Compliance 2020: Impact on a Personal and Business Perspective

 

Another year passes and more regulations have been added to the agenda.

With the introduction of the Senior Managers and Certification Regime (SMCR), it’s now personal as individuals must take responsibility for the firm’s actions. Add to this the mass uncertainty surrounding the word people fear to mention (‘Brexit’), there is no respite for the UK wealth management industry.

Continuing the theme from previous years, Compeer will be running a series of interviews with senior Compliance professionals in the industry to understand how the firms are coping, what major changes they have implemented and where do they see the industry going forward? SMCR and Brexit will be hot topics within the interviews along with other key themes such as RegTech.

We will be delighted to share the findings at our next Compliance conference and invite you to join us. Also hear the views from a selection of guest speakers with expertise in these areas.

 

VIEW THE E-BROCHURE BELOW:

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VIEW VIDEOS OF THE CONFERENCE BELOW:

Ian Cornwall (PIMFA)

Alia Taub (SMCR Focus) & Tim Bailey (1st Risk Solutions)

Tom Thwaites (Compeer) & Jeffrey Mushens (TISA)

Wealth Management Panel Session

Event Information

08:15 – 09:00    Registration and Breakfast

09:00 – 09:05    Introduction: Master of Ceremonies

09:05 – 09:35    Ian Cornwall, PIMFA – “Snapshot of Key Issues for 2020 and beyond”

09:35 – 09:55    Alia Taub, SMCR Focus – “SMCR’s Values in Leadership + SMCR Q&A”

09:55 – 10:15    Rosalyn Breedy, Wedlake Bell – “The changing face of Compliance”

10:15 – 10:35     Jeffrey Mushens, TISA – “The hot topics in regulation”

10:35 – 11:05     Networking Break

11:05 – 11:25     Tom Thwaites, Compeer – “Research Findings”

11:25 – 11:45     Tim Bailey,  1st Risk Solutions – “Reg tech – Improve your Compliance, reduce your Cost”

11:45 – 12:25     Wealth Management Panel Session

Steve Jones (Charles Stanley), Penny Rooney (Killik & Co), Robert Nieves (Saunderson House), David Maxwell (Stonehage Fleming)

12:25 – 12:30     Summary: Master of Ceremonies

12:30 – 13:30     Networking and Canapés

Ian Cornwall, Director of Regulation, PIMFA

Ian has over 30 years’ experience as a risk and compliance professional. He started his regulatory career in 1986 with the Surveillance Division of the London Stock Exchange which evolved into The Securities Association, which regulated stockbrokers, where he was a senior manager. He spent many years as a main board members and Compliance Director of one of the largest private client investment managers and stockbrokers in the UK.

Ian is Director of Regulation at the Personal Investment Management & Financial Advice Association (‘PIMFA’). His role entails constant contact with the UK regulator, the FCA, at all levels and other organisations such as HM Treasury, Financial Ombudsman Service and the Financial Services Compensation Scheme. He is involved all areas of policy development and provides regulatory support to PIMFA’s member firms.

Ian is a Fellow of the Institute Chartered Accountants in England and Wales and a Chartered Wealth Manager. In 2009 he was voted by his peers Compliance Personality of the Year! He speaks regularly on a range of regulatory topics.

Alia Taub – Founder, SMCR Focus

Alia Taub is a business transformation specialist. A seasoned entrepreneur herself, Alia advises on strategic commercial planning, organisational restructuring and management leadership training that encourages enhanced productivity and corporate renewal. As Founder of Leadership Focus (2017) and Management Focus (2010), Alia has mentored more than 2000 business leaders to university degree level leadership and management qualifications.

Alia works alongside board members and middle management to develop lean / agile management processes as well foster wide-ranging cultural change in order to align the organisational values with their stakeholders. This has given her uniquely broad expertise in helping companies from multiple industries with a particular focus on financial services. As founder of SMCR Focus, her vision is to be the leading UK platform provider, that safeguards a firm and individuals’ risk of being non-compliant.

Rosalyn Breedy – Partner, Wedlake Bell LLP

Rosalyn articled and qualified as a solicitor (in 1993) into the Corporate department at Slaughter and May (1991 to 1995) and joined the London office of Pinsent Curtis (1995 to 1996).

She was hired by UBS Warburg (1996 to 2002) as a lawyer member of a multi-disciplinary change management team concentrating on cross border legal and regulatory issues arising from use of technology. Rosalyn was a non–executive director of the Internet Law and Policy Forum.

She then served as European COO corporate finance supporting the heads of the global investment bank before being appointed as general counsel to multi-family office Sand Aire (2002 to 2008).

Rosalyn made the transition back to private practice firstly, as of Counsel to the Funds, Investments, Tax and trusts group Withers (2008 to 2009), secondly, in founding a successful niche firm, Breedy Henderson LLP (2009 to 2013) before being appointed as a partner at Forsters LLP (2013 -2015).

