Associate Partner - Head of Compliance

Role: Associate Partner - Head of Compliance

Location: UK/Remote

Job type: Full-time

Augment Risk is a global capital risk solutions intermediary, partnering with clients to structure and place innovative solutions. We specialise in bespoke risk transfer strategies, leveraging deep expertise across geographies and disciplines, including Structured Reinsurance, MGA, ILS, Legacy, Parametric, and Captives.

Associate Partner - Head of Compliance (UK)

(SMF
16 Designate; Financial Crime Oversight Lead; MLRO/SMF
17/SMF3 subject to regulatory assessment)

The Role:

Augment Risk is seeking a senior compliance leader to join the UK business as Head of Compliance (UK). This individual will be responsible for the oversight, effectiveness, and ongoing development of the firm’s compliance and financial crime arrangements, ensuring adherence to applicable regulatory requirements in the UK and supporting the broader group as needed. Subject to regulatory approval, the role is expected to perform the SMF
16 (Compliance Oversight) function and may serve as a member of the UK Board (potentially requiring SMF3 and regulatory approval). The role combines strategic oversight with hands‑on execution, reflecting the firm’s size and stage of development. The successful candidate will be accountable for maintaining effective systems and controls, embedding a strong culture of compliance, and ensuring robust oversight of financial crime risks, including sanctions.

The role will report to the Group Chief Legal Officer, will work closely with the UK CEO (SMF1), and will have direct access to the UK Board with authority to escal​ate matters independently where required. The role will also support the firm’s contractual and regulatory framework, including oversight of UK broking documentation (such as TOBAs), and ensure compliance with Lloyd’s broker requirements.

The individual will take responsibility for the firm’s financial crime framework, including sanctions controls, and will assess, in conjunction with senior management and advisors, the appropriate allocation of MLRO responsibilities (including potential SMF
17 designation) in line with the firm’s regulatory obligations and business model.

• Regulatory Oversight & SMF Responsibilities
  :
  Act as the senior individual responsible for the compliance function within the UK entity (SMF
  16, subject to approval);
  Provide independent oversight and challenge to senior management and the Board on regulatory and compliance matters;
  Ensure clear allocation of compliance responsibilities and effective governance arrangements;
  Maintain direct engagement with the FCA, Lloyd’s and other relevant regulators, acting as a primary point of contact where appropriate.
• Compliance Framework & Risk Management
  :
  Own, develop and maintain the firm’s compliance framework in line with FCA requirements (including SYSC and SMCR);
  Ensure compliance with Lloyd’s broker requirements and associated regulatory expectations;
  Identify, assess and monitor compliance risks across the business, ensuring appropriate mitigation strategies are implemented;
  Establish and maintain a forward‑looking compliance monitoring plan and oversee its execution;
  Ensure compliance arrangements remain proportionate to the size, nature and complexity of the firm;
  Maintain oversight of the firm’s risk register and associated controls, ensuring compliance risks are appropriately identified, assessed, monitored and escalated.
• Financial Crime & Sanctions Oversight
  :
  Own and oversee the firm’s financial crime framework, including sanctions, anti‑money laundering (AML), and related controls;
  Establish and maintain appropriate sanctions screening processes and controls across the business;
  Ensure effective identification, escalation and management of financial crime risks, including suspicious activity where relevant;
  Assess and advise on the firm’s regulatory obligations in respect of financial crime, including whether formal MLRO designation is required;
  Where appropriate, assume MLRO/nominated officer responsibilities (subject to regulatory scope and approval).
• Contractual & Legal/Compliance Oversight
  :
  Oversee the…