Compliance Manager Applications close 13 May 2022

About Snowball Effect

Snowball Effect is a marketplace that simplifies access to a range of investment opportunities. We do this by facilitating offers of securities through public offers, private offers, and wholesale investor offers. Over our 6 years of operation, we have raised more than $140m of capital.

Our vision is to be a leader in capital markets innovation and to empower investors and entrepreneurs to exceptional success. We see an opportunity to provide investors with easy access to financial products, while also providing tools for them to manage their portfolios and engage directly with the companies and sectors of interest. For companies, it’s a complete capital raising package and access to a wide investor audience. It’s a quick and efficient way to raise funds. We see a significant opportunity to provide fresh thinking and technology to a relatively stagnant industry.

We’re driven by the significant positive impact we can make by building a thriving marketplace to connect companies with the capital, services, tools and people they need.

The Snowball Effect Values

Thrive together: Passionate individuals, supporting each other.

Through our combined expertise, we collaborate together, share our knowledge and love to kick around new ideas. We take what we do seriously, but we don’t take ourselves too seriously. We work best when we work in collaboration with investors, companies, partners and our team to support our vision.

Limitless ambition: We realise what is possible.

We are comfortable exploring uncharted territories and we make opportunities come to life. We support complex ecosystems and take a long term view of what exceptional success looks like. This speaks to the way we approach our market, products, systems and processes.

The Snowball Effect: Our focus on the details allows us to generate big outcomes.

This is how we build trust and demonstrate the value we add to our customers. It is the sum of our parts that enables us to build increasing momentum, constantly growing to make a powerful impact. It's our collective effort as a team that allows us to make a meaningful impact on our ecosystem.

The Role

As our operations continue to grow we are facilitating increasing levels of investment. With increasing investment levels, we now have a need for additional resource in our risk and compliance function. We are looking to hire someone in a part time role for the equivalent of 2-3 days per week.

We are hiring a Compliance Manager to support the growing compliance needs of Snowball Effect and to ensure we continue to maintain the highest possible standards in our risk and compliance framework. You will provide the skills and expertise to support this crucial part of our business as we continue to grow and expand our product offering.

To complete the role to a high standard you will ideally have the following:

• Anti-money laundering, or other relevant compliance related experience.
• Previous experience working with the relevant legislation within the financial services industry.
• An understanding of investment industry compliance requirements, including AML/CFT compliance.
• Two or more years experience in a compliance or risk related role or policy and procedure role.
• Knowledge of FMA regulations and legislation and risk/compliance management strategies.

The ideal Compliance Manager will have the following:

• Ability to build effective relationships with regulatory bodies.
• Ability to deal with compliance obligations in a timely manner and prioritise.
• Ability to work with clients in a professional manner.
• Ability to stay up to date with risk and compliance trends.
• Enquiring mind and investigative ability.
• Effective communication skills.
• Strong attention to detail.
• Comfortable working in a highly regulated environment.

Key Accountabilities

As the Compliance Manager you will assist with the management, oversight and reporting of the risk and compliance programme, and will have accountability for the following areas:

• Completing customer due diligence and enhanced customer due diligence in accordance with our risk assessment and AML/CFT programme, policies and processes.
• Monitoring and report any suspicious activity and politically exposed persons.
• Maintaining the compliance calendar.
• Preparing reports and regulatory filings to comply with our AML/CFT programme and license obligations.
• Ongoing review of internal policies and procedures.
• Ensuring the wider team is up to date with compliance related training and news.

Final Words

This is a critical support position within Snowball Effect and will play a key role in developing an important part of New Zealand’s capital markets.

Snowball Effect benefits from world class directors and advisors. Day to day we’re a team of 13 with a flat structure. Everyone in the team has a specific role, with each role commanding significant responsibility. As a company, we’re focused, with a clear plan of where we’re heading. We expect performance of the highest calibre and we’re confident that our remuneration is representative of the investment we expect from each team member of the team in Snowball Effect’s success.

We’re here for the long term, and this role provides an opportunity to be a part of a high performing team and to make a real impact on people’s lives.

If you’re excited by this opportunity, please send your CV to Bill O'Boyle – [email protected]