Key Responsibilities:
Market Abuse & Derivative Trading:
- Monitor and assess compliance with all relevant market abuse regulations (e.g., MAR, Dodd-Frank Act, MiFID II) and ensure trading activities are free from market manipulation.
- Oversee and review all derivative trading activities, ensuring compliance with regulatory requirements and internal policies.
- Provide guidance on legal and regulatory changes affecting derivatives trading, advising senior management on compliance strategies.
Regulatory Risk Assessment:
- Conduct comprehensive regulatory risk assessments and ensure the firm’s trading operations are aligned with local, national, and international regulations.
- Work closely with legal and risk teams to stay up-to-date on changes in trading regulations and compliance obligations.
- Develop and implement internal procedures to mitigate regulatory risk, identifying emerging risks and vulnerabilities.
Counterparty & Vessel Due Diligence:
- Oversee the due diligence process for all counterparties, ensuring compliance with regulatory standards and internal policies.
- Lead the assessment of vessel counterparties and charterers to ensure adherence to compliance protocols and anti-money laundering standards.
- Manage the approval process for new counterparties and monitor ongoing relationships for compliance.
Trade Surveillance & Compliance Monitoring:
- Manage and enhance trade surveillance systems to detect potential irregular trading activities and ensure compliance with market regulations.
- Conduct ongoing surveillance of trading activities, analyzing and investigating suspicious transactions and market behaviors.
- Provide regular reports and analysis to senior management regarding trade monitoring activities.
Anti-Bribery & Anti-Corruption (ABAC):
- Develop and implement policies to prevent bribery and corruption within the organization, ensuring adherence to local and international anti-bribery laws.
- Lead training programs and awareness campaigns to foster a culture of compliance and ethical behavior across the firm.
- Investigate potential ABAC breaches and oversee remedial actions where necessary.
Anti-Money Laundering (AML) & Know Your Customer (KYC):
- Lead the AML and KYC compliance programs, ensuring that all customer onboarding, due diligence, and transaction monitoring processes adhere to regulatory standards.
- Oversee the review of customer identification and verification processes, ensuring compliance with global and local KYC/AML regulations.
- Conduct ongoing risk assessments to identify potential money laundering and terrorist financing risks.
Training and Awareness:
- Conduct regular training sessions for trading teams and staff to ensure awareness and adherence to compliance policies, procedures, and regulatory changes.
- Develop and update compliance training materials to reflect evolving regulatory requirements.
Reporting & Documentation:
- Prepare and submit detailed compliance reports to senior management, regulatory authorities, and auditors as required.
- Maintain accurate records of all compliance-related activities, investigations, and corrective actions taken.