Local Compliance Officer - Madrid - Lombard Odier

Descripción

A career at Lombard Odier means working for a renowned global wealth and asset manager, with a strong focus on sustainable investing.

An innovative bank of choice for private and institutional clients, our independently owned Firm is one of the best-capitalised banking groups in the world, managing close to CHF 300 billion and operating from over 25 offices across 4 continents.

Aumente sus posibilidades de llegar a la fase de entrevista leyendo la descripción completa del puesto y enviando su solicitud sin demora.

With a history spanning over 225 years, Lombard Odier is an investment house providing a comprehensive offering of discretionary and advisory portfolio management, wealth services and custody.

We also offer asset management services and investment strategies through Lombard Odier Investment Managers and provide advanced banking technology to other financial institutions.

"Rethink Everything" is our philosophy – it is at the heart of everything we do. We have grown stronger through more than 40 financial crises by rethinking the world around us to provide a fresh investment perspective for our clients.
LOCAL COMPLIANCE OFFICER (7-month contract)

Reporting to the Chief Compliance Officer Europe, you will be responsible for the operational effectiveness of the Compliance Function of our local branch as regards AML/CFT, Investor Protection and Conduct matters (MiFID2) ensuring adequate functioning of the local compliance function, proactive management of compliance risks and their timely escalation, as well as complete and accurate reporting to the relevant authorities.

In your role, you will also work closely with the Compliance Function based at our European headquarters in Luxembourg as well as our Group headquarters in Switzerland, participating in Group and/or Luxembourg-led initiatives (regulatory or strategic projects, group-all training initiatives, deployment of tools and best practices), sharing expertise and providing local know-how.

YOUR ROLE:

Manage AML/CFT compliance and financial crime risk consistently to ensure that risks and vulnerabilities are identified, controlled and reported in an effective, timely and uniform manner Advise and provide support to the business on the appropriate standards for compliance with the applicable AML/CFT laws, rules, and regulations, including providing training to the local Staff as well as supporting the overall LOESA Compliance organization in the development of the bank's AML/CFT training program Be responsible for the local Due Diligence Committee (DDC) to accept the onboarding of clients, escalating to the European DDC the clients classified as PEP or High Risk.

Implement and update internal AML/CFT policies and procedures in accordance with local requirements and with LOESA and Lombard Odier Group policies.

Being the key advisor to local Staff on the application of regulatory requirements aimed at ensuring investor protection and impeccable conduct (e.g., MiFID2 rules and internal policies and procedures on the provision of investment services such as suitability, inducements, product governance and distribution).

To this end, cooperate with the Front Office in a timely manner in order to adhere to both regulatory and policy requirements and manage compliance risk while considering the business objectives.

Ensure the identification and adequate management of conflicts of interest relevant to the local Branch's activities and its Staff, logging any issues in the conflicts' register and promptly escalating any risk events to the Chief Compliance Officer.

Within this context, you will also support the Luxembourg headquarters in evolving and improving the existing conflicts of interest and personal account dealing framework.

Keep regularly updated on local and European regulatory developments as well as on the respective regulator's and industry practices so as to better assess potential compliance risks and needs, and adequately advise senior management.

In this context, work closely with the Luxembourg headquarters and escalate potential regulatory developments that may impact LOESA's current AML/CTF and/or investment services frameworks (e.g., client on-boarding, risk scoring, and monitoring; suitability & appropriateness, product distribution, product governance, client information...).

Where relevant, you may actively participate in such initiatives to embed your expertise and ensure local regulatory requirements are taken into consideration.

Ensure adherence to and strong monitoring of all compliance related regulatory requirements and developments applicable to the local Branch, and including regulations in the EU

Ensure timely, complete and accurate reporting of significant control and compliance issues to top management, as well as to the relevant local regulatory authorities.

Provide the necessary support to Audit and Risk control functions, ensuring effective and timely implementation of audit issues, keeping orderly audit trail

Promote the highest ethical standards required of staff and to ensure staff meet the requirements of the Compliance Manual and the relevant regulatory rules.

YOUR PROFILE:
Minimum of 4 years of relevant compliance experience on AML/CFT/MiFID2 compliance activities with a thorough understanding of the EU and local regulatory environment and regulator's expectations
Strong skills in the financial services industry, with a good understanding of Private Banking business
Good knowledge and experience using AML/CFT screening tools and of the Microsoft office package
Strong interpersonal, communication, and presentation skills.
Analytical and organized mindset, results oriented, and problem-solving skills. Possess excellent attention to detail
Bachelor's degree (or equivalent) required or evidence of comparable academic / work achievement
Fluent in English. Another European language like French would be an advantage.
Our Maison's DNA is defined by five core values. Excellence drives us to be the best at what we do, while Innovation fuels our progress. Respect underpins every interaction, and Integrity shapes our actions. Together, we are One Team, united in serving our clients with unwavering dedication.
As a responsible and supportive employer, we promote a diverse and inclusive work environment for our employees and candidates.

Diversity, Equity and Inclusion are woven into the fabric of our Maison's DNA, and we strive to ensure that our employees can fulfill both their personal and professional aspirations by encouraging internal mobility and individual upskilling programs.

We firmly believe that building Diverse Teams contributes to our successes and to deliver on this, we actively embed Diversity, Equity and Inclusion in our business strategy.

It is an exciting time to join our Teams. xugodme All applications will be handled in the strictest confidence.