Compliance, Custody & Client Assets, Associate, Frankfurt / Luxembourg

Our division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm’s culture of compliance. Compliance accomplishes these through the firm’s enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense, Compliance assesses the firm’s compliance, regulatory and reputational risk; monitors for compliance with new or amended laws, rules and regulations; designs and implements controls, policies, procedures and training; conducts independent testing; investigates, surveils and monitors for compliance risks and breaches; and leads the firm’s responses to regulatory examinations, audits and inquiries. You'll be part of a team with members from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.

YOUR IMPACT 

This role will focus on, but not be limited to, providing Compliance coverage for our Germany and Luxemburg based Custody Operations and German custody rules along with the coverage of other regional compliance matters.

A successful candidate will also participate in region-wide, and global initiatives to enact the Global Compliance mandate.  

To fulfil this role, you will:

• Advise, challenge and influence control and operating functions about regulations, policies and reputational risk
• Identify, investigate and manage compliance issues involving control and operating functions
• Provide support and guidance to control and operating functions in dealing with regulators
• Brief senior leadership including the Chief Compliance Officer on risks identified and ensure stakeholder engagement 
• Analyze regulatory changes and enforcement actions to assess the impact to control and operating functions, and participate in work to ensure the business is able to support applicable rules and requirements
• Support the development, analysis, drafting and implementation of related policies, procedures, standards, and processes to ensure compliance with applicable regulations and requirements
•  Assist the Client Asset Protection Officer with compliance of the rules and obligations by conducting a second line risk assessment on compliance with Custody rules and obligations
• Conduct second line testing and monitoring, including forensic reviews to monitor compliance with regulations and firm policies
• Liaise internally and externally with auditors and stakeholders on various audit engagements for custody assets.
• Develop and deliver communication and training 

QUALIFICATIONS AND SKILLS

A strong candidate for will satisfy some or all the following criteria:

• At least 3 years of work experience including as a compliance officer or in a risk management or control function role
• Detailed knowledge of German and Luxembourg Custody rules, legal frameworks and circulars 
• Experience working as a regulator, interacting with regulators, or supporting regulatory audits or inquiries 
• Understanding of the wider regulatory reporting environment including historical focus from regulators and current supervisory/enforcement activity in EMEA
• Knowledge of operational practices in securities and derivatives markets
• Knowledge of regulations, practices and markets infrastructure in Europe

A strong candidate will possess the following skills:

• Clear, concise communication and drafting skills; able to communicate with impact at senior levels and with external regulators
• Risk Management: the ability to identify, understand and articulate risks associated with regulatory reporting and working with multiple stakeholders to assist in the mitigation/escalation of those risks
• Able and willing to challenge; comfortable with inter-personal conflict; able to build strong professional rapport with stakeholders while maintaining independence as a risk manager
• Sound judgment, ethics and integrity
• Fast learner; able to adapt to business and regulatory changes; interest to challenge status quo and find new solutions
• Proficient in using technology; able to analyze data sets and summarize findings; comfortable learning new technologies, both as a user and to identify risks
• Team-oriented and supportive of others’ success; comfortable representing a teamwork product to stakeholders
• Well organized with the ability to manage both longer term projects and daily, often time-sensitive, escalations