Head of Compliance

Our client:

Our client is a European leader in banking and financial services with presence in more than 80 countries across the globe.

The role:

The jobholder will ensures the respect of regulatory and Group's obligations regarding the compliance function in Romania;

Main accountabilities

  • Provides reasonable assurance towards governance bodies, compliance Group and regulators on the compliance of the territory's operations/activities with laws and regulations and ensures action plans are launched for perceived weaknesses;
  • Drives the change required within the compliance function and in the interaction with the business;
  • Establishes an appropriate governance to manage risk of non-compliance;
  • Leads, manages and supports Compliance teams;
  • Defines how Compliance rules will be adapted / implemented in the Territory;
  • Controls the effective implementation of Compliance rules;
  • Ensures the interface between the Business Line, regulatory authorities and/or the Group Compliance;
  • Validates the information and materials reported to the Business Line and to the Group Compliance function;
  • Makes Compliance decisions on issues reported by his/her teams and by the Business Line on his/her scope of responsibility according to his/her delegation mandate; escalates appropriately as and when necessary according to Group escalation procedures;
  • Provides support and guidance to Business Line teams;
  • Represents the Compliance Function in Business Line's Management Bodies on his/her scope of responsibility;
  • The main Compliance risks areas are the following:
    • Fight against Money Laundering and Terrorist Financing;
    • Respect of Embargoes and International Financial sanctions;
    • Prevention of Corruption and bribery;
    • Know Your Customer, Know Your Supplier, Know Your Intermediary, Know Your Employee;
    • Prevention of Market Abuse: market manipulation and insider trading;
    • Management of conflicts of interests;
    • Protection of the interest of the clients;
    • Professional ethics;
    • Respect of banking and tax laws with extra-territorial reach such as the French banking law, the Volker rule, FATCA and AEOI;
    • Veto Right on client acceptance and TAC/NACS (Transaction Approval Committee / New Activity Committee).

Main Requirements:

  • General knowledge of applicable regulatory framework and its evolutions;
  • Knowledge of Compliance issues and specific challenges  of the local regulatory bodies;
  • Legal culture and literacy;
  • English (+ other relevant language);
  • Integrity, Conduct;
  • Analysis, synthesis and accuracy;
  • Self-confidence (independent mind-set);
  • Acting with perspective;
  • Assertiveness;
  • Risk management appetite;
  • Communication skills;
  • Ability to simplify complex topics;
  • Pedagogy and ability to share expertise;
  • Developing others.

We thank all applicants for their interest, however only those candidates selected will be contacted.

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