Description of the Department
With a diverse department of Compliance professionals supporting all lines of our business, GBIS Compliance’s mission statement is to enhance and maintain a robust compliance framework, in partnership with all stakeholders, to execute the firm’s strategy in accordance with its risk appetite, regulatory expectations and industry best practices.
In order to achieve its mission statement, GBS Compliance activities are centred around five key objectives, in support of senior management, business lines and resource functions, where the business lines have first level accountability and responsibility, and where GBS Compliance’s responsibility is with respect to compliance, reputational and conduct risk matters. These five key objectives are as follows:
-Providing advice and policy development
-Facilitating knowledge and awareness
-Undertaking monitoring and surveillance activities
-Performing risk assessment, review and control activities
-Managing the relations with regulators
The department is recruiting for a trading floor-based VP level Advisory Compliance officer dedicated to the support and the management of compliance (regulatory, reputational, etc.) risks for the Cross-Assets Sales and Structured Products business lines within the Markets Division at SG.
Summary Of Responsibilities
- Proactively provide compliance and regulatory advices to the Cross-Assets Sales and Structured Products business lines as required and the relevant support to the operational functions covering this business line.
- Maintain a current understanding of the Cross-Assets Sales and Structured Products business’ strategy and be conscious of forthcoming changes to this strategy which may impact the regulatory and reputational risks arising from the business. Escalate regulatory and reputational issues and risks in a proactive and timely manner to the Global Compliance Officer for the Cross-Assets Sales and Structured Products business lines.
- Advise on regulatory and reputational aspects of new products and participate in New Products Committees “NPCs”
- Maintain a sound working knowledge of the regulatory landscape (both UK and European) and exchange rules and regulations relevant to the Cross-Assets Sales and Structured Products business lines.
- Assist in the design and deliver of regulatory trainings for the business line using one-to-one or classroom methodologies.
- Review marketing materials and any other regulatory pre-trade information documents (e.g. typically KID as per the PRIIPs/KIDs regulation) intended for retail clients within the framework of internal policies and ensure they are clear, fair and not misleading.
- Provide support to the Compliance staff in other locations as required, in understanding the regulatory risks and the impact of the London-based markets practices and FCA Rules on staff based overseas whose activities impact the UK markets.
- Participate actively in investigations into incidents arising within the business lines that are the focus of the team.
- Contribute to regulatory enquiries (both local and European) and liaise/coordinate with internal groups where necessary.
- Support the resolution of any internal (Audit or else) or regulatory recommendations in relation to Sales and structuring activities.
- Contribute to the production and maintenance of the risk cartography of regulatory risks connected to the business line produced by Markets Compliance, ensuring that the inherent regulatory risks posed by business activity are identified, along with the mitigating factors assessed to determine the residual risk and suitable actions required to further mitigate, or reduce, the regulatory risk.
- Develop personally (and encourage the development within the advisory team) of an understanding of current market practices relating to the operations of the business line and related compliance policies and practices, by maintaining relationships with Compliance colleagues in other Firms, engagement with audit, consulting and legal firms with relevant knowledge and experience and with trade associations and other industry bodies.