Permanent, full-time, hybrid (3 days per week in an office) #LI-Hybrid #LI-SD1
Company: StoneX Financial Limited.
Reports to: Head of Distressed & Leveraged Credit Sales, EMEA.
Position Purpose: Build presence in Distressed & Leveraged Credit (incl., loans, HY, claims, reorg equity) in the UK to complement our US platform and support EMEA build. Develop & manage Institutional Fixed Income team, broadening the product mix and client base from London into the UK & Europe. Promote the firm’s products and services.
Primary Accountabilities/Responsibilities:
Job Requirements:
Class: Full-time, exempt
Location: Moore House, 120 London Wall, London
Physical requirements/Working conditions:
“Candidates applying for this role must be aware that it is a Certified Persons role, subject to the Financial Conduct Authority’s (“FCA”) Senior Managers and Certification Regime (“SMCR”) and the Investments Firms Prudential Regime (IFPR).
The Senior Managers Regime entered into force for solo regulated firms on 9th December 2019 and the Investments Firms Prudential Regime (IFPR) on 1st January 2022.
The Certification Regime entered into force for solo regulated firms on 31st March 2021.
Under SMCR and IFPRR, StoneX Financial Ltd (“SFL”) must ensure that employees working in certain roles categorised as specified significant harm functions (Material Risk Takers and Certified Roles) are assessed as fit and proper to perform their role.
From 31 July 2023, all senior managers are responsible for ensuring that the business of SFL complies with the requirements of the Consumer Duty on an ongoing basis and are accountable for the outcomes retail customers are experiencing, in line with their accountability under SMCR.
Under the regulations and guidance issued by the FCA, firms must have regard to the following when assessing fitness and propriety:
In order to comply with the requirements of the SMCR, SFL must take reasonable steps to ensure that a person does not perform either a Senior Manager or Certified Role without first being assessed/certified as being fit and proper. For this reason, you will be assessed for this role against the fit and proper requirements as described above.
The assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, regulated reference checks, credit checks and other background screening checks.”
SMCR type: CP
Material Risk Taker Role = No
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