Family Office
MLRO / Senior Compliance Manager
£70k - £80k
Mayfair, London (3 days per week in the office)
My client are recruiting for a MLRO or a Senior Compliance Manager who wants to be ready to be a MLRO in a year.
The Company
A London based Multi Family Office that provides bespoke, independent and solution-focused financial services to UK and International UHNW individuals and families.
Focussed predominately on clients based in South East Asia such as Singapore & Hong Kong. They have also just set up a Cayman offshore fund.
One founders background is in implementing AML systems into banks (Investment, Corporate & Retail). Including creating a bespoke systems for HSBC after the Mexican drug cartel money laundering crisis. He currently looks after Finance, Operations, HR & Compliance.
The other founder used to run the China desk at Barclay’s and is responsible for sales.
They became regulated in May 2023 and since then have grown to have £50m AUM.
Company currently has 8 total members and they are looking to push on this year.
The Role
The current SMF16/17's background is in AML systems rather than regulatory compliance.
He had enough knowledge to get approved by the FCA and get the company to where it is today. However, he would like a senior regulatory SME to come in and own this whole piece and become the SMF16/17.
They are only onboarding a few people per quarter (The aim is to have less clients but high assets). However, as most of the clients are from Asia the onboarding cases can involve some complex and interesting work.
While not onboarding or reporting, there will be a chance to review all of the policies, procedures, frameworks etc… and update them so my client become the gold standard of compliance.
Nice to haves
* Mandarin/Cantonese
* Wealth Management/Family Office expertise
* Startup expertise
* Experience dealing with Singapore / Hong Kong / Chinese speaking clients