Investments Compliance Lead

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Salary: £123,000
Closing date: Tuesday, 11 February 2025
Contract type: Fixed Term Contract - 12 months

The Wellcome Trust is a global charitable foundation. We improve health for everyone by funding science, leading policy and advocacy campaigns, and building partnerships.

We plan to spend £16bn over the next ten years, funding new discoveries in life, health, and wellbeing, and taking on three global health challenges: mental health, infectious disease and climate and health.

We are looking for an Investments Compliance Lead to join our team on a 12 months fixed term contract.

Where in Wellcome will I be working?

You will be leading and directing effective identification, assessment, management, monitoring, and mitigation of compliance and regulatory risk resulting from the operations of Wellcome's Investments Team working in the Legal (Investments) team reporting to Associate General Counsel, Investments.

What will I be doing?

In this role you will provide advice to ensure Wellcome's Investment team meet the regulatory requirements applicable to their activities. The successful candidate will be responsible for ongoing review of financial services regulation and best practice in the UK and elsewhere and making recommendations on (i) standards relevant to Wellcome Investment Team activities and (ii) how to implement such standards. You will also work with the Investment Executive, Wellcome's Legal team and Wellcome's Risk team to foster a strong control and compliance culture in the Investments team.

As Investments Compliance Lead, you will be responsible for:

1. Project work:
   • Reviewing the compliance manual for Wellcome's Investment Team and reporting on it to the Investment Executive and the Associate General Counsel (AGC), Investments including reporting whether the manual meets Wellcome's risk appetite and applicable risk tolerance levels.
   • Reviewing existing compliance training programs (including in relation to financial crime and personal account dealing/market abuse) and reporting on them to the Investment Executive and the AGC, Investments, as well as developing those compliance training programs required by the compliance manual which have not yet been implemented and embedding the personal dealing monitoring and approval software procured by Wellcome.
2. Ongoing work:
   • Scoping future resourcing requirements in relation to compliance activities relating to Wellcome's Investment Team, being the compliance officer for Wellcome's Investment Team and responsible for overseeing Wellcome's Investment Team's compliance program, and ensuring Wellcome's Investment Team adhere to legal and regulatory standards and in-house policies.
   • Providing advisory services to the Investment Executive and the AGC, Investments on compliance-related matters, providing ongoing compliance training programs in areas required by the compliance manual and advising on the requirements applicable to Wellcome's listed bonds, conducting internal reviews and audits to ensure compliance procedures are followed and that compliance is appropriately recorded and reported.
3. Contribute to a diverse and inclusive culture across the organisation, collaborating across departments.

Is this job for me?

We are looking for someone who possesses senior-level experience in financial services legal compliance with expert knowledge of UK and US regulations, especially those affecting asset managers, along with strong project management skills, the ability to balance multiple priorities, adapt to dynamic business needs, and confidently lead workstreams.

We are looking for someone who:

• Has experience working in a financial services legal compliance or risk and compliance role at a senior level, expert knowledge of regulation affecting financial markets including UK and US financial markets ideally with a focus on regulation applicable to asset managers.
• Project management experience with a proven history of balancing multiple competing priorities with the ability to adapt to the changing needs of the business while meeting deadlines and commitments in a sometimes fast-paced environment as well as the ability, confidence and willingness to lead workstreams where required.
• Demonstrated ability to apply risk appetite and tolerances to legal, regulatory and best practice requirements and to present the conclusions / make recommendations.
• Ability to spot and pre-empt issues and provide incisive, practical advice and counsel, or escalate to the Lead as required.

To apply please upload your current CV and complete our short application.

Interview dates: Fri, 21, Mon, 24 and Tue, 25 February.

Our Hybrid Way of Working

We understand that our colleagues have commitments and personal interests outside of work and we strive to build a flexible working environment, in which people can perform at their best. At Wellcome we have a hybrid way of working which is 3 days in our Euston Road offices (Tuesday, Wednesday and Thursday) with the remaining 2 days working either remotely or in the office.

Diversity and Inclusion is at the heart of everything we do

Diversity and Inclusion is a priority at Wellcome. We are committed to cultivating a fair and inclusive environment, where everyone can be themselves and thrive. We are happy to discuss flexible working options for all roles. We work to ensure that our recruitment processes are as inclusive as possible to everyone. This includes making adjustments for people who have a disability or long-term condition.

Upon a conditional offer being made, the successful applicant for this position will be required to undertake a Basic Disclosure and Barring Service (or equivalent) criminal record check to disclose any 'unspent' criminal convictions or conditional cautions under the Rehabilitation of Offenders Act 1974. The criminal record check will not show anything that is 'spent'.