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Our client is a famous European institution located in Kirchberg. They are looking for a Compliance officer M/F for a temporary assignment of 2 months (with the possibility to extend until 12 months)
Contribute to regulatory work through the identification, legal assessment of and advice on compliance with regulatory requirements and/or the Bank's policies and procedures relating to the Bank's activities in the areas of market abuse, institutional conflicts of interest and MiFID and the management of these requirements in business activities in order to develop solutions that will strengthen the Compliance function, as a second line of defence), in order to identify, assess, and manage the compliance risks (such as, but not limited to, laws and regulations, conflict of interest or reputational risk, as relevant). Cooperate and collaborate with business area managers throughout the organisation to develop solutions, including digital tools, which will strengthen the Compliance function and mitigate business risk and/or maximise operational efficiency/quality.
Key accountabilities :
- Provides strategic advice and inputs to the policy development process for compliance in the areas mainly focusing on market abuse, institutional conflicts of interest and MiFID ("subject matter areas") - ensuring Group alignment in these areas;
- Provides strategic guidance and inputs for (i) identifying compliance obligations and evaluating compliance risks; (ii) addressing and controlling compliance risks (iii) performing evaluations and compliance reporting (iv) managing non-compliances and continual improvement and (v) monitoring and oversight testing activities in the subject matter areas;
- Coordinates, prepares, provides and negotiates the department's position in relation to the above mentioned topics and drafts policies/procedures, operational advice, compliance opinions and new products/new mandates risk assessments;
- Contributes to and supports the unit's initiatives and activities within the unit's field of expertise including testing and implementation ofdigitalisation projects, as well as training delivery,
- Assists with policy development, proposing improvements to procedures, methodologies and systems;
- Develops and maintains relationships with different teams in the directorate and across the different directorates and acts as liaison with the Bank's services in the subject matter areas;
- Prepares systematic prior assessments, analyses and advice on proposals in the subject matter areas (against regulations and directives and/or Bank's policies and procedures or known forthcoming changes to legislation, regulations or industry standards), and recommendations on compliance risks as well as benchmarks Compliance processes and workflows against best practice and standards;
- Monitors compliance with regulatory and Bank's requirements in the subject matter areas at OCCO and across the Bank and provides strategic advice on the required control framework;
- Identifies gaps in the subject matter areas and makes recommendations to OCCO Management for the implementation of remediation and/or potential measures of internal control;
- Provides support, advice and guidance on queries in the subject matter areas;
- Provides coaching and support to less experienced colleagues to increase their knowledge in the field of expertise and to increase the efficiency and quality of the work activities carried out by the Unit;
- Actively contributes to the review of training materials in the subject matter areas;
- Keeps up to date with best practice, regulatory requirements and guidance from EU and international standard setters, industry trends and developments with regard to subject matter areas to ensure state-of-the-art approaches to Compliance;
- Leads focus groups, meetings, benchmarking studies around subject matter area themes and topics in order to keep Bank staff and fellow colleagues informed;
- Pro-actively shares and disseminates own knowledge for the awareness-raising of fellow officers and in order to promote a broader sense of responsibility Bank-wide regarding Compliance of all relevant policies, procedures and work instructions to be followed by all Bank staff;
In general, addresses any compliance issue at the request of the OCCO Management, including the Chief Compliance Officer or the Director.
Background
- University degree at master's level preferably in law, economics, finance or a relevant related field;
- At least 5 years of professional experience in areas related to banking compliance, control functions, legal and/or regulatory, audit, financial supervision and/or other areas related to Compliance fields of competence;
- Knowledge of and experience in market abuse, institutional conflicts of interest and MiFID including risk assessment/management and oversigh testing within a financial institution, would be an advantage
- Experience in the implementation of digitalisation tools for the above mentioned topics would be an advantage;
- Excellent knowledge of English and/or French and a good command of the other; knowledge of other languages, would be an advantage;
- Ability to analyse large quantities of information in short periods of time;
- Practical approach and ability to understand the operational requirements and priorities;
- Good communication and writing skills; ability to convince others rather than resort to enforcement means.
Competencies
- Ensures Accountability
- Collaborates
- Cultivates Innovation
- Drives Results
- Instils Trust