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JOB PURPOSE
Complementing the specific responsibilities below, the purpose of this role is to support the discharge of the Compliance Department’s mandate within the European region. The incumbent supports the Head of Compliance, Europe, who will lead the development and implementation of the Compliance Department’s regulatory compliance program in Europe. The incumbent must be pro-active and highly responsive in a business environment where decisions have to be made in time sensitive situations, be an active member in all regulatory projects as directed by the Head of Compliance Europe as well as being a trusted Compliance advisor to the Businesses across Europe. This role requires the employee to keep abreast of regulatory developments impacting the region and to assess their impact on the Business and to action any requisite changes to policy or processes accordingly.
KEY ACCOUNTABILITIES
·To provide support, guidance and advice to the front office of Capital Markets, incorporating Global Markets and Corporate & Investment Banking on relevant policies and procedures, transactions, new product approvals and conduct face to face training. This will involve dealing regularly with senior members of the business by providing them with information and advising and supporting them in the discharge of their responsibilities.
- Investigate internal reports or suspicious matters relating to conduct/market abuse.
·To support the collective monitoring and analysis of global regulatory changes and developments that could impact Capital Markets.
·To take an active role in the Compliance second line monitoring checks for relevant regulatory controls, including remedial action for exceptions and updating the monitoring and testing plan as appropriate, desk-based reviews / conducting risk assessments on the Sales and Trading desks of Capital Markets and Corporate and Investment Banking in Europe
·To review draft legislation and/or policies to assess the impact on relevant London businesses, keep CIBC Capital Markets - Europe informed and advise them on appropriate changes to business models, practices, controls or processes required to comply.
·As directed by the Head of Compliance Europe, to participate in business committees and working groups and provide subject matter expertise in regulatory issues and challenge with respect to regulatory compliance risk.
·To monitor activities for compliance and escalate significant regulatory compliance issues or material incidents of non-compliance to the Head of Compliance Europe, promptly including providing recommendations for corrective action.
- Assist the Head Of Compliance Europe in responding to regulator, internal/external assurance/audit reviews.
·Provide training to the Business through inductions for new employees as well as additional regulatory training as and when required.
CROSS-FUNCTIONAL RELATIONSHIPS
·Frequent pro-active contact with business and regional management to identify and discuss business and regulatory compliance issues and needs and to provide consistent and time-sensitive advice.
·Regular contact with Compliance partners across all regions, and with members of other internal control and Functional Groups, in order to promote a consistent approach and the development and execution of an effective and integrated control environment.
COMPLIANCE REQUIREMENTS/RESPONSIBILITIES
- As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.
- For People Managers: As a manager of people, this job must ensure all employees within the business unit comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.
AUTHORITIES/DECISION RIGHTS
- As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.
- For People Managers: As a manager of people, this job has the authority to assign tasks to employees within their span of control, select individuals for hire, assess individual performance, make employee compensation decisions and take disciplinary measures up to and including termination.
KNOWLEDGE AND SKILLS
- Strong Capital Markets product knowledge, across the following product lines FX, Equities including Equity Derivatives, Structured Products, Prime Services and Treasury;
- Extensive Corporate and Investment Banking experience with a proven track record of Compliance Advisory experience at a senior level;
- Extensive knowledge of the end to end transaction and deal lifecycle;
- Extensive experience in building and managing complex compliance programs in the context of global financial institutions;
- Detailed knowledge of relevant regulations that impact the CIBC Group across Europe;
- Track record of ability to lead on complex Regulatory Change projects;
- Sound judgment and ability to independently interpret complex regulatory issues and to provide comprehensive guidance to businesses in order to craft the best outcomes for CIBC’s business and its Clients;
- Previous people management experience and skills in order to lead, motivate and develop a professional workforce;
- Well-developed interpersonal skills, with an ability to establish strong relationships in order to build trust amongst all stakeholders (both internally and externally);
- Creative problem solving skills;
- Strong attention to detail;
- Effective and clear written and oral communication and presentation skills;
- Be pro-active and possess strong time management skills in order to prioritize and work on multiple projects simultaneously and manage competing priorities;
- Ability to effectively challenge decisions at all levels;
- A self-starter who takes ownership of matters and ensures delivery of Compliance initiatives.
WORKING CONDITIONS·This role operates within a normal office environment.
What you need to know
- CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [email protected]
- You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit
Job Location
150 Cheapside, London, UK
Employment Type
Regular
Weekly Hours
35
Skills
Business, Business, Business Environment, Business Processes, Capital Markets, Company Policies, Compliance Assessments, Compliance Programs, Compliance Requirements, Corporate Ethics, Detail-Oriented, Equities, Equity Derivatives, Executive Leadership, General Management, Global Regulatory, Group Problem Solving, Interpersonal Communication, Investment Banking, Large Group Presentations, Operational Efficiency, Oral Communications, People Management, Problem Solving, Regulations {+ 12 more}
