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Position: Compliance Associate
Line Manager/Reports to: Compliance Manager
Location: London (Hybrid)
Overview
MillTech was founded in January 2019 to provide corporates, institutions, corporate treasurers and asset managers with direct access to transparent and competitive multi-bank rates offering low-cost FX execution as well as cash management services to help manage client’s treasury and liquidity needs. MillTech is an affiliate of Millennium Global Investments, one of the largest independent currency managers, and we have recently raised growth capital to fuel our journey.
This role is a fantastic opportunity to develop your Compliance career if you are an enthusiastic, self-motivated, inquisitive team player with effective communication and problem-solving skills. You will be hard working with a desire to contribute to the success of a fast-paced and innovative financial services technology firm. You will be joining a growing compliance team and will benefit from ongoing training.
Your Mission
Our Compliance team creates, develops, implements, monitors and manages our procedures, key controls and policies that ensure that we control and monitor risk, and benefit from proper governance structures. The department closely monitors all business areas to ensure that comprehensive regulatory and risk controls are in place and functioning appropriately.
You will support the Compliance team in a wide range of tasks where you will need to show initiative, reflect and learn about the regulations, policies and procedures that are in place, as well as commit to supporting your colleagues in achieving the department goals.
Your responsibilities in this role will include:
- Assist with the building, maintaining and implementation of the Compliance monitoring plan, ensuring that the firm’s system and controls remain effective;
- Provide regular MI/KPIs on the performance and effectiveness of the Compliance Monitoring Plan and key compliance metrics, including the investigation, escalation and reporting any breaches in the firm’s compliance arrangements;
- Assist with the maintenance, monitoring and completion of the firm’s compliance calendar, including the monitoring of our ongoing regulatory filing and reporting requirements;
- Assist with the identification, recording, investigation and remediation of any breaches and errors;
- Provide compliance support, guidance and sign off management processes to Marketing and Business Development teams in relation to financial promotion material and client communication compliance;
- Assist with the implementation and ongoing monitoring of the firm’s SMCR requirements and jurisdictional equivalent regulatory regimes;
- Provide compliance advisory to staff and departments on applicable rules, regulations and the firm’s policies and procedures;
- Act as an active designated member of the compliance committee meeting on a monthly basis – providing input on compliance strategy, policy, procedures and performance and identifying opportunities for improved adherence to regulatory requirements;
- Attend other firm monthly committee meetings as required;
- Assist with the development, management, and implementation of the firm’s compliance training programme;
- Develop and maintain knowledge of UK (and other relevant jurisdictions) compliance laws, rules and guidelines applicable to our business;
- Maintain and update our compliance policies and participate in team training;
- Assist with product solution reviews where necessary;
- Assisting with and completing compliance reviews and audits;
- Assisting the team with GDPR and data protection compliance;
- Horizon scanning; looking for future regulatory developments applicable to our business;
- Participate in special compliance projects including liaison with other departments such as operations, finance, HR, technology and business development; and
- Any other ad-hoc tasks and responsibilities.
Required Skills:
We value each MillTech employee equally and respect all that they have to offer, including their passion, creativity, determination and friendship. Specifically, for this role, we are looking for a:
- Proven knowledge and experience in the UK’s regulatory framework, particularly the FCA’s handbook in relation to MiFID Investment firms (SYSC, COBS, DISP);
- Experience working within a regulated financial service firm;
- CISI, ICA or other equivalent compliance qualification;
- Knowledge and understanding of investment products including foreign exchange and securities;
- A high degree of personal honesty and integrity;
- An analytical and inquisitive mindset with a desire to learn;
- Attention to detail;
- Excellent spoken and written English and the ability to produce clear, structured reports and analysis;
- A proven ability to work successfully in a team;
- Proactive and initiative-driven approach;
- University Degree (or equivalent preferred) or some work experience desirable; and
- Good computer skills including Microsoft Office (Word, Excel etc).
Desirable Skills and Experience:
- Familiarity with risk-based testing approaches;
- Designing, executing, and documenting monitoring reviews;
- Understanding of other regulatory frameworks, such as the NFA, SEC, FINTRAC, ESMA, as well as legal frameworks such as GDPR, is desirable.
How to apply?
We would love to hear from you if you think that you’re a good fit for this role. To apply you should upload your CV accordingly. One of the team will then be in touch with you to discuss the next steps.
