The SEI Investments (Europe) Limited ("SIEL" or the "Firm") Compliance department creates, develops, implements, monitors and manages the Firm's procedures, key controls and policies that seek to ensure that the Firm's control, risk and governance structures are adequate. The department liaises with, oversees and monitors business areas to ensure that comprehensive regulatory and risk controls are in place and functioning appropriately.
This role will not include Financial Crime. The role requires an enthusiastic individual, with significant compliance and/or regulatory experience and with strong evidence of a clear desire to work in a leading, dedicated Compliance role, to join a Compliance department supporting the core compliance initiatives and control framework within SIEL's regulated business. The individual will build relationships with key stakeholders, deliver an exceptional performance in the daily provision of assigned regulatory activities and help successfully drive through compliant requirements and change whilst maintaining excellent relations throughout the organisation.
› Work with and support the Head of Compliance (CF10) to help the department in its general objective to ensure that the SIEL governance and internal control structures are effective for the Firm as a whole, such that SIEL is compliant at all times with all applicable rules and regulations. › Produce and effectively communicate (verbally and/or in writing, as appropriate) compliance advice which is of high-quality, comprehensive and thoroughly-considered from all relevant angles, in a timely manner, assisting the SIEL Compliance department to achieve its overall objective of supporting the business (incl. where relevant SIEL's international offices) achieve its objectives in a compliant manner. The individual will be directly responsible for providing advice to the Firm's Wealth Platform (investment processing and custody) business line. The individual will also be directly responsible for providing advice on regulatory/compliance matters that are firm-wide (e.g. prudential matters (IFPRU, CRD IV, ICAAP), remuneration code, other governance and organisational arrangements, etc.). The individual will be indirectly responsible for all advice given by the Firm's Senior Compliance Officers. › Represent Compliance (or Chair, if and as appropriate) in appropriate Firm Committees and/or Working Groups (e.g. Conflicts of Interest Working Group, Best Execution Working Group, etc.). › Manage the Firm's Senior Compliance Officers and more junior Compliance Officers and provide them with relevant support, training, feedback and guidance, as and when appropriate to help them develop. › Review and validate the work of the Firm's Senior Compliance Officers and more junior Compliance Officers to ensure that all work and outputs are completed/produced to a satisfactory high quality and in a timely manner, are consistent, and are well-supported by appropriate memos, reports and/or other documents which consider the relevant matter(s) from all relevant angles, in a comprehensive and accurate manner. › Ensure that all identified potential breaches and/or complaints are handled in a timely manner in accordance with the Firm's corresponding policies and procedures, including ensuring that all necessary outputs (e.g. responses to complaints, notifications to the relevant regulators, etc.) are produced with high quality and in a timely manner. › Lead the production and regular maintenance and updating (as appropriate) of the Firm's Compliance Risk Assessment, including liaising as and when appropriate with the Firm's Head of Risk (including on Data Protection matters) › Ensure that the Firm's compliance monitoring program is completed in an effective, thorough, timely and comprehensive manner with appropriately-written, well-supported deliverables. › Lead the development and implementation of the Firm's compliance training program (excl. core financial crime matters). › Lead the write-up / production of new (or the updating of existing) compliance-related policies and procedures (excl. core financial crime related policies and procedures). › Lead the production of effective and timely management information for Senior Management, the Firm's Committees and its Board of Directors. › Regularly research relevant external sources for non-financial crime related regulatory developments that may be applicable to the Firm's regulated activities, assess initial impact and provide initial advice and recommendations and initiate project(s) to support full impact and gap analysis and satisfactory implementation of new requirements. › Using, as and where appropriate, available compliance or other IT systems, produce, maintain and update the necessary records that demonstrate satisfactory completion of the above-mentioned responsibilities including ensuring that direct reports do so as well. › As part of performing the above mentioned responsibilities, identify and escalate relevant risks and ensure that identified risks are recorded in the Firm's risk management systems together with sufficient and appropriate controls that aim to minimise the impact of such risks to a level that falls within the risk appetite defined by the Firm's Senior Management and Board of Directors. › Assist in any other ad-hoc projects as required. › With guidance and support, where appropriate, cover for other members of the team in their absence.
› Keep current on market conditions, applicable rules and regulations, SEI products and services, etc.; and › Adhere to all relevant FCA and other requirements, policies and procedures.
Technical Capabilities/Skills & Experience Required for the Role:
› Degree (or equivalent) preferred › Extensive regulatory experience and/or experience of working in a compliance function, preferably in the asset management/servicing sector. › Significant experience with, or excellent knowledge and understanding of rules and regulations associated with; Investment Processing (as an outsourced service provider and platform service provider), CASS, Outsourcing and Delegation, Order Handling & Execution, Transaction Reporting, Investment Advice, Discretionary Management, Fiduciary Management, Product Governance, Suitability, RDR, Inducements, Personal Account Dealing Conflicts of Interest, Financial Promotions, General Governance & Organisational Arrangements, Approved Persons, SMCR, Training & Competence, CRD IV and IFPRU Prudential requirements (as they apply to a Significant IFPRU Limited Licence Firm), ICAAP, IFPRU Remuneration Code, Breaches and Complaints Handling, FCA Notifications, FCA Reporting, Principal vs Agent, Record-Keeping, Data Protection / GDPR, and generally COBS, SYSC, SUP and MiFID II as they apply to the Firm's regulated activities. › Excellent verbal and written communication skills are essential. › Excellent management and leadership skills, including strong ability to manage more junior members of the compliance department and provide them with suitable support, training, feedback and guidance. › Practical knowledge and effective application of IT systems including Microsoft Office applications (Word, Excel, Outlook, PowerPoint, Access) › Strong organisational, research, time management and project management skills including: (a) strong ability to prioritise work tasks, projects and activities taking into consideration the risks involved and internal or external deadlines, deliver on those deadlines without compromising quality and without generally having to be reminded of allocated responsibilities or work tasks; and (b) desire and strong ability to document and/or evidence work and support conclusions reached and/or advice given, in an effective and timely manner. › Strong ability to work and interact effectively within a team. › Strong desire and ability to generate and communicate new innovative ideas (e.g. RegTech) and/or adapt to different circumstances, whilst maintaining honesty and integrity, including actively listening and considering (to the extent appropriate) all relevant stakeholders' views. › Evidence of a clear desire to work in a dedicated Compliance role - Must be self-motivated, goal-oriented and able to work under pressure in a high volume/intensive environment, complete tasks in a time sensitive, professional and thorough manner, be able to communicate effectively at all levels, undertake assessments and provide clear feedback.
SEI is an equal opportunities employer
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, investment management and investment operations solutions that helps corporations, financial institutions, financial advisors, institutional investors and ultra-high-net-worth families create and manage wealth by providing comprehensive, innovative, investment and investment-business solutions. As of 31 December 2016, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $751 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $283 billion in assets under management and $468 billion in client assets under administration. For more information, visit seic.com.
SEI Investments (Europe) Limited ("SIEL") is SEI's London-based European subsidiary and is regulated by the Financial Conduct Authority.