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Global Markets Compliance Officer (6 month FTC)

Employer
Natixis UK
Location
London, United Kingdom
Salary
Negotiable
Closing date
Apr 5, 2023

View more

Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Welcome to Natixis! At Natixis, we create tailor-made solutions in Asset & Wealth management, Corporate and Investment banking, Insurance, and payments, with over 12,000 staff members in 35 countries.

At Natixis, you have a great opportunity to join an entrepreneurial, agile and growing organisation, and to be part of an inspiring team. We offer a competitive remuneration package and generous total reward package and as an inclusive employer, we are also open to considering flexible working arrangements. We continuously work to create an environment that promotes diversity and inclusion in all its forms, across gender, race, religion, sexual orientation, disability, ethnicity and background. We believe this creates equal opportunities for our employees - and better outcomes for our clients and communities. We are committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruitment process.

The incumbent will have primary responsibility for Business Compliance activities in relation to defined businesses with the Global Markets area in London, primarily focusing on Commodities (GMC). This will involve developing, compliance policies as well as coordinating and monitoring the effectiveness of compliance support for the relevant business within the framework of the overall Natixis compliance strategy and the Compliance strategy set by the UK Head of Compliance. The incumbent is required to establish a strong relationship not only with these business units, but also with Head Office Markets Compliance staff, and relevant Global Markets management in the UK. The incumbent will also act as a back-up or stand-in for other defined businesses with the Global Markets and other areas in London

As a business compliance officer, the incumbent will be required to deliver sound regulatory advice, as well as taking a proactive role in identifying potential compliance weaknesses and initiating measures to rectify them. The incumbent shall be responsible for providing that effective Compliance policies and procedures relating to the relevant London Global Markets businesses and any other designated London business are drafted and implemented. This will require analysis of both UK and Head Office requirements, and where Compliance policies and procedures are to be issued as Global ones by Head Office, either the construction of local addendums, or the input of UK requirements into the Global document. The incumbent will also be responsible for developing, in conjunction with the Compliance Control team, an effective routine monitoring plan for the London Global Markets area. The monitoring is currently undertaken by the Compliance Control, but this should not preclude the incumbent from assisting monitoring in areas not covered by the agreed plan. The incumbent will be responsible, in conjunction with other Global Markets Compliance team, for providing that an effective training programme is in place for the relevant London Global Markets businesses and any other designated London business, covering relevant Natixis Global requirements as well as specific UK regulatory ones. The incumbent will be responsible for identifying any training gaps and either filling these, or escalating the matter as appropriate. In relation to their areas of responsibility, the incumbent will contribute to routine Management Information and reports.

