Job Description

Join LGPS Central at a pivotal moment-where investment meets long term impact.

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We are looking for a proactive and motivated Compliance Manager to join our Legal, Compliance & Risk team at LGPS Central. Reporting to the Senior Compliance Manager, you will play a key role in ensuring the effective operation of our compliance framework and supporting the business in meeting regulatory obligations.


This role is central to ensuring we meet the highest regulatory and governance standards as we deliver on our Fit for the Future plan and prepare for Pool growth in line with Government ambition.

What you'll be doing:

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As a Compliance Manager, here is a flavour of what you'll get involved in:

Support the Senior Compliance Manager implement a robust compliance strategy and framework during a period of sustained growth for LGPS Central. Promote and embed a strong compliance culture across the company. Manage the execution and ongoing review of the Compliance Monitoring Programme, to ensure risks are accurately identified and monitored. Provide proactive compliance advice to first and second line teams in relation to general compliance topics, including product development, FCA handbook requirements (e.g., PROD, COLL), and policies and procedures. Support the Senior Compliance Manager with the timely reporting (to the Depository and other parties as required) and resolution of compliance related incidents, including identification of "lessons learnt". Support with the oversight of investment guideline monitoring in Bloomberg. Support with horizon scanning activities, the review of regulations and legislation, and how they impact LGPS Central. Support the execution of the compliance training programme, ensuring staff are informed of regulatory obligations and best practices. Support the MLRO and Senior Compliance Manager execute the financial crime framework, including KYC/CDD checks and their ongoing review. Review and monitor outsourced service providers to ensure compliance with mandates. Support the development and maintenance of Compliance policies and procedures. Support with the preparation of compliance reviews by regulators, clients, and other third parties, including follow up actions.

About Us

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LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for eight local authority pension funds across the Midlands. LGPSC is jointly owned on an equal shares basis by those Partner Fund, and it is responsible for managing 45bn+ of their assets. It is one of eight Local Government Pension Scheme (LGPS) asset pools in the UK.


LGPS Central's Partner Funds are:

Cheshire Pension Fund Derbyshire Pension Fund Leicestershire Pension Fund Nottinghamshire Pension Fund Shropshire Pension Fund Staffordshire Pension Fund West Midlands Pension Fund Worcestershire Pension Fund

The Company is committed to responsible investment and has made responsible investment a core part of the investment process in every asset class.


LGPS Central offers a friendly and diverse, hybrid working environment with a range of employee benefits. The Company moved to new premises at i9, Wolverhampton Interchange in January 2022, close to local transport links.


Our objective is to be a leading investment management company working with and for our Partner Funds. With a focus on value for money and performance we want to aspire to be one of the best because this is how we will deliver the superior investment returns and low costs for our Partner Funds.

Requirements

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Experience

Relevant compliance experience (4 years+) in an FCA regulated environment, ideally asset management. Experience of direct line management is desirable but not essential.

Knowledge

Knowledge and experience of UK regulations, including AIFMD and MiFID II. Knowledge and experience of the FCA Handbook, including COLL, COBS, and ESG. Understanding of public and private fund structures. For example, collective investment schemes and limited partnerships. Familiarity with compliance frameworks and monitoring programmes. Familiarity with investment guidelines (e.g. in fund offering documents) and their monitoring. Knowledge of financial crime compliance (including AML and MAR) is desirable but not essential.

Competencies

Excellent communication skills. Able to translate complex and technical matters into clear and relevant guidance. Strong problem solving skills, with a pragmatic approach to resolving issues. Excellent writing and presentation skills. Able to motivate and inspire colleagues, promoting a high performance culture within the Compliance Team. Detail orientated with strong organisational skills to manage competing priorities. Strong interpersonal skills and able to build effective relationships at all levels internally and externally. Active participant in professional development, with an interest to further advance their compliance knowledge.

Qualifications

Relevant compliance/industry qualification (e.g. CISI, ICA) is desirable but not essential. A degree (e.g. law, finance) is desirable but not essential. Familiarity with LGPS or public sector pensions is desirable but not essential.

What do we offer?

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We are proud to provide our people with a premium and exclusive benefits package and we are continually improving the rewards we offer. Here are a few of the valuable rewards that you will enjoy:

Competitive salary An enhanced and generous Pension Scheme 30 days' paid holiday plus bank holidays 2 days paid volunteering days An extra paid Company Day in addition to paid holidays Excellent Learning & Development Opportunities Welfare and Family friendly policies Enhanced pay for new parents Access to our Employee Assistance Programme 247 Health & Wellbeing Support Vitality Private Medical Insurance Hybrid Working Company Service Awards Cycle to Work Scheme Company Electric Vehicle Scheme Nominees of the Family Friendly Employer of the Year 2022 Personnel Today Awards 2022 Winner of the Cultural Awareness Initiative of the Year FT Advisors Diversity in Finance Awards 2023 * Winner of Diversity and Inclusion Award LAPF In Investments Award 2023