Head of Compliance & Money Laundering Reporting Officer

• BII is regulated by the FCA as a MiFID-exempt Venture Capital firm. It conducts business on its own account and does not hold client assets.
• The Compliance team plays an important role in reinforcing BII’s reputation as a responsible investor; ensuring BII meets its regulatory commitments with respect to the FCA; having systems and controls in place to counter the risk that BII might be used to further financial crime; and working to enhance private sector standards in financial crime management in our target geographies. The breadth of countries BII operates offers a width berth of compliance regimes to understand and apply.
• The Head of Compliance will focus on the effective management of regulatory compliance risk and the design and implementation of policies, procedures and controls to manage compliance risk, as well as overseeing the operations of the Compliance team. In parallel, the Head of Compliance will promote the importance of compliance both within and outside BII.
• The holder of this role will hold Senior Manager Functions 16 & 17 under the Senior Managers & Certification Regime and will be subject to applicable rules under the regime.

• Assume responsibility for the SMF16 and SMF17 controlled functions, including oversight of the firm’s policies, procedures and controls relating to compliance and money laundering risk and reporting to the firm’s governing body with respect to these risks. Holder of the prescribed responsibility for financial crime, as set out in FCA rules (see Statement of Responsibility).
• Support the design, implementation and management of controls designed to meet BII’s FCA regulatory requirements effectively and efficiently.
• Handle compliance matters and queries arising from BII’s operations in relation to FCA requirements, data protection and the Freedom of Information Act. This includes compiling all relevant FCA regulatory returns and managing all data protection and Freedom of Information Act requests.
• Manage and oversee the day-to-day work of the compliance team which comprises fourteen
• Manage and oversee all reports received through BII’s internal whistleblowing and external complaint handling arrangements and provide appropriate compliance-related input to such reports.
• Ensure the effectiveness of current policies, procedures and controls by undertaking monitoring of selected areas in line with a risk-based compliance monitoring programme and assist with the ongoing enhancement of that monitoring.
• Identification, assessment and mitigation of compliance risk, including updates to compliance risk registers as required. This will include managing and operating IT systems which support the BII’s compliance programme.
• Assist in the drafting and updating of firm and group-wide policies and procedures and deliver compliance training to the business.
• Keep abreast of UK compliance requirements relevant to BII’s operations, as well as understanding the compliance obligations in the other countries in which BII operates and assist in responding to regulatory change where required.
• Research the regulatory implications of new products or initiatives being considered by BII.
• Develop the investment teams’ knowledge of compliance requirements by delivering tailored training and updates at team meetings.
• Prepare MI reports on compliance and regulatory issues for senior management ahead of Board and senior management meetings.
• Support the team’s internal and external communications programme. This will include overseeing the Compliance intranet site.
• Provide advisory support to the business, including the Business Integrity team.

• Detailed knowledge of FCA compliance requirements for UK regulated financial institutions, particularly in private equity, asset management or investment banking;
• Extensive experience in oversight of compliance and understanding of financial crime AML controls in a UK regulated financial institution, with at least five years in private equity, asset management, investment banking or alternative investment fund management. Experience with operations across multiple jurisdictions and experience with an alternative investment fund manager or private bank would be advantageous.
• Demonstrated interest in emerging markets, especially BII’s target geographies in Africa and South Asia.
• Experience in effectively managing people in a small team environment.
• University degree and preferably a postgraduate qualification in a relevant discipline.

• Strong knowledge of the FCA Handbook, the UK Money Laundering Regulations 2017 and the JMLSG Guidance Notes (or similar regulatory regimes).
• Experience in the design, implementation and management of controls relating to the relevant FCA requirements.
• Sound knowledge of and experience in implementing personal data related legislation.
• Knowledge of a range of compliance methodologies, tools and techniques.
• Experience in developing policies and procedures, as well as preparing and delivering training.
• Experience with the management of controls relating to market abuse and conflicts of interest.
• Proven capability in evaluating and developing the compliance framework for new operating structures.
• Experience in managing compliance across offices in several different jurisdictions, including emerging market jurisdictions.
• Existing thematic knowledge of integrity and compliance issues in BII’s target geographies would be beneficial.
• Financial crime compliance, preferable in private equity or investment banking.
• Managing AML/CTF, sanctions or anti-corruption issues within the UK financial services sector.
• Sound research and analytical skills.
• Confident and articulate, with excellent written and verbal communication skills
• Proactively identify and address issues and assess the strategic implications

• Systematic approach to work with an attention to detail.
• Clear ability to look and plan ahead.
• Working knowledge of anti-bribery and corruption legislation and the UK/EU sanctions regime.
• Knowledge of KYC documentary.
• Proficient in managing diverse views and developing a consensus around standards.
• Demonstrated ability to independently manage and prioritise a busy and diverse workload with a range of deliverables for a variety of stakeholders.
• Strong team player who enjoys working as part of a close team and willing to collaborate and support the team on a variety of different initiatives and tasks.
• Highly motivated and results driven. Competence in one or more languages relevant to BII’s target geographies would also be an advantage.
• Candidates should be strongly motivated by BII’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity

• Impact-led, commercially rigorous
• Tenacious in the face of challenges
• Collaborative and caring

British International Investment