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Momentum Wealth International Limited – Governance Compliance Officer

Our Client, Momentum Wealth International Limited are seeking to recruit a Governance Compliance Officer to join their team.

Responsibilities and Prescribed Positions

A Regulatory Compliance Officer with direct responsibility for MWIL as a general investment business licensee, and as Principal Manager of the ICC.  As MWIL is the appointed administrator and custodian of MMLGB and MIIP, this includes responsibility for compliance as the appointed administrator for MIIP and MMLGB.  Note that MIIP and MMLGB have appointed the Insurance Manager as the Compliance Officer for these entities.

Successful candidates will hold an internationally recognised diploma in compliance and/or corporate governance and/or risk management with at least five years’ financial services compliance experience to include insurance and investments.

Role Summary

  • Assist the Board and senior management to ensure that an appropriate governance framework is in place to enable MWIL to comply with current legislation and regulations in all jurisdictions applicable to the Guernsey Entities.
  • Monitor compliance with procedures and produce regular reports on any findings.
  • Review documentation of the Guernsey Entities, identify areas of risk and potential regulatory issues and provide adequate remedial solutions.
  • Liaise with counterparties in MML, for example Compliance, Risk, Chief Information Officer, etc.
  • Provide professional advice and guidance to MWIL and senior management regarding compliance matters.
  • Build relationships with internal and external stakeholders as well as the wider compliance community within MML.

Specific Compliance Duties and Responsibilities:

  • Comply at all times with the requirements of the Guernsey Regulatory Laws and requirements for Principal Persons.
  • Identify statutory and regulatory requirements from all relevant jurisdictions that apply to the Guernsey Entities and maintain records for reference purposes.
  • Link compliance legislation and regulations to existing policies and procedures to ensure their adequacy; identify areas where procedures may be inadequate and assist/advise management in amending existing procedures, or the drafting of new procedures, as appropriate.
  • Keep up-to-date with regulatory developments and advise management on amendments required to policies and procedures, or the drafting of new policies and procedures as appropriate.
  • Develop and maintenain a compliance monitoring programme to monitor compliance with current legislation, regulations and guidance in all jurisdictions applicable to the Guernsey Entities.
  • Undertake monitoring, documenting and reporting results of procedural compliance.
  • Maintain liaison as necessary with regulators and other relevant authorities. Note that liaison with the South African Financial Services Conduct Authority will be via MML’s Compliance Team (except for liaison in respect of the ICC).
  • Identify non-financial regulatory reporting requirements; ensure that the policies and procedures in place to meet these are adequate. Monitor compliance with these policies and procedures.
  • Assist with the planning and delivery of training for staff, including staff of outsourced parties, on regulatory compliance issues.
  • Review advertisements and promotional material prior to publication for compliance with relevant laws and regulations.
  • Conduct ad hoc investigations and special projects in conjunction with Compliance departments of MML and management.
  • Review and monitor complaints and breaches and ensure proper handling / reporting.
  • Assist with the development of processes to map and monitor risks within the Guernsey Entities.
  • Act as the person responsible for Data Protection monitoring and reporting of breaches to the relevant authorities in Guernsey and the MML Chief Information Officer.
  • Assist with paralegal matters such as the review and update of client documentation and scheme particulars, including liaising with internal and external parties as necessary.
  • Ensure that the actions taken pursuant to the responsibilities listed above are properly documented to provide an effective audit trail.

Role Summary – General 

  • Undertake Continuing Personal Development and maintain record as required.
  • Any other duty appropriate to the nature and level of responsibility of the role.

Competency Requirements 

Knowledge

  • Sound knowledge of corporate governance and the role of Compliance and legislation, regulations and risk management.
  • Sound knowledge of platform operations, products and the international investment industry.
  • Strong awareness and understanding of external environment affecting the industry generally and the Guernsey Entities in particular.
  • MS Office

Skills

  • Excellent written and verbal communication skills; ability to listen attentively, extracting important information, able to convey ideas clearly and concisely.
  • Ability to plan, organise and prioritise effectively.
  • Attention to detail.
  • Ability to deliver quality output to deadlines, sometimes under pressure.
  • Ability to manage, support, coach and motivate other team members.
  • Focuses on outcomes.

Attitude & Values

  • Meets the Fit and Proper requirements of the GFSC guidance on an ongoing basis.
  • Demonstrates core values through actions.
  • Shares knowledge with others.
  • Results driven.

To apply for this position, please apply through our website or email [email protected]

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