Private Banking Compliance Officer (knowledge of structured products) - TOP TIER BANK

The successful candidate will work as part of a small but highly regarded team reporting to the London-based Co-Head of Private Banking, EMEA The individual will provide general support to the Private Bank businesses conducted in the region, working with local compliance officers in Paris, Madrid, Milan, Frankfurt, Switzerland and the Middle East, and will focus on investment product and service maintenance and development conducted in London. Specifically, the individual will:

• Assess and analyse Compliance and Regulatory issues;
• Assess and analyse the impact of proposed new products, services and procedures;
• Assist business management in the development of policies and procedures designed to achieve and ensure compliance with firm and regulatory requirements; Provide clear advice on the application of UK, MiFID and US rules (where applicable) and firm policy;
• Liaise with internal and external auditors, and manage responses and action compliance issues raised in audit reports & Control Self Assessment reviews;
• Work with global and regional compliance management;
• Identify, investigate potential rule and policy breaches, conduct investigations, coordinating corrective action with other control functions as necessary/required;
• Review and approve marketing communications and product literature
• Keep abreast of industry trends and "hot issues" and anticipate areas of focus and attention of regulators, keeping business management and Compliance colleagues informed;
• Work with Legal & Compliance colleagues, initiate ongoing discussions with regulators to effect outcome of proposed regulations;

Qualifications and Skills

• Educated preferably to Degree Level, possibly with accounting or legal qualification/background.
• Proven experience working in a similar role.
• Good working knowledge of FSA Handbook, EU regulations and US securities laws.
• Detailed working knowledge of Investment Banking products and alternative investments.
• Previous work experience in Investment Banking, niche Private Banking or Alternative Asset Management
• Ability to work in a fast-paced, dynamic and demanding environment
• Attention to detail and control/quality awareness.
• Good interpersonal skills especially the ability to liaise at all levels, internally and externally, e.g. Business Managers, Audit, Risk Management, Legal , other line of business and core Compliance personnel, and Regulators.
• Good organisational and planning skills.

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