Compliance Associate

Saranac Partners is a private office for investments and more. As an independent firm we offer an alternative to traditional institutions, providing expertise on the breadth of situations our clients face. Working with international families, business owners and private investors, we deliver solutions across strategy, investments and financing. Our firm was founded in 2016 by colleagues with a shared vision of building enduring client partnerships, we are obsessive about service, anticipating needs and following through.

We are looking for an ambitious and driven compliance professional to join our team.

Main Duties & Responsibilities

• Maintain and develop a risk-based compliance monitoring programme, focusing on reviews of individual client files, suspicious transaction monitoring and detection of market abuse.
• Review and approve financial promotions
• Maintain various Compliance logs including gifts and entertainments, Personal Account Dealing, complaints and rule breaches
• Provide papers and support for the Risk & Compliance Committee
  
  

Specific Responsibilities

• Create and perform a program of monitoring tasks designed to evidence Compliance with FCA’s Conduct of Business Rules. Produce summary reports and track agreed actions.
• In conjunction with the MLRO, undertake prevention of money laundering tasks including suspicious transactions monitoring, account opening checks and monitoring of sanctions.
• Undertake the prevention of market abuse tasks including transactions surveillance, PA dealing permissions and maintenance of Insider and Restricted lists.
• Advise on, review and approve financial promotions for issue in the UK.
• Maintain Compliance logs recording gifts and entertainments, insiders, PA dealing, complaints and breaches
• Prepare reports for the Risk and Compliance Committee summarising the results of Compliance Monitoring and collating various KPI’s. Take and write-up minutes.
• Provide day to day compliance support to client facing staff of Saranac Partners (covering Consumer Duty, COBS, SYSC, MAR, SUP, JMLSG, Data Protection, EU Directives).
  
  

Skills And Attributes Required

• Minimum of 2-3 years of relevant compliance experience working in financial services
• Experience of working with or exposure to Retail Clients
• Team player able to balance the needs of compliance and risk management with business growth objectives
• A high attention to detail when conducting monitoring and presenting results
• Strong interpersonal skills, confident and assertive in dealing with colleagues
  
  

Education/Professional Qualifications

• A sound knowledge of laws, regulations and practice applicable to an FCA-regulated asset manager.
• Degree not essential but preferable from a good university
• Will support further qualifications relevant to the compliance function