Job Title:	Compliance Monitoring Analyst
Reference:	COMPL 3391
Salary:	Up to £45,000
Location(s):	London, London East, London North, London South, London West, Middlesex, City of London
Industry(s):	Financial Services
Advertiser:	Compliance Professionals Ltd
Employment Type:	Permanent
Posted:	02-07-2009

Description:

THE COMPANY:
Our client is a City based Asset Manager offering a range of products for retail and corporate investors. They currently have over £150 billion under management invested in Fixed Income, Property and Equities
THE RESPONSIBILITIES:
• To undertaking monitoring in accordance with the published compliance plan and where issues are identified making appropriate recommendations to strengthen the compliance control.
• Monitoring will include, but not be limited to,
o portfolios for adherence to client, house and regulatory requirements
o exceptions of allocation policies
o significant deviation from stated ‘best execution’ policies.
o adherence to the rules governing personal account dealing and personal investment reporting.
• Coding, maintenance and daily review of incidents generated by Sentinel Latent Zero - automated Compliance monitoring system for client, regulatory and house restrictions.
• Investigation of daily incidents generated by Sentinel to ascertain reason for breaches (trade, data issues etc), communication with the relevant business areas for resolution
• Liaise with the Trustee / Client relationship manager to report and discuss breaches
• Review of client mandates and retail product documentation to develop and code rules and any manual monitoring requirements
• Ad-hoc project involvement for new underlying instrument exposures and fund launches.
• Undertake internal personal investment reporting reviews
• Provide assistance where required to the Equities and Fixed Income Advisory teams
• Projecting and fostering a supportive compliance culture within the business
EXPERIENCE REQUIRED:
• It is envisaged that the successful candidate will ideally have minimum 2 years compliance experience within a diversified fund management business, including responsibility monitoring funds against regulatory, client and house investment restrictions.
• Strong instrument knowledge preferably including derivative products
• Experience in using an automated Compliance monitoring system including coding (preferably, but not limited to LZ Sentinel)
• Commenced study or have completed the IAQ / IMC or equivalent
• A good understanding of the asset management industry and the application of regulatory and industry best practice standards
• Strong knowledge of FSA regulation, in particular the COLL sourcebook, investment and borrowing powers

For further information please contact Spencer Evans on spencer.evans@complianceprofessionals.co.uk quoting ref COMPL 3391