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Compliance Officer - Benchmarks

Thomson Reuters Legal & Regulatory Professionals 1/5/2018 10:33:23 AM London, United Kingdom
Job Description

Business Unit:

Financial & Risk (F&R) provides solutions to the global financial community - delivering critical news, information and analytics, enabling transactions and connecting communities of trading, investing, financial and corporate professionals.

We help our customers generate superior returns, improve risk and compliance management, increase access to liquidity and create efficient, reliable infrastructures in increasingly global, electronic and multi-asset class markets, through our market-leading Thomson Reuters Eikon, Thomson Reuters Elektron and Thomson Reuters Enterprise Risk Manager. We are also leading the way in innovation with respect to new Fintech and Reg Tech developments through our core innovation labs located around the globe.

F&R Compliance is responsible for assisting the business manage and mitigate regulatory and compliance risk. It is an independent function within Thomson Reuters which reports to the General Counsel of F&R Legal and then to the General Counsel of Thomson Reuters. F&R Compliance supports a wide variety of businesses within Thomson Reuters globally ranging from regulated activity to activity that has regulatory touch points. This role will be primarily focused on all of the activities of the regulated business/regulated touch points within Financial and Risk, and will also gain experience in other areas of F&R and TR that may have some regulatory impact. This is a varied and unique role and will suit candidates looking to further their career in financial services and corporate compliance.

Position Title:  Compliance Officer – Benchmarks

Requisition No:   JREQ092647

Location:  30 South Colonnade, Canary Wharf, London E14 5EP United Kingdom

Role Summary:

The Compliance Officer – Benchmarks role is a position which is expected to develop expediently and garner sufficient experience to become responsible for providing strategic oversight, pragmatic management, first class regulatory guidance and advice to ensure the firms operations and regulated and unregulated activities are conducted in compliance with the regulatory expectations, requirements and obligations of our respective regulators. This role will predominantly focus on the F&R Benchmark and Indices business. This role will also be responsible for working collegiately and pragmatically with senior management within the business to ensure that activities, processes and behavior are conducted in accordance with our regulators and the Thomson Reuters’ principles and expectations. The role will be responsible for all matters involving relevant benchmark issues. This role will work closely with other member of the F&R Legal and Compliance team in the EMEA as well as the wider global F&R Legal and Compliance team. The successful candidate will be a true “business partner” who can advise on the relevant and salient regulatory developments to the businesses in scope. The ability to impact and influence across a matrix and the necessary gravitas will be required to carry out the role effectively.

While working closely with the Global F&R Legal and Compliance team and other members of the TR Governance framework, the Compliance Officer – Benchmarks must also be connected to, and be responsible for managing, together with other colleagues, the day to day relationship with relevant regulators most notably for this role the UK Financial Conduct Authority (FCA) and other regulators associated with our global benchmarks business. They will be expected to be hands on compliance advisor, whilst also dealing with senior stakeholders.

This role will report to the Compliance Director – Benchmarks. This role will not have any direct reports, but the candidate will be expected to mentor and collegiately share experiences and expertise with the rest of the team.

It will require a high caliber proactive person to maximize its effectiveness. The successful candidate will need to be an effective communicator, possess strong influencing skills and be responsible for enhancing the compliance framework and program by introducing approaches to make the role as efficient and effective as possible.

Major Responsibilities / Accountabilities:

