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Compliance Assistant

Date Posted: Dec 7, 2021

Location: London, GB Canary Wharf, GB Canary Wharf, GB London, GB Canary Wharf, GB

Company: MetLife

PositionCompliance Assistant, MetLife Investments Compliance

Job Location: London, UK (hybrid flexible working available)

 

Securing the Compliance Assistant role at MetLife will provide you with a diverse, equity and inclusive culture to succeed in. MetLife is stable and secure, our success principles provide an excellent work ethic for you to develop and progress in. To enjoy our employee benefits that include generous pension, life assurance, income protection and private medical insurance as standard all you need to join the investments compliance team is 2-3(+) years of Compliance experience, gained from a regulated firm from the Financial Services sector.  

 

Department: The Corporate Ethics and Compliance Department (“CEC”) delivers a compliance risk framework that enables MetLife’s lines of businesses and corporate functions to comply with applicable internal and external rules and regulations, maintain risk levels, within MetLife’s risk appetite, and integrate ethics and compliance principles across MetLife. Within CEC, the Investments Compliance department provides oversight and coverage to MetLife Investment Management (MIM), a global asset manager with over $600 billion of total assets under management.  

 

The Role: This position will be a critical member of the Investments Compliance Team, providing coverage, oversight, and strategic partnership to MIM’s UK and Ireland regulated entity as well as MetLife investments activities across the Europe Middle East and Africa (EMEA) region. The Compliance Assistant will partner with the first line to develop appropriate risk mitigation strategies and controls and conduct risk-based testing, monitoring, and surveillance oversight activities. For the MIM UK regulated entity, they will review marketing and financial promotion materials to ensure compliance with applicable FCA rules. This role will also be responsible for other core Compliance activities including regulatory filings, escalations, and tracking of issues for EMEA Investments.

 

This role would be expected to stay abreast of applicable laws, rules and regulations ensuring they are then incorporated with advice offered to the Investments teams. They will partner closely with Compliance colleagues across MIM’s US and Asia businesses. The individual will be required to make sound judgment-based decisions and answer complicated compliance risk-related questions, put appropriate controls in place to mitigate risks, and exercise judgment to know when issues need to be further escalated to senior management for consideration and deliberation.

 

The Compliance Assistant will report directly to the Chief Compliance Officer for EMEA Investments.

 

Key Responsibilities:

  • Design, enhance, and implement compliance activities to meet regulatory expectations
  • Review existing compliance policies and procedures and make enhancements to strengthen processes, procedures and policies and stay ahead of regulatory requirements and expectations
  • Identify issues, escalate and analyze having regard to the complexity of risks and regulations in an asset management business.
  • Assist CCO in submission of regulatory filings as and when required
  • Review and approve sales and financial promotions marketing materials  
  • Work collaboratively with business partners including those in IT, Legal Affairs, Corporate Licensing, and Internal Audit.
  • Stay abreast of changes in the regulatory environment and analyze the business impact of regulatory changes
  • Provide meaningful compliance reporting to senior management
  • Work closely with peers in CEC to ensure consistent processes and approaches are followed and that synergies are realized, and provide Compliance support to other areas, as needed.

 

 

Essential Business Experience and Technical Skills:

  • Would suit a compliance professional with 2-3 years of experience in a compliance or audit or related role (with experience in asset management preferred but not essential)
  • Understanding of relevant FCA securities laws and regulations
  • Understanding of applicable laws, regulations and requirements, including industry practices
  • Experience in conducting monitoring and surveillance activities
  • Easily translates compliance matters to business executives and externally can interface with relevant regulatory authorities if needed
  • Excellent written and verbal communication skills, including the ability to prepare and conduct presentations and communicate with senior and executive management
  • Must be a dedicated, self-motivated individual with an ability to work independently and in a team environment
  • High degree of professionalism, sound judgment and discretion
  • Excellent interpersonal skills required to develop partnerships and relationships throughout the organization
  • Ability to think proactively and make recommendations and complex decisions, and to anticipate regulatory needs and expectations and plan for them
  • Proficient in Microsoft Word, Excel, and PowerPoint
  • Exceptional ability to manage confidential information in a professional manner
  • Thinks 2-3 years ahead and can identify how to accomplish future goals
  • Educational background – minimum Bachelor’s Degree, Law preferred

 

This role is subject to the Senior Manager and Certification Regime.

 

All Certification Roles are required to comply with the FCA’s Tier 1 Conduct Rules which are as follows:

 

Tier 1 – Individual Conduct Rules

  1. You must act with integrity
  2. You must act with due care, skill and diligence
  3. You must be open and cooperative with the FCA, the PRA and other regulators
  4. You must pay due regard to the interests of customers and treat them fairly
  5. You must observe proper standards of market conduct

 

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.

 

MetLife:

MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

We are one of the largest institutional investors in the U.S. with $659.6 billion of total assets under management as of December 31, 2020. We are ranked #48 on the Fortune 500 list for 2020. In 2020, we were named to the Dow Jones Sustainability Index (DJSI) for the fifth year in a row. DJSI is a global index to track the leading sustainability-driven companies.   

 

MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world.  Visit us at www.metlife.com to learn more about our brand, history, and values. 

 

MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

 

#MIM

 

MetLife will assist in the funding of Professional Fees for employees where 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. 

 

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.

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 #: 121304 

We welcome applications from candidates of all backgrounds, ethnicities, genders, religions and sexual orientations. 

We strive to find the best candidate for all positions and a diverse range of applicants ensures we widen our talent pool in order to achieve this. 

Those with disabilities and neurodiverse conditions, please do let us know about your reasonable adjustments to ensure that we can best meet your needs.

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