Compliance Officer – Indices/Benchmark Administration in London, United Kingdom
Bloomberg’s Legal and Compliance Department plays a critical role in supporting our businesses and operations around the world. We move quickly and thoughtfully to help address a variety of complex issues that come with being the world’s leading financial news and information company.
Our team is made up of talented and hardworking professionals who think creatively and work collaboratively in an open environment to deliver results, drive innovation, and solve difficult problems. Diversity and inclusion are essential to our success, and we strive to maintain an environment where our employees are empowered to make an impact.
We are looking for a person with indices and benchmarks experience to join the EMEA Compliance team in London in support of Bloomberg’s Index business, which offers financial benchmarks and strategy indices.
What’s the Role?
Within the EMEA Compliance function, you will work as part of the global Index Compliance team providing support to Bloomberg’s global Index business. The role will focus on coverage of Bloomberg Index Services Limited (“BISL”), which offers products globally and is authorised by the UK FCA as a benchmark administrator under the UK Benchmark Regulation ("BMR"). The ideal candidate will have knowledge and experience with indices, financial benchmarks, and/or products within the financial markets; be familiar with relevant FCA and European regulatory requirements as well as IOSCO principles; and be able to implement regulatory compliance policies, governance, and controls. Strong communication and interpersonal skills are essential, together with the ability to work as part of a team, with a real drive to add value to the firm.
We'll trust you to:
1. Act as the second line of defence in a dynamic, forward-thinking business.
2. Collaborate with the index business and provide advisory compliance services.
3. Provide guidance on and implement controls relating to regulatory requirements and expectations for financial benchmarks and indices.
4. Draft responses to regulatory enquiries and contribute towards managing regulatory relationships.
5. Partner with Legal and keep abreast of regulatory changes in relevant markets and their potential impact on the product and business.
6. Draft, update, and review compliance policies in line with regulatory requirements.
7. Prepare reports for regulatory bodies and internal management.
8. Manage complex initiatives/projects involving several stakeholders across the organisation.
9. Develop and streamline new and existing compliance processes.
10. Plan, prepare, and conduct training for business stakeholders.
11. Provide second-line review of benchmark methodologies, disclosures, and marketing content.
12. Oversee SMCR implementation and controls including maintaining the register, annual fitness & propriety checks, and advising on conduct rule breach determinations.
13. Work alongside the global lead and compliance team to increase the profile of the compliance function within the business.
You'll need to have:
1. Familiarity with the financial markets and UK and EU index-related regulatory developments, particularly the BMR.
2. Good working knowledge of indices and financial benchmarks.
3. Strong communication and interpersonal skills.
4. The ability to advise on regulatory changes and developments.
5. Experience in drafting policies, procedures, and manuals, along with preparing reports for regulatory bodies and internal management.
6. An analytical mind, the ability to solve complex problems and streamline processes.
We'd love to see:
1. A desire to be part of a team in a dynamic and fast-paced organisation.
2. A Bachelor’s Degree.
3. A track record of working with and advising senior business people on compliance matters.
4. Experience of identifying and managing risk, including risk framework and issue management.
Bloomberg is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of age, ancestry, color, gender identity or expression, genetic predisposition or carrier status, marital status, national or ethnic origin, race, religion or belief, sex, sexual orientation, sexual and other reproductive health decisions, parental or caring status, physical or mental disability, pregnancy or parental leave, protected veteran status, status as a victim of domestic violence, or any other classification protected by applicable law.
Bloomberg is a disability inclusive employer. Please let us know if you require any reasonable adjustments to be made for the recruitment process. If you would prefer to discuss this confidentially, please email amer_recruit@bloomberg.net
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