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Privacy Officer

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Schroders

2mo ago

  • Job
    Full-time
    Mid & Senior Level
  • Legal
  • London

AI generated summary

  • You need strong UK data protection knowledge, prioritization skills, in-house experience in finance, advisory background in asset management, and excellent interpersonal and organizational abilities.
  • You will ensure GDPR compliance, support local teams, conduct assessments, manage data protection policies, respond to breaches, and handle data subject inquiries.

Requirements

  • Good understanding of all elements of UK Data Protection laws and regulation (including the DPA, PECR and UK GDPR), in addition to experience in relation to the data protection requirements of other jurisdictions.
  • An ability to plan and prioritise workloads against a backdrop of changing priorities.
  • Experience working (whether in employment, on secondment or as a consultant) as part of an in-house legal or data privacy compliance function in a financial services environment, in a role wholly dedicated to data privacy.
  • Experience in advising asset management and private banking businesses on data-related matters, either as an English-law qualified solicitor or as part of a data privacy compliance team.
  • Strong sense of ownership and responsibility.
  • Very good interpersonal skills and first class written, presentational and organisational skills.

Responsibilities

  • Assisting in monitoring the firm’s ongoing compliance with UK and EU GDPR and maintaining records of compliance and records of processing activities;
  • Acting as a point of contact within the global business for privacy compliance, supporting local