Our client is a global wholesale banking business based in the City.
Daily line of business reviews of trade reports to monitor compliance with regulatory requirements and internal policies, providing feedback and correction where required
Escalation to LOB Supervisors of issues and exceptions that require attention
Reviews of emails, telephone calls and client communications for evidence of regulatory infractions
Review with LOB heads and staff (when necessary) relevant regulatory notices, disciplinary activities, etc. including synopsis of the impact to the businesses
Keep Management abreast of pending regulatory changes and Requests for Comment
Handle “on-the-fly” requests from LOB Heads and trading staff for situation-specific advice. This may involve requesting interpretations from the Regulators and/or arranging information sessions with Compliance
Works with Compliance to analyse the impact of regulatory changes on the business and determine the appropriate course(s) of action.
Works with the centralized compliance tool GRCE for regulatory risk assessments, quarterly entering of monitoring and testing results, and issue management
Assists other Trade Floor Supervision staff with development of policies and procedures to meet regulatory obligations
Supports implementation of regulatory risk control policies and procedures as needed for the group.
Supports group compliance to bank risk policies and relevant regulations by coordinating ongoing local communication of requirements, policies, audit findings, action plans, and follow-up actions through to completion.
Communicates policies and procedures to local management and LOBs in tandem with Compliance partners.
Establishes procedures and monitors adherence to current physical and logical (systems) access policies.
Coordinates any required regulatory attestations for Lines of Business.
Intervenes on behalf of Compliance with Lines of Business to accelerate completion of licensing, training and continuing education requirements.
Acts as a liaison with auditors. Facilitates retrieval of required information/documentation and responds knowledgeably to related questions as necessary.
Partners with local management from Lines of Business for issue resolution and compliance to action plans.
Interacts with staff of all levels in the Lines of Business as necessary for issue resolution.
Partners with various bank areas as necessary to conduct proactive risk mitigation measures, including but not limited to AMLRO Office, Compliance, Legal, Technology, Security, Risk Management, and Human Resources.
Ensures delivery of exemplary internal client service by troubleshooting and providing issue resolution in a professional, ethical, and conscientious manner.
The candidate should have several years of experience in a Compliance or Regulatory function covering a major broker-dealer.
A solid understanding of regulator expectations and the process through which regulatory requirements are integrated into business processes as well as techniques for resolving regulatory issues that are uncovered after-the-fact.
In-depth knowledge of products and services including related functions and responsibilities of support groups and stakeholders (e.g., Compliance, Operations, Technology, Law Department, Tax Department, Accounting and Finance areas, etc.).
Knowledgeable of the various risks and controls associated with business activities, including market risk, credit risk, and operational risk.
Expertise in computer applications and database management tools including, but not limited to, MS Excel, MS Word, and MS PowerPoint.
For further information please contact Natalie Antat