Head of UK Compliance - MD - Based in London

Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, equities and alternatives.  Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future.  For more information about the firm please visit our website.

Overview of the Role

The UK Head of Compliance, will support and assist the Head of Compliance & Operational Risk, Europe & APAC in developing and maintaining the Nuveen compliance framework, together with the related execution of the compliance program in support of the UK and wider Europe & APAC businesses.

The Compliance function provides advice to senior management on regulatory matters and regulatory change as well as providing independent monitoring/testing to ensure the business continues to operate within the appropriate regulatory standards, internal policies and industry norms.

This role will look to focus on the execution of the compliance program in support of the UK businesses as well as providing Group Compliance support to the Nuveen Europe & APAC regulated entities.

This is a key hire and requires the candidate to engage with Nuveen Senior leadership, Local UK CEO and Directors, key business stakeholders and international colleagues, including our partners in Compliance in the U.S. The ability to engage and deliver on key change initiatives is critically important.

The jobholder will also be required to communicate with the FCA effectively on behalf of the business and must therefore possess a high degree of credibility and gravitas in order to drive the compliance agenda forward.

Key responsibilities will include:

• Lead from a Compliance perspective the advisory and oversight activities in the United Kingdom particularly relating to the Real Estate, Sales & Distribution (GCG), Product and Fixed Income activities. Support the establishment of public-side portfolio management capabilities in the UK;

• Oversee and ensure the ongoing effectiveness and implementation of all Compliance policies and procedures across the UK business as well as collaborate with Europe & APAC Compliance colleagues as required. Conduct policies reviews at least annually;

• Perform and manage the Europe & APAC Compliance Risk Assessment programme as it applies to the Europe & APAC regulated entities and work at designing and executing an effective Compliance Monitoring programme applicable to the regulated activities that complements the Compliance Testing programme;

• Attend and present Compliance Papers at the relevant UK regulated Boards and Europe & APAC Governance Committees;

• Provide thought leadership, guidance, and drive implementation with respect to the compliance aspects for regulatory matters, implementation of Group programmes and regulatory change as it relates to Nuveen UK business;

• Work across the UK business to review and oversee Client Money controls (CASS) and manage Compliance interaction with the external auditor;

• Liaise with the business in relation to regulatory issues identified and ensuring remedial action points are followed up, including close collaboration with Operational Risk colleagues;

• Conduct training of the business in various compliance policies, procedures and provision and implementation of Computer Based Training modules;

• Represent Compliance on ad hoc projects and initiatives as required from time to time;

• Liaise and develop compliance contacts across the Nuveen affiliates and Group Compliance.

• Responsible for overseeing the Code of Ethics Compliance functions. Lead with Nuveen-wide engagement on group wide policy initiatives pertaining to Code of Ethics.

• Act as Deputy Head of Compliance for Europe & APAC as and where required.

Technical Skills & Qualifications Required

• Experience of compliance working in an institutional asset management business

• Extensive experience with MiFID II requirements relating to product, distribution and trading/portfolio management.

• Experience working in a global organisation is advantageous.

• The candidate will also take a keen interest in regulatory developments particularly those that impact clients

• Experience in managing compliance functions and personnel.

• Sound knowledge of regulatory requirements and principles especially, but not limited to, those set by the Financial Conduct Authority.

• AIFMD knowledge

• Demonstrable experience of private funds registration and distribution

• Compliance related qualification desirable.

• Candidate must have SM16 certification in prior role.

Competencies Required

• Proven team management and leadership skills with the ability to motivate and develop a dedicated compliance team

• Excellent judgement, communication and influencing skills

• Detail conscious and tenacious approach to dealing with regulatory matters but also the ability to see the bigger picture.

• Excellent organisation skills, including the ability to prioritize work. 

• Highly effective interpersonal skills, resulting in the ability to liaise with all levels of staff and management.

• Strong written and verbal communication  skills.

• Model the values of the wider Nuveen & TIAA Group.

This is level 10 People Leader role.

This role requires SMF16 regulatory designation.

Nuveen is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.

Nuveen offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. Please contact [email protected] should you require any assistance.

Related Skills

Adaptability, Business Process Understanding, Compliance, Compliance Trends, Critical Thinking, Detail-Oriented, Influence, Relationship Management, Risk Monitoring, Strategic Thinking

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Company Overview

Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, listed equities and alternatives.  Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future.  For more information about the firm please visit our website at www.nuveen.com

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. 

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team: 

Phone: (800) 842-2755

Email: [email protected]

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