Financial Markets Compliance Advisory Officer

Purpose & Scope of role

Financial Markets Compliance Advisory provide clear advice and challenge to Global Markets and ALM Treasury while reinforcing a strong Compliance Permanent Control and Risk culture. Markets Advisory provide compliance input in relation to Global Markets and ALMT businesses and ensure implementation and management of relevant regulations and global policies. The role may focus on specific business areas initially but all Markets Advisory Compliance officers are expected to gain experience of the full range of Global Markets businesses and roles over time and the assignment to specific teams may change over time.

The role encompasses four main themes:

Advisory – advising the business on Compliance topics for day to day queries, participating in relevant approval and governance committees regarding transactions, businesses or regulatory topics

Training & Awareness – Designing and delivering training on relevant rules and regulations applicable to the Global Markets businesses and undertaking regular induction and refresher training

Regulatory – Being knowledgeable about regulations that impact the business and implementing measures to ensure adherence. Providing input into policies and procedures. Interfacing with regulators.

Risk & Controls – reviewing and challenging the business on the adequacy of risk controls, providing markets expertise in the Risk Assessment, independent testing, control plan and IG review processes.

Scope of Business Coverage

• The EQD UK and Sales and Distribution EMEA Team is primarily responsible for managing Compliance coverage of the Equity Derivatives Global Business Line in the UK and working in partnership with the Sales and Distribution business, which sits within the EQD GBL across EMEA
• In addition, the team covers electronic Sales, Markets 360 (Research and Strategy), Structuring, and the FCT Financing and Collateral Transformation business within PS&F and acts as the main compliance liaison for the business heads of those areas.

Key Responsibilities of role

• Act as a point of contact for the Global Markets or ALMT Business, providing advice and guidance on proper controls and procedures and the impact of regulations on their business
• Participate in and contribute to relevant committees on governance, conduct and control issues (TACs/NAC, ICSCs, Conduct Committees, CORe, etc.)
• Provide Compliance input on ad-hoc Business or Regulatory topics.
• Participating in or drive various projects and initiatives relevant to the business lines they cover or transversally.
• Coordinate or assist in driving Compliance topics and provide Compliance colleagues and 3LOD with Business context (Risk Assessment, Control Plan, IG reviews)
• Provide Compliance training to the Business on specific topics and help design training on rules, regulations or best practices, in coordination with 1LOD and other Compliance teams
• Provide input into drafting of and maintenance of Compliance Policies and Procedures to guide the Business and meet regulatory requirements
• Challenge the Business and Functions on the adequacy and effectiveness of their risk controls and supervisory framework
• Develop good working relationships with the business members, ensuring they understand the rules, regulations, policies and procedures so they are able to manage their risks
• Endeavour to understand the Business strategy and identify potential risks proactively and positively to protect the bank
• Provide management information and reports within the timeframe requested in order to support the Head of Markets Compliance in her management reporting requirements

Experience, Qualifications & Competencies

• Extensive Business experience across multiple asset classes and/or Extensive Markets Compliance Experience encompassing many aspects of role
• Solid leadership experience or future leader, demonstrates ability to design and develop strategic ideas and get colleagues and manager support and engagement on strategic projects.
• Solid management experience of small teams, able to implement management best practices and hire team members, identify skills and train team members with some input from manager, or, Able to manage complex projects and drive to completion and manage input from multiple stakeholders.
• Established relationships with key senior/MD stakeholders in the coverage area, maintains constructive dialogue and able to challenge effectively and get buy-in with some support on controversial topics. Go-to person for stakeholders and is seen as a solution provider.
• Can work independently with clear direction and with escalation to management on critical issues
• Covers a full Business Line (GBL) in a region (UK, EMEA)

Primary Location

Job Type

Job

Schedule