Senior Compliance Consultant (Bovill Newgate)

Fund services | Corporate | Capital markets | Private client | Regulatory & Compliance

We help clients succeed by unlocking new value through expertise, trust and scale. We deliver solutions that solve complex challenges faced by asset managers, financial institutions, corporates, high net-worth individuals and family offices.

With a curious mindset, we ask the right questions to get to the right solution, faster. We collaborate to win together, sharing successes and shaping the future of our global business. Our culture of support and recognition provides the tools and opportunities for you to grow, while unlocking the most value for our clients and making your mark with Ocorian.

Expertise: We deliver specialist, tech-enabled solutions for our clients grounded on deep industry expertise.

Trust: We’re a trusted partner to over 8,000 clients globally. We are proud to have long-lasting partnerships with our clients.

Scale: With more than 1,500 colleagues, we operate across 20+ countries, our scale enables us to support our clients globally and locally, providing a seamless client experience across borders and service lines.

What's in it for you? 

• Competitive salary
• Hybrid working
• Flexible working hours
• Pension Scheme
• Private medical insurance
• Dental plan
• Life assurance
• Income protection & Critical illness

Introducing Bovill Newgate

Bovill Newgate is a specialist financial services regulatory consultancy with a global offering across the UK, the Channel Islands, Singapore, Hong Kong, Mauritius and the Americas. We help our clients meet complex and evolving regulatory obligations, providing certainty and peace of mind. We work with firms of every size across the financial services sector, supporting clients managing regulatory change and dealing with regulatory scrutiny. We provide advice on regulatory change and preventing financial crime, applications to regulators, building or enhancing regulatory frameworks, conducting compliance investigations or diagnostics, training and fulfilling prescribed roles.

We are searching for a Compliance Consultant to join our experienced compliance process outsourcing team. The successful candidate will have relevant experience dealing with compliance within investment firms including AIFMs and MIFID firms. Practices in the wider Bovill-Newgate team look after many other financial services firms such as Alternative Investment Firms, capital markets firms, investment advisers, wealth managers, payments services, consumer credit firms, mortgage intermediaries and insurance brokers and crypto businesses.  Bovill Newgate also operates centres of excellence in Financial Crime and Prudential Regulation. You will be part of our client process outsourcing team where you will be setting up and executing policies and procedures, compliance monitoring, providing training, assisting with authorisations and providing regulatory advice. You may also be required to work across practices and the centres of excellence as work dictates. 

Summary 

This role will be reporting directly to a local Consulting Lead and will be a part of the client compliance process outsourcing advisory team. You should have a keen interest in regulation and compliance. Five to seven years experience is desired however you will also learn from the wider team, most of whom are experienced ex-regulators. We are a fast moving, growing compliance consultancy firm and the willingness to be flexible as tasks arise will be key for the successful candidate. 

Responsibilities 

Your role will be wide and varied and you will be expected to be willing to undertake the many tasks that arise when part of a flexible consulting team. The role will be challenging but conversely you will have the opportunity get to see the asset management and broking industries from a unique perspective as well as gaining exposure over time to other sectors as the business grow. A key part of your responsibilities will be in supporting the client advisory team assisting with regulatory work and client meetings. 

Specifically, this could include, but is not limited to; 

• Managing a portfolio of client relationships and having a client centric approach in order to retain existing business and grow business through identifying upsell opportunities through your knowledge of the client; 
• Identify cross sell opportunities into the wider Ocorian Group from your work; 
• Working in a high-pressure and multi-tasking environment and achieving high billable utilisation (75%). 
• Strong knowledge and application of the FCA Handbook including AIFMD, SMCR, MIFID II, IFPRU, and the financial promotions regime under COBS 4; 
• Assisting in, and leading, compliance reviews, assessments and documentation drafting; 
• Understanding and summarising regulatory change and writing articles for our newsletter; 
• Participating in regulatory projects, such as annual compliance audits or mock-examinations; 
• Advising clients on appropriate financial crime frameworks and getting involved in client due diligence work, screening and ongoing monitoring as required; 
• Assisting with FCA authorisation applications, regulatory transactions and regulatory reporting;  
• Taking part in and leading client visits, meetings and training sessions; and 
• Keeping up to date with current regulatory developments and informing clients as necessary. 

#LI-BF1 #LI-Hybrid

The successful candidate is likely to have a degree and/or be a compliance practitioner with three to five years relevant experience and/or have good understanding of the wholesale financial services sector. Good IT skills with the ability to learn the in-house compliance system. 

Personality 

• Friendly, enthusiastic and willing to learn;  
• Ability to lead and work on projects alone or with the team; 
• Clear and articulate communicator with the ability to adapt to different environments and personalities; 
• Capable of working on-site at client offices using their own initiative;  
• Ability to multi-task; and  
• Able to communicate with all levels of seniority within the client’s business. 

All staff are expected to embody our core values that underpin everything that we do and that reflect the skills and behaviours we all need to be successful.  These are:

·       We are AMBITIOUS - We think and act globally, seizing every opportunity to support our clients and staff - wherever in the world they may be.

·       We are AGILE - Our independence from any financial institution gives us the flexibility and freedom to keep things simple, efficient and effective.

·       We are COLLABORATIVE - We take the time to understand our clients' needs so that we can deliver personalised solutions every time.