Director: Front Office - Regulatory Risk & Controls
- Employer
- Wickham Partners Ltd
- Location
- London, United Kingdom
- Salary
- £130k - £150k
- Closing date
- May 24, 2022
View more
- Job Function
- Compliance/Regulatory
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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Director: Front Office - Regulatory Risk & Controls
• Provide key business lead input and guidance to Sales & Trading (S&T) Businesses for all compliance and regulatory control requirements.
• Develop and maintain robust S&T Regulatory control processes, including enhancement of controls, development of reports to enhance monitoring and MI to ensure Sales & Trading Desk Heads have visibility of key regulatory controls (front to back) impacting their business.
• Primary first line support and input to all S&T regulatory requirements (new and existing) to ensure full implementation into first line governance processes and BAU. - participating in technical design, tracking, escalation and control requirements in S&T.
• Provide central contact point within S&T for regulatory escalations and initiatives, working with Support Functions as part of regulatory change initiatives as required
• Design and run first line Governance processes across key regulatory touchpoints, including S&T and E-trading initiatives. Ensure all governance and controls are in line with risk appetite.
• Review and assess key hand-offs with support functions from initial regulatory implementation to assessment of control data utilised by the Front Office. Provide input and direction where necessary.
• Lead the process of review and challenge for regulatory control MI to ensure an effective enhancement to governance and control oversight requirements for S&T Heads.
Front Office - Supervision and Controls oversight
• Pro-actively enhance and promote positive conduct and risk culture to promote accountability and responsibility across all of S&T.
• Represent S&T across all inter-divisional governance to achieve an informed, consistent and transparent approach to supervision and controls visible within the second and third lines
• Ensure that the S&T supervision and control frameworks incorporate the current S&T regulatory obligations to facilitate proper oversight and control testing
Functional / Technical Competencies:
Essential
• Ability to quickly understand the local nuances regarding systems and internal relationships between departments
• Detailed knowledge of international regulatory framework, including UK FCA, ESMA, CFTC, SEC
• Firm understanding of horizon scanning and key planned regulatory changes
• Pragmatic and practical approach to the implementation and application of regulations to the business
• Good knowledge of Industry standards
• Good knowledge of Sales and Trading Business practices
• Good knowledge of Derivative products and trade flows
• Previous experience of working in, or directly supporting, a Sales and Trading Business
Preferred:
• Knowledge of data aggregation and MI creation from low level data; trend analysis
• Compliance Advisory or Middle Office experience would be useful
• Experience as part of a FO regulatory implementation project.
• Front Office Supervision or Controls knowledge/experience useful
• Sales and Trading product exposure through previous roles (in Business or as part of a Business facing team)
PERSONAL REQUIREMENTS
• Excellent communication skills
• A proactive, motivated approach.
• The ability to operate with urgency and prioritise work accordingly
• A structured and logical approach to work
• Strong problem solving skills
• A creative and innovative approach to work
• Excellent interpersonal skills
• The ability to manage large workloads and tight deadlines
• Excellent attention to detail and accuracy
• A calm approach, with the ability to perform well in a pressurised environment
• Excellent Microsoft Office skills
• Provide key business lead input and guidance to Sales & Trading (S&T) Businesses for all compliance and regulatory control requirements.
• Develop and maintain robust S&T Regulatory control processes, including enhancement of controls, development of reports to enhance monitoring and MI to ensure Sales & Trading Desk Heads have visibility of key regulatory controls (front to back) impacting their business.
• Primary first line support and input to all S&T regulatory requirements (new and existing) to ensure full implementation into first line governance processes and BAU. - participating in technical design, tracking, escalation and control requirements in S&T.
• Provide central contact point within S&T for regulatory escalations and initiatives, working with Support Functions as part of regulatory change initiatives as required
• Design and run first line Governance processes across key regulatory touchpoints, including S&T and E-trading initiatives. Ensure all governance and controls are in line with risk appetite.
• Review and assess key hand-offs with support functions from initial regulatory implementation to assessment of control data utilised by the Front Office. Provide input and direction where necessary.
• Lead the process of review and challenge for regulatory control MI to ensure an effective enhancement to governance and control oversight requirements for S&T Heads.
Front Office - Supervision and Controls oversight
• Pro-actively enhance and promote positive conduct and risk culture to promote accountability and responsibility across all of S&T.
• Represent S&T across all inter-divisional governance to achieve an informed, consistent and transparent approach to supervision and controls visible within the second and third lines
• Ensure that the S&T supervision and control frameworks incorporate the current S&T regulatory obligations to facilitate proper oversight and control testing
Functional / Technical Competencies:
Essential
• Ability to quickly understand the local nuances regarding systems and internal relationships between departments
• Detailed knowledge of international regulatory framework, including UK FCA, ESMA, CFTC, SEC
• Firm understanding of horizon scanning and key planned regulatory changes
• Pragmatic and practical approach to the implementation and application of regulations to the business
• Good knowledge of Industry standards
• Good knowledge of Sales and Trading Business practices
• Good knowledge of Derivative products and trade flows
• Previous experience of working in, or directly supporting, a Sales and Trading Business
Preferred:
• Knowledge of data aggregation and MI creation from low level data; trend analysis
• Compliance Advisory or Middle Office experience would be useful
• Experience as part of a FO regulatory implementation project.
• Front Office Supervision or Controls knowledge/experience useful
• Sales and Trading product exposure through previous roles (in Business or as part of a Business facing team)
PERSONAL REQUIREMENTS
• Excellent communication skills
• A proactive, motivated approach.
• The ability to operate with urgency and prioritise work accordingly
• A structured and logical approach to work
• Strong problem solving skills
• A creative and innovative approach to work
• Excellent interpersonal skills
• The ability to manage large workloads and tight deadlines
• Excellent attention to detail and accuracy
• A calm approach, with the ability to perform well in a pressurised environment
• Excellent Microsoft Office skills
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