Director, Financial Crime and Compliance, EMEA & Asia
Sotheby's
Sotheby's is the premier destination for auctions and private sales of Contemporary, Modern & Impressionist, Old Master Paintings, Jewelry, Watches, Wine, Decorative Arts, Asian Art & more.
Established in 1744, Sotheby’s is the world’s premier destination for art and luxury. Sotheby’s promotes access to and ownership of exceptional art and luxury objects through auctions and buy-now channels including private sales, e-commerce and retail.
THE ROLE
This role will be reporting to the Chief Compliance Officer and Deputy General Counsel, Global Head of Litigation and will assist with developing, implementing and managing all aspects of compliance in EMEA & Asia, including providing advice to business groups and senior stakeholders on compliance related matters affecting Sotheby’s business in these regions. This position will have a particular focus on financial crime compliance and will include undertaking the role of Money Laundering Reporting Officer (MLRO).
To be successful in this role, the individual must be an experienced certified compliance professional or a qualified lawyer with extensive experience in financial crime compliance. They should have exemplary communication skills and experience in designing and implementing cross-border compliance programmes. They will also have the ability to build strong relationships with our business clients and senior stakeholders, and to give considered and practical advice on complex matters. The right person for this role will be a self-starter who has sufficient expertise and experience in this area to be able to operate autonomously and to manage a team.
RESPONSIBILITIES
* Responsible for financial crime compliance in EMEA & Asia, including in relation to anti-money laundering and counter terrorist and proliferation financing (AML/CTPF), sanctions and anti-bribery and corruption (ABC);
* Acting as MLRO and performing all associated responsibilities, including developing and managing Sotheby’s internal suspicious activity reporting processes, filing suspicious activity reports (SARs), and supporting on any regulator audit or risk assessment;
* Developing, maintaining and reviewing Sotheby’s business wide risk assessments, policies and procedures in relation to financial crime;
* Responsible for the continuous development, improvement and implementation of Sotheby’s systems controls and tools to mitigate financial crime risk;
* Managing and developing Sotheby’s KYC Analyst team and ensuring core operational functions are equipped with adequate anti-financial crime awareness;
* Act as point of escalation to advise on and assist with the onboarding of new clients and review of existing clients and their transactions;
* Oversight of regulatory affairs in the relevant region;
* Maintaining in-depth knowledge of relevant financial crime regulations and updating staff on relevant changes;
* Assisting with developing, maintaining, and delivering an education and training programme on financial crime matters;
* Providing accurate and timely advice and guidance to Sotheby’s staff on compliance policy areas;
* Assisting with designing and implementing procedures to monitor and audit the efficacy of the Compliance program;
* Supporting senior stakeholders on larger projects by providing assistance and advice in connection with compliance related aspects;
* Taking an active role in knowledge sharing and practice development;
* Ensuring appropriate record retention and management.
IDEAL EXPERIENCE & COMPETENCIES
* 8 plus years of compliance experience in the regulated sector or post-qualification experience in a regulatory and/or financial crime practice area;
* Previous experience of being an MLRO and/or of implementing cross-border compliance programmes;
* Proficiency in using relevant screening tools;
* Experience in transaction monitoring and fraud detection;
* Excellent analytical and written skills;
* Ability to assess and balance commercial and regulatory risks;
* Excellent relationship management and people skills;
* Professional and calm manner; able to multi-task and prioritise;
* Additional language skills helpful;
* Art law / art industry experience is not required.
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The Company is an equal opportunity employer and considers all applicants for employment without regard to race, color, creed, religion, sex, sexual orientation, marital or civil partnership/union status, national origin, age, disability, pregnancy, genetic predisposition, genetic information, reproductive health decision, sexual orientation, gender identity or expression, alienage or citizenship status, domestic violence victim status, military or veteran status, or any other characteristic protected by federal, state/province or local law.
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