Job Description
Are you a senior compliance professional with high integrity and energy, eager to learn and ready to be an enthusiastic contributor and support the initiatives of Swap Dealer Compliance? Maybe this position is your next career step! The Swap Dealer Compliance team, which forms part of Group Regulatory Compliance – LC&I Compliance, is growing and we are now looking for new a colleague.
We are looking for a senior compliance professional to join our Swap Dealer Compliance team and empower us supporting on the initiatives of Swap Dealer Compliance. We do it by enhancing stakeholder relationships, conducting Compliance oversight, including monitoring of first line activities, and assisting in regulatory project related work and reporting.
The goal of the LC&I Compliance function is to act as a trusted advisor to LC&I business stakeholders to support and ensure that Danske Bank and its employees comply with applicable laws, regulations and ethical standards in order to mitigate compliance risk.
The Large Corporate and Institutions (LC&I) business unit within Danske Bank incorporates the following business areas: Corporate & Institutional Banking, Markets & Transaction Banking, Investment Banking, and Fund & Asset Management.
The LC&I compliance function forms part of Group Compliance, which provides independent oversight of compliance risk management and governance to assist the executive management promote a solid compliance culture within the Bank.
Main tasks and responsibilities:
In this role, you will be responsible for supporting and advising the LC&I business stakeholders to assist in the identification, assessment, mitigation and reporting of compliance risks.
The Large Corporates & Institutions (LC&I) Swap Dealer Principal Compliance Officer is responsible for providing compliance advice and guidance to stakeholders in the LC&I Business Unit.
The position is also responsible for monitoring and reporting on the LC&I risk profile in relation to Swap Dealer Regulatory Compliance and Conduct risks, supporting Danske Bank and its employees to comply with relevant and applicable laws, regulations and ethical standards.
As a Principal Compliance Officer in the Swap Dealer Compliance team, you will report to the Head of Swap Dealer Compliance and work closely both with the local LC&I Compliance team as well as colleagues in the broader LC&I Compliance team across the Nordics and International Units as needed.
Your tasks will include
- Guide the development and maintenance of an operating framework for identification, management, monitoring and reporting of Swap Dealer compliance risks and issues.
- Guide and encourage collaboration with and advise LC&I business and management on the identification, assessment, mitigation and reporting of Regulatory Compliance and Conduct risks and the implementation of relevant policies and instructions in LC&I.
- Coordinate regulatory inquiries and examinations with regulators and stakeholders.
- Develop and maintain strategic relationships with LC&I business stakeholders through delivery of pragmatic, timely advice on all compliance issues, providing appropriate challenge when required.
- Effectively identify, escalate and report any issues where non-compliance is not addressed.
- Guide and organise reporting requirements, including the CCO Swap Dealer Annual Report, to ensure timely and accurate reporting of key compliance risks.
- Stay abreast of legislative and regulatory developments both locally and globally that might have an impact on swap dealing activities and provide advice and guidance to the business to ensure timely and accurate implementation.
- Conduct second line oversight activities including monitoring and provide focused SME input to second line risk assessments
Who we are looking for?
To succeed in this role, it is important that you are a great team-oriented person and interested in contributing to the further development of the LC&I Compliance function. You are a self-starter who enjoys stakeholder management and is interested in ongoing learning and development. You are comfortable in a high-paced environment, possess good people- and listening skills, and have an aptitude and curiosity for understanding complex issues. To be ideal in the role, you will need to be structured, have good methodical skills, and a very high level of integrity and great interpersonal stakeholder management skills.
About you
- A Master degree or higher in related field such as Business, Finance, Accounting, Economics or Law or equivalent or equivalent working experience in a relevant field.
- +5 years’ experience working within the financial services sector, the legal function or the compliance or risk management function.
- Experience working with US regulatory requirements, particularly NFA and CFTC.
- Fluency in spoken and written English is required.
- High ethics and Professionalism
- We expect you to come with the same level of professionalism and openness and to bring with you, a positive attitude and new ideas to our unit.
We hope you enjoyed reading this article
If you would like unlimited access to AML Intelligence premium articles, newsletter delivered twice a week, access to our Global Bank Fines and Penalties database, free access to Boardroom Series events and much more, select one of our subscription options and become a subscriber!
