Finance and Economics Legal Management & Business Others Other Science and Tech
3 - 5 Years
Compliance PAD Officer
Are you interested in or have knowledge of the world of Investment Banking and Corporate Finance? Do you have experience in or are you interested in a career in Compliance and Risk Management? The role of Personal Account Dealing Officer may just be what you are looking for.
The Global Personal Account Dealing (PAD) Office is placed within the Compliance department and is a key function with a mandate to ensure that transactions in financial instruments executed by ABN AMRO staff for their personal investment accounts are conducted in compliance with applicable laws and regulations relating to Market Abuse and that conflicts of interest related to transactions in financial instruments are avoided or managed appropriately. The function is also responsible for the provision of advice, implementation of policies and/or controls, development/provision of training and oversight of operational processes relating to Personal Account Dealing.
The Global Control Room is another function within the ABN AMRO Compliance department that acts as a central clearing house for deal-related Conflicts of Interest within and across the various business lines of the bank globally, in order to mitigate regulatory and reputational risks. The Global Control Room also assists the business in managing the flow of Inside Information and preserving the integrity of the Bank’s information barriers and Chinese Wall.
Since both functions are very much related, PAD Officer will as part of the role also perform Control Room duties when this is deemed necessary.
In this role you will:
Monitor PAD transactions of staff members to ensure all trades are pre-approved and in accordance with the PAD policy.
Work on projects and initiatives to further expand the scope and reach of PAD Office.
Track and investigate PAD violations and follow up with Business Compliance, Management and Labour Affairs.
Work closely with internal control functions such as e.g. Compliance Monitoring, Audit.
Work closely with IT development functions to ensure PAD monitoring systems are up-to-date and well optimised.
Track and review all disclosed account statements.
Review deals that are reported to the Global Control Room to identify any potential conflicts with other deals or activities of the bank.
Escalate any identified (potential) conflicts of interest to senior management for their review and clearance.
Administer crossings of the Chinese Wall by ‘Public Side’ employees to participate in a ‘Private Side’ client deal or pitch. Follow up with deal team captains on the progression of a deal, to ensure the appropriate Compliance procedures are followed at the right moment.
Train and guide the business on the personal account dealing aspects, management of conflicts of interest and market abuse risks and the role of the Global Control Room and PAD Office.
The Global PAD Office and Global Control Room are part of the Compliance team that supports the bank’s Corporate & Institutional Banking (CIB) business. The CIB Compliance team is a team of approx. 20 professionals with a variety of backgrounds, skillsets and nationalities, that provides guidance and advice on the full range of Compliance topics and monitors the business’ adherence to the regulatory and policy requirements. The team works closely with other teams within the wider Compliance department, including the local Compliance teams in each of the countries where the bank is present.
While organisationally part of the CIB Compliance team, the scope of the Global PAD Office and Global Control Room goes beyond CIB and also touches on the other business lines of the bank.
ABN AMRO’s Compliance department has a common goal: helping to build the trust of our clients, society and ABN AMRO staff, and therefore of our regulators and other stakeholders. It is our attitude, skills and knowledge which are key in reaching our goal to contribute to trust in ABN AMRO.
Creating space for dreams and ambitions. Driven by passion, guided by expertise. That is the starting point in all that we think and do. This begins with a shared mind-set. Our compliance experts understand our business, products and clients and add value through a good relationship with all stakeholders. A continuous changing environment demands agility of our compliance experts: proactive adaptations, learning and improving. We operate independently and decisively, act as a sparring partner and are focused on solutions.
You have excellent verbal and written communication skills and have the ability to interact with a range of stakeholders. You are able to support decisions with sound reasoning, identify regulatory risks and clearly articulate business and regulatory implications of analysis and findings. You work in a methodical manner and you are able to clearly set priorities.
You enjoy working as part of a team and are good at working with others. You are diligent, have attention to detail and take pride in your work. Continuous improvement is second nature to you. You don’t wait to be told what to do, you pro-actively look for where you can contribute to improve.
You have at least 2 years work experience in a Financial Institution, preferably either in compliance, private banking or in a corporate and investment banking role.
You have at least a basic understanding of financial instruments traded on trading venues, including funds and derivatives.
You have at least a basic understanding of relevant laws and regulations, such as the Wet Financieel Toezicht (Wft), Market Abuse Regulations (MAD/MAR) and the Markets in Financial Instruments Directive (MiFID II).
Excellent organizational skills with attention to detail, the ability to take ownership of issues and deliver to deadlines in line with expectations.
You have a higher education degree in Business, Economics, Law or other relevant field.
You are fluent in English, Dutch is an advantage.
We are offering
Within ABN AMRO Compliance we invest in such a manner that everyone is able to demonstrate strong personal leadership skills. We accept that we have a formal hierarchical structure whilst simultaneously adopting an informal way of working that focuses on expertise and cooperation. We invest in expertise by offering training sessions and “on the job” coaching. By 'expertise', we mean both professional compliance-based knowledge and the skills needed to apply that knowledge effectively.
This role comes with a market-competitive salary package, complemented with all the secondary benefits that a leading employer such as ABN AMRO has to offer.
If you are interested and believe you match the profile, please send us your CV. For questions, please contact Tomasz Kluczek (firstname.lastname@example.org) for questions about the role or Arjan Zwaan (email@example.com) for questions about the application procedure.