Advisory Compliance Officer
Main responsibilities
Advising on compliance and regulatory aspects of new products and participate in New Products Committee
Proactively maintain relationships and open communication with, and actively promote Compliance in front of, business lines and other control functions, providing support where necessary to address compliance requirements at earliest opportunity
Active participation in the process of maintaining the risk cartography, ensuring that the inherent regulatory risks posed by business activity are determined, the mitigating factors assessed to determine the residual risk and the actions required to further mitigate, or reduce, the regulatory risk
Liaising with Paris and other Compliance staff in overseas centres as required, and providing support in understanding the regulatory risks and the impact of the London-based fixed income, interest rate and forex markets requirements and FCA Rules (particularly the Market Abuse Regime) on staff based overseas whose activities impact the UK markets
Active engagement and liaison with the Monitoring Unit responsible for day to day transaction monitoring and periodic desk reviews of the fixed income, interest rate and forex derivatives Business Lines, ensuring appropriate support and guidance in the development of product knowledge within the Monitoring Unit, and assisting with the Monitoring Team with Desk Reviews and completion of enquiries arising from the routine monitoring
Liaise with the Policy Training and Registrations Compliance Team in respect of any new regulation and their impact on the business line
Develop and deliver appropriate regulatory training for the business line using one-to-one and classroom methodologies
Reviewing marketing materials to ensure that they comply with internal policies and that they are clear, fair and not misleading
Proactive dialogue and liaison with the fixed income, interest rate and forex derivatives Compliance representatives in Paris and other global locations on a regular and frequent basis, ensuring appropriate engagement on issues impacting Compliance and the Business lines beyond the London perimeter, and a consistent approach to the resolution of issues arising
Active participation in investigations into incidents arising within the business lines that are the focus of the team
Engagement with the Policy Training Registrations Team, with active participation in the development of compliance policies and procedures
Participation in the investigation of, and response to complaints arising concerning issues within the business lines
Ensuring timely and accurate responses to regulatory enquiries and liasing with internal groups to obtain information
Interaction with the Policy Training and Registrations team to assist in the registrations process for business line staff, where required
Participating in the impact analyses of regulatory/exchange consultation documents with Compliance, communication of requirements to business line management as required, and ensuring the implementation of any developments arising within the business lines
Active participation in the advisory team's involvement in Compliance Projects, to support the co-ordination and management of projects by the Head of Central Compliance (or a delegate)
Proactive and timely escalation of issues to the Senior Compliance Officer of the advisory team, ensuring regular and frequent communication on such issues
Involvement in delivery of items in the annual Compliance Plan, which are relevant to the coverage of the team, in a timely manner
Performance of team permanent supervision controls
Maintaining a detailed working knowledge of the FCA rules and regulations, and a broad awareness of AMF, Commission Bancaire and other regulatory and exchange rules and regulations as required
Attendance at forums of, and participation in initiatives driven forward by, trade associations and other industry bodies, ensuring that the bank's views on regulatory developments which could impact on its business in the UK are provided as part of any consultation initiatives
Any other tasks/projects as assigned.
Leave a Reply
You must be logged in to post a comment.