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VP Markets Compliance

Frankfurt, Germany | Leading Financial Services Company

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    Financial Services Professional
    Legal / Compliance
  • Experience:
    5-7 years
Job Description:
112 people have viewed this job

Leading Financial Services Company is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. Our goal is to become the bank of choice by providing superior services to customers and clients and supporting our stakeholders via a commercially successful business that generates long-term sustainable returns.

Our two clearly defined divisions, Leading Financial Services Company UK and Leading Financial Services Company International, provide diversification by business line, geography and customer, enhancing financial resilience and helping to contribute to the delivery of consistent returns through the business cycle. We have a strong core business with exciting prospects, well positioned to deliver long-term value for our shareholders.

Consistent with the objective of delivering long-term sustainable value for all our stakeholders, we have developed our Shared Growth Ambition – our approach to citizenship and the sustainability of the business model we operate. The aim is to make decisions and do business that provides our clients and customers, and the communities which we serve, with access to a prosperous future.

The delivery of our strategy is underpinned by the energy, commitment and passion of our people, and we are clear on our common purpose: to help people achieve their ambitions, in the right way.

About Compliance

The Markets Compliance Europe team is responsible for the Markets Compliance coverage of all EEA countries (excl. UK). This includes regulatory advice, monitoring and training.

The Markets Compliance Europe team is responsible for the Markets Compliance coverage of all EEA countries (excl. UK). This includes regulatory advice, monitoring and training.

The Northern European team sits within the Country Compliance team and is a point of contact for all Central Compliance Functions (G&E, Personal Investments, Outside Affiliations).Additionally the coverage includes:

· Handling of internal and external investigations and litigations (together with Legal)

· Handling of internal and external Audits, conformance testings, reviews

· Trainings and monitoring/verification testing

· Representing Leading Financial Services Company at variousassociations

· Central point of contact for regulators (enquiries, relationship management)

· Representatiion in Country Management Committees (Germany/Switzerland/Netherlands/Sweden)

Compliance is also defined into product advisory areas, for example, Equities, Credit , EFS Compliance teams.

The role within the Northern European team will also interact directly with these teams as a local point of contact by bringing local expertise around regulations, policies, market practices and regulatory expectations specific to those countries. “We are an equal opportunity employer and we are opposed to discrimination on any grounds.”

Overall purpose of role

The definition of this role is to provide guidance on and monitor especially Trading related Compliance issues. Furthermore, the role will provide support on all Compliance matters related to the Corporate and Investment Bank businesses for the countries covered by the Northern Europe Compliance team (Germany, the Netherlands, Sweden and Switzerland).

Key Accountabilities

Provide self-dependent advice on transactions and ad hoc questions from the Markets business (especially in respect of Trading);

Provide guidance to the Markets business with regard to applicable rules and regulation;

Interact and coordinate:

· With the Dublin Head Office, the London Office and other European offices on a day to day basis to discuss specifically Markets Compliance related issues and exchange local expertise with other stakeholders; 

· With other EEA offices to share best practices and leverage on local processes when possible.

Prepare and deliver trainings on relevant key Compliance matters to the above mentioned population;

Provide support on ad hoc Compliance projects developed locally or at group level;

Develop new policies and processes as required by local regulations or implement/adapt group policies and processes locally and developed at group level and communicate and train the business population impacted;

Be aware of upcoming new regulations, perform a gap analysis and communicate the impacts;

Interact and coordinate with other Infrastructure functions.

Stakeholder Management and Leadership

This role will be based in the Frankfurt office and will require the candidate to develop close working relationships with front office and other relevant infrastructure staff in Frankfurt and EEA countries and will also involve close interaction with Head Office based product and central Compliance teams.

The candidate will report to the Head of CIB Compliance, Northern Europe, based in Frankfurt, and have additional responsibility to support the Compliance coverage of the IB and CB businesses located in Frankfurt, Amsterdam, Stockholm and Switzerland.

Serve as contact person for local regulators, authorities, auditors and external consultants, self regulated bodies and exchanges.

Decision-making and Problem Solving

Providing advice proactively and on request to the business on transactions and compliance questions.

Manage comprehensive risk based IB Compliance program consistent with the regional, global and country Leading Financial Services Company Compliance frameworks to include: annual risk assessments, executing annual Compliance plan, issue escalation and tracking including in local business management meeting, accurate and timely reporting of key risk issues and implement local verification testing (monitoring) program.

Participation in various projects with Compliance implications.

Risk and Control Objective  

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Leading Financial Services Company Policies and Policy Standards

Personal Specification

Relevant compliance or regulatory experience of between 4 to 7 years in the financial services industry, preferably with an international investment bank, law firm or similar

Candidates should be educated to degree level, with further qualifications preferred e.g. law degree

Experience with the range of products and services offered by a global investment bank, with a particular focus on sales and trading issues in fixed income

Experience of developing policy, assessing risks, conflicts, implementing procedures, training, surveillance, monitoring, investigations.

An understanding of securities laws, rules and regulations in Germany and across the EU/Switzerland

Ability to horizon scan, interpret and apply new financial regulations

Role Profile Attestation 

The content of this role profile is relevant for the role in question.

Purpose and Values

Leading Financial Services Company has a single cross-business Purpose for Leading Financial Services Company and five core Values which underpin it.

Our Purpose is helping people achieve their ambitions in the right way. Put simply this is the answer to the question ‘What is Leading Financial Services Company for?’ and it should guide our every action as employees.

Respect

We respect and value those we work with, and the contribution that they make.

Integrity

We act fairly, ethically and openly in all we do.

Service

We put our clients and customers at the centre of what we do.

Excellence

We use our energy, skills and resources to deliver the best, sustainable results.

Stewardship

We are passionate about leaving things better than we found them.


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