Senior Manager, Compliance Advisory, Europe

Senior Manager, Compliance Advisory, Europe

Requisition

Purpose Contributes to the overall success of GBM Europe Compliance in the UK ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Accountabilities

• Compliance advisory duties include acting as the key contact for Capital Markets and Global Wholesale Operations, on all Compliance related issues. Providing support for Group Treasury, Corporate & Investment Banking and Global Transaction Banking, when required. Partnering with support and control functions and working closely with the SIDAC Compliance Advisory team and other regional Compliance leads.
• Working closely with the US/Canada Compliance team as well as partnering with key US support and control functions, be responsible for the business as usual execution of European elements of Compliance programs relating to US activity (e.g. Swap Dealer, Volcker, 15a6. In conjunction with US colleagues, address the remediation of gaps, deficiencies, or required enhancement to existing policies, processes, or procedures and the business as usual execution of the relevant US regulation as it impacts activity carried out from the Bank’s European office.
• Provides business line management with regular updates on regulatory initiatives and compliance related issues impacting the business, investigating and managing issues through the consequence management process.
• Evaluates new products, programs, services and business initiatives to ensure compliance issues are identified and address and an appropriate Compliance program to support the initiative is implemented. This includes ensuring that all relevant compliance obligations and controls are mapped.
• Acts as delegate to the Director, Compliance Advisory Europe at relevant governance committees (including the Trade and Transaction Reporting Committee and New Initiative Approval Committee) and coordinating completion of the relevant New Initiative Risk Assessments and Operational Readiness Assessments.
• Lead in the creation and delivery of appropriate compliance training (and other awareness communications, for example Compliance Bulletins) for the business lines in cooperation with Group Compliance colleagues and outsourced Compliance Service Providers.
• Responsible for the management and implementation of UK regulatory change impacting the BNSL business lines, to include performing reviews and gap analysis against items of regulatory change (including regulations, legislation, guidelines, technical standards, etc.), clearly identifying any gaps and working with the business to address same.
• Lead on the delivery of assigned projects, in particular, any which impact coverage area.
• Lead the development, implementation and maintenance of appropriate compliance policies and procedures, provide sound regulatory advice, partner with the business lines and take a proactive role in driving forward new business initiatives.
• Partner with Business Risk Management to assist in the identification, assessment, monitoring and remediation of operational and other risks in Europe. Provide recommendations and suggestions to management on corrective or remedial measures to be taken and follow up.
• Responsible for providing advice and support, for the GBM business lines in London, in order to provide reasonable assurance that:
  • The firm and its employees comply with applicable regulatory requirements and internal policies and procedures.
  • The risk of reputational damage, regulatory sanction and discipline, client complaints and civil litigation is minimized.
  • Actual and potential compliance violations and risk situations are proactively identified, investigated and resolved or escalated in an appropriate and timely manner.
• Remain current of UK, European and other relevant legislation and regulatory developments and support Compliance team with all aspects of the implementation of regulatory change initiatives relating to Europe.
• Partner with the Compliance team in keeping business line…