Compliance Officer – Fixed Income Advisory – (Contract) recruitment
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 FSA 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 FSA 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 SG's views on regulatory developments which could impact on its business in the UK are provided as part of any consultation initiatives
Degree of Autonomy
- Role involves acting with initiative and autonomy, where appropriate, ensuring proactive upward reporting of relevant issues, as well as seeking guidance and advice as required.
Internal External contacts
- Business line management and staff, SG Group Compliance
- Frequency of contact: as necessary
Specific Context
- Post holder must actively pursue a team approach, with frequent interaction and communication across all areas of the Compliance Department.
- Post holder must actively encourage communication and interaction with compliance colleagues in France
- Occasional travel to Paris may be required
CANDIDATE PROFILE
Education
- Graduate level or equivalent preferred
Past Experience
- Floor-based compliance experience relating to fixed income, credit, interest rate and currency related products and activities
Languages
- Fluent English, French an advantage, but not prerequisite
Technical Skills
- In-depth working knowledge of FSA and other regulatory rules
- Knowledge of EU directives relating to financial services, as well as broad knowledge of AMF and Commission Bancaire rules
General Competencies
- Management Skills
- Operational Skills
- Regulatory Skills
- Communication Skills
- Flexibility - Adaptability
- Ability to make Decisions
- Ability to Work Under Pressure
- Analytical Skills
- Initiative
- Leadership Qualities
- Teamwork
Personal Abilities
- Influencing skills
- Presentation skills
- Report-writing skills
April 20, 2010
• Tags: Compliance Officer, Contract recruitment, Debt, Fixed Income Advisory, Fixed Income careers in the UK • Posted in: Financial