Monitoring and Testing Compliance Officer - 12 months Fixed Term Contract

NA1

Our team is seeking a Compliance Manager to join the Global Compliance Monitoring & Testing team to execute T. Rowe Price’s EMEA Compliance monitoring and testing program. You will be responsible for performing monitoring and testing to demonstrate compliance with applicable laws and regulations. This will involve partnering with Compliance members, consulting with other assurance functions and business partners to identify compliance risks and proactively evaluate compliance controls. The ideal candidate will possess and demonstrate knowledge and experience with the regulations and multiple disciplines involved in the operations of an investment management firm. This is a great opportunity for you to be an integral part of a global team, apply your compliance knowledge to help mitigate compliance risk and have a positive impact on the department and an expanding business.

Principal Responsibilities

Undertaking monitoring and surveillance in line with the Global Compliance Monitoring and Testing Programme.  This includes but is not limited to:

• Performing comprehensive monitoring and testing of processes to ensure that regulatory requirements applicable to TRPIL and its’ subsidiaries are being satisfied, including in areas such as market abuse, best execution, ESG, CASS and Marketing Materials.

• Performing thematic reviews based on key regulatory issues or best practice in the industry.

• Ensuring investigation and resolution of identified issues are closed out in a timely manner.

• Monitoring of unresolved issues as appropriate.

• Escalation of significant issues and reporting summary findings to EMEA Compliance Advisory and EMEA CCO.

• Identify and offer recommendations resulting from testing and collaborate with business partners to assist in developing remediation plans to ensure the areas of concern are addressed in a timely manner.

• Document test work and draft reports describing testing performed and results.

• Track the status of outstanding findings and work with business partners to obtain updates, ensure due dates are met, and confirm remediation.

• Build and maintain strong relationships with business partners and Compliance leaders, to maintain engagement and to assist in escalating significant compliance testing matters that require attention or action.

• Assist in preparing management reports on EMEA Compliance’s monitoring and testing activities.

• Maintain and develop knowledge of current and upcoming regulations, to ensure that monitoring and testing activities remain relevant.

Responsible for assisting in advancing the EMEA Compliance Monitoring and Testing Programme in support of Global Compliance Monitoring and Testing Frameworks.  This includes but is not limited to:

• Conduct ongoing reviews and development of risk-based thematic and monitoring reviews to ensure they cover all regulators and regulations relevant to the firm’s business and to improve and develop the methodologies.

• Collaboration with Global Compliance, Internal Audit and Enterprise Risk sharing ideas in order to develop, where appropriate, testing consistency or to coordinate testing activities.

• Apply data analytic techniques to perform monitoring and testing to increase scale and depth of analysis, create impactful visualisations, and explore potential data relationships.

• Participate in the development of requirements and assist in implementation of automated tools to innovate and enrich compliance monitoring and testing activities for Global Compliance.

• Identify opportunities to scale and promote efficiencies and consistency in monitoring and testing activities across regions.

Qualifications & Skills

Required:

• Undergraduate Degree or equivalent

• Prior compliance monitoring and testing or audit experience

• Extensive working knowledge of compliance within the asset management industry

• Knowledge of FCA regulatory framework

• Strong verbal and written communication skills; presents ideas clearly, concisely, and persuasively, tailoring message and delivery to different audiences, including ability to present complex concepts into understandable and actionable points

• Team player with excellent interpersonal skills who is able to build working relationships and influence a diverse group of internal and external contacts

• Uses a variety of resources, best practices, and proven tools to generate innovative ideas to improve processes

• Accountable for work of self and sometimes others, provides process and standards advice

• Strong organization and prioritisation skills while executing multiple priorities simultaneously, accurately, and timely

• Solid attention to detail, strong problem solving, analytical, organization, coordination, and creative and critical thinking skills

• Project management capabilities

Preferred:

• Familiarity with the regulatory and legal requirements of the other jurisdictions (Luxemburg, Hong Kong, Japan and Singapore)

• Good product knowledge – UCITS products, SICAV, OEIC and separate account services.

This role is eligible for hybrid work, with up to one day a week from home. 

About Us

T. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on–now, and over the long term.