Commodities Compliance Lead - Greater London, United Kingdom - Black Swan Group

Description

Job Description

We are currently seeking a highly skilled and motivated Commodities Compliance Officer to join a leading physical broker based in London. This role offers an exciting opportunity to work in a dynamic and fast-paced environment, ensuring compliance with regulations and internal policies across all commodities products. The successful candidate will play a vital role in maintaining the company's commitment to ethical and compliant business practices.

Responsibilities:

1. Develop and implement compliance policies and procedures specifically tailored to the physical commodities brokerage industry.
2. Monitor and assess the effectiveness of existing compliance programs, identifying areas for improvement and recommending necessary changes.
3. Stay up to date with relevant regulatory requirements and industry best practices related to commodities trading.
4. Conduct regular compliance risk assessments and provide recommendations to senior management.
5. Collaborate with internal teams, including traders, operations, and legal, to ensure compliance with relevant regulations and policies.
6. Provide training and guidance to employees on compliance matters, including regulatory requirements, internal policies, and potential risks.
7. Perform compliance reviews and audits to identify potential violations or gaps in compliance processes.
8. Investigate and respond to compliance-related incidents, including conducting internal investigations and reporting findings to senior management.
9. Keep abreast of market developments and changes in regulations that may impact the commodities brokerage business.
10. Build and maintain strong relationships with regulatory bodies and industry associations to stay informed of regulatory changes and participate in industry discussions.

Qualifications and Requirements:

1. Previous experience in commodities compliance within a physical brokerage environment is essential.
2. In-depth knowledge of regulations governing commodities trading, such as MAR (Market Abuse Regulation), MiFID II (Markets in Financial Instruments Directive II), and EMIR (European Market Infrastructure Regulation).
3. Familiarity with physical commodities products, including but not limited to energy, metals, agriculture, and soft commodities.
4. Strong understanding of compliance frameworks and risk management principles.
5. Effective communication skills, both written and verbal, with the ability to interact confidently and professionally with individuals at all levels of the organization.
6. Ability to handle sensitive and confidential information with the utmost discretion and integrity.