Compliance Risk Management Lead – Vice President

Compliance plays a critical role in the successful execution of the firm's compliance mission.  The Compliance function ensures the development and maintenance of a strong compliance culture by identifying and interpreting relevant regulatory rules that govern our business globally. Compliance teams work closely with business, legal, risk, and audit program infrastructure that identifies, measures and monitors compliance with applicable laws, regulations and functions to provide expertise on regulatory compliance matters, assess and measure compliance and related risks, and monitor and test the adequacy of the firm's compliance control environment. The London Branch Compliance team along with other Compliance colleagues has the responsibility for oversight of the consistent implementation of Global policies and practices whilst ensuring regional and country nuances are adopted to take into account local law and regulation.

As a Compliance Risk Management Lead – Vice President within the Compliance team, you will have a primary focus in providing Compliance coverage of the PMoD programme across International Private Bank (EMEA and APAC). You will join a dynamic team of Compliance professionals, building positive business stakeholder engagement and promoting a strong operational risk management culture, to ensure that the Firm’s Compliance, Conduct and Operational Risk Management Framework is implemented effectively. 

Job Responsibilities

• Represent Compliance within the PMod program, assessing the compliance and regulatory risk impact of key changes to the broader business, influencing risk-based decisions, challenging the proposed control environment, and providing recommendations and guidance on Compliance policies to the initiatives;
• Identify  the need for and after identifying coordinate the Compliance review of PMoD driven business and operating model led changes to determine impacts to PMoD Program across various Compliance Subject Matter Experts;
• Partner with Regional and Global Compliance function to check for consistency and leverage best practices for the PB line of business;
• Provide advice on the application of new and existing UK (including FCA), EEA (including MiFID II) and coordinate with CCOR subject matter experts in APAC (Monetary Authority of Singapore and Hong Kong Monetary Authority) regulation on with respect of business and operating model changes as a result of PMoD;
• Conduct discovery reviews of areas of emerging risk arising from PMoD to identify issues for the business to remediate, documenting outcomes and sharing results with stakeholders;
• Contribute to the performance of the Compliance risk assessment, testing and monitoring program, and new business regulatory reviews and where necessary coordinate within the legal entity and across other group legal entities as necessary;
• Engage with global horizontal risk programs (e.g. Cross Border and Data Risk Management) to ensure that business practices remain in line with firmwide changes, to define relevant monitoring & testing activities, and to engage with the related regional, Legal Entity & global risk assessment programs (LERA, QORA); and
• Prepare materials for regional and global forums to promote business awareness of the outcomes of Compliance activities, and support engagement in regulatory deliverables including advising on the content and quality of PB submissions to our regulators, taking action where necessary (e.g., OCC, ECB, BaFIN, FCA, PRA, HKMA and MAS).

Required qualifications, capabilities, and skills

• Strong background and compliance or regulatory risk management experience in large complex programmes within banking environment;
• Good knowledge of key financial services regulation and EU and UK  regulations (e.g. CRD IV, MiFID, MiFIR, Consumer Duty, COBS and Payment Services) in particular their impact on Private Banking products and services;
• Previous experience in dealing with European or Global regulators within a large and complex financial services firm or experience working at a relevant regulator;
• Ability to think, plan and execute on multiple projects simultaneously in an organized manner, prioritize, work under pressure and meet tight deadlines;
• Ability to multi-task, prioritize and thrive in a fast-paced and evolving environment
• Ability to deliver amidst continuous change and in an agile work environment
• In-depth knowledge of a full range of PB products and services, including FX and securities, banking products (e.g. Mortgages), derivatives, structured products, investment funds (including Hedge Funds and Private Equity), brokerage, investment management and payment services their purpose, target clients, specific relevant risks, deal/trade/process flow and settlement;
• Ability to consistently deliver high quality results on the local and firm-wide Compliance program; 
• Strong team player with good interpersonal and negotiating / influencing skills;
• Self-motivated individual who is eager to learn more about the financial markets and regulation;

Preferred qualifications, capabilities, and skills

• High level understanding of key APAC financial services regulations would be a plus; 
• Strong command of English language skills combined with German/ French language skills preferred;