Compliance Officer – Compliance Examinations
Compliance Officer - Compliance Examinations - EMEA and Asia Pacific, SP Capital IQ and SP Rating Services
With offices in 23 countries and a history that dates back 150 years, Standard Poor's is known to investors worldwide as a leader of financial-market intelligence. SP strives to provide investors who want to make better informed investment decisions with market intelligence in the form of credit ratings, indices, investment tools and research, and risk evaluations and solutions. We are known as an independent provider of credit ratings. In 2009, we published more than 870,000 and revised credits ratings. Recently, we rated more than $32 trillion in debt. SP is also widely known for maintaining one of the most widely followed indices of large-cap U.S. stocks: the SP 500. In 2007, the SP 500 celebrated its 50th anniversary. The SP Global 1200 also covers some 30 markets constituting approximately 70% of global market capitalization. More than $1.1 trillion in investment assets was recently directly tied to SP indexes, and more than $3.5 trillion is benchmarked to the SP 500 – more than any other index in the world. SP's equity research business is among the world's leading providers of independent investment information, offering fundamental coverage on approximately 2,000 stocks. We also provide mutual fund and ETF information and analysis. Standard Poor's Valuation and Risk Strategies offers products and services that provide users with market intelligence and analytic insight for risk driven investment analysis, particularly for the debt, structured finance, derivative and credit markets. SP CapIQ delivers comprehensive fundamental and quantitative research and analysis solutions to over 4,200 investment management firms, investment banks, private equity funds, advisory firms, corporations, and universities worldwide. Its solutions offer powerful applications for desktop research, screening, real-time market data, backtesting, portfolio management, financial modeling, and quantitative analysis.
SP Capital IQ combines two of our strongest brands - SP, with its long history and experience in the financial markets and Capital IQ, which is known among professionals globally for its accurate financial information and powerful analytical tools.
SP Capital IQ provides multi-asset class data, research and analytics to institutional investors, investment advisors and wealth managers around the world. We offer a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies.
This position will be responsible for planning and executing compliance examinations of SP operating units (Rating Services and SP Capital IQ) and support groups located primarily in the EMEA region and also examinations of global business and operational controls, to assess compliance with all regulations that apply globally and policies and procedures.
You will:
· Conduct on-site compliance reviews, determining the appropriate mix of process-oriented compliance work and data testing and developing test procedures. Supervise and delegate tasks to junior staff and retain responsibility for completion.
· Write compliance review reports containing findings and recommendations with a view to strengthening controls and correcting compliance deficiencies. Present review results to senior business managers and obtain agreement to the conclusions and recommendations.
· Conduct pre-review work with operating units so that stakeholders understand both the purpose of the review and the review methodology. Create and distribute planning memoranda in advance of on-site review work.
· Assist regional chief compliance officer in conducting ongoing monitoring and surveillance activity and in reporting of compliance plan to Compliance Committees and Boards.
· Create plan and procedures to test operational controls over SP ratings and press release dissemination to mitigate regulatory risks.
· Risk-assess SP operating units and regulatory requirements to determine the scope of on-site compliance reviews.
· Monitor operating units' timely implementation of compliance recommendations.
· The Compliance Officer will coordinate with McGraw Hill internal audit during their audits.
· The Compliance Officer will coordinate with Senior Compliance Officers who advise the SP operating units
· The Compliance Officer will coordinate with members of GRA and the Legal Department
Required:
- Compliance examinations or internal audit background within financial services or with a regulator required.
- Excellent oral and written communication skills required.
- Understanding of European Union rules for Credit Rating Agencies and UK Financial Services Authority rules for investment advice required; understanding of US Securities and Exchange Commission rules for Nationally Recognized Statistical Rating Organizations and Investment Advisers preferred.
- Experience applying financial markets regulations preferred.
- Ability to travel (one to two weeks per year).
- Independent thought process with the ability to mix firmness with diplomacy required.
- Interest in global work and ability to work effectively with individuals with diverse cultural backgrounds required.
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