FX Compliance Manager – Brokerage
Location: City of London
Reports to: MLRO
Employment Type: Full-time
Salary £70-85K ( Neg)
Urgent Hire : Interviews will be commencing from November 17th
Role Overview
The FX Compliance Manager will lead all compliance and regulatory activities within a high-growth FX brokerage. This role is responsible for ensuring the firm’s FX trading, client onboarding, sales practices, marketing, and operational processes meet all regulatory requirements. The successful candidate will bring hands-on brokerage experience, strong knowledge of AML/CTF frameworks, and the ability to implement effective governance across fast-moving trading and sales environments.
Key Responsibilities
Regulatory Governance & Oversight
- Ensure full compliance with FCA regulations, MiFID II, AML/CTF rules, and other applicable FX/CFD brokerage standards.
- Maintain and enhance the compliance framework, including policies, procedures, and internal controls tailored specifically to FX brokerage operations.
- Monitor regulatory updates relevant to FX, CFDs, leverage rules, appropriateness assessments, and client classification.
Client Onboarding, AML & KYC
- Oversee all KYC/AML processes for retail and institutional clients, including EDD for high-risk jurisdictions and high-volume traders.
- Supervise ongoing monitoring, sanctions checks, and investigations of suspicious activity.
- Ensure client documentation, agreements, and disclosures are accurate and compliant at all times.
Trading & Operational Monitoring
- Monitor trading activity for potential market abuse, scalping concerns, spread manipulation, or other suspicious patterns.
- Verify adherence to best execution requirements and maintain execution quality reports.
- Support compliance reviews for new trading products, platform enhancements, and partnerships with liquidity providers.
Sales, Marketing & Communications
- Review and approve marketing materials, website content, broker communications, and promotional campaigns to ensure adherence to FCA financial promotion requirements.
- Provide continuous guidance to sales teams regarding responsible communication, product disclosure, and fair client treatment.
- Conduct call monitoring and review client interactions for conduct and suitability concerns.
Compliance Monitoring, Audit & Reporting
- Lead the compliance monitoring programme specific to FX brokerage workflows.
- Conduct periodic internal audits, thematic reviews, and remediation plans.
- Prepare executive reports for senior management, boards, auditors, and regulatory bodies.
Training & Culture Development
- Provide regular compliance and AML/CTF training tailored to FX brokers, sales desks, operations teams, and support staff.
- Foster a strong compliance culture across the brokerage, emphasising transparency, client protection, and regulatory integrity.
Qualifications & Experience
Essential:
- Significant compliance experience within an FX brokerage or Payments environment.
- In-depth understanding of FX trading operations, retail client workflows, and relevant regulatory obligations.
- Strong knowledge of AML/CTF practices, transaction monitoring, and risk-based onboarding.
- Ability to interpret regulatory requirements and apply them effectively in a high-volume brokerage.
Desirable:
- Compliance qualifications (ICA, CAMS, CISI, or similar).
- Experience interacting with regulators or supporting regulatory inspections.
- Knowledge of EMIR reporting, leverage restrictions, and cross-border licensing frameworks.
Skills & Competencies
- Strong analytical and investigative capabilities tailored to trading environments.
- Confident communicator able to challenge and guide front-line teams.
- Excellent attention to detail with a proactive, solution-driven approach.
- Comfortable operating in a fast-paced, commercial brokerage.
What They Offer
- Competitive compensation and performance incentives.
- A key role within a rapidly expanding FX brokerage.
- Professional development and exposure to global FX markets.