JOB PURPOSE:
The incumbent will be a core member of the Compliance Advisory team. The focus of the role includes two primary responsibilities: (1) provide compliance advice, oversight, and challenge to the below listed business teams, and (2) lead and oversee the Compliance Surveillance team.
The role is positioned to help uphold fair and orderly markets, act as an independent partner to the First Line of Defense, and oversee and support the ongoing enhancement and framework of the Second Line of Defense which will help FAB continue to endorse a solid culture of compliance.
This is a global role so the role-holder will be responsible for collaborating with country Compliance teams to provide advice and support to the relevant business activities in international locations and manage surveillance controls on behalf of country Compliance teams.
KEY ACCOUNTABILITIES:
Compliance Advisory
- Trusted adviser and compliance subject matter expert for Global Markets and Global Corporate Finance. Provide advice, oversight, and challenge to support the business areas to manage their compliance risks.
- Provide product and location specific regulatory and compliance policy guidance.
- Advise on regulatory, compliance policy and other aspects in relation to business strategy and new business products or initiatives with an ability to develop solutions that meet various internal and external requirements.
- Act as Compliance point of contact for other compliance issues including financial crime risks, employee compliance controls, and conflicts of interest.
- Supporting the business to foster an open and co-operative relationship with regulatory authorities and exchanges. Supporting the business during regulatory requests for information, reviews and examinations and assisting in the formulation of management action plans in relation to regulatory findings.
Surveillance
- Lead and execute the tactical and strategic intent for Compliance Surveillance. Evolve the surveillance control environment and explore how the surveillance mandate can be rolled out to other business areas and locations.
- Ensure that day-to-day surveillance activities are executed per agreed protocol and key performance indicators are achieved.
- Demonstrate entrepreneurial flare in taking surveillance to a global best practice level by working with vendors and technology on various enhancements. Alerts and other forms of automated oversight will need to be calibrated for optimization.
- Responsible for ongoing governance and oversight of surveillance controls ensuring they remain fit for purpose and building and maintaining robust relationships with key stakeholders ensuring robust oversight of trade alerts. Work with vendors so that tools, metrics and alerts remain fit for purpose and proactively look for enhancements within the surveillance framework.
- Document surveillance reviews, investigations, and other activities following guidelines.
- Perform quality assurance on surveillance reviews performed by the team.
- Provide advice and training where required on key surveillance themes.
- Play a pivotal role in projects/initiatives impacting surveillance including to expansion to other relevant business areas.
General Responsibilities
- Compliance representative at governance meetings and relevant operational forums.
- Responsible for issue management including the identification, escalation and timely closure of compliance or operational issues.
- Engagement in regulatory change and regulatory projects relevant to the business.
- Work with Regulatory Compliance and other Compliance stakeholders in the development of policies and procedures.
- Oversee the development and execution of the Annual Compliance Plan for all business areas.
- Perform an annual compliance risk assessment to identify key risks and assess control effectiveness. Develop a plan for testing or targeted reviews based on the assessment.
- Conduct planned and ad hoc reviews to ensure the control environment for a specific area is designed and operating effectively.
- Design and deliver training to the business to promote compliance with applicable laws, regulations and policies.
- Oversee and input into management information and other forms of reporting.
- Oversight and maintenance of procedures, service level agreements and other forms of documentation.
- Partner with colleagues in international locations.
- Lead on solutions to risks, issues and breaches. Support Senior Management in escalating and investigating actual or potential breaches of law, regulation or policy.
- Work with Global Internal Audit to support reviews and take responsibility for timely and thorough closure of any management action plans.
People Management
- Lead and develop a team of AVPs and Specialists. Support personal development and department nationalization targets.
- Provide training, support, and mentoring to direct reports.
Lead by example to build an inclusive work environment which demonstrates the vision and values of FAB.
QUALIFICATIONS & EXPERIENCE:
Minimum Qualifications
- Bachelor’s degree or higher in management, banking, finance or other relevant field, preferably with a certification in compliance.
Minimum Experience
- A minimum of 10 years’ experience in financial services Compliance.
- At least 6 years within a Compliance Surveillance/Monitoring role.
- Extensive work experience of market abuse rules, regulations and cases.
- Good understanding of automated surveillance tools and platforms.
- International mindset and good knowledge of international laws, regulations and rules which impact Global Markets, Corporate Finance and Investment Banking.
- Understanding of products and services across Sales, Trading and Investment Banking.
- Strong interpersonal, people management, and facilitation skills with good leadership capability.
- Good exposure to project and programme management.
- Excellent analytical skills and ability to support decisions with sound reasoning.
- Excellent communication skills, including delivering to Senior Management.
Focused on driving tasks to completion, often at pace, whilst retaining a high level of attention to detail and accuracy.
