Commodities Compliance Officer recruitment

The professional supports the Wholesale Banking Head of Product Compliance in advising and overseeing a business with respect to its management of regulatory and reputational risk.

Key Roles Responsibilities
* Assists in the identification of material regulatory and reputational risks in the business.
* Anticipates and assesses key regulatory and product risk trends in the business for management consideration and helps drive the development and implementation of appropriate mitigation control measures.
* Undertakes continual assessment of regulatory risks associated with existing products and those under development.
* Participates in the governance of a business.
* Assists in approving new products and new business initiatives.
* Assists local teams with product line expertise as required, particularly with regard to regulatory inspections or investigations.
* Assists in management and implementation of the product compliance coverage framework and in the preparation and distribution of management information in relation to the product compliance coverage.
* Develops Compliance policies and procedures applicable to the business.
* Assists in the development and enforcement of product standards and controls.
* Works collaboratively with the business and Operational Risk
* Ensures appropriate documentation of controls and control decisions.

Key Criteria
* Possesses core technical knowledge in typical laws and regulations applicable to the business (or businesses)
* Understanding of variations in such laws and regulations across various jurisdictions.
* Good grasp of the sales and transactional activities of the business, its operating model, and its key risks.
* Financial Markets: Commodities:
o Detailed knowledge of commodities trading practices in particular detailed knowledge of physical delivery mechanisms and practices across multiple commodities asset classes.
o Knowledge of core commodities exchange rules - trading, clearing, settlement / delivery rules, plus Exchange for Physicals, Exchange for Swaps, and give-up trading rules.
o Knowledge of common commodity derivative structures - forwards, swaps, options, structured products.
o Knowledge of licensing, insider dealing / conflicts of interest management, and basic familiarity with typical market manipulation and suitability / sales practices issues.
* Core knowledge in risk identification, risk assessment, controls development, training, monitoring and reporting.

If you meet the above criteria and are seeking for a new exciting opportunity with a growing and dynamic organisation, please apply in strict confidence NOW. Do note only short-listed candidates will be notified.