Compliance Manager, Finance & Banking

Location: St James's

Job Family Group:
Ethics & Compliance Group

Job Description:

Our purpose is to bring together people, energy and markets to power and navigate a changing world. In a time of constant change and possibility we need new talent to pursue commercial opportunities, fuelled by world-class insight and expertise. Were always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too.

About the role:

We have an excellent opportunity for a Compliance Manager to implement an effective and consistent ethics and compliance (E&C) program in our London and Hanover trading offices. In this role, you will support and provide timely advice to our European APac Power and Carbon (EPAC) Trading & Origination businesses, perform trade and communications surveillance, and assist in developing and deploying bps algorithmic trading governance framework, all while sharing knowledge and building strong relationships across all of E&C as part of a best-in-class compliance department in the energy industry.

Main responsibilities and tasks The position reports to the Senior Compliance Manager in London and is primarily responsible for performing surveillance of business activities, influencing culture and providing guidance to the business to ensure compliance with all laws, regulations and bp policies and procedures. More specifically, you will:
Business communications and market surveillance Perform trade surveillance to ensure compliance with commodity trading venue rules and regulatory requirements, including the Market Abuse Directive (MAR) and Regulation on Energy Market Integrity and Transparency (REMIT). Perform business communications monitoring to meet our obligations around potential market abuse and/or inside information under MAR and REMIT. Assist in the development of our trade surveillance programme to maintain effective arrangements, systems and procedures to detect and report suspicious orders and transactions.

Advisory / support Provide regulatory and compliance advice and support to the EPAC business and support functions. Coordinate a risk-based trading compliance monitoring program in London and Hanover, ensuring that all bp trading compliance policies and procedures are appropriately documented, updated and available for reference. Develop strong relationships and partnerships with the business, establishing E&C as a functional business partner.

Build strong working relationships with other E&C team members in London and Singapore to ensure effective knowledge sharing and timely resolution of incidents. Support in the monitoring and assessment of new regulatory requirements impacting a commodity trading business (i.e. new requirements around REMIT, MiFID II). Assist the business to identify and mitigate risks involved in new business activity (both physical commodity and regulated financial activity).

Assist in compliance training and promoting a top-class culture of compliance. Algorithmic activity Support the development and deployment of an effective governance framework and appropriate control environment to manage and mitigate regulatory risk associated with algorithmic and electronic trading. Work with our trading teams to understand and mitigate potential inside information risks associated with algorithmic activity.

About you:

Essential requirements:
Relevant University degree or equivalent working experience. Energy commodity trading knowledge and an understanding of traded products, markets and general business processes. A background in gas and power markets would be a strong advantage.

Working experience with automated / algorithmic trading (trading, monitoring or other relevant tasks). Fluent English language skills (both written and verbal). Experience, knowledge and understanding of relevant regulations (MiFID, MAR, REMIT, EMIR etc), commodity trading venue rules, FCA regulatory requirements and managing regulatory relationships.

Experience of designing and conducting compliance monitoring and surveillance activity. Ability to demonstrate integrity, courage and sound judgement. Ability to…