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UK Investments Compliance Officer

Date Posted: Mar 8, 2019

Location: London, LND, GB, E14 5AA

Company: MetLife

UK Investments Compliance Officer

Job Location: London

 

                                     

 

This is a senior, business critical compliance role. You will be the regional head of an FCA registered investment management firm, and enjoy the many benefits of undertaking such as role. MetLife is a global powerhouse, however we operate at a nimble, dynamic and highly fluid level. Our Canary Wharf business is held in high regard by our clients, you will provide the oversight, advise and consultancy expertise needed for us to thrive in the sector. 

 

Compliance office role value proposition: 

This position is a regulatory requirement and is responsible for being the Financial Conduct Authority (“FCA”) Head of Compliance Officer for a regulated UK Entity.  As such, this role is accountable for leading, implementing and overseeing an FCA compliance program in the U.K., acting as a liaison with the FCA regarding licensing matters, and providing on-going compliance advice,  counsel and oversight to the regulated entity and its personnel.

 

In addition to the regulatory requirements and accountabilities, this position will also be responsible for overseeing the Investments compliance program as it applies to all activity of MetLife Investments personnel across Europe.  These responsibilities include staying informed and up to date on all  applicable laws, rules and regulations. It is also responsible for writing and implementing compliance policies and procedures, to reasonably prevent and detect violations of investment laws; conducting monitoring and testing of applicable controls to ensure that all European investment activities and the employees responsible for investing on behalf of the company comply with regulatory requirements and company standards.

 

This position will require working collaboratively with Investments professionals and senior management teams, throughout Europe and the U.S., and with other Investments Department risk control organizations, including Global Risk Management, the Investments Section of the Law Department, and Internal Audit. This role is a key and critical position to ensure that MiFID II and GDPR have been effectively implemented across the entity and ensure that the appropriate governance and control environment is developed to become compliant with the Senior Managers Regime when it goes into effect.

 

Compliance Officer key responsibilities:  

  • Is solely responsible for fulfilling the regulatory requirements of compliance oversight (CF10) and money laundering (CF11) controlled functions as defined by the FCA;
  • Manage and oversee all interactions with the FCA, its primary, local regulator;
  • Advise and consult with Investments and the Investments Section of the Law Department, Global Risk Management and others to prepare disclosures or reports for regulators, boards of directors, working groups and committees as necessary;
  • Prepare , report and communicate key metrics and high risk matters to senior management and the Board of Directors, as needed; Is accountable for leading and managing the Compliance Risk Management Program for Investments across Europe;
  • Stay abreast of local laws, rules and regulations to ensure compliance program addresses all applicable risks;
  • Develop, implement, and oversee compliance policies and procedures to prevent and detect violations of investment laws across Europe;
  • Lead and provide ongoing training to European Investments professionals with respect to applicable policies, procedures, and controls;
  • Provide advice and counsel European Investments professionals to ensure that they satisfy their compliance obligations;
  • Lead, develop and execute a monitoring and testing plan to ensure that compliance controls are operating as intended;
  • Complete all necessary regulatory reporting; and
  • Oversee the day-to-day administration of several key controls related to the Investments compliance program across Europe, including, but not limited to, oversight of portfolio guideline monitoring, the restricted issuer list, gifts and business entertainment reporting, personal securities trading, authorized trader lists, OFAC, regulatory reporting, marketing material review, and ethical walls.

 

Compliance Officer essential business experience and technical skills:

  • LLB, LLM, JD or MBA a plus
    • Minimum of 8 years’ experience with an FCA registered investment management firm with at least 3 years serving as CF10 and/or CF11.
    • Excellent written communication skills, including ability to write procedures, prepare formal disclosure statements and regulatory reports, and work with complicated excel spreadsheets.
    • Demonstrated ability to assess risk and communicate results to senior management, preferably at Board level.
    • Demonstrated ability to analyse risks and controls, determining when controls are not operating effectively and act accordingly.
    • Extensive knowledge of rules and regulations applicable to MetLife’s Investment activities in Europe, especially GDPR, MiFID II, and the Senior Managers Regime.
    • Excellent oral communication skills, including ability to communicate with all levels of management.
    • Demonstrated ability to translate and communicate requirements in ley persons terms, enabling business partners to better understand requirements, working together toward implementation of solutions.
    • Dedicated, self-motivated with an ability to work independently as well being a team player. 
    • Training experience, legal background, and foreign languages a plus.

 

Leadership Competencies:

  • Thinks Strategically – Sets direction of the UK Investments compliance risk management program aligned to the company’s strategy, applying external and global perspective to meet changing regulatory requirements.
  • Creates Partnerships – Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.
  • Drives Results – Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.

 

Dimensions:

  • Control weaknesses identified and remediated
  • Business partner awareness and engagement, measured based on partner feedback
  • Negative audit/regulatory findings
  • Losses attributable to control weaknesses that should have been identified through effective compliance oversight

 

Other Comments:

 

Hiring Philosophy:

In Legal Affairs, we strive to attract, develop and retain diverse talent with the potential to be future leaders of our department and of MetLife as a whole. We seek legal and compliance professionals who demonstrate high intellectual capacity to understand complex matters facing our company, combined with strong leadership competencies to motivate and inspire higher performance by all our professionals. We take an active role in developing the skills of our talent and guiding their professional growth. By promoting skill development and career advancement for our professionals. we are better positioned to serve our internal business partners and to help achieve MetLife’s vision of becoming a world-class leader in the insurance, retirement savings and employee  benefits industries.

 

 

MetLife will assist in the funding of Professional Fees for employees were it is relevant and aligned to your position

within the organisation.  MetLife reserve the right to make a judgement on whether the subscription is relevant or not to your role as well as cease the payment at any time. This type of subscription will not incur “benefit in kind” tax. 

 

MetLife is proud to be an equal opportunity employer.  We are committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce.  It is the policy of MetLife to ensure equal employment opportunity without discrimination on any basis protected by law.

For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.

Requisition #: 98981