Compliance Manager and MLRO

THE COMPANY
A.C.T is a private client-centric group of companies based in Mayfair that provides wealth structuring and advisory services to its clients. Please see our website Click to view for further information.

THE ROLE
We are looking for a well-rounded self-employed/freelance COMPLIANCE MANAGER AND MLRO to work remotely in the Philippines, able to think out of the box and with a firm grasp of the needs of a diverse portfolio of clients and become a team player working in co-ordination with the leadership team of the A.C.T. group.

THE KEY OBJECTIVES OF THE ROLE ARE:

The successful candidate will be responsible for compliance and MLRO functions.
• Drive compliance of the A.C.T. Group with all UK Financial Services and Data Protection legislation, regulations, and applicable codes of practice under the ICAEW, ACCA and FCA. Develop internal processes and procedures, in line with the requirements of the relevant legislation and the relevant industry guidance applicable in the UK.
• Identify potential areas of compliance and money laundering vulnerability and risk and develop/implement corrective action plan(s) for resolution of problematic issues and provide general guidance on how to mitigate and avoid the identified risks recurring.
• Provide the Group with compliance advice and financial services compliance support on client projects.
• Actively promote compliance awareness within the Group, and the development of a positive risk and compliance culture, including the provision of regulatory compliance, AML and risk-related coaching to the business as required.
• Review and analyse new UK legislation and regulation, engage with the business (and external specialist/professional providers (e.g., lawyers/consultants) if necessary to assess the impact on the business of the Group, and plan the implementation of regulatory change and embed the same within the Group as well as within their policies and procedures.
• Implement effective issues and actions tracking, with appropriate escalation and reporting, for open risks relating to the Group’s regulatory compliance risk profile.
• Maintain and analyse regulatory compliance key risk profile and control data to inform and support reporting on internal regulatory controls.
• Establish and maintain appropriate compliance/AML risk-based monitoring plans and processes that are proportionate to the Group operation’s scale, nature, and complexity.
• Manage and monitor the effective implementation of compliance-related policies, including sole responsibility for the maintenance of all registers and logs required.
• Planning and periodic delivery of a financial services compliance risk training program (to cover general compliance, UK AML/CFT, UK financial crime requirements) for both new and existing staff as required.
• Represent the Group with all external agencies, e.g., regulators or law enforcement agencies, and in any other third-party inquiries related to money laundering prevention, investigation or compliance concerning the Group.
• Promptly respond to any reasonable request for information from the regulator and/or law enforcement agencies.
• Responsible for preparing and submitting the required Compliance regulatory returns, notices, and reports concerning the Group to the PRA and FCA (when applicable) and to any other appropriate regulatory or accrediting bodies promptly.
• Overall responsibility for the Group’s policies and procedures for countering the risk that the Group might be used to further financial crime.
• Regularly review the effectiveness of money laundering compliance policies and procedures to prevent money laundering and counter the financing of terrorism.
• Develop and maintain the Group’s anti-money laundering and counter-terrorist financing policy in line with evolving statutory and regulatory obligations
• Ensure all internal suspicious activity reports received by the Group are investigated without delay.
• Ensure that all relevant staff within the Group and undertaking work for the Group are adequately trained in UK anti-money laundering and terrorist finance prevention, that the standards and scope of the training are appropriate, and that appropriate training records are kept.
• Act as coordination point at the Group for Data Subject Access Requests, ensuring that they are managed within prescribed time-scales.
• Any other tasks as directed by the Leadership Team
KNOWLEDGE, SKILLS & QUALIFICATIONS

• A minimum 5 years of proven relevant financial services industry experience ideally at a TOP 10 tax and accounting firm in the Philippines
• Hold a relevant professional qualification (law or accounting)
• Detailed working knowledge in the Financial Services sector of AML rules and associated guidance
• Strong organization skills;
• Fluency in at least 1 of the major European languages (Spanish, Italian, French, German, Portuguese or Turkish) ideal
• Systematic approach to work with demonstrable ability to work independently and deliver to deadlines, whilst maintaining attention to detail
• Excellent level of Microsoft Office Suite

COMPETENCIES
• Strong entrepreneurial streak and willingness to be part of a small team
• Have a ‘can do’ attitude
• Outstanding organisational skills
• Street wise with superior negotiation skills and the confidence to challenge where required.
• Project management experience ideal.
• A self-starter, adaptable person with problem solving mentality
• Confidence to ask questions and/or seek solutions
• Ability to maintain confidentiality and handle highly sensitive information.
• Outstanding organisational skills.
• Refined interpersonal skills, with the ability to form good working relationships with key clients, investors and other parties including UHNWI, celebrities and peers
• Ability to remain firm yet polite and professional when dealing with difficult issues.
• Ability to work in a fast paced international environment.
• Takes responsibility and accountability for own work.
• Works in a cooperative, respectful manner with colleagues, clients and the wider community
Immediate Start.

Remuneration: according to experience