  • Review and understand the relevant regulatory regimes and frameworks including, but not limited to; IOSCO, FCA Handbook (i.e. MAR), EU Benchmark Regulation.
  • Attend training and development courses to become a subject matter expert.
  • Provide regulatory support and guidance to all the benchmark businesses globally.
  • Act as a point of contact for the relevant business in scope (most notably the Benchmark and Indices business) for regulatory and compliance matters relating to F&R matters within the remit of the role.
  • Develop, maintain and strengthen the relationship between compliance and the business by providing timely and effective advice and developing the communication channels to ensure a two way flow of information.
  • Develop, maintain and update relevant regulatory policies, processes and procedures. Ensure and enforce compliance with all aspects of these policies, processes and procedures.
  • Oversee the planning and preparation of audits (both internal and external) reviewing and approving documentation gathered to respond to compliance and regulatory inquiries.
  • Ensure effective management of relationships with relevant global regulators.
  • Engage and manage external counsel and consultants where necessary.
  • Engage in assisting the Thomson Reuters Benchmark Services Limited (“TRBSL”) Board of Directors and, when required, undertaking the company secretary role.
  • Develop, implement and conduct compliance training programs. Review and update existing programs for improvements and updates needed due to revisions in laws and regulations.
  • Work closely with the business to develop pragmatic solutions/opportunities while remaining cognizant of regulatory rules, obligations and expectations.
  • Assist in setting the agenda for the Benchmark and Indices Compliance program and create a significant contribution to the regulatory awareness of TR employees through timely and relevant advice and strategic thinking. This includes identifying and escalating regulatory risks.
  • Work seamlessly and in partnership with other member of the Thomson Reuters Legal team, working on a collegiate and effective partnership.
  • Leverage and partner with other colleagues within Thomson Reuters which include and are not limited to our Risk teams, the Regulatory and Government Affairs teams globally on regulatory policy matters.
  • Responsibility for submitting all relevant regulatory filings and reports in a correct and timely manner.
  • Act as the contact and point person to enable the Risk Monitoring officer to conduct compliance desk reviews and assist business with implementation of actions.
  • Oversee the planning and preparation of exams and audits (both internal and external).
  • Assist global F&R Team with policies, procedures, training, and processes.
  • Proactively identity issues affecting Thomson Reuters through attendance at business, F&R events and regulatory events.

Key Relationships:

  • Develop, maintain and strengthen the relationship between compliance and the business by providing timely and effective advice and strengthening the communication channels to ensure a two way flow of information.
  • Leverage and partner with other Thomson Reuters teams including colleagues in government affairs, F&R Legal, and the enterprise and global F&R Compliance team.
  • Interact with technology support to ensure trading systems and information security and data privacy practices remain compliant with firm policies and industry regulation.
  • Ensure effective management of relationships with relevant global regulators.

Technical /Professional Skills & Competencies:

Essential Skills and Experience:

  • Proven knowledge of applicable regulatory rules (particularly FCA) but also other regulatory bodies’ obligations and requirements, if relevant.
  • Strong team player essential – this role will demand a very strong collaborative working relationship with a number of team members/stakeholders.
  • Ability to interact with all levels of the business and relevant external stakeholders
  • Ability to influence decision making and practical implementation of regulatory strategies and practices.
  • Ability to negotiate and resolve issues with meaningful solutions
  • Excellent analytical, problem solving, and project management skills including successful leadership of projects from their inception through to completion.
  • Excellent presentation and communication (both written and verbal) skills

Desired Skills and Experience:

  • Experience in a globally regulated entity; have a firsthand understanding of FCA and global rules and regulations (currently in place or being proposed) in respect of Benchmarks and Indices (i.e. IOSCO, EU Benchmark Regulations and Asian proposed rules) or have worked in a role that have relevant links to Benchmarks and other regulatory bodies’ obligations and requirements.
  • Experience within an Exchange, trading venue, investment bank or a regulated financial institution or experience gained at one of our primary regulators.
  • Knowledge of trading systems in particular the technical aspects of Exchanges, Trading platforms, order management or execution management systems.
  • Ability to work on own initiative
  • Demonstrated success working in a highly collaborative, global environment, with a track record of accomplishment with measurable business impact
  • Accomplished at working across borders in a culturally diverse organization

Education/ Certifications:

  • Degree or relevant industry qualifications

At Thomson Reuters, we believe what we do matters. We are passionate about our work, inspired by the impact it has on our business and our customers. As a team, we believe in winning as one - collaborating to reach shared goals, and developing through challenging and meaningful experiences. With more than 45,000 employees in more than 100 countries, we work flexibly across boundaries and realize innovations that help shape industries around the world. Making this happen is a dynamic, evolving process, and we count on each employee to be a catalyst in driving our performance - and their own.

As a global business, we rely on diversity of culture and thought to deliver on our goals. To ensure we can do that, we seek talented, qualified employees in all our operations around the world regardless of race, color, sex/gender, including pregnancy, gender identity and expression, national origin, religion, sexual orientation, disability, age, marital status, citizen status, veteran status, or any other protected classification under country or local law. Thomson Reuters is proud to be an Equal Employment Opportunity/Affirmative Action Employer providing a drug-free workplace.

Intrigued by a challenge as large and fascinating as the world itself? Come join us.

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London-United Kingdom
Req #: JREQ092647
Locations: London-United Kingdom
Job Function: Legal & Regulatory Professionals
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