Interim Compliance Officer & MLRO

Interim Compliance Officer (SMF
16) and Money Laundering Reporting Officer (SMF
17)

This role forms part of a small, high-performing Legal and Compliance team supporting the wider Next Energy Group. The team currently comprises the Group Head of Legal and Compliance, two lawyers and a Company Secretarial professional. While working closely with colleagues across the Group, the successful candidate's primary focus will be on supporting Next Energy Capital Limited's investment management activities, and the associated legal, regulatory, governance and transactional matters arising from its operations.

Chief Investment Officer (SMF3) and Group Head of Legal & Compliance

London

Next Energy Capital Limited ("
NEC
") is the investment management business of the Next Energy Group, a specialist renewable energy infrastructure manager with approximately US $5 billion of assets under management. Established in 2007, the business manages capital on behalf of institutional investors globally through a range of renewable energy and energy transition investment strategies. As part of the wider Next Energy Group, NEC works across the full renewable energy value chain, including the development, acquisition, financing, operation and management of renewable energy assets internationally.

This role is focused solely on the activities of NEC and its investment management business, and does not extend to the wider operational, development or asset management activities undertaken elsewhere within the Next Energy Group.

To act as the FCA-approved holder of the SMF
16 (Compliance Oversight) and SMF
17 (Money Laundering Reporting) functions for NEC, ensuring that the Firm maintains effective systems and controls to comply with its regulatory obligations and manages financial crime risk in accordance with FCA requirements, the Money Laundering Regulations 2017, JMLSG Guidance and applicable legislation.

The role holder is responsible for providing independent second-line oversight of the Firm's regulatory compliance and financial crime framework, advising senior management on regulatory matters, monitoring compliance with applicable laws and regulations, and promoting a strong culture of integrity, conduct and compliance throughout the Firm.

• Maintain and oversee NEC's compliance framework.
• Ensure the Firm has appropriate policies, procedures and controls to comply with FCA requirements.
• Maintain an up-to-date regulatory inventory and horizon-scanning process.
• Advise senior management on regulatory developments and their impact on the Firm and potential solutions to mitigate.

• Develop and maintain a risk-based Compliance Monitoring Programme.
• Monitor the effectiveness of policies, procedures and controls.
• Track, report and oversee remediation of identified compliance issues.
• Provide independent challenge to first-line business functions.

• Prepare regular compliance reports for the Board of NEC, relevant committees and the executive leadership team.
• Escalate material regulatory breaches and control weaknesses.
• Maintain appropriate management information and key risk indicators.
• Support governance arrangements relating to SMCR, Conduct Rules and regulatory responsibilities.

• Act as principal compliance contact with the FCA.
• Coordinate regulatory submissions, notifications and correspondence working with the relevant functions across the business including Finance and HR.
• Oversee regulatory inspections, information requests and thematic reviews and proposing solutions to senior business leaders for any issues/ gaps identified.

• Partner with senior business leaders to promote a positive compliance culture across the Firm, setting it up as a business enabler.
• Lead compliance training and awareness programmes.
• Support implementation of programmes that meet the FCA's expectations regarding culture, governance and non-financial misconduct.
• Maintain and oversee the Firm's AML/CTF and sanctions framework.
• Ensure compliance with the Money Laundering Regulations, Proceeds of Crime Act, Terrorism Act and FCA requirements.
• Maintain the Firm's Financial Crime Risk Assessment.
• Suspicious Activity Reporting
• Customer Due Diligence and KYC
• Oversee KYC and due diligence arrangements across the Firm.
• Ensure appropriate verification of customers, investors, counter parties, acquisition targets and relevant beneficial owners where required.
• Provide oversight of outsourced AML and KYC providers.
• Monitor enhanced due diligence requirements and high-risk relationships.
• AML Monitoring and Assurance
• Conduct periodic reviews of AML controls and procedures.
• Review breaches, incidents and financial crime trends.
• Ensure timely remediation of identified weaknesses.
• Report regularly to senior management and the Board on financial crime risks and mitigation activities.