Compliance, Custody & Client Assets, Associate (m|f|x) Frankfurt am Main

Our division prevents, detects, and mitigates compliance, regulatory, and reputational risks across the firm and helps strengthen the firm’s culture of compliance. Compliance accomplishes this through the firm’s enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense, Compliance assesses the firm’s compliance, regulatory, and reputational risks; monitors compliance with new or amended laws, rules, and regulations; designs and implements controls, policies, procedures, and training; conducts independent testing; investigates, monitors, and tracks compliance risks and breaches; and leads the firm’s responses to regulatory examinations, audits, and inquiries. You’ll be part of a team with members from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading. We seek candidates who possess sound judgment, curiosity, and the ability to adapt to a changing regulatory landscape.

This role will focus on—but not be limited to—providing compliance coverage for our custody operations based in Germany and Luxembourg and for German custody regulations, as well as addressing other regional compliance matters.

A successful candidate will also participate in region-wide and global initiatives to implement the Global Compliance mandate.

Tasks

• Advise, challenge, and influence control and operating functions regarding regulations, policies, and reputational risk
• Identify, investigate, and manage compliance issues involving control and operating functions
• Provide support and guidance to control and operating functions in their interactions with regulators
• Brief senior leadership, including the Chief Compliance Officer, on identified risks and ensure stakeholder engagement
• Analyze regulatory changes and enforcement actions to assess their impact on control and operating functions, and participate in efforts to ensure the business can comply with applicable rules and requirements
• Support the development, analysis, drafting, and implementation of related policies, procedures, standards, and processes to ensure compliance with applicable regulations and requirements
• Assist the Client Asset Protection Officer with compliance with rules and obligations by conducting a second-line risk assessment of compliance with custody rules and obligations
• Conduct second-line testing and monitoring, including forensic reviews, to monitor compliance with regulations and firm policies
• Liaise internally and externally with auditors and stakeholders on various audit engagements related to custody assets.
• Develop and deliver communication and training

Profile / Your qualification / Your personality

Qualifications and Skills:

A strong candidate will meet some or all of the following criteria:

• At least 3 years of work experience, including experience as a compliance officer or in a risk management or control role
• Detailed knowledge of German and Luxembourg custody rules, legal frameworks, and circulars
• Experience working as a regulator, interacting with regulators, or supporting regulatory audits or inquiries
• Understanding of the broader regulatory reporting environment, including historical regulatory priorities and current supervisory and enforcement activities in EMEA
• Knowledge of operational practices in securities and derivatives markets
• Knowledge of regulations, practices, and market infrastructure in Europe
  

A Strong Candidate Will Possess the Following Skills:

• Clear, concise communication and writing skills; able to communicate effectively at senior levels and with external regulators
• Risk Management: the ability to identify, understand, and articulate risks associated with regulatory reporting and to work with multiple stakeholders to assist in mitigating or escalating those risks
• Able and willing to challenge; comfortable with interpersonal conflict; able to build strong professional rapport with stakeholders while maintaining independence as a risk manager
• Sound judgment, ethics, and integrity
• A quick learner; able to adapt to business and regulatory changes; interested in challenging the status quo and finding new solutions
• Proficient in using technology; able to analyze data sets and summarize findings; comfortable learning new technologies, both as a user and to identify risks
• Team-oriented and supportive of others’ success; comfortable presenting a team’s work to stakeholders
• Well-organized with the ability to manage both long-term projects and daily, often time-sensitive, escalations

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Location

Taunusanlage 9-10, DE-60329 Frankfurt am Main