ROLE TITLE
Interim Compliance Officer (SMF16) and Money Laundering Reporting Officer (SMF17)
This role forms part of a small, high-performing Legal and Compliance team supporting the wider NextEnergy Group. The team currently comprises the Group Head of Legal and Compliance, two lawyers and a Company Secretarial professional. While working closely with colleagues across the Group, the successful candidate's primary focus will be on supporting NextEnergy Capital Limited, its investment management activities, and the associated legal, regulatory, governance and transactional matters arising from its operations.
REPORTS TO
Chief Investment Officer (SMF3) and Group Head of Legal & Compliance
LOCATION
London
ABOUT THE FIRM
NextEnergy Capital Limited ("NEC") is the investment management business of the NextEnergy Group, a specialist renewable energy infrastructure manager with approximately US$5 billion of assets under management. Established in 2007, the business manages capital on behalf of institutional investors globally through a range of renewable energy and energy transition investment strategies. As part of the wider NextEnergy Group, NEC works across the full renewable energy value chain, including the development, acquisition, financing, operation and management of renewable energy assets internationally.
This role is focused solely on the activities of NEC and its investment management business, and does not extend to the wider operational, development or asset management activities undertaken elsewhere within the NextEnergy Group.
ROLE PURPOSE
To act as the FCA-approved holder of the SMF16 (Compliance Oversight) and SMF17 (Money Laundering Reporting) functions for NEC, ensuring that the Firm maintains effective systems and controls to comply with its regulatory obligations and manages financial crime risk in accordance with FCA requirements, the Money Laundering Regulations 2017, JMLSG Guidance and applicable legislation.
The role holder is responsible for providing independent second-line oversight of the Firm's regulatory compliance and financial crime framework, advising senior management on regulatory matters, monitoring compliance with applicable laws and regulations, and promoting a strong culture of integrity, conduct and compliance throughout the Firm.
KEY RESPONSIBILITIES
SMF16 – Compliance Oversight & SMF17 Money Laundering Officer
Regulatory Framework
- Maintain and oversee NEC's compliance framework.
- Ensure the Firm has appropriate policies, procedures and controls to comply with FCA requirements.
- Maintain an up-to-date regulatory inventory and horizon-scanning process.
- Advise senior management on regulatory developments and their impact on the Firm and potential solutions to mitigate.
Compliance Monitoring
- Develop and maintain a risk-based Compliance Monitoring Programme.
- Monitor the effectiveness of policies, procedures and controls.
- Track, report and oversee remediation of identified compliance issues.
- Provide independent challenge to first-line business functions.
Governance and Reporting
- Prepare regular compliance reports for the Board of NEC, relevant committees and the executive leadership team.
- Escalate material regulatory breaches and control weaknesses.
- Maintain appropriate management information and key risk indicators.
- Support governance arrangements relating to SMCR, Conduct Rules and regulatory responsibilities.
Regulatory Engagement
- Act as principal compliance contact with the FCA.
- Coordinate regulatory submissions, notifications and correspondence working with the relevant functions across the business including Finance and HR.
- Oversee regulatory inspections, information requests and thematic reviews and proposing solutions to senior business leaders for any issues/ gaps identified.
Conduct and Culture
- Partner with senior business leaders to promote a positive compliance culture across the Firm, setting it up as a business enabler.
- Lead compliance training and awareness programmes.
- Support implementation of programmes that meet the FCA's expectations regarding culture, governance and non-financial misconduct.
Financial Crime Framework
- Maintain and oversee the Firm's AML/CTF and sanctions framework.
- Ensure compliance with the Money Laundering Regulations, Proceeds of Crime Act, Terrorism Act and FCA requirements.
- Maintain the Firm's Financial Crime Risk Assessment.
- Suspicious Activity Reporting
- Customer Due Diligence and KYC
- Oversee KYC and due diligence arrangements across the Firm.
- Ensure appropriate verification of customers, investors, counterparties, acquisition targets and relevant beneficial owners where required.
- Provide oversight of outsourced AML and KYC providers.
- Monitor enhanced due diligence requirements and high-risk relationships.
- AML Monitoring and Assurance
- Conduct periodic reviews of AML controls and procedures.
- Review breaches, incidents and financial crime trends.
- Ensure timely remediation of identified weaknesses.
- Report regularly to senior management and the Board on financial crime risks and mitigation activities.
Training and Awareness
- Ensure staff receive all appropriate compliance-related training including the annual COCON and SMCR refreshers, AML and financial crime training.
- Monitor attendance of training and report in a timely manner to Board/HR (for annual certification purposes)
- Promote awareness of reporting obligations and tipping-off offences.
- Maintain evidence of training completion and effectiveness.
Senior Manager Responsibilities
The role holder will:
- Maintain the Statement of Responsibilities for all relevant roles approved by the FCA.
- Be accountable for the prescribed and allocated responsibilities assigned under SMCR.
- Ensure reasonable steps are taken to discharge their responsibilities effectively.
- Maintain adequate records demonstrating compliance with the Senior Manager Conduct Rules.
- Cooperate fully with regulators and internal governance bodies.
SKILLS & EXPERIENCE
Essential
- Experience in FCA-regulated asset management, investment management or fund management businesses.
Strong understanding of:
- AML/CTF legislation.
- FCA Handbook requirements.
Desirable
- Experience within private funds, infrastructure, renewable energy or asset management sectors.
- Compliance or risk qualification.
- Experience implementing compliance technology and governance frameworks.
Personal Attributes
- High integrity and sound judgement.
- Independent and willing to challenge constructively.
- Strong stakeholder management skills.
- Excellent written and verbal communication skills.
- Pragmatic and risk-aware approach.
- Ability to operate effectively with senior executives, Boards and regulators.
KEY SUCCESS MEASURES
- Effective operation of NEC's compliance and financial crime framework.
- Timely identification and remediation of regulatory risks.
- High-quality Board and committee reporting.
- Successful management of FCA interactions and regulatory submissions.
- Completion of risk-based compliance monitoring activities.
- Delivery of AML and compliance training programmes.
- Demonstrable compliance with SMCR "reasonable steps" expectations.
HOW TO APPLY
If you are interested in this opportunity, please follow the link to apply or send your application to [email protected]. If you have been shortlisted for the next stage, we will be in contact within 14 days.
By selecting "Apply" or sending us your CV, you indicate you have read and acknowledged NextEnergy Group's Candidate Privacy Notice.
DIVERSITY AND INCLUSION
Our approach to diversity and inclusion is a natural extension of our values. Our entrepreneurial culture inspires us to try new things, be open to different viewpoints and be bold. Our Group is committed to cultivating and preserving a culture of connectedness that values difference and gives space for individual expression. The collective sum of our individual differences, life experiences, knowledge, innovation, self-expression, and talent and hard work form the bedrock of who we are and who we aspire to be.
We are committed to equal employment and advancement opportunity irrespective of race, color, ancestry, social background, religion, gender, national origin, sexual orientation, age, citizenship, marital status, disability and gender identity.
