APAC Head of Compliance Practices
Posted Oct 14, 2022 - Requisition No. 110296
Bloomberg’s Legal 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 of 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. We also recognize the value of diversity and inclusion and the importance of giving back to our communities as evidenced by our award-winning pro bono program.
The global Compliance team within Bloomberg’s Legal Department provides coverage of Bloomberg's regulated entities and products, including support for Bloomberg's non-regulated products and services. We work to address regulatory issues, ensure compliance with current/developing rules and regulations, and correspond with regulators. We are currently looking for an experienced person in Hong Kong to work with our APAC stakeholders.
What's The Role?
As the APAC Head of Compliance Practices, you will work with the global Compliance team, and key Legal, Risk, and Business colleagues, in delivering seven related programs: Regulatory Inquiry and Exam Management, Compliance Risk Assessment, Compliance Monitoring & Testing, Compliance Training, Policy Management, Regulatory Change monitoring, and Issue Management. Regulatory Inquiry and Exam Management in APAC will be the primary focus of this role. You and the Global Head of Compliance Practices will be responsible for centralizing, enhancing and globalizing Compliance Practices disciplines, in a manner that builds on the work done by the current Compliance subject matter experts in each country and region. You will lead and contribute to a team dedicated to overseeing and conducting these programs across Bloomberg’s businesses. In addition, as your understanding of Bloomberg products develops, you must have the ability to identify, and escalate top and emerging risks to Senior Management and Compliance Management.
We'll Trust You To:
Support the Global Head of Compliance Practices, the Global Chief Compliance Officer, each of the Regional Chief Compliance officers, and Bloomberg’s business by:
- Being a global thought-leader and team player on the subject of Compliance Practices;
- Leading the Regulatory Inquiry and Exam Management program in APAC by coordinating the response process to regulators, ensuring the right stakeholders are included and responses are carefully developed and reviewed by appropriate management before being sent to regulators;
- Working with the Training lead to build on our standards around Training development, including globalizing the Compliance-training development and dissemination process. You will be assisting with the APAC Compliance Training program;
- Enhancing the protocol for regulatory change management monitoring and tracking. You will be leading the APAC Regulatory Change Management monitoring program;
- Enhancing standards around Compliance Risk Assessment, and coordinating or conducting relevant Risk Assessments in APAC, in collaboration with Risk colleagues;
- Strengthening Compliance Monitoring & Testing, and coordinating or conducting relevant monitoring and testing routines in APAC on a risk-focused basis;
- Enhancing standards around Compliance Policy management, including the form, accessibility, and content of our Compliance Policies in APAC;
- Developing our protocol for Compliance issue management, including metrics for Compliance management, and relevant KRIs/KPIs;
- Presenting directly to senior management on the above programs; and
- Managing ad hoc assignments as directed by the Global Head of Compliance Practices and APAC Chief Compliance Officer.
You’ll Need To Have:
- Minimum 12+ years of experience in Compliance, Legal, and/or Risk Management
- Substantial Expertise in Compliance practices, including Compliance Risk Assessment, Compliance Monitoring & Testing, Compliance Training, Policy Management, Regulatory Change monitoring, and/or Issue Management
- Understanding of regulatory risk management, internal controls, and root cause analysis
- Strong verbal and written communication skills.
- Ability to work in a dynamic environment, building and maintaining a network of contacts, and coordinating with several partners across our company
- Enthusiastic, self-motivated, and effective under pressure
- The ability to work creatively and efficiently, to assist with building a program that’s deeply practical, risk-focused, and conscious of business and control partners’ needs
- Strong team player skills in order to guide organizational change and collaborate with key partners across various levels
We'd love to see:
- Experience interacting directly with regulators
- International experience, especially in United States, Asia, U.K or the E.U.
- J.D., or other advanced degree
- Experience with operational risk management
- Familiarity with financial markets and products including trading platform and operations
If This Sounds Like You:
Apply if you think we're a good match. We'll get in touch to let you know what the next steps are, but in the meantime feel free to have a look at this:
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