understand their obligations as the first line of defence;
• Work alongside other members of the Compliance team to develop a robust monitoring/testing plan, making the most effective use of resources
• Execute compliance reviews;
• Provide classroom-style training on relevant topics to the Front Office;
• Monitor Front Office activities in general for conduct and adherence to rules, analysis of issues identified, escalate where necessary and agree actions to address;
• Test controls to make sure the business is operating in a compliant manner;
• Provide MI on surveillance, liaison and training activities;
• Provide input and assist with testing and the development of new systems;
• Provide project type support focused on remediation of specific areas of the Regulatory Compliance Departments monitoring oversight;
• When in its capacity as a second line of defence the department has identified weaknesses in the first line of defence that needs a compliance led solution, the Regulatory Compliance Analyst takes the project lead for such remediation
• Collaborate with team to ensure that policies and procedures accurately reflect practice;
• Ad-hoc generalist Compliance, monitor team inbox and cover of other staff members;
• Influence and improve conduct and culture throughout the business.

Your role is a Code of Conduct (COCON) role. You are required to act in accordance with the ‘Monex Code of Conduct’ as detailed in your contract of employment, the Employee Handbook and its related policies.

Key Responsibilities & Accountabilities:

Compliance Globally

• Compliance obligations for London offices of MEL and MEM, involvement with European Offices, MCI Canada and MonFX Singapore.

Assist the Regulatory Compliance Manager and Chief Compliance Officer with carrying out their responsibilities:

Compliance Culture

• Establish good working relationships with front office and all other departments so that Compliance is seen as an effective second line of defence providing a professional internal guidance and advisory service;
• To set the tone to achieve a high profile promotion of compliance requirements across the business.

Compliance Training

• Ensuring that all employees are trained in accordance with Compliance policies & processes (e.g. AML, CTF / Financial Crime, Anti-Bribery, Conflicts of Interest etc.);
• To arrange for the provision of bespoke compliance related training to the Board and senior management team (as applicable);
• Ensuring a high standard of record keeping requirements is observed on an ongoing basis (e.g. Registers for Gifts & Entertainment, Conflicts of Interest, Outside Business Interests, Breaches and PA Dealing etc.) and that accurate Compliance Training records are maintained.

Compliance Change

• Play a key role in the establishment of the Regulatory Compliance Framework, writing new policies and procedures.
• To take the lead role in the implementation of changes driven by current and forthcoming regulatory requirements.
• Conduct horizon scanning and implement regulatory changes as required.

Compliance Monitoring

• Responding to and/or coordinating responses to regulatory enquiries.
• Monitoring for breaches of regulation and policy, and escalating these appropriately

Technology & Data:

• Ensuring accurate and up to date Compliance records are maintained (including version control) (e.g. Self-Certification, F&P Assessments, Compliance Training Logs etc.);
• To provide concise and meaningful management information to the firms executive and Board & Senior Managers, e.g. Monthly compliance reports, Quarterly Board reporting etc.;
• Ensuring the company is GDPR compliant (in relation to Client Data only).

Business Knowledge / Technical Skills:

• Previous experience of working within in a regulated investment firm Compliance Department;
• Proven track record of providing pragmatic regulatory advice and implementation solutions to first line of defence;
• Strong knowledge of FCA Regulations, PSR, MiFID II, MAR and EMIR etc.;
• Strong knowledge of the regulatory environment in which an FX and Payment  firm operates;
• Able to demonstrate a clear understanding of the purpose compliance within a regulated environment;
• Extensive knowledge of derivatives;
• Competent in horizon scanning future regulations.

Leadership / Management Skills:

• Leads by example, embodying the culture and values of the Company
• Cultivate an environment of psychological safety, innovation, creativity and increased productivity
• Able to anticipate issues and risks and mitigate accordingly
• Credibility in dealing with clients and colleagues across a complex organisations with different cultures and geographies
• Ensuring and maintaining the standard of all documentation for their department’s systems, controls, policies and processes
• Maintenance of decision making records