FAQs
What is the primary responsibility of the Head of Compliance & Anti Financial Crime for the European region?
The primary responsibility is the functional and disciplinary management of the Compliance & Anti Financial Crime department for the European region, overseeing the overall Compliance programme for CMC Markets Germany GmbH and its European branches. This includes areas such as Markets and Corporate Compliance, AML Prevention, anti-terrorist financing, embargoes, and financial sanctions.
What kind of regulatory authority does the Head of Compliance & Anti Financial Crime have?
The Head holds unrestricted access and examination rights to all relevant data and information necessary for effectively performing regulatory functions and is generally independent in executing their mandate, including the authority to give instructions to employees and managers.
What key tasks are involved in this role regarding regulatory developments?
Key tasks include reviewing regulatory developments across Europe and Germany, assessing their applicability, and proposing and managing the implementation of solutions in response to those changes.
How does the Head of Compliance & Anti Financial Crime interact with regulators?
The Head is responsible for cultivating strong relationships with regulators, managing interactions and dialogues, responding to regulatory queries, and representing the Compliance & Anti Financial Crime function in various internal and external committees.
What is expected in terms of documentation and policy management?
The role involves ensuring the continued development of documentation, including policies, procedures, and frameworks in alignment with the evolving regulatory environment.
How does the Head of Compliance & Anti Financial Crime contribute to risk management?
The Head provides strong leadership in proactively supporting the risk process within the region, which includes identifying, assessing, treating, reporting, and monitoring risks to promote a robust risk culture.
What type of training is the Head of Compliance & Anti Financial Crime responsible for?
The Head is responsible for designing and delivering bespoke compliance training to staff, focusing on key aspects of the business and current regulatory issues relevant to CMC Markets Germany GmbH.
What competencies are essential for performing the role of Head of Compliance & Anti Financial Crime?
Essential competencies include managing customer service standards, developing people and teams, leadership, decision-making, business acumen, resilience and drive, and effective communication and stakeholder management.
What kind of information and support does the Head provide to management bodies?
The Head is expected to provide sufficient management information to local and Group management bodies regarding compliance and anti-financial crime activities, as well as guidance and support for other members of the Compliance team.
What are the expectations regarding personal and professional development in this role?
The Head is expected to maintain personal and professional development to meet the changing demands of the role, including undertaking all relevant regulatory and legislative training.