Operational & Regulatory Monitoring Specialist, Asset Management (10 months' FTC / Secondment)

We have an incredible opportunity to join us here at Phoenix Group as an Operational & Regulatory Monitoring Specialist to join our Line 1 Asset Management Portfolio Compliance Team within the Business Control & Governance Function here at Phoenix Group, The role will sit within AM Portfolio Compliance which is part of Phoenix Asset Management's Business Control and Governance (BC&G) team. Established as a Line 1 control team, the team is responsible for delivering compliance support capability to assist Phoenix Group's exciting investment strategy. This is a key role in operationalising investment compliance controls and providing compliance advice guidance on business initiatives to support Phoenix Group's exciting investment strategy. The role will be involved with reviewing new business and investment proposals, regulatory horizon tracking and implementation, overseeing controls around the management of key Compliance Risk topics. You will support the Head of Portfolio Compliance and other functions within Phoenix Asset Management (including Front Office, Middle Office, Operations, Business Control & Governance); Phoenix Group stakeholders (including Group Compliance, Operational Risk, Legal) and external third parties, in developing, implementing and maintaining an efficient and secure Line 1 portfolio and regulatory Compliance framework., Policy Advice and Implementation

• Ensure that business fully understands its obligations in relation to the Compliance policies and processes in place
• Point of contact for the business on any Compliance policy and process related queries, including Know Your Counterparty (KYC), Reverse KYC, Inside Information/wall crossing requests, information barriers, PA dealing and conflicts of interest.
• Advise the business on the introduction of Compliance processes as a result of new or updated AM initiatives or activities.
• Ensure that the Compliance policy framework (as developed by Line 2) is embedded within the business
• Support development and Implementation of procedures for the business to follow to ensure Compliance with the policies, including the provision of training where necessary.
• Monitor the adherence of the business to the policies and procedures on a day-to-day basis.
Regulatory Monitoring and Implementation
• Undertake regulatory change implementation work, impact assessments and work alongside the business with the development and implementation of new processes following the identification (by Line 2) of regulatory change that could impact AM.
• Liaise with Line 2 to get input on the details of regulatory developments.
• Oversee monitoring on activities undertaken by both the business and staff to identify any areas of potential non-compliance with regulatory requirements and Compliance policies across a range of topics, including: Trade and Transaction Reporting, Derivatives, Financial Crime (incl. AML/ITC), ESG, Market Conduct
Other responsibilities
• Compliance enabling advice to support new business and investment proposals, and participation in projects / committees to support approval
• Monitoring on activities undertaken by both the business and staff to identify any areas of potential non-compliance with regulatory requirements and Compliance policies across a range of topics, including:
• Data Protection
• Market abuse, including e-comms, call recordings and trade surveillance
• Personal account dealing
• Gifts and entertainment
• Outside business activities
• Best execution
• PA dealing
• ITC, ABC, AML
• Conflicts of interests
• Provide support to the business with the management of compliance issues, regulatory breaches and mandate breaches, to ensure timely escalation, resolution and mitigation.
• Conduct oversight and monitoring of the KYC and other associated checks carried out by the business on investee companies ahead of direct investments
• Manage and maintain Line 1 wall crossing processes of pertaining to inside information and confidential business information, and ensuring regulatory requirements are met.
• SMCR incl. Senior Management Function Mapping, maintenance and oversight of SMF, CFH Registers and related Statement of Responsibilities.
• Regulatory support to Phoenix AM Senior Leadership and liaison with the Phoenix Regulatory Relationships team, Auditors and Regulators
Relationship Management and Reporting
• The role is expected to have frequent engagement with Line 2 Compliance, attend committees, and provide input to reporting for key Phoenix AM boards and committees., We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we've advertised and you believe that you can bring value to the role, we'd love to hear from you.
If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best. Find out more about #LifeAtPhoenix
• Guide for Candidates:
• Find or get answers from our colleagues
  
  Knowledge of Compliance regulations, rules and risks and incl. general understanding of Data Protection Regulations
• Financial Crime knowledge, specifically related to Counterparty onboarding requirements, but experience of onboarding Private Markets Counterparties is useful
• Good knowledge and understanding of financial instruments across asset classes, including equity, fixed income, derivatives, private markets investments
• Good analytical skills with ability to evaluate audit and assurance management performance
• Translating technical regulatory information in an format that is easily understood by a variety of audiences
Desirable experience
• Demonstrated relevant experience in the investment industry, either within a stand-alone asset manager or in-house asset manager (insurance)
• Strong experience of regulatory engagement and / or regulatory submissions
• Experience of engaging with Assurance functions
• Good understanding of SMCR
Personal Attributes
• Strong ability to communicate complex issues in a clear and concise written form.
• Good communication skills
• Ability to build strong and reliable relationships of trust with internal and external stakeholders.
• Ability to assign priorities to multiple activities while ensuring integrity, accuracy, and timeliness.
• Enthusiastic and positive approach, taking pride in output
• Team player who is solutions driven
Skills
• Proficient use of MS Excel, Word, PowerPoint.
  
  We want to be the best place that any of our 6,600 colleagues have ever worked.
We're the UK's largest long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We're a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we're not done yet.