Bank Chief Compliance Officer

Bank Chief Compliance Officer

Euroclear

Belgium

You will be the EB Chief Compliance Officer (CCO), with a direct reporting to both the EB Chair of the Audit Committee and the EB Chief Executive Officer (CEO) and a functional reporting line to the Group CCO. You will play a pivotal role to ensure EB’s compliance with its applicable laws, regulations and regulatory standards; and supervise the outsourcing services provided by Euroclear SA/NV to achieve these objectives.

Your role

In line with Circular NBB_2012_14, the compliance function is responsible for:

• Monitoring and interpreting (new) laws and regulations as well as compliance-related impacts of business changes;
• Identification and assessment of the compliance inherent and residual risk (compliance risk assessment);
• Advising and drafting policies and guidelines to Senior Management and Staff on the concrete application of the laws, regulations, standards and codes which fall within its assignment;
• Supervision, testing (monitoring) and drawing up of recommendations and management reporting on the compliance risk run by the institution;
• Providing adequate trainings and awareness campaigns following a risk-based plan to ensure the Board, Senior Management and Staff have an appropriate level of awareness of Compliance Risks and that a culture of Compliance and Ethics is promoted;
• Drawing up a written action plan which describes in a sufficiently detailed manner the nature and frequency of the assignments to be performed by the compliance function within a certain period of time (one or several years).

As EB CCO, you will be accountable for ensuring the adequate end-to-end functioning of the Euroclear Bank compliance function:

• developing, operating and maintaining a high quality compliance & ethics program;
• understanding and meeting the expectations of the regulator;
• further improving compliance & ethics culture and awareness;
• convincing and advising business owners about the implementation of their own compliance & ethics controls;
• contributing to the execution and maintenance of the compliance, risk-based monitoring and testing program;
• providing reports to the local Senior Management and recommendations for presentation to the regulator and senior governance bodies locally and across the group;
• supporting the implementation of corrective action plans to address control gaps;
• contributing to the group-wide compliance initiatives and projects;
• capturing legal and business evolutions and their impact on the compliance;
• ensuring your team is adequately staffed with sufficient resources having appropriate skills, experience and training to execute their compliance roles;
• maintaining an active and constructive dialogue with Euroclear SA regarding the outsourced compliance services.

Qualifications

The ideal candidate has the following qualifications:

Technical skills:

• You have at least 15 years of experience of working in the financial industry;
• You have at least 10 years of experience of working in a compliance function, or similar;
• You are a Certified Compliance Officer, accredited by the Belgian FSMA;
• You have a very good working knowledge of the domestic legal requirements, circulars or guidelines from domestic and EU regulators;
• You have a good understanding of the compliance and ethics domains which impact Euroclear Bank and Euroclear SA as a service provider to EB;
• You have a good knowledge of the local regulatory reporting environment;
• You are fluent in English and French and/or Dutch.

Soft skills:

• You consistently demonstrate integrity, ethical standards, and always act to protect the reputation of Euroclear Bank and the Euroclear group;
• You are a role model, behaving as you would ask others to behave in creating a culture of compliance and ethics;
• You are proactive and capable of operating autonomously whilst leveraging available support and tools;
• You have an independent mindset, are assertive and can manage challenging internal and external stakeholders;
• You are disciplined and have strong organization skills;
• You can quickly build relationships with stakeholders;
• You are a manager and a coach with a belief in empowering your staff whilst being ready to contribute to the overall delivery of your team;
• You are a person who aims at getting the best of his/her colleagues while dealing with poor performance if need be;
• You contribute to building a top of the class team dynamic and ethical environment by constantly role modelling the tone at the top and corporate values;
• You excel at leading international and remote teams, adapting effectively to diverse cultural contexts;
• You communicate with enthusiasm and passion;
• Travel: Yes, occasionally and also outside Europe.