Compliance Officer - UK Compliance Officer - UK …

T. Rowe Price International
in London, United Kingdom
Permanent, Full time
Last application, 15 Jun 21
T. Rowe Price International
in London, United Kingdom
Permanent, Full time
Last application, 15 Jun 21
Compliance Officer - UK
A career at T. Rowe Price says you want to contribute and make a difference at a leading global investment management firm where success results from the dedication our associates have in building success for our clients. We are a growing organization of associates from diverse backgrounds, experiences, and perspectives. We take a long-term view on associates and their careers. Our associates do phenomenal work with purpose, and as a result, we provide growth opportunities through in-person and online training, management development programs, and career development on the job. If you are seeking a meaningful work experience along with a workplace culture that thrives on teamwork, we invite you to explore the opportunity to join us.

The primary purpose of the Compliance Officer is:
  • To support the EMEA Compliance Managers and the Head of EMEA Compliance in the effort to ensure that the EMEA operations of T. Rowe Price comply with relevant legislation and regulation.
  • Reviews policies and procedures for an assigned business unit. When current policies and procedures do not meet required standards, incumbents will work with business leaders to identify the areas of concern, offer recommendations, and manage the follow up to ensure the areas of concern have been addressed in a timely manner
  • In consultation with legal team, recognizes current industry compliance issues and research and impact on assigned business units. Assists with the communication of relevant information to business unit leaders
Principal Responsibilities

Assist the Compliance Manager with providing consultative compliance support and advice to the firm's Global Distribution business, Technology and Finance departments. Serves as contact point for Global Distribution teams (Relationship Management, Consultant Relations, Marketing, Client Account Services) for questions related to regulatory matters.
  • Assist with the ongoing monitoring of jurisdictional regulatory changes and impact analysis, with a view to issuing advice and guidelines to the business in relation to the markets in which it operates
  • Works closely with other areas of the legal and compliance teams to keep them abreast of changes that are being disseminated to the business
  • Assisting Compliance Managers and Attorneys within Legal department in the EMEA region, with regulatory change projects.
  • From time to time assisting the Compliance Monitoring Team with surveillance or thematic reviews.

Assist the Compliance Managers and Head of EMEA Compliance in Delivering actionable consultative compliance support to the Equity and Fixed Income investment business and support functions. Responsibilities include:
  • Researching and responding to trading issues. Using regulatory knowledge and judgment to provide appropriate resolution to trading issues and providing interpretive guidance on the trading manual matters;
  • Makes decisions on whether clients can participate in an IPO or private placement;
  • Researching IPO, private placements and corporate actions and providing interpretive guidance on selling and transfer restrictions as they relate to the firm's global client base; including safe harbors from US Securities law and relevant laws/regulations in other jurisdictions;

Works to ensure that the business conducted within the Europe, Africa and Middle East ("EMEA") region complies with relevant laws and regulations including:
  • Licensing (at the corporate level);
  • Assists the SMCR Conduct Manager in maintaining up to date records, registrations and information on the firm's Senior Managers and Certification Staff for the UK entities.
  • Assisting with regulatory reporting for the firm, e.g. GABRIEL/CONNECT/South African FSCA submissions;
  • Ensuring appropriate policies and procedures are followed to comply with local conduct of business rules;
  • Responding to question/information requests from regulatory authorities;
  • Assisting with management of regulatory inspection visits and requests for information;
  • Maintaining knowledge of regulatory developments and implement any required business changes;
  • Developing and enhancing policies procedures for the business to ensure compliance with regulatory or market developments. Documenting and administering procedures as required;
  • Assisting with the broker legal documentation requirements;
  • Work closely with other areas of the business to ensure appropriate review and resolution of complaints
  • Coordination of Compliance responses to client due diligence requests and RFPs
  • Leading, and or assisting Compliance Managers and Attorneys within Legal department in the EMEA region, with team or firm-wide change projects

Provides consultative support and advice on Code of Ethics and Conduct ("Code") related matters including:
  • Providing advice on policy with regards to reporting and prior clearing gifts and entertainment. Uses judgment to determine when and how policy should be applied in atypical scenarios;
  • Reviewing over the wall requests/market soundings from brokers and advising the investment business on issues that may involve material non-public information and making additions to or removals from the Restricted List.
  • Providing advice to the investment business when conflicts of interest may arise. Using judgment to determine appropriate action to avoid any such conflict;
  • Providing Compliance training to new associates joining the firm
  • Assisting with the development and roll-out of new training initiatives within the Legal Department

  • Bachelor's degree or the equivalent combination of education and relevant experience
  • At least 3+ years working knowledge of compliance within the asset management industry
  • Knowledge of FCA/UK regulatory framework with direct relevant experience
  • Good general knowledge of the FCA handbook
  • Able to work under pressure and produce results without close supervision
  • Ability to handle heavy workload under tight timeframes and prioritize appropriately
  • Good verbal and written presentational skills
  • Attention to detail
  • A team-worker who must be able to build working relationships and interact with a diverse group of internal and external contacts
  • Analytical skills allied with creative thinking
  • Excellent interpersonal and influencing skills

  • Good product knowledge - US mutual funds, UCITS products and separate account management.
  • Project management capabilities would be advantageous
Second language(s): German would be preferred

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, colour, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.
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