Rosalyn joined Wedlake Bell as a partner in its Corporate and Financial Services practice in 2015.

Jeffrey Mushens – Technical Policy Director, TISA

Jeffrey leads the Technical Policy team, helping firms where new regulations are being introduced or proposed.

Having read History at Cambridge, Jeffrey qualified as a Chartered Accountant with Coopers & Lybrand (now PwC). He then spent seven years in banking including posts as chief accountant of two merchant banks (HongKongBank and Samuel Montagu). He has spent 25 years in the funds industry, including 15 years at M&G, where he held a number of operational roles including Chief Trusts Accountant, setting up M&G’s call centre, launching closed and open ended funds, public affairs spokesman, responsibility for non-compliance relationships with regulators, HMRC and Government. He was a director of M&G and ran M&G’s direct business.

Tom Thwaites – Research Analyst, Compeer

Tom joined Compeer in January 2019 having graduated from the University of Leicester with a BSc in Financial Economics. During his time at university Tom attended Katholieke Universiteit Leuven in Belgium as part of the Erasmus program where he furthered his studies into economics, finance, business management and econometrics. He also gained work experience in Beijing on a summer internship for a Chinese consulting firm which specialises on the Belt and Road initiative.

Now, as a member of the Compeer analyst team Tom works on a variety of bespoke research projects looking into different aspects of the Wealth Management industry, presenting the findings at Compeer conferences as well as supporting the team with the annual industry report and benchmarking services.

Tim Bailey – CEO, 1RS

Tim has 25 years’ experience building and running 1st and 2nd Line teams in Front and Middle office, Operations, Technology, Finance and Risk at some of the world’s largest, most complex and innovative financial organisations, such as JP Morgan, UBS, HSBC, Standard Bank and Bank of America Merrill Lynch.

He has deep knowledge and experience of designing and implementing all aspects of internal control, risk management and regulatory compliance frameworks and systems, and managing complex change initiatives required to satisfy regulatory and business requirements.

He has successfully overseen significant regulatory remediation programmes, and regulatory inspections.

Tim formed 1RS in 2016, to provide advanced software solutions built on the latest technology that are agile, cost effective, and aim to simplify and improve risk and compliance management for clients. He has worked with many regulated clients, tailoring the relevant attributes from best practice large scale frameworks to meet the needs, complexity, size and regulatory scope of a smaller organisation.

Steve Jones – Group Head of Compliance & MLRO, Charles Stanley

Steve has been Group Head of Compliance & MLRO at Charles Stanley since July 2016, as well as a member of the Executive Committee.

Prior to this role , Steve was Head of Compliance at Julius Baer International, and in that role supported the integration of the non-US Merrill Lynch Wealth Management business purchased in 2012. Whilst at Merrill Lynch, Steve had a variety of Compliance roles, ultimately being promoted to Head of EMEA Compliance for the Wealth Management division. He has previously worked in institutional Compliance roles at BlackRock, Barclays Global Investors and Merrill Lynch Investment Managers. Steve has an LLB in Law and a Master’s degree in International Political Economy.

Penny Rooney – Compliance Partner, Killik & Co

Penny has been the Head of Compliance at Killik & Co since 2009, becoming a Partner and joining the Board in 2014. With over 20 years’ compliance experience, including as a regulatory and compliance consultant at KPMG, her career has been built upon responding to regulatory change and preparing businesses for the challenges it represents. She is proud to have been awarded Best Compliance Professional at the City of London Wealth Management Awards 2015. She is an active member of the PIMFA Regulatory Committee and regular attendee at wealth management peer group forums. Her current role includes responsibility for leading internal processes for promoting and ensuring Killik’s compliance with laws, regulations, internal policies and controls, promoting high standards of conduct and professionalism throughout the organisation, as well as chairing its Risk Committee.

Robert Nieves – Director, Risk & Compliance, Saunderson House

Rob Nieves has held senior roles in risk and compliance for the past 12 years; most recently as Director Risk & Compliance for wealth and advisory firm Saunderson House and previously at Lloyds Banking Group where he worked in various first and second line risk roles for over 7 years. He has previously worked in the risk advisory practices of KPMG and Protiviti advising firms on the implementation of regulatory change. Rob was very involved in the implementation of SMCR for both Lloyds and SHL and can share his experience across both firm.

David Maxwell – Partner, Head of UK Risk & Compliance, Stonehage Fleming

David is a Partner of the Stonehage Fleming Group and is Head of the UK Risk & Compliance Team, responsible for advising the firm on all aspects of risk and compliance within the UK. He has over 25 years of regulatory and Compliance experience and has worked for the UK regulator, APCIMS, PwC as a regulatory consultant and for a number of banks and wealth management firms.

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