Legal and Regulatory Change Management

The role⠀has global⠀coverage⠀and⠀supports⠀the front⠀office⠀Markets⠀Sales,⠀Trading⠀and⠀Research⠀franchises⠀in the⠀measurement,⠀management⠀and⠀reporting⠀of⠀Compliance⠀Risk. This⠀involves⠀the⠀identification⠀of risks⠀and⠀controls⠀which are⠀relevant⠀to⠀statutes,⠀laws,⠀rules and⠀regulations⠀which⠀govern the⠀activities⠀of the⠀Markets⠀businesses,⠀and the⠀subsequent⠀assessment⠀of⠀residual⠀risk.

To⠀facilitate⠀this, you⠀will⠀leverage⠀and expand⠀your own⠀expertise⠀and also⠀engage the⠀with first⠀line⠀colleagues,⠀including⠀the front⠀office,⠀Risk and⠀Compliance⠀in the⠀second⠀line of⠀defense,⠀and key⠀functional⠀partners⠀including⠀Legal,⠀Finance⠀and⠀Operations.⠀The⠀Markets⠀Sales,⠀Trading &⠀Research⠀desks you⠀will⠀support⠀cover a⠀broad⠀range of⠀products⠀including⠀Equities,⠀Commodities⠀and⠀Currencies,⠀Fixed⠀Income,⠀Credit⠀Trading,⠀Munis and⠀Structured⠀Products.

The⠀role is⠀within the⠀Markets⠀Business⠀Controls⠀Management⠀(BCM)⠀department,⠀which⠀manages⠀the⠀non-financial⠀/⠀operational⠀risk of⠀the front⠀office⠀businesses.⠀The⠀broader⠀Markets⠀Legal and⠀Regulatory⠀Change⠀Management⠀team also⠀maintains⠀an⠀inventory⠀of⠀applicable⠀statutes,⠀laws,⠀rules and⠀regulations,⠀and⠀proactively⠀manages⠀the⠀pipeline⠀of⠀regulatory⠀change.

If⠀you have⠀experience⠀in⠀non-financial⠀risk⠀management,⠀controls⠀management,⠀compliance⠀or⠀operational⠀risk for⠀Markets⠀businesses,⠀this could⠀be the⠀role for⠀you.

Job Responsibilities

• Execute⠀the⠀identification⠀of⠀Controls⠀which are⠀relevant⠀to⠀specific⠀statutes /⠀laws /⠀rules /⠀regulations⠀(‘legal⠀obligations’)
• Participate⠀in⠀associated⠀quality⠀reviews⠀and⠀ongoing⠀data⠀hygiene⠀activities
• Support⠀the⠀preparation,⠀interpretation⠀and review⠀of the⠀Compliance⠀Risk⠀Assessments
• Keep⠀the⠀control⠀tagging⠀evergreen⠀as the⠀underlying⠀control⠀framework⠀and⠀population⠀of⠀associated⠀legal⠀obligations⠀evolve
• Develop⠀and deploy⠀subject⠀matter⠀expertise⠀of local⠀business⠀activities,⠀applicability⠀of rules⠀and⠀regulations,⠀and the⠀local⠀legal and⠀regulatory⠀framework
• Represent⠀Markets in⠀working⠀groups and⠀other⠀meetings⠀for⠀specific⠀Compliance⠀Risk⠀framework⠀requirements

Required Qualifications, Capabilities & Skills

• 5+ year⠀career⠀focused on⠀the⠀capital⠀markets⠀regulatory⠀rules⠀issued by⠀the major⠀agencies⠀that cover⠀equities,⠀currencies,⠀commodities,⠀credit,⠀municipal⠀bonds and⠀structured⠀products
• Practical⠀knowledge⠀of trading⠀room⠀operational⠀risk,⠀supervisory⠀preventative⠀and⠀detective⠀controls⠀and⠀end-to-end⠀deal flow⠀from⠀pitching⠀to⠀settlement
• Experience⠀in⠀supporting⠀risk and⠀control⠀identification⠀and⠀implementation
• Analytical⠀thinker⠀who can⠀interpret⠀regulatory⠀rules,⠀form⠀fact-based⠀conclusions⠀and⠀identify⠀new risks⠀to sales⠀and⠀trading⠀activities.⠀Must have⠀the⠀ability to⠀synthesize⠀large⠀volumes of⠀information⠀and draft⠀key⠀messages⠀for senior⠀leaders
• Demonstrate⠀sound⠀judgment,⠀maturity,⠀and poise⠀to⠀influence⠀and⠀collaborate⠀with⠀capital⠀markets⠀personnel
• Energetic,⠀self-motivated,⠀and⠀thrives in⠀the⠀challenge⠀of⠀simultaneous⠀work-streams

Preferred Qualifications, Capabilities, And Skills

• Adept at⠀interpreting⠀legal text⠀as a⠀layperson⠀(note:⠀formal⠀legal⠀qualifications⠀are not⠀required)
• Knowledge⠀of Markets⠀products⠀and⠀businesses