Key Roles and Responsibilities
This Director level role will sit within FM Conduct Compliance team and will report directly to the Head of FM Conduct and will require the successful candidate to be wholly self sufficient and drive the generation, planning, delivery, and execution of the substantial book of work undertaken by this team
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Perform an independent parallel second-line monitoring function with a specific focus on identifying poor behaviours and conduct at the individual level.
Design, implement, and uphold the principles set out under the FM Code of Conduct.
Align and direct our resources with the Group Conduct Management Framework and the outcomes / themes underlying those principles.
Assist supervisors and management with concerns around potential mis-conduct
Identify, aggregate, and interrogate existing conduct data captured across the Group, to identify potential trends or indicators of concern with regards to conduct.
Being a centre of excellence to drive the Group’s Global Standards through:
Training;
Advice; and
Policy, Procedure, and Guidance Notes.
Driving change within the Bank’s FM business to enhance policies, processes and controls to minimize compliance and regulatory risk, benchmarking against best industry practice
Design and deliver training and other forms of education to ensure expected standards of conduct are communicated to the relevant business staff
Assist in the coordination of the on-going book of work within the Bank’s Financial Markets business to adequately frame the conduct risks presented and document the approach taken to mitigate those risks
Work with relevant stakeholders on various conduct themed end-to-end reviews of Financial Markets activity – to include: Preliminary fact-finding, identifying potential issues in relation to how the Bank is conducting its Financial Markets business activity
Identification of changing regulatory trends or standards relevant to the Financial Markets business, partnering with relevant stakeholders in the across the function and the business, to understand business impact
Design and coordinate the execution of assurance reviews to test whether enhancements are adequately embedded;
Promote and embed a compliance culture throughout the Financial Markets business
Ongoing interaction and strategic insight with the global Surveillance team in relation to the broader conduct agenda.
Qualifications and Skills
Substantial wholesale banking experience
Good educational background, ideally to a masters degree or equivalent (MBA, MA, PhD)
CFA or CFE Credentials will be advantageous
Good knowledge of both local and global (specifically UK) rules and regulations, emerging themes, and areas of increasing regulatory focus and attention – including, but not limited to the regulatory conduct agenda
Career experience at any of the following within the relevant jurisdiction(s): law firm, financial institution, regulator or compliance consultancy practice
Excellent knowledge of more than one Financial Markets product or business type – for example very detailed knowledge and/or practical experience/deep understanding of more than one area within Financial Markets (FX, Fixed Income, Commodities, Equities, Treasury)
Strong appreciation of the importance of proper standards of wholesale conduct within banking business and an understanding of how to identify and frame conduct risk related issues across the business
Excellent oral presentation skills, including a proven track record of developing and delivering regulatory focussed training materials to large groups across multiple geographies.
Ability to develop and enhance relationships across multiple stakeholders in various functional and geographic groups, including but not limited to FM business management, other Compliance functions, etc.
Excellent written English with a proven track record of drafting policy, procedural, manual or operational documentation to a very high standard. This should include tracking and managing feedback from a broad range of stakeholders, and condensing into written documentation of an exceptionally high standard and in a concise and practical written style (strong excel, word, and power point skills would be advantageous).
Ability to consider matters from an end-to-end perspective, including looking at conduct related matters from the initial policy statements, more detailed procedural aspects, training requirements, assurance testing and monitoring
Identification of potential regulatory risks facing the business (either conduct or regulatory related), beyond the obvious risks
Proven executor of initiatives including leading on improving standards, culture and behaviour
Ability to work independently, within a team and with appropriate supervision, with a desire to deliver results. Self-motivated and self-reliant with genuine desire to get things done and to do it right, as well as the ability to provide practical and effective advice. Being able to accept challenge and change, listen to the other point of view and adapt your approach accordingly is essential.
Diplomacy, sensitivity and the ability to gently, but professionally stand your ground when needed and persuade others of the merits of a particular approach.
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