Job Type
Mark Montgomery
7 months ago
My client is the worlds fastest growing social trading platform incorporating commodities, currencies, financial assets, stocks and cryptocurrencies who are looking to add a Head of Compliance in Australia to help structure the company from a regulatory standpoint as they continue to grow.

The business has historically been a pure play CFD provider but they launched a securities business in Australia back in May and they are signing up roughly 5/6K new customers each month. They are 55 heads with a view to be 65 by EOY 2020 and 100 Heads EOY 2021. The long term strategy is to move towards being a stockbroking business that offers CFDs on the side. To achieve this they need to hire someone with a strong background within MIS and working with ASIC to build a first class compliance culture within the business.

Role responsibilities
  • Lead and manage the Risk and Compliance framework under the company’s AFSL.
  • Monitor and oversee regulatory development, particularly related to MIS and relevant to the activities in Australia;
  • Inform relevant decision makers of relevant legal/regulatory updates;
  • Communication with / reporting to ASIC;
  • Compliance monitoring: quarterly review of all company operations in line with the regulatory guidelines AND audit findings;
  • Oversee and approve any verification-related training, particularly related to MIS;
  • Create reports for senior management and external stakeholders;
  • Ensure the company has appropriate structure / governance to which ASIC is notified;
  • Cooperate with the Product and Ops team to ensure the compliance function has the necessary reports required for ongoing monitoring;
  • Report directly to the Board.
  • Perform annual risk assessment.
  • Update local policies and procedures to reflect current regulatory requirements.
  • Oversee and approve any marketing materials
  • Supervise the AML Compliance Function, especially for client onboarding and verification.
  • Maintain the company’s legal documents (PDS, T&C’s) in conjunction with the Legal Department.
  • Ensure the Product and Ops team provide the necessary reports required for ongoing compliance monitoring.
  • Ensure all compliance and governance matters are escalated to senior management and to the Compliance Committee.
  • Implement Committee and Board decisions as required.

Job Prerequisites:
  • Previous MIS experience – minimum 3 years
  • Academic Degree – Finance or Legal desired
  • Previous job experience in a related field – minimum 3 years
  • Extensive knowledge and experience with MIFID directives & ASIC regulations
  • Open to creative solutions & business innovation; a team player
  • Strong communication and presentation skills; must be comfortable to communicate with the senior management and the regulator
  • Strong verbal skills

For further information on this role or to confidentially apply, please contact Mark Montgomery on 02 8227 9200 or apply directly via the Apply for this job button. Only WORD FORMAT resumes will be accepted.