Compliance Officer – FICC Compliance Team
The role is in the EMEA FICC Compliance Team providing primary Compliance support to the following business areas:
• Commodities
• Delta
• Foundation Client Group
• Cross Asset Sales
Additional Compliance support would be required for the other business areas:
• Emerging Markets
• Global Family Office
• IPS Capital Markets
• E-Commerce
• Matched Principal Trading
• Quants
Compliance Support will require the following:
Advice on transactions, new business initiatives and other Compliance issues to the above business areas as required ensuring that business and product development activities are compliant with applicable laws, regulations and internal standards.
Establishment and performance of appropriate monitoring and control processes that fulfil the Compliance function’s duty to exercise appropriate oversight of the activities carried on by the above businesses, with a focus on “check the checker” reviews and desk based monitoring.
Analysing changes and proposed changes in relevant laws and regulation and ensuring that the requirements are appropriately implemented. This may involve taking a role within industry and regulators working groups with a view to lobbying for appropriate outcomes.
Developing and providing training to the above business areas on new policies, procedures and regulatory developments as required.
Issuing relevant and timely guidance to the business in relation to Compliance policies and procedures.
In addition the team is broadly responsible for the coordination of Compliance training for FICC including new joiner inductions, ongoing Compliance updates and specific Compliance training as required.
As a small team covering the above businesses, the jobholder will gain broad experience of compliance and control issues and will be required to work closely with the relevant businesses to achieve the compliance objectives. In fulfilling these duties, he/she will also work closely with Compliance Officers and lawyers in other teams, particularly Traded Products Legal, Corporate Legal and Local Offices Compliance.
The ability to analyse and understand business aims and relevant Compliance issues to allow development of practical commercial solutions is an essential skill. Negotiation skills when dealing with both internal and external stakeholders are also essential. Strong presentational skills are also required and the ability to develop and deliver compliance training to a range of staff within the IB.
The role requires the individual to have frequent interaction all levels of staff within the FICC business areas outlined above including regional and global functional heads.
- The ability to build and maintain strong working relationships with stakeholders and leverage those relationships to achieve the objectives of the role are essential.
- Requires an individual who is able to analyse information and processes in light of regulatory requirements both in the development of new processes and analysis of identified issues is essential. The ability to develop appropriate risk aware solutions and present these in a way that ensures buy-in of the relevant FICC staff is essential.
- The role requires working closely with Compliance and legal colleagues and it is important to develop and maintain an effective working relationship with those teams.
- The role will inevitably expose the individual to products and issues that they are unfamiliar with, it is therefore essential that they have the confidence and ability to develop a thorough understanding of the process or issue in a short time frame, identifying the key Compliance issues and working with the relevant functions to develop appropriate solutions.
- It is therefore imperative that the person in this role has a good understanding of the business and is able to develop strong relationships with the relevant business contacts.
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.