Regulatory Affairs Compliance Officer
- London, England, United Kingdom
- Permanent, Full time
- 08 Jan 18 2018-01-08
Regulatory Affairs: The permanent role will report into the Executive Director, Regulatory Affairs - Act as a central point of contact between the Prudential Regulation Authority ('PRA'), Financial Conduct Authority ('FCA') as well as other regulators and the firm.
Regulatory Affairs: The permanent role will report into the Executive Director, Regulatory Affairs
- Act as a central point of contact between the Prudential Regulation Authority ('PRA'), Financial Conduct Authority ('FCA') as well as other regulators and the firm.
- Ensure that where relevant, action points in relation to the PRA and FCA are promptly and appropriately addressed - these include information requests, ad hoc queries and other issues the regulators may raise. This requires the building of strong working relationships across a number of support and control functions within the firm, with members of the senior management team, the PRA, FCA and other overseas regulators (where necessary).
- Provide information to assist senior management and other relevant individuals within the firm in keeping up to date with key regulatory developments. Assist in assessing / making an impact analysis of relevant regulatory developments and what these mean for the firm.
- Provide compliance advice to support and control areas of the firm in relation to regulatory requirements.
- Attend all relevant regulatory meetings with PRA and FCA (and other regulators as required) across a wide range of conduct and prudential issues and take detailed notes.
- Engage with Compliance staff within Nomura's EMEA network to help facilitate a coordinated approach to Regulatory Affairs across the EMEA region.
- Assist in the coordination and communication with Tokyo Compliance and Tokyo Regulatory Affairs in relation to all material regulatory issues arising in the EMEA region such that the firm's relationships with its Japanese regulators can be appropriately managed.
- Lead on the coordination of regulatory examinations/thematic reviews or investigations as required. Ensure that issues with actions or deadlines are escalated to relevant senior management and, if necessary, the PRA/FCA on a timely basis.
- Escalate to the Senior Management in Regulatory Affairs and Compliance any significant issues relating to compliance with applicable regulatory requirements, other regulatory relationship issues, or the wider regulatory environment.
- Assist where required in the production of compliance management information and metrics to keep senior management within the firm informed of key issues relating to Regulatory Affairs or the firm's regulatory relationships.
- Proactively develop a strong working relationship with the PRA and FCA and other regulators. Help others within the firm to build strong relationships and understand the PRA and FCA's requirements and way of working.
- Promote the importance of maintaining strong regulatory relationships across the firm.
- Provide guidance on issues which may need to be reported to the PRA and/or FCA to ensure the firm continues to be open and cooperative with its regulators in accordance with Principle 11, PRA Fundamental Rule 7 and specific reporting requirements.
- Manage the dissemination of information on the firm's regulatory relationships and discussions to senior management and other relevant individuals across the firm to help the firm be consistent in its approach to regulators.
- Continue to develop and streamline Nomura's information management systems and processes including continuing the build out of the Internal Regulatory Management Dashboard System (subject to IT resource).
Key objectives critical to success:
- Sound working knowledge of financial services regulation in the EU with a focus on wholesale markets. Advisory compliance or trading experience in FICC and/or Equities highly desirable
- Direct experience of communicating with UK and EU regulators on a range of issues
- Experience of managing regulatory authorisations and legal entity licenses
- Ability to work independently with minimal oversight
- Excellent time-management skills, multi-tasking ability and ability to work in a high-pressure environment with limited supervision
- Strong attention to detail
- Sound understanding of compliance/conduct and prudential risk issues
- Ability to identify, analyse, resolve and articulate - both verbally and in writing - complex regulatory issues
- Ability to lead discussions around complex issues with relevant stakeholders and to drive strategic decision making with senior management up to Board level
- Sharp business acumen and excellent interpersonal skills
- Sound judgment on business practices, regulatory relationship management and reputational risk.
- Exemplary integrity, ethics, independence and resilience.
- Confident presenter