Global Regulatory Exams and Inquiries Lead - Legal & Compliance
Location: London, United Kingdom
Type: Full Time
Internal Number: 20271403
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What's the role? Bloomberg's Risk and Compliance Departments play 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 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 Chief Risk Office and Global Compliance team provide coverage of Bloomberg's regulated entities and products, including support for Bloomberg's non-regulated products and services. We work to address regulatory and operational issues, ensure compliance with current/developing rules and regulations, and correspond with regulators. We are currently looking for an experienced person to work with our Risk and Compliance Shared Services team.
As the Global Exam Management and Regulatory Inquiries Lead, you will work with the Chief Risk Office and Global Compliance team, and other key business stakeholders. The Company's subsidiaries include registered U.S. Broker Dealers, Swap Execution Facilities, Canadian ATS, U.K. and EU Multilateral Trading Facilities, and various APAC regulated entities, among others. Your expertise will be instrumental in leading and overseeing responses to regulatory examinations and inquiries by the U.S. SEC and CFTC, UK FCA, Netherlands AFM, Singapore MAS, and other regulators globally to ensure a successful outcome for Bloomberg and its regulated entities, working with the Compliance and Risk advisory officers supporting impacted businesses (as well as Product, ENG, Sales, Finance and other partners). You will be expected to identify and escalate areas of focus and themes of the Company's regulatory inquiries through reporting to Senior Management.
We'll trust you to:
Directly lead significant regulatory examinations and inquiries, and oversee and coordinate all such activity, managing all aspects of the examination process, including but not limited to, engagement strategy, pre-engagement readiness, on-site reviews, post-engagement closure and lessons learned exercises
Coordinate the collection and review of relevant documents and information requested
Partner with subject matter experts to draft responses to regulatory examinations and inquiries, ensuring a consistent, complete, accurate, and evidence-based narrative
Prepare senior managers and subject matter experts for interviews and meetings with regulatory examiners
Collaborate with teams across Bloomberg, including legal, finance, risk, engineering, and the business to ensure alignment and consistency in regulatory responses.
Contribute to risk assessment and testing programs to help assess potential regulatory risks and develop strategies to mitigate them
Proactively monitor dynamic regulatory environment to anticipate impact on Bloomberg and its regulated entities and implement lessons learned strategies
Support the Head of Risk and Compliance Shared Services by:
Being a global thought-leader and team player on Exam Management best practices (including exam management resources, strategy, and management reporting)
Strengthening the Company's regulatory exam and inquiries framework
Presenting directly to senior management on status and substantive issues raised by regulatory exams and inquiries
Managing ad hoc assignments as directed by management
You'll need to have:
Bachelor's degree in Finance, Law, Business or related field; Masters or JD preferred
Minimum 7+* years of experience in Compliance, Legal, and/or Risk Management, preferably at a banking or a financial services organization or at a financial services regulator
Substantial expertise in successful managing Regulatory Exams and Inquiries globally across various regulatory regimes
Understanding of risk management, internal controls, root cause analysis, financial products, and services
Proven project management and stakeholder management skills
Very strong verbal and written communication skills
Ability to work in a dynamic environment, building and maintaining a network of contacts, and coordinating simultaneously with many 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
*Please note we use years of experience as a guide but we certainly will consider applications from all candidates who are able to demonstrate the skills necessary for the role.
We'd love to see:
Experience interacting directly with global regulators
International experience, especially in Europe or Asia
Experience working at one or more financial services regulators
Familiarity with financial markets and products including trading platform and operations
Does this sound 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 committed to diversity. It drives our innovation. At Bloomberg, you'll have the opportunity to go above and beyond and to take risks. You'll be a part of an organisation that is entering new markets, launching new ventures, and pushing boundaries. Our ever-expanding array of technology, data, news, and media services champions innovation and empowers clients -- and offers nearly limitless opportunities for career growth.
Bloomberg is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of age, ancestry, colour, gender identity or expression, genetic predisposition or carrier status, marital status, national or ethnic origin, race, religion or belief, sex, sexual orientation, sexual and other reproductive health decisions, parental or caring status, physical or mental disability, pregnancy or parental leave, protected veteran status, status as a victim of domestic violence, or any other classification protected by applicable law.
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