Compliance, Custody & Client Assets, Vice President, Frankfurt

Compliance, Custody & Client Assets, Vice President, Frankfurt Job Description

Our division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm’s culture of compliance. Compliance accomplishes these through the firm’s enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense, Compliance assesses the firm’s compliance, regulatory and reputational risk; monitors for compliance with new or amended laws, rules and regulations;

designs and implements controls, policies, procedures and training; conducts independent testing; investigates, surveils and monitors for compliance risks and breaches; and leads the firm’s responses to regulatory examinations, audits and inquiries. You'll be part of a team with members from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.

Part of the Global Compliance Division, the firm’s CF&O Compliance team is a global team with responsibility for providing compliance coverage to the control, finance and operating teams which comprise Operations Functions, Engineering, Controllers, Corporate Treasury, Corporate and Workplace Solutions, Executive Office, Corporate Planning & Management, Risk, Tax and Human Capital Management divisions. This includes:

• Conducting risk identification, measurement and assessment
• Monitoring for compliance with laws, rules, regulations and policies, including the identification and investigation of conduct related issues
• Participating in firm responses to regulatory examinations, audits and inquiries
• Performing surveillance and investigations of business activities of the above-referenced CF&O functions
• Testing the effectiveness of controls
• Writing policies and procedures
• Communicating regulatory requirements and firm policy expectations to educate others both one-on-one and through compliance learning initiatives

The team has members in Bengaluru, Hyderabad, Dallas, London, New York, Salt Lake City, Singapore, Tokyo, and Warsaw.

This role will focus on, but not be limited to, providing Compliance coverage of German Custody Operations and German custody rules along with the coverage of Operations, Controllers and Tax functions.

A successful candidate will also participate in region-wide, and global initiatives to enact the Global Compliance mandate.

To fulfil this role, you will:

• Advise, challenge and influence control and operating functions about regulations, policies and reputational risk
• Identify, investigate and manage compliance issues involving control and operating functions
• Provide support and guidance to control and operating functions in dealing with regulators
• Brief senior leadership including the Client Assets Protection Officer (CAPO) on risks identified and ensure stakeholder engagement
• Analyze regulatory changes and enforcement actions to assess the impact to control and operating functions, and participate in work to ensure the business is able to support applicable rules and requirements
• Support the development, analysis, drafting and implementation of related policies, procedures, standards, and processes to ensure compliance with applicable regulations and requirements
• Assist the Client Asset Protection Officer with compliance of the rules and obligations by conducting a second line risk assessment on compliance with Custody rules and obligations
• Conduct second line testing and monitoring, including forensic reviews to monitor compliance with regulations and firm policies
• Liaise internally and externally with auditors and stakeholders on various audit engagements for custody assets.
• Input into compliance risk assessments to ensure effectiveness of the firms’ compliance program
• Develop and deliver communication and training
• Investigate and liaise with internal stakeholders in relation to conduct issues
• Recommend compliance testing work to be performed
• Provide support and guidance tocontrol and operating functions in managing information barriers
• Coordinate with the broader CF&O Compliance team on initiatives and projects

A strong candidate for CF&O Compliance will satisfy some or all the following criteria:

• Atleast 5 years of work experience including 3 years as a compliance officer or in a risk management or control function role
• Knowledge of German and Luxembourg Custody rules, legal frameworks and circulars
• Experience working as a regulator, interacting with regulators, or supporting regulatory audits or inquiries
• Understanding of the wider regulatory reporting environment including historical focus from regulators and current supervisory/enforcement activity in EMEA
• Knowledge of operational practices in securities and derivatives markets
• Knowledge of regulations, practices and markets…