Head - Compliance Monitoring – Investment Compliance - Fidelity Worldwide Investment - London

Job description
About London Investment Compliance
London Investment Compliance, which is part of a global Investment Compliance team, is responsible for providing portfolio and trading desk monitoring, compliance advice and support to the UK and European based investment teams, including fund managers, research analysts, trading desks, corporate finance and their respective support groups. The department primarily takes responsibility for advice and monitoring of European Equity and Fixed Income, as well as associated derivative, activities but also provides services to the Fidelity Solutions and Real Estate Investments teams.



Purpose of your role
This is a new role reporting to the Head of Investment Compliance. We are seeking an experienced Head of Compliance Monitoring to further develop the existing Front Office compliance monitoring programme and lead a team within London Investment Compliance. You will be responsible for the development, implementation and delivery of a risk based compliance monitoring plan that is Front Office focused, to include thematic reviews around emerging risks, regulatory change and other regulatory targeted areas of focus. The plan will also include ongoing surveillance monitoring of market abuse controls and front office dealing controls over FCA COBS and EU MiFID requirements (e.g. fair allocation, best execution and timely execution).
Key Responsibilities
Develop and deliver the Front Office risk based compliance monitoring plan, to include thematic reviews.
Reassess the plan on a regular basis to ensure it remains appropriate and reflects the changing business, regulatory rules and control environment, and allocate resources accordingly.
Assess the current trading desk monitoring programme and ensure that ongoing surveillance monitoring of front office dealing controls is incorporated into the overall compliance monitoring plan.
Coordinate with the Head of Market Conduct to ensure that ongoing surveillance monitoring of market abuse controls are included in the overall compliance monitoring plan.
Coordinate with other Compliance Monitoring teams, including globally, and undertake joint reviews as appropriate.
Report to senior management on monitoring findings and associated recommendations to improve the overall control framework where necessary.
Ensure that potential breaches are investigated and reported, conducting trend analysis and reporting trends of concern as appropriate.
Ensure that issues identified from monitoring activities are subject to agreed action plans with the business and maintain measures to track that actions are completed satisfactorily and in a timely manner.
Working closely with Investment Compliance Advisory, keep abreast of regulatory developments and ensure that the compliance monitoring plan reflects latest regulatory initiatives and hot topics apparent from regulatory sanctions, thematic reviews and enforcement actions.
Assist in providing training to the business where relevant.
Lead and manage resources effectively so that deliverables are met.
Preparation and collation of management information and reports as required.

Desired Skills and Experience
Experience and Qualifications
Significant compliance experience within asset management across a broad range of products and investment management disciplines with particular experience of front office monitoring and associated compliance systems and tools. Additional relevant experience may include a background in internal audit.
Robust knowledge of fund management processes, instruments, products and funds
Excellent knowledge of the FCA Handbook and an awareness of the FCA’s current expectations in relation to compliance monitoring
Knowledge of offshore products and regulatory regimes would be an advantage (e.g. Luxembourg, Ireland, US, Hong Kong)
High attention to detail
Excellent communication skills both written and oral and ability to communicate with senior management in a confident and professional manner.
Comfortable dealing with portfolio managers, traders and other divisions within an asset management firm.
Strong report writing skills
Good IT skills including Microsoft Office, particularly Word, Excel and Outlook.
Good planning, prioritisation, problem solving and organisational skills

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