VP -Business and Functions Compliance Officer (14-month Maternity Cover)

Overall purpose of the role.

The incumbent will act as a core member of the Business and Functions Compliance team, supporting a broad range of Advisory Compliance activities across the various business units and functional areas within the UK branch, including Banking and Markets desks. The individual will act as a primary point of contact to the Private Side businesses as well as working closely with the Regulatory Developments and Implementation Officer, and supporting the Head of Business and Functions Compliance directly on projects and matters impacting across the branch.

This will involve developing relevant local compliance policies and procedures as well as coordinating and monitoring the effectiveness of compliance support for the designated private side business within the framework of the overall Natixis global compliance strategy and the compliance strategy set by the UK Head of Compliance. The incumbent is required to establish a strong relationships with business and infrastructure colleagues locally and also with relevant Head Office Compliance staff.

Compliance Policies and Procedures

• To provide that there are adequate, current, clear and sufficiently detailed compliance policies and procedures in place for the designated Private side business so that relevant UK regulatory and legal requirements, regulations, rules and Head Office requirements are properly disseminated and understood.
• To work closely with the Regulatory Implementation Officer to ensure there is an effective and targeted  regulatory watch process on an ongoing basis, so as to identify new laws, regulations and best market practices/regulatory expectations that will affect these businesses. Provide that the Compliance Internal Procedures Manual is up to date in relation to defined areas of responsibility by providing the relevant information in a timely manner to the Central Compliance team.
• To assist in developing business-wide global policies and procedures for designated Private side side businesses in conjunction with other Business Compliance Officers.

Regulatory Advice and Queries

• To provide effective and co-ordinated compliance advice in a timely manner to management and staff across the UK branch, as well as providing for an appropriate and timely two-way flow of information between Compliance and the business. Compliance advice will include consideration of best practice, the regulatory requirements of competent authorities, as well as compliance with internal procedures and directives.
• In respect of inquiries from Regulatory bodies, to work with the relevant functions (such as Operations, Legal, etc) to provide an accurate and considered response within the required deadline.
• Assist in the evaluation of new business initiatives/products impacting the UK branch and risk assess any such initiatives including regulatory impact and ensure compliance with internal requirements;

Training and Awareness

• To develop, organise and deliver regular business specific compliance training, targeted themed training, induction training and general awareness campaigns (in conjunction with the Central Compliance team), so as to maintain awareness by UK branch employees of applicable rules, regulations and best practice. 

Compliance Monitoring Programme 

• To support the Compliance Monitoring Programme for the UK branch, including reporting on identified weaknesses and monitoring implementation of agreed action points. Compliance monitoring is currently undertaken by the Compliance Controls team, but this should not preclude the incumbent from initiating monitoring in areas not covered by the agreed plan.
• Support the annual Compliance Risk Assessment programme for the UK branch ensuring risks and controls are correctly identified and recorded.

Rolling Business Reviews

• Once implemented, to provide input into the planning of, and participate in, regular risk-based business reviews across the UK branch (in conjunction with other members of the Compliance Department as applicable), reporting on identified weaknesses and following through to ensure implementation of agreed action points.

Conflicts Management

• To work with the Control Room/other Private side Compliance officers to monitor that any conflicts have been identified and recorded, then appropriately managed in accordance with Natixis procedures, and to raise any specific issues for discussion with the Global Control Room. 

SMCR, Exchange Registration & Conduct

• To assist the Central Compliance team with queries and FCA registration/Certification requirements in connection with UK branch staff.
• To escalate Conduct breaches/issues to relevant Management and the Head of Business and Functions Compliance in a timely manner.

Management Reporting

• To support the development and production of complete accurate and meaningful monthly Management Information and ensure that it is delivered on time for routine Compliance reports to business management and the Head of Business and Functions Compliance.

Relationship with Head Office Private side Compliance and Global Control Room Teams

• To foster the relationship between the UK and Head Office, providing that where possible there is consistent application of compliance standards that Head Office is aware of relevant cross border business, and that cross border issues are escalated where appropriate.
• Monitor performance of London Branch SLA with HO Private side Compliance and Global Control Room and escalate potential issues or shortfalls in expected services.

Relationship with the Business and Functions Compliance Team

• To act as a team player within the Business and Functions Compliance team, fostering and developing cohesion in approach to different asset classes and roles and responsibilities. Maintaining an effective working relationship within the team, providing that where possible there is consistent application of compliance standards across both the Private Side and Global Markets businesses.

Audit Points

• Support addressing relevant audit requirements for the UK branch in a timely manner and avoid overdue recommendations.

 Ad Hoc  

• To assist the Head of Business and Functions Compliance and senior management with ad-hoc tasks and projects that may be assigned from time to time. The incumbent may also be required to represent Compliance on internal and external committees and steering groups from time to time, as agreed with the Head of Business and Functions Compliance.