This role will entail overall responsibility for designated London Global Markets, and any other designated business, activities that are currently booked in the UK, as well as those cross-border activities that take place in the UK, but are booked overseas. The latter will require careful liaison with relevant overseas offices.
  1. Compliance Policies and Procedures
    • To provide that there are adequate, current, clear and sufficiently detailed compliance policies and procedures in place for the designated London Global Markets and other business areas so that relevant regulatory, rules and Head Office requirements are properly disseminated, understood and embedded in sustainable processes.
    • To work closely with the Regulatory Implementation Officer to ensure there is an effective and targeted regulatory watch process on an ongoing basis, so as to identify new laws, regulations and best market practices/regulatory expectations that will affect these businesses. In particular this will include working with relevant stakeholders to ensure there is a clear impact assessment and analysis or required actions in respect of regulatory changes impacting the allocated areas of responsibility Provide that the Compliance Internal Procedures Manual is up to date in relation to defined areas of responsibility by providing the relevant information in a timely manner to the Central Compliance team.
    • To assist in developing business-wide policies and procedures for London Global Markets and other designated business units in conjunction with other Business Compliance Officers.
  1. Regulatory Advice and Queries
    • To provide effective and co-ordinated compliance advice in a timely manner to designated London Global Markets and other business management and staff, as well as providing for an appropriate and timely two-way flow of information between Compliance and the business. Compliance advice will include consideration of best practice, the regulatory requirements of competent authorities, as well as compliance with internal procedures and directives.
    • In respect of regulatory enquiries, to work with the relevant functions (such as Operations, IT and Legal, etc) to provide an accurate and considered response within the required deadline.
  1. Training and Awareness
    • In conjunction with other Global Markets Compliance team members, to develop, organise and deliver regular business specific compliance training, targeted themed training and general awareness campaigns (in conjunction with the Central Compliance team), so as to maintain awareness by the designated London Global Markets and other business of applicable rules, regulations and best practice. A yearly review of training should be undertaken and a training and awareness programme for the designated London Global Markets and other business areas (as appropriate) established and agreed with the UK Head of Compliance.
  2. Compliance Monitoring Programme
    • To develop, in conjunction with the Compliance Control team, a comprehensive risk-based Compliance Monitoring Programme for the designated London Global Markets and other business areas, including reporting on identified weaknesses and monitoring implementation of agreed action points. Monitoring is currently undertaken by the Compliance Control, but this should not preclude the incumbent from assisting monitoring in areas not covered by the agreed plan. From time to time, to provide technical input into the Bank's market abuse monitoring/transaction surveillance system (Actimize) in relation to those business areas falling under their responsibility.
  1. Rolling Business Reviews
    • Once implemented, to provide input into the planning of, and participate in, regular risk-based business reviews across designated areas of Global Markets (in conjunction with other members of the Compliance Department as applicable), reporting on identified weaknesses and following through to ensure implementation of agreed action points.
  1. Trade Monitoring and Exchange Business
    • Where appropriate to coordinate responses to issues raised by the FCA, AMF or other regulators as well as exchanges or other trading facilities, providing that trades subject to requests for information are reviewed and investigated as required.
    • To provide that the London Global Markets Compliance team is the primary point of contact for relevant exchange queries and corporate registrations, and provide that relevant exchange/trading platform information is disseminated as appropriate to the business.
  1. Conflicts Management
    • To work with the Control Room/Banking Business Compliance officers to monitor that any conflicts have been identified and recorded, then appropriately managed in accordance with Natixis procedures, and to raise any specific issues for discussion with the Control Room/Banking Compliance officers. To this end, review all issues which are brought up by the Central Compliance team or Compliance Control in respect of PA Dealing, Restricted and/or Watch List alerts, etc for the London Global Markets area.
  1. SMCR and Exchange Registration
    • To assist the Central Compliance team with queries and FCA registration/Certification requirements in connection with London Global Markets staff.
    • To provide that the London Global Markets Compliance team is the primary point of contact for exchange queries for designated business areas.
  1. Management Reporting
    • To develop accurate and meaningful monthly Management Information and ensure that it is delivered on time for routine Compliance reports.
  1. Relationship with Head Office Markets Compliance Team
    • To foster the relationship between the UK Global Markets team and Head Office, providing that where possible there is consistent application of compliance standards that Head Office is aware of relevant cross border business, and that cross-border issues are escalated where appropriate.
  1. Relationship with the Banking Compliance Team
    • To foster and develop an effective working relationship between the UK Global Markets and Banking Compliance teams, providing that where possible there is consistent application of compliance standards across private side areas within both the Banking and Global Markets businesses.
    • To provide that the relevant Banking Compliance officer is aware of material business/events affecting compliance with Banking policies such as Information barriers and management of Conflicts of Interest.
  1. Ad hoc
    • To assist the Head of Compliance the Head of Business and Functions Compliance and senior management with ad-hoc tasks and projects that may be assigned from time to time. The incumbent may also be required to represent Compliance on internal and external committees and steering groups from time to time, as agreed with the UK Head of Compliance or the Head of Business and Functions Compliance.
    • To provide cover for the others members of the Global Markets Compliance team in their absence or when they are engaged in other matters
    • Build specific areas of expertise relevant to the Natixis business, regulatory and organisational model


  • Strong knowledge of various compliance regimes impacting London Global markets, particularly the UK and EU, but also APAC and US (Dodd-Frank Act, Volcker Rule, MAD/MAR, MiFID II/R, EMIR, FATCA etc.)
  • Relevant experience working as business compliance with front office in Commodities and experience in dealing with exchanges.
  • Previous exposure to other areas such as Credit, Fixed income, Equities business lines would be an advantage.
  • Excellent communication skills, both written and oral, along with sound analytical skills and good judgement, with a proven ability as a problem solver. Ability to respond quickly and accurately under pressure.
  • French language useful.

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