Investments Compliance Lead, Wellcome
Fixed Term Contract, 12 months
$123k
More information about location
3 days a week in office (Euston Road, London)
Global charitable foundation for science research
Be an early applicant
Global charitable foundation for science research
1001+ employees
Be an early applicant
$123k
More information about location
3 days a week in office (Euston Road, London)
1001+ employees
Company mission
Wellcome's mission is to support science to solve the urgent health challenges facing everyone.
Role
Who you are
- The ideal candidate 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
- 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 work 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 escalation the Lead as required
What the job involves
- We are looking for an Investments Compliance Lead to join our team on a 12 months fixed term contract
- 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
- 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
- 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
- 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
- Contribute to a diverse and inclusive culture across the organisation, collaborating across departments
Application process
- Closing date: Tuesday, 11 February 2025
- Interview dates: Fri, 21, Mon, 24 and Tue, 25 February
Salary benchmarks
Our take
The Wellcome Trust was originally founded in 1936 to fund medical research and has since grown into the UK’s largest private scientific research fund, and one of the wealthiest charities in the world. Disbursing over £1 billion in funds a year, it has provided funding to numerous medical research projects in its focus areas of mental health, climate & health and infectious diseases. These include the Cancer Genome Project and the Ebola Emergency Initiative.
Wellcome's recent decision to divest itself of its shares in fossil fuels has also relieved it of a persistent source of controversy, as this was potentially hindering the credibility of its climate change research. Wellcome has since partnered with the World Economic Forum to collect data on how climate change is affecting health worldwide.
The company is also moving to adjust to a more global role. The majority of its funding has historically been allocated to UK firms, but as climate change and infectious diseases know no borders, neither does research into solutions to these problems. ln 2019 it established an office in Berlin to strengthen its scientific links in the EU and to allow it to more easily fund important research outside of the UK.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Holiday – 25 days’ holiday a year plus bank holidays (and we usually close between Christmas and New Year)
- Pension (defined contribution plan) – you contribute at least 3% and we pay in 15% of your salary
- Income protection – to maintain your income if you have a prolonged illness or disability
- Life assurance – four to six times your basic salary if you’re a member of our pension plan
- Interest-free travel season ticket loan
- Private medical insurance – we pay the cover, you pay the tax (and you can pay to add dependants)
- Gym and fitness classes – free membership to on-site gym and subsidised fitness classes and treatments
- Employee assistance programme – free, independent 24/7 help and advice for work-related issues as well as problems affecting your home life
- Mental health support – our network of mental health first aiders can be a first point of contact, or help while you're receiving professional help
- Health assessments (free and voluntary) – after you’ve been here for one year, then every two years after that
- Occupational health – annual eye tests and flu jabs, as well as job-related vaccinations
- Flexible working – we make every effort to support flexible working, including flexible working hours and remote working (we respect people's different working preferences and the need for a healthy work-life balance)
- Flexi-leave scheme – you can buy or sell up to five days of your holiday entitlement a year
- Staff social club – a range of sports teams and fun events throughout the year
- Volunteering – we give you up to four days' paid leave a year to contribute to our local community
- Give As You Earn – allows you to make tax-free donations to the charities you care about
- Cycle-to-work scheme – we offer at least 25% discount on bikes and cycling equipment and we have secure cycle storage, lockers and showers
- Subsidised restaurant and cafe
- Wellcome Collection discounts – 20% off food, drink and gifts from our cafe, restaurant and shop
- Discounts through Perkbox – shopping, restaurants, cinema tickets, phone insurance and gift cards
Company values
- We make it count
- We act boldly
- We stretch ourselves
- We pull together
Company HQ
London, UK
Articles
Leadership
Jeremy Farrar
(Director, not founder)Has been Director of the Wellcome Trust since 2013. Before that was Director of Oxford Clinical Research Unit, working on research and clinical trials for diseases in Vietnam.
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