Simon Phelps

** ********* ****, ****** *** *DP

+44-20-339*-**** (Home) +44-744*-****** (Mobile)

adbc9o@r.postjobfree.com

PROFILE

Successful risk and compliance expert with over 25 years experience from major international companies/concerns to start up entities and authorisation applicants across multiple sectors – high net worth – retail and corporate, consumer credit, derivatives, equities, general insurance, investments, life and pensions and Lloyd’s. A self starter, experienced problem solver and multi-task worker used to working remotely using key skills including decision making, system implemenation and development. Key achievements:

Development and implementation of Compliance Systems and Controls and Risk Management Famework at brokerages, HNW multinational firms, multinational insurers and insurance intermediaries together with impldevelopment and implementation of Client Money handling and Best Execution standards;

Handling authorisation and Variation of Permission FCA applications for firms as CF10/11;

Lead on capital assessments – ICA and ICAAP;

Consideration of the possible impact of Brexit upon businesses and ways of mitigating against potential loss of business;

Considerable experience in respect of Anti-money laundering, Anti-Bribery & Corruption UK legislation and application thereof as well as FCPA (US) development of Crime solutions, policies and procedures and reporting mechanisms;

Compliance and Money Laundering Reporting Officer Approved Person (CF10/11) twice previously and ongoing – brokerage, HNW and insurers;

Experience of development of solutions to MiFID II;

Prepration for SMCR – preparation of applicnts for interview process as well as focus of the FCA upon key responsibility areas;

Embedding Conduct Risk into a variety of organisations;

Set up governance structures at HNW, insurers and insurance intermediaries as well attendance at Board, Audit Committee and Management Committee as well as all sub-committees;

Liaison with Regulator, Independent Non-Executive Directors, Internal and External Auditors;

Ability to build strong working relationships from CEO to the coal face and influence the business in key decision making;

Business minded problem solver – provides resolution not problem;

Active team leader with ability to manage and motivate and lead by example;

Familiar with annual planning and delivery of key projects to time bringing added value to the business;

Experience of developing regulatory and risk reporting systems that bring clarity and understanding;

Able to get buy in from the business on change to existing processes and systems and embed the new into the culture of business – key influencer;

Successfully dealt with ARROW II – now SREP - visit focused upon Treating Customers Fairly and Risk Management, Financial Crime Thematic Visit, two Individual Capital Assessments and considerable scrutiny from regulator during financial crisis whilst CF10/CF11;

Strong on providing challenge whilst being able to influence as opposed to conflict;

Acted as Data Protection Officer for two firms and part of team of providing solution to GDPR. Additionally involved in migration of data hosting from in house UK location to third party in Asia.

CAREER HISTORY

EINSTEIN COMPLIANCE LIMITED Aug 2018 – date

Own company for contract work.

ROBINHOOD INTERNATIONAL LTD Jun 2019 - date

Interim Head of Compliance CF10/CF11 & Company Director

Brought in to undertake key role on successful completion of application for authorisation of U.K. based International expansion of U.S. brokerage by the FCA. Development of Compliance and Risk Systems & Controls as well as liaison with the FCA and parent company in U.S. Also assumed role of Company Director in order to fulfil such and satisfy the FCA that key duties being undertaken in the U.K.

TILNEY GROUP Jan – March 2019

Risk Director

Brought in to develop, launch and implement new Risk Management system for the entire group. When left the new Enterprise Risk Management Framework was being approved by the Executive Committee and the Risk & Audit Committee. Within scope of focus were Group Material Risks such as impact of Brexit; MiFID II follow up; mergers and acquisitions; and, simplification of processes.

CHARLES SCHWAB, U.K., LIMITED (“CSUK”) Oct 2015 – June 2018

Compliance Director CF10/CF11 & Data Protection Officer

The major reason for my recruitment was to handle a significant FCA Variation of Permission application. CSUK was, when I joined, the foreign branch of Charles Schwab & Co. Inc. a US authorised broker dealer. However, there were complications as the majority of the legacy business outisde of the UK but within the EU was stagnant and no longer governed by US exemptions. The FCA VOP completed successfully in August 2017. As part of the FCA Application developed and implemented: Risk Management framework; Compliance Systems and Controls; Client Monies handling; and Governance regimes. Additionally involvement with development of solutions to MiFID II and GDPR. Additionally mitigation against Brexit in respect of EU based customers and marketing to new.

COMPLIANCE & RISK CONSULTING LIMITED Feb 2010 – Oct 2015

Insurance Specialist, Compliance & Risk

Established own trading company for contract work.

Contract – BUPA GLOBAL May 2015 – Oct 2015

Interim Compliance Executive – Remidiation of authorisation issues

A high profile, high level role working with the Executive team to prioritise international markets and provide appropriately authorised and admitted solutions. .

Contract – TRAVELERS Mar 2015 – May 2015

Interim Compliance Officer – Conduct Risk

As with role at Beazley the major focus of this role was Conduct Risk, in particular, the development of framework of governance and controls at a Lloyd’s insurer, product risk assessment and the consideration of management information thereafter

Contract – BEAZLEY Oct 2014 – Dec 2014

Conduct Risk Consultant

Contract role with sole focus upon Conduct Risk and the impact upon the Beazley group of companies.

