Markets Compliance Regulations Specialist

A leading corporate banking and capital markets organisation is seeking a Markets Compliance Officer to join their team in London.

Main Purpose of this role

• Liaise with and provide support to the Head of the Markets Compliance function, as well as members of the markets compliance team in London.
• Act as a regulatory risk subject-matter expert for all non-Financial Crime Compliance regulatory obligations and their impact on the London business, including liaising with the 2nd line and 1st Line, overseeing their respective implementation of regulatory changes.
• Identify, through regular horizon scanning, new regulatory developments. Including assessing the impact of those developments to the firm.
• Coordinate, supervise and assist in processing completion of markets controls and annual Compliance Control Self-Assessment (CSA) exercise for Markets Compliance.
• Coordinate, supervise and process completion of the annual Markets Compliance Risk Analysis.
• Act as principal coordinator for the implementation and update of RC UK policies, procedures, controls, risk assessment and compliance review liaison
• Assist in collating and reporting of Markets Compliance MI for various Compliance committees
• Ensure work is aligned to the local Markets Compliance plan and compliance with internal requirements.
• Undertake or assist with team processes including E-communications monitoring and where required, assist Control Room team in duties such as Managing UK disclosures/ reporting to regulators, Takeover Panel and others (long/ short positions, etc,).and ad hoc project work, providing analysis and making recommendations, as required.
• Interact with regulators, exchanges and industry bodies, as required.
• Help develop and implement Compliance policies and procedures to reflect regulatory obligations applying to the business, including participation in new product approvals working with other members of Compliance and business, as required.
• Develop own professional expertise through on the job training, and continued attention to key papers and themes of focus in the sphere of UK and UK affecting regulation.
• Represent Commerzbank at industry forum and maintain links to Compliance networks.
• Other tasks as required.

Key activities and key competencies

• Banking experience in a financial institution on an international scale.
• Strong knowledge of UK regulatory obligations and how they impact corporate and wholesale market business.
• Knowledge of the Commerzbank Group and the Bank's business objectives and strategic goals and the Compliance department.
• Compliance knowledge, especially regarding risk categories, and an understanding of the basic regulatory requirements and the principles of operational business management.
• Excellent knowledge of written and spoken English.
• Proficient use of MS-Office (Excel, Word, PowerPoint).

Key Requirements

• Professional qualification or a number of years of relevant work experience of businesses covered or Compliance management.
• General understanding of general regulatory requirements, including the regulatory requirements around all key London Branch business areas.
• Ability to analyse and interpret regulations.
• Ability to identify key issues and escalate them in a timely manner.