Compliance - Compliance Officer - Indices/ Benchmark Administration - Bloomberg : Job Details

Location: New York

Business Area: Legal, Compliance, and Risk

Ref #: 10044966

Bloomberg's Legal and Compliance 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. Diversity and inclusion are essential to our success, and we strive to maintain an environment where our employees are empowered to make an impact. We also recognize the value and importance of giving back to our communities, as evidenced by our award-winning pro bono program!

We are looking for a person with indices and benchmarks experience to join the global Index Compliance team in New York in support of Bloomberg's Index business, which offers financial benchmarks and strategy indices.

What's the Role?

Within the AMER Compliance function you will work as part of the global Index Compliance team providing support to Bloomberg's global Index business, which offers financial benchmarks and strategy indices. The role will focus on coverage of Bloomberg Index Services Limited ( BISL ), which offers products globally, and is authorized by the UK FCA as a benchmark administrator under the UK Benchmark Regulation ( BMR ). The ideal candidate will have regulatory as well as product knowledge and experience with indices, financial benchmarks and/or products within the financial markets; be familiar with relevant FCA and European regulatory requirements as well as IOSCO principles; and be able to implement regulatory compliance policies, governance and controls. Strong communication and interpersonal skills are essential, together with the ability to work as part of a team, with a real drive to add value to the firm.

We'll trust you to:

• Act as the second line of defence in a dynamic, forward thinking business
• Collaborate with index business and provide advisory compliance services
• Provide guidance on and implement controls relating to regulatory requirements and expectations for financial benchmarks and indices
• Draft responses to regulatory enquiries and contribute towards managing regulatory relationships
• Partner with Legal and keep abreast of regulatory changes in relevant markets and their potential impact on the product and business
• Draft, update and review compliance policies in line with regulatory requirements
• Prepare reports for regulatory bodies and internal management
• Manage complex initiatives/projects involving several stakeholders across the organization
• Develop and streamline new and existing compliance processes
• Plan, prepare and conduct training for business stakeholders
• Provide second-line review of benchmark methodologies, disclosures and marketing content
• Oversee SMCR implementation and controls including maintaining the register, annual fitness & propriety checks, and advising on conduct rule breach determinations
• Work alongside the global lead and compliance team to increase the profile of the compliance function within the business

You'll need to have:

• Familiarity with the financial markets and UK and EU index-related regulatory developments, particularly the BMR, as well as IOSCO principles, and US regulatory index expectations
• Working knowledge of indices and financial benchmarks
• Strong communication and interpersonal skills
• The ability to advise on regulatory changes and developments
• Experience in drafting policies, procedures, and manuals, along with preparing reports for regulatory bodies and internal management
• An analytical mind, the ability to solve complex problems and streamline processes
• A Bachelor's Degree

We'd love to see:

• Industry experience in a Compliance role covering indices and/or benchmarks
• A desire to be part of a team in a dynamic and fast-paced organisation
• Working knowledge of product or index production processes
• A track record of working with and advising senior business people on compliance matters
• Experience of identifying and managing risk, including risk framework and issue management

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.

Bloomberg is an equal opportunities employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.