VP – FI Compliance Advisory recruitment

Advice

Providing advice to Sales and Credit Trading staff regarding applicable laws, rules, regulations and policies and procedures on a timely basis.
Reviewing transactions for compliance with the above.
Escalating transactions and issues to line manager where appropriate.
Documenting advice given in line with Global Markets Compliance Procedures.
Conducting due diligence and providing advice regarding relationships with introducers and distributors.

Dissemination of Information

Drafting and distribution of new compliance polices and procedures resulting from regulatory developments.
Identifying weaknesses and developing new Compliance policies resulting from developments in Sales and Credit Trading.
Ensuring all relevant compliance guidance or policies are kept up to date and in line with business and regulatory developments.
- Maintain accurate records demonstrating dissemination of policies and procedures.

Compliance Training

Evaluate training needs and draft appropriate training.
Conduct training as agreed by line manager.
Ensuring accurate training records are maintained.
Undertaking Compliance Briefings for new members of Sales and Credit Trading staff in a timely fashion in line with Key Ops.

Office Coverage / Working Hours

Expected working hours are 08:30 to 18:00 Monday to Friday. Although a VP is expected to liaise with colleagues to ensure office coverage between 08:00 to 18:30 (18:00 Fri). The VP will work on both the trading floor and Compliance Advisory.

Regulatory Developments

Keeping abreast of all regulatory developments effecting Sales and Credit Trading.
Keeping Sales and Credit Trading appraised of likely regulatory developments which could impact their activities as directed by line manager.
Responding to Regulatory consultations as agreed with line manager.
Representing GM Compliance at relevant industry associations as agreed with line manager.
Working with Sales and Credit Trading to ensure compliance with new regulations when required.

Regulatory Inspections, Investigations and Enquires

Internal Inspections

Assist business with Internal Audit reviews of relevant business lines.
Manage Compliance Monitoring Investigation ("MSI") reviews of relevant business lines.

Escalated Transactions

Act as Compliance Reviewer of special transactions as determined by line manger.
Schedule and attend meetings of relevant control staff to review escalated transactions as directed by line manager.
Document and record facts regarding escalated transactions as directed by line manager.

Compliance Projects

Act as Global Markets London Compliance resource on projects as determined by line manager.

Cover

Act as cover for other members of the Global Markets London Compliance Department as determined by line manager.

Technical knowledge and ability

Ideally a qualified solicitor, qualified foreign lawyer or legal background (derivatives/structured products, regulatory or financial litigation background preferred).
Understanding of securities, corporate and contract law with an up-to-date knowledge of the rules of at least one of the main lead regulators (e.g. FSA, SEC, or BaFin).
In depth operational knowledge (trading through to trade confirmation) of relevant fixed income products (structured transactions, credit derivatives, interest rate derivatives, FX and commodities).
Ability to interpret, understand, advise upon and formulate an appropriate course of action on a broad range of legal and regulatory provisions.
A clear understanding of the legal and compliance issues of an investment bank.
Ability to analyse compliance risk and where necessary escalate matters to the appropriate management level.
Excellent developed verbal and written communication skills.
Ability to handle and manage a number of different projects simultaneously.
Excellent computer literacy (Excel, Word and Access)
Ability to interact with and command respect from persons both inside and outside of the organisation.

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