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Compliance Counsel and BMR Compliance

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MSCI Inc.

5d ago

  • Job
    Full-time
    Senior Level
  • Legal
  • London

AI generated summary

  • You need 8+ years in compliance at a top firm, a law degree, BMR knowledge, strong communication skills, and a proactive, organized approach to work in a fast-paced environment.
  • You will analyze legal compliance, maintain benchmark programs, review methodologies, conduct audits, draft policies, investigate breaches, deliver training, and monitor jurisdictional requirements.

Requirements

  • At least eight years of compliance experience at a top financial services institution or law firm
  • Law degree from an accredited law school or university
  • Experience with implementation of new regulations, regulatory exams and enforcement actions, dealing with financial services regulators
  • Strong working knowledge of regulatory frameworks and change management for the financial industry in the EU and UK, particularly BMR
  • Desire to learn new regulatory frameworks and interest in regulatory change
  • Proactive initiative in quickly learning the business and coming up to speed in new areas
  • Ability to work effectively across borders and regions
  • Positive, execution-oriented outlook, willingness to pitch in as needed
  • Organized self-starter who spots issues, sets and meets deadlines and acts independently in a fast-paced environment
  • Ability to analyze legal and business risks to help develop business-oriented, compliant solutions
  • Strong English oral and written communication skills
  • Builds relationships and trust with clients and colleagues
  • Very comfortable using technology, online systems, and databases
  • Interest in innovation
  • Preferred:
  • Experience in an English-speaking country
  • Familiarity with EU Benchmark Regulations and other financial services regulations
  • Familiarity with matrix and corporate culture of a global financial institution

Responsibilities

  • Conduct legal analysis and advise the business with respect to the EU and UK BMR, IOSCO, other compliance areas described above, as well as new compliance and regulatory developments
  • Maintain a comprehensive and visible benchmark compliance program encompassing applicable regulatory regimes, industry best practice and business considerations and realities
  • Review process for, and conduct reviews of, index methodologies, policies and procedures for compliance with the BMR and other applicable regulatory requirements
  • Perform Compliance functions such as oversight of personal trading, email review, monitoring and maintaining of restricted lists
  • Draft and maintain various U.S. and global regulatory policies and statements of compliance (such as the UK Modern Slavery Act and UK Criminal Finance Act, MiFID II, MAR, BMR), including the creation of brochure disclosure documents and responses to due diligence questionnaires
  • Conduct internal investigations of potential breaches of Compliance policies
  • Deliver trainings and presentations regarding the firm's Compliance program
  • Monitor and evaluate compliance with jurisdictional requirements
  • Help ensure compliance with international sanctions programs

FAQs

What qualifications are required for the Compliance Counsel and BMR Compliance position?

A law degree from an accredited law school or university and at least eight years of compliance experience at a top financial services institution or law firm are required.

What specific compliance areas will the role focus on?

The role will focus on compliance with the EU and UK Benchmarks Regulations (BMR), IOSCO Principles for Financial Benchmarks, general corporate compliance, employee trading, anti-bribery and anti-money laundering compliance, and other relevant areas to MSCI's business.

Where is the job located?

The Compliance Counsel and BMR Compliance position is based in London, U.K.

Who does the role report to?

This role reports to the Global Head of Compliance in New York.

What are some key responsibilities of the position?

Key responsibilities include conducting legal analysis, maintaining a benchmark compliance program, reviewing index methodologies, performing compliance functions, drafting regulatory policies, conducting internal investigations, and delivering compliance training.

Is experience with the EU and UK Benchmark Regulations necessary?

Yes, a strong working knowledge of regulatory frameworks and change management for the financial industry in the EU and UK, particularly BMR, is essential.

What type of work environment can one expect?

The work environment is fast-paced and collegial, created through a strong culture of teamwork and close working relationships across different levels of management.

What kind of development opportunities are offered?

MSCI offers learning and development opportunities guided by managers, including access to platforms like LinkedIn Learning Pro and the proprietary Learning@MSCI platform to customize learning journeys.

What benefits are included with the position?

The role includes core benefits such as private medical and dental insurance, life assurance, and a group personal pension plan, along with additional benefits like cycle scheme and personal travel insurance.

What does the recruitment process entail?

The recruitment process includes applying online, talking to a recruiter, interviewing with the team, and making a decision based on the offer discussed.

MSCI Inc.

Finance
Industry
1001-5000
Employees

Mission & Purpose

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.