Chief Compliance Officer & General Counsel
Chief Compliance Officer & General Counsel
Role Title: Chief Compliance Officer & General Counsel
Reporting to: The Chief Executive and the Board, London
Direct Reports: None
Payden & Rygel Global Ltd (PRGL) have a newly created role of Chief Compliance Officer (CCO) & General Counsel (GC) that will support all business lines, the CEO and the Board. The CCO & GC will assume responsibility for its Compliance, Legal and Governance duties and obligations. This will include the provision of technical compliance and regulatory assistance to PRGL investment activities; liaison with all regulatory and enforcement agencies; to oversee a comprehensive compliance monitoring programme and to manage regulatory developments and change.
The function is fully supported by tier 1 lawyers and compliance consultants in all relevant jurisdictions.
- To provide strategic and legal advice to the CEO, the Board and business teams
- To advise the CEO and the Board on matters of corporate governance and risk management, including reputational risk.
- Act as the interface with the Global GC and ensure alignment with the US business
- Attend management meetings and risk committees
- To attend meetings with senior executives and represent PRGL with stakeholders, banks, Investors, prospective partners and regulators
- Oversight of the legal, compliance and governance requirements of the recently established Milan branch and any future European offices.
Governance and Compliance
- Manage and develop a ‘best in class’ corporate compliance programme, becoming the CF10 and CF11 holder for PRGL
- Partner with and educate business divisions in order for them to take ownership of their own risk and compliance issues
- Assess bribery & corruption risks and create appropriate AML/KYC policies and standards to meet regulatory requirements
- Act as Company Secretary for PRGL European businesses, managing the board agendas and attendance
- Maintain a governance framework in line with the strategic direction of the business
- Oversight and management of the compliance, legal and governance needs of the Payden Global Funds Plc UCITS ($5bn)
Experience and Attributes:
- At least 7 years of high-level, relevant legal and compliance experience
- Experience providing legal support for regulatory matters, drafting, negotiating and interpreting financial services regulatory advice and agreements
- Familiarity with UK and EU legal regimes. Experience in this context of compliance and asset management activities is essential. Exposure to US regulation would be advantageous but it is not a prerequisite.
- Proactive thinking around regulatory change, application of independent thought and an ability to confront difficult issues
- Experience managing and advising on compliance risks across an asset management business and reporting thereon to senior management and at Board level;
- Experience producing and amending compliance manuals, practices and procedures and developing and maintaining a compliance regime
- Extensive exposure to interpreting and advising on regulations such as MIFID II, FATCA, PRIIPs and EMIR, advising on appropriate changes to any compliance programmes and business practices
- A detailed knowledge of the investment fund (particularly UCITS) rules and the FCA requirements in respect of maintenance
- Working knowledge of trading documents such as collateral management, segregated accounts and ISDA’s is highly desirable, but not essential
- A pro-active and flexible attitude with the ability to demonstrate initiative, attention to detail and reliability;
- An open-minded, engaged and interested approach to ensure the pursuance of the highest standards of compliance throughout the business
- Excellent interpersonal skills, with an ability to communicate clearly and effectively at all levels, both internally and externally. Superlative written English is imperative;
- Exceptional academic credentials.
- Law firm experience. Selecting and overseeing law firms will be a major responsibility. Experience as a partner in a substantial law firm is a plus.
- Ability to maintain and develop relationships with external advisors, regulators and industry peers.
- Ability to work under pressure and to tight deadlines;
- First class organisational skills;
- Preferably a UK qualified solicitor or barrister.
How To Apply:
For a confidential discussion about the opportunity or to apply please contact Fiona Gibb at Halliford Partners using email@example.com (via the apply section below).
Halliford Partners is exclusively retained by Payden & Rygel Global Ltd.