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Compliance Advisory

My Client is looking to expand their Compliance Department and are looking for Advisory Compliance candidates with a Financial Markets experience.


Position summary:

To provide the Financial Markets Department (FM), London Trading Centre (LTC) and Debt Capital Markets Centre - EMEA (DCM) with compliance and regulatory advisory support, in respect of its day-to-day operations and development of new products and services, to ensure that FM / LTC / DCM’s activities and activities of other business units involved in marketing and/or trading financial instruments, are carried out in compliance with applicable regulations, legislation and internal policies.

Strengthening and embedding a positive compliance awareness, culture and framework within the FM / LTC / DCM.

Essential Responsibilities:

Located within the Compliance Team to act as the Bank’s subject matter expert and ‘go to’ person in relation to compliance and regulatory matters that affect FM’s / LTC’s / DCM’s operations and operations of other business units involved in financial markets products, in particular OTC FX / commodity derivatives, precious metal futures, bond underwriting / syndication, bond distribution, fixed income sales and trading.

Respond to requests for compliance advice from FM / LTC / DCM on the products and services offered (including FX Trading and Sales, Money Markets, Debt Capital Markets (underwriting and distribution), Commodity and Global Research desks, IBA Gold Auction, Fixed Income Secondary Market Trading desk), provide appropriate level of compliance support to resolve the matters being referred and liaise with Legal and Compliance Department as necessary.

Advise on compliance and regulatory aspects of new products. Review and update Product / Project Governance Documents to ensure all regulatory risks have been considered, and adequate compliance control framework proposed, and positively assists business to overcome any obstacles.

Assist the FM / LTC / DCM with management of regulatory risks including, determine the compliance risk management mechanism of these departments, identify, assess and regularly report to the Chief Compliance Officer (through the Manager leading Compliance Team), any compliance risks, with recommendations on measures that can be taken to mitigate these risks.

Assist FM / LTC / DCM with completing the departmental annual compliance risk assessments and preparation of the compliance risk management plan for submission, through the Manager leading Compliance Business Support Team, to the Chief Compliance Officer. Provide recommendations on compliance tasks that should be added to the Legal and Compliance Department Annual Work Plan in respect of compliance matters relating to FM / LTC / DCM.

Support FM / LTC / DCM in managing conflicts of interest and wall crossing.

Proactively develop appropriate relationships with managers of FMs / LTC / DCM and staff within the department.

Maintain close working relationships with the teams within Legal and Compliance Department to ensure that a strong compliance framework and positive compliance culture is in place throughout the Bank

Monitor, review, interpret and assess regulatory developments, laws, rules, principles and regulatory initiatives that are likely to have significant impact on business activities carried out by FM / LTC / DCM. Summarise outputs with proposals for required action. Agree required actions with the Manager Leading the Compliance Business Support Team and support FM / LTC / DCM with implementing any required actions.

Provide compliance review and advice to FM / LTC / DCM in respect of policies and procedures issued and drafted by FM / LTC / DCM.

Assist FM / LTC / DCM with the management of customer / counterparty complaints and client disputes to ensure they are handled in accordance with the Bank’s Complaints Handling policies.

Advise on requirements relating to FM’s / LTC’s / DCM’s promotional material, customer literature and research ensuring they are compliant with applicable laws and regulations.

Provide compliance clarifications on requirements relating to distribution / sales of FM’s / LTC’s / DCM’s products and services in the UK and overseas (subject to such products / services being approved by the Bank for distribution in relevant jurisdictions).

Provide practical advice on compliance issues relating to client onboarding requirements.

Provide compliance advice on contracts and transactions with counterparties (e.g. ISDA agreements, Bank’s Terms of Business, subscription agreements, CD/ECP memorandums etc.).

Identify training requirements and cooperate with the Legal and Compliance Department to arrange, and in some cases, deliver compliance related training for members of FM / LTC / DCM.

Assist the managers of FM / LTC / DCM with understanding and resolving issues identified through compliance monitoring reviews.

Actively participate in Legal and Compliance Department’s involvement in investigations into incidents arising within FM’s / LTC’s / DCM’s operations.

Ensure matters that require escalation are notified to the Manager leading Compliance Business Support Team and / or to the Chief Compliance Officer in a timely and effective manner to enable support to be provided and where necessary onward notification to Senior Management.

Perform other necessary compliance risk management duties under the direction of the Manager leading Compliance Business Support Team and Chief Compliance Officer.


For more information please contact Martin Joyce on 0203 892 8533 or email martin.joyce@larssonassociates.com


Salary: £75000 - £110000 per | Job Type: Permanent | Posted: 24/11/2016