Head of Compliance, Risk & Financial Crime

JOB DESCRIPTION

JOB TITLE:

Head of Compliance, Risk & Financial Crime (SMF
16, SMF
17)

Managing Director

GBP 80 to 100,000 plus benefits including employee options

Hybrid (Based from regional office Taunton or Leeds, UK)

Risk & Compliance

Yes – SMF
16 and SMF
17 senior management function for Liberate Wealth Limited

No

Yes - B signatory

Yes (on complaints etc. Not authorised to enter the firm into binding contracts)

Yes

Yes (there are no current staff reporting in to the HOC)

Reporting to the MD, with an independent reporting line into the independent non-executive director Chair of the Liberate Wealth Group for escalation purposes. The Head of Compliance, Risk & MLRO will ensure that Liberate Wealth Limited, and its branches and subsidiaries have robust risk governance, policies, procedures and processes in place to ensure that risks are identified, assessed, mitigated, monitored and reported in line with the Board approved risk appetite, resulting in a clear Risk and Compliance strategy which is well communicated across the firm.

This includes ensuring that the firm has strong cultural alignment with effective risk management and compliance and that appropriate processes to support this are in place throughout the firm.

• Responsibility for leading and managing the Risk, Compliance and Financial Crime functions within the firm including the COB plan, Systems and Controls, Monitoring plan and all other regulatory procedures
• Responsibility for developing and delivering risk and compliance strategies that are aligned to the firm’s strategy.
• Responsibility for developing a coherent understanding of risk and regulations across the business, which includes managing processes to identify and assess risk.
• Responsibility for sponsoring appropriate risk management and compliance policies for the Risk & Compliance teams and ensuring that they are effectively communicated and adhered to across the business.
• Responsibility for reporting regularly to the Board (and any other oversight committees), with appropriate timely and high-quality information regarding both functions so that the Board can discharge its responsibilities effectively.
• Responsibility for the 2nd Line of defence for all financial, non-financial (e.g., operational, cyber, conduct etc.) and investment risks.
• Representing the Risk & Compliance function on internal committees.
• Ensuring the delivery of prompt communication of key developments in the risk and compliance environment to the relevant parties, together with suggested plans and actions in a proactive manner.
• Ensuring that prospective regulatory changes are assessed and their impact on the business is communicated and implemented effectively.
• Liaising with Internal and External Auditors on risk and regulatory matters.
• Undertaking compliance and risk due diligence (potentially working alongside external counsel) in support of any M&A activity the firm undertakes and reporting back any recommendations or issues identified, with an eye on identifying any issues that may affect integration and expose Liberate Wealth to unnecessary risks.

• Responsibility for reviewing and maintaining the firm’s enterprise risk management framework; including the current policies, risk registers, committees, resources employed, reporting lines and management information.
• Ensuring the firms policies and other framework documentation are relevant and in line with current regulations and industry best practice and seeking, where appropriate, Board approval.

• Partnering with the COO to ensure policies, procedures and processes are in alignment with business objectives
• Responsibility for monthly KPI reporting and developing and maintaining the Operational Risk dashboard, providing quarterly updates to the Board (and any other oversight committees)
• Responsibility for overseeing the investigation and reporting of all operational risk…