Compliance Officer, Risk Awareness Programmes (VP)
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Regulatory Change & Impact Analysis:
- Monitoring the publication of regulatory changes and news, relevant to Wholesale Banking, through various sources, and from the collaboration with the Legal department (SEGL/JUR);
- Coordinating with Regional Central Compliance teams to identify and communicate on the regulatory changes and news likely to have a cross-border impact or to occur in other countries;
- Analysing the impacts of those changes on the operational processes, normative documentation, control framework and training requirements in close collaboration with Group Compliance and Wholesale Banking and Compliance Academy subject matter experts;
- Communicating across the compliance department and to Business Lines, Resource & Control Functions staff in order to raise awareness on relevant Compliance matters;
- Ensuring coordination of change effort, when needed, and chasing up responsible parties for progress updates on their action(s) until completion.
Compliance Normative Documentation:
- Deliver an Annual Wholesale Banking Compliance Policy Road Map, including the need of review or creation, in collaboration with the Compliance Group and Wholesale Banking Compliance subject matter experts;
- Maintaining a global repository of Policies applying to Wholesale Banking;
- Controlling consistency in between Policies and raising potential issues or need for update to the Wholesale Banking Compliance subject matter experts in charge of the policies;
- Coordinating the development of Compliance policies at the Group level to ensure consistency between Group and Wholesale Banking Compliance policies.
Management Information (MI) and Risk Awareness:
- The publication of regular Compliance Risk Awareness updates to global Wholesale Banking stakeholders, covering policy updates, Compliance news, regulatory developments and impact assessments.
- The preparation of a periodic MI pack for senior management, that incorporates operational and conduct risk dashboards, any breach management or remediation actions and summaries, critical impact analysis and other pertinent Compliance Risk Awareness information.
Level of autonomy and authority :
- The role involves autonomy on a day-to-day basis and requires active liaison with management as appropriate.
- The job holder makes decisions to daily tasks and to ensure support good progress on the deliverables of the team.
- The job holder must refer to his management for decisions relating to more strategic and organisational matters.
- Sound knowledge & appreciation of financial regulation, Compliance matters and industry requirements.
- A demonstrable interest in policy and regulatory developments.
- An ability to conduct research-style work in analysing regulatory requirements, as demonstrated though prior experience.
- A self-motivated team-player with a strong work ethic and the desire to deliver to high standards, that takes responsibility and is accountable for his / her own actions.
- Proven technical ability to analyse data and provide sophisticated Management Information reporting / metrics using Excel macros.
- Project management capabilities; planning work, meeting deadlines, multi-tasking and excellent organizational skills.
- Excellent communication skills (both oral and written).
- Ability to appropriately prioritise tasks and to escalate escalation of issues or concerns in a timely manner.
- French language skills would be a definite advantage, although not critical.
- Legal training or a professional qualification in Compliance, Finance or Accounting would also be of benefit.
- One to two years’ experience in a Compliance department within a financial institution or, at the very least, an organisation that requires tailored solutions to be delivered in a fast-paced, demanding environment.