Contract – PREMIA SOLUTIONS LIMITED May – Oct 2014

Compliance, Governance & Risk Consultant

Interim role with focus upon establishing appropriate systems and controls for a complex insurance brokerage operating with directly authorised parties such as 3 of the largest car dealership groups and Appointed Representatives which arrange vehicle leasing. Development of Risk Management Framework, Compliance Systems and Controls and Governance structure. Additionally advised in respect of consumer credit activities.

Contract – ROYAL & SUN ALLIANCE Feb 2014 – May 2014

More Than, Compliance Officer, UK & Western Europe

Primary focus was upon Conduct Risk, Risk Management, Solvency II, all methods of distribution and ongoing development, implementation and management of new Compliance and Risk Management areas.

Extended Holiday Aug 2013 – Jan 2014

Contract - SWISS RE CORPORATE SOLUTIONS LTD Aug 2012 – Jul 2013

Interim Compliance Officer, EMEA

Primary focus of the role was to support both the Head of Compliance as well as all of the businesses in both the geographical remit and global working alongside Zurich, Luxembourg, New York and India. Considerable focus upon Lloyd's, London market and re-insurance, new business ventures, ongoing compliance developments, development of a common compliance plan and opening of new offices. Additionally took on Global Financial Crime role and responsibility for reporting as well as identifying solutions.

Contract - AVIVA EUROPE May 2011 – Sep 2011

Senior Compliance Manager (Contract)

Interim work until mid-September 2011. Major areas of focus of the work was: continued development of onsite compliance monitoring in constituent nation parts of group and supporting/managing small team based in Dublin.

MPAC Consultancy LLP Feb 2010-April 2011

Worked on a variety of differing projects in a consultancy regime:

ohandling FCA authorisation applications for investment firms and liaison with the regulator – provision of Risk Management Frameworks and Compliance Systems & Controls and Client Money handling; and,

oDeveloping streamlined processes for ICAAP, regulatory risk – conduct and supervision risks, liquidity risk monitoring and FSA online reporting.

METLIFE LIMITED/METLIFE INSURANCE LIMITED Mar 2006 – Dec 2009

Head of Compliance (inc. responsility for Risk Management) CF10/11 & Data Protection Officer

The time at MetLife represented a period of considerable change with the effective overhaul of all existing policies and procedures. This was followed by a switch to being under supervision by the FSA. Following on shortly from this was the first request from the regulator for ICA and notofication of an ARROW II visit:

Review, amendment, development and implementation of new Compliance regime for UK businesses;

Building and developing business relationships with key internal and external parties including the regulator, trade bodies, potential business partners and outsourced functions;

Ongoing development and amendment of existing practices and the annual Risk and Compliance Plans;

Initiation, development, implementation and embedding into the business of an effective Risk Management system system aligned with the FSA ICA requirements which was adopted by MetLife International as the ERM system;

Completion of FSA Financial Crime Thematic visit with no issues raised;

Experience in change in business model from retail to reinsurance;

Expansion of distribution channels including moving into telesales and online business. Key understanding of the compliance aspects of such.

Led project on outsourcing of data storage from Europen internal system to Singapore complying with all requisite legislation and standards;

Development of online training and testing for all staff on AML, DPA, Regulation, Risk and TCF as well as tailor made in-house senior management training from the FSA.

Working in conjunction with Managing Director, AFH and Regional Heads on Solvency 2 as well as with Ernst & Young on international basis;

Preparation for and completion of successful FSA ARROW II visit (July 2008) with only minor exceptions;

Submission of two Individual Capital Assessment to the FSA and, in both instances, receipt of Capital Guidance below Minimum Capital Requirement;

Establishment of Corporate Governance and Committee structure; and,

Leading the Treating Customers Fairly project by way of development of project plan and Committee of Directors and key senior management in addition to sign-off on all products and marketing material.

METLIFE LIMITED/METLIFE INSURANCE LIMITED Oct 2005 – Mar 2006

Contract Compliance Manager

SKY SPORTS, Self Employed Contractor July 2005- Sept 2005

Cricket Commentary Support

VISA INTERNATIONAL (CEMEA), London Apr 2005 – Jul 2005

Corporate Compliance Manager

LEASEPLAN UK LTD, Slough Oct 2004 – Apr 2005

Compliance Officer & Money Laundering Reporting Officer

SELF EMPLOYED COMMODITY WORK Nov 2003 – Oct 2004

TEMPORARY WORK Jan 2003 – Mar 2003

LONDON INTERNATIONAL FINANCIAL Dec 1996 – July 2002

FUTURES & OPTIONS EXCHANGE (LIFFE) London Compliance, Audit & Investigations

RELIANCE MUTUAL INSURANCE SOCIETY LIMITED 1994 – 1996

Assistant Departmental Manager and Pensions Review Project Manager

Field Compliance Officer, PREMIUM LIFE ASSURANCE CO. LTD. 1994 – 1994

Compliance Advisor, CITIBANK LIFE, Haywards Heath, West Sussex 1992 - 1993

Assistant Compliance Manager, GENERAL PORTFOLIO, Harlow, Essex 1990 - 1992 Compliance Assistant, CITIBANK LIFE, Haywards Heath, West Sussex 1989 - 1990

EDUCATION AND QUALIFICATIONS

University of Lancaster 1988

BSc Management Science (Economics) including Law and Industrial Relations

3 A-levels - English, Economics & Geography

8 O-levels incl. English & Mathematics

FPC Paper 1

Date of Birth: 6th July 1966

Nationality: British

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