EMEA Global Markets Control Office, Vice President

EMEA Global Markets Control Office, Vice President

Job Title: EMEA Global Markets Control Office

Corporate Title: Vice President

Department: Global Markets

Location: London

Department Overview

This trading floor based group is the face of Conduct, Risk and Control for Global Markets; with the aim to support GM Management in proactively managing our operational and conduct risk, and to own, embed and evolve the Supervision framework.

The 3 core pillars are summarised as:

Framework

• Take overall responsibility for developing, embedding and evolving a Front Office Supervision framework which meets minimum regulatory requirements.
• Own the key tools (reporting, attestation processes, hierarchy, meetings and key governance) comprising the Supervision Framework.
• Own and maintain all relevant Procedures, Standards and Handbooks in order to clearly set out the Supervision Framework requirements.
• Communicate requirements to Supervisors, maintain awareness and carry out training of all GM staff on the Supervision Framework.
• Monitor effectiveness of Supervision through key measures and challenge Supervisors’ use of the Framework.
• Input to relevant governance forums.
• Coordinate the relevant functions to provide required tools and data.
• Develop the Supervision framework to consider relevant conduct risks.
• Communicate the Supervision framework to relevant regulators and inform them of developments as appropriate.
• Share Supervision Framework tools with other Divisions as required.

Risk Identification & Escalation

• Maintain relationships and visibility across desks and with senior management and key Corporate stakeholders.
• Use the Supervision Framework tools and processes to analyse key information (KRIs, risks, events, Supervision performance, breaches, conduct and culture), establish patterns and areas of higher risk / required action.
• Support desks and senior management in resolving and managing emerging risks and potential thematic issues.
• Carry out investigations into new events or emerging issues as required.
• Carry out thematic reviews and make recommendations to address key risks and control weaknesses.
• Provide information to executive and senior committees as required.
• Attend Supervision / KRI meetings.
• Identify required additions or changes to Risk and Control Self Assessments.
• Report on the outputs of the Supervision framework to senior management.
• Where relevant, carry out limited surveillance and escalate identified issues.
• For certain Supervisors, carry out first level review of Supervision data and elevate to relevant Supervisors.
• Meet regularly with key GM Management and present key themes and events.

Conduct and Control Enhancements

• Review and challenge the outputs of Audits and regulatory reviews of Global Markets. Own coordination of remediation plans, and remediation actions, as necessary.
• Manage down the number of past due Audit issues for Global Markets and coordinate the process for issue updates.
• Where relevant manage down the number of past due RCSA and Operational Risk Event actions for Global Markets.
• Act as a representative of Global Markets for discussions regarding the risk profile.
• Identify the need for new Controls, Standards or Procedures, and develop and own relevant, where relevant, for Global Markets.
• Represent Global Markets in inputting to other Division owned policies and procedures where relevant.
• Own / participate in relevant projects in Global Markets with the aim of enhancing conduct and control in Global Markets.
• Carry out training as required to promote appropriate conduct in Global Markets.
• Where relevant input to conduct outcomes following events / investigations.

Skills, experience and competencies required

• In-depth knowledge of a range of products
• Track record in either a front-facing Risk Management or other relevant discipline; ideally this would involve direct and regular engagement with Global Markets
• Excellent communication and influencing skills
• Demonstrates high professional integrity
• Actively leverages strengths and addresses weaknesses (of self and team)
• Acts commercially to increase efficiency
• Champions business practice change for client impact
• Identifies and articulates core issues; develops workable recommendations
• Takes accountability for driving clarity in ambiguity
• Makes decisions considering interests of relevant stakeholders
• Recognises and takes action when changing circumstances require new approaches
• Collaborates within and across teams, involving the right people
• Manages and resolves conflict where multiple positions exist
• Successfully sequences and delivers key messages
• Moves negotiations / discussions forward; gains support / acceptance for ideas at all levels
• Proactively works across teams / functions
• Keeps self / others focussed on meeting goals
• Identifies conflicting priorities and manages accordingly
• Maintains commitment in the face of challenges
• Experience dealing with Audit issue remediation, and navigation of the Risk and Control Self-Assessment process are ideal
• Understand clients’ needs and issues, and respond with high-quality proposals
• Acquire capabilities to perform one’s responsibilities and contribute to being a Trusted Partner
• Produce new ideas that might challenge the status-quo or oneself
• Seek advice from senior colleagues and utilize it for improved results
• Collaborate with members from relevant departments

Influence

• Contribute to the success of the organization both quantitatively and qualitatively, and act with awareness of the impact on others
• Serve as role model and provide guidance to junior employees

Integrity

• Have a good understanding of corporate philosophy, professional ethics, compliance, risk management, and code of conduct, and make decisions and take actions accordingly

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance

Industries

Banking, Capital Markets, and Facilities Services

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