Head of Compliance - #1624190

We are looking for a Head of Compliance (SMF16 & SMF17).

Alchemy Prime is a FX/CFD broker providing trading liquidity to professional and institutional clients. We are now planning to expand our products and services and are looking for an energetic candidate to help us achieve our ambitious business plans

We are seeking an experienced compliance professional for the role of Head of Compliance (SMF16 & SMF17) with a solid background in FX and CFD products to lead our compliance function here at Alchemy Prime. The ideal candidate will take ownership of developing, implementing, and maintaining Alchemy Prime’s compliance framework, ensuring we meet all regulatory obligations and internal standards. You will play a key role in protecting the business and promoting a strong compliance culture across all areas of the company.

Key Responsibilities

• Being the primary liaison with regulatory bodies.


• Lead the ongoing development and execution of the framework to meet CASS rules requirements, with emphasis on those within the CFD industry.


• Ensuring that the firm complies, and demonstrates compliance, with all FCA and other regulatory requirements to which it is subject.


• Advise the Board that regulatory capital, prudential reporting, and transaction reporting obligations (e.g. EMIR, MiFIR) are being met. Assist the Board in maintaining its ICARA and liquidity framework.


• Reviewing the Firm’s compliance programme to confirm it meets regulatory obligations under FCA rules. Including policies, procedures, training and any other applicable compliance area.


• Overseeing the implementation, administration, and ongoing monitoring of the Firm’s compliance framework.


• Managing all compliance-related reporting under the Reg-DATA, EMIR/MiFIR and SMCR regime, including advising, preparing and submitting regular reports to the FCA.


• Certify annually that all staff within the department are “fit and proper” to perform their roles. Including Senior Managers, Certified persons and risk takers.


• Performing the SMF17 role, advancing the Firm’s AML policies and procedures to comply with all Regulations.


• Administering the ongoing monitoring of AML controls, including suspicious activity reporting and risk assessments.


• Monitor suspicious transactions and make Suspicious Transaction Reports to the FCA when required.


• Monitor suspicious activities and make Suspicious Activity Reports (SARs) to the NCA when required.


• Conduct AML risk assessments across the business.


• Oversee customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring procedures.


• Drafting periodic and annual compliance and MLRO reports to the board, including the AML and anti-bribery risk assessments.


• Working alongside compliance consultants to undertake a periodic compliance review.


• Foster a compliance-driven culture by promoting awareness of compliance policies and the importance of ethical conduct throughout Alchemy Prime.


• Review the compliance and AML training programme and deliver it across the business and senior management.

Required Experience & Skills

• 7+ years of experience in compliance, regulatory affairs, preferably within the CFD and FX industry, with a strong focus on UK regulations.


• Proactive approach to horizon scanning.


• Deep knowledge of AML legislation including the UK Money Laundering Regulations and JMLSG guidance.


• Commitment to confidentiality regarding compliance procedures and internal policies.


• Ability to stay updated on changing regulations and best practices.


• Ability to navigate evolving regulatory landscapes and adjust compliance strategies accordingly.


• Experience engaging with the FCA and other regulatory authorities.


• Proven leadership and ability to work independently.