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Do Not Be Influenced by Others’ Negative Opinions of You
In-House
Attorney
Finance - Banking
Litigation - Whistleblower - CFTC
5-7 yrs required
Country Compliance Officer 1 Duties: Act as Country Compliance Officer and as the local representative for local compliance related matters including attendance to relevant meetings BRCC/CCC, ALCO, PRRC, LEC, LRRC. Act as contact point with the Dutch (banking) regulators and deal with all regulatory requests and communication. Giving compliance support to other bank’s locations within EMEA where applicable (markets, private bank, consumer bank). Act as Data Protection Officer. Assist the Belgium Compliance team in ensuring staff adherence to the policies: administer and monitor the Employee Trading Policy, Gift Policy, Outside of Business Interest Policies, two weeks policy. Timely Communication of new and existing policies/procedures to the Branch, including forwarding electronically all policies/procedures to all employees as required by local and corporate rules and regulations, ensuring proper tracking by sending reminders, collecting all acknowledgment forms if required, maintaining acknowledgement forms database for auditors, filing and MIS reporting. Monitor and track compliance with bank’s Sanctions Screening Policy including local regulatory sanctions requirements. Act as contact for the local authorities on unusual transaction filings and AML related matters. Advise on outsourcing and data protection Management and engagement of external counsel to deliver advice on legal matters in relation to the Netherlands. Counsel on Dutch law aspects of Products offered. Identify and advise on new laws and regulations and case law relevant to bank’s Products. Advise on aspects of company law relevant to bank’s Dutch entities and support Finance in its management of these legal vehicles. Monitor and opine on EU Regulations and their local implementation as they impact products offered by the bank in the Netherlands. Identify franchise risk and provide support to the CCO. Supervise local Dutch external counsels in respect of any negotiations with Dutch clients outsourced to them. Provide governance and regulatory advice for the coming months in relation to the Dutch depositary legal vehicle, including liaising with the local regulators. Stay on top of regulatory developments around EMIR, MIFID II, AIFM directive, depositary bank activities and services to funds/pension funds. Provide support to the franchise and the whole group as Netherlands country compliance officer. Attend local Franchise Governance Committees including BRCC and CCC. Coordinate and support to ensure that control framework initiatives such as RCM and MCA are properly conducted. Review new products. Identify new Dutch regulation having an impact on bank and staying informed on EU regulatory developments. Assist the Belgian Compliance team by informing them on Dutch aspects and support where physical presence is required. Act as Compliance contact for local authorities and regulators. Execute the Dutch Compliance Plan. Perform Annual Compliance Risk Assessments. Escalate identified issues/events and regulatory requests to CCO and Compliance Cluster Head. Legal Advice: Key areas on which advice will be required across the bank’s Amsterdam site are: Data Protection, Anti-Money Laundering, Outsourcing, securities law (local and EU), banking law, governance, regulation e.g. relevant to Depo Bank Activities, AIFMD, UCITs, MIFID II, EMIR, and local laws governing fund formation, distribution and regulation and the sale of complex financial instrument. Manage relationships with local law firms, including cost control and leveraging the relationships generally to the bank’s advantage. Work on projects in partnership with Product counsel and the business. Engage and escalate to Cluster Head of Legal and/or the CCO as appropriate to ensure correct and accurate reporting at all time. Ensure legal implications and risks are effectively communicated to, and understood by, relevant parties and business areas. Ensure any matters arising from legal issues are managed and mitigated promptly, with remedial action initiated in line with the materiality of the risk or issue. Brief line and matrix manager (Legal & Compliance), the Head of Investor Services and DCC as well as local management on any core issues arising in business areas or relevant changes in legislation, regulation or case law.
Qualification and Experience
Requirements: Master of Laws is required. Have 5-7 years of experience PQE in most / all of the areas referenced above. Have spent the majority of PQE in a bank or a law firm. Have advised large corporations on the majority or all of the areas referenced above. Fluent in English and Dutch. Strong compliance background. Good understanding of banks and their products.
Ref: 15016231.
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