Compliance, Custody & Client Assets, Vice President, Frankfurt / Warsaw

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.

CF&O Compliance is looking for a talented individual to join the team to assist with the coverage of customer protection rules in particular, the German custody obligations along with the coverage of Operations, Controllers and Tax functions.

YOUR IMPACT 

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 to control and operating functions in managing information barriers
• Coordinate with the broader CF&O Compliance team on initiatives and projects

QUALIFICATIONS AND SKILLS

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

• At least 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 infrastructure in Europe

A strong candidate for CF&O Compliance will possess the following skills:

• Clear, concise communication and drafting skills; able to communicate with impact at senior levels and with external regulators
• Risk Management: the ability to identify, understand and articulate risks associated with regulatory reporting and working with multiple stakeholders to assist in the mitigation/escalation of those risks
• Able and willing to challenge; comfortable with inter-personal conflict; able to build strong professional rapport with stakeholders while maintaining independence as a risk manager
• Sound judgment, ethics and integrity
• Fast learner; able to adapt to business and regulatory changes; interest to challenge status quo and find new solutions
• Proficient in using technology; able to analyze data sets and summarize findings; comfortable learning new technologies, both as a user and to identify risks
• Team-oriented and supportive of others’ success; comfortable representing a teamwork product to stakeholders
• Well organized with the ability to manage both longer term projects and daily, often time-sensitive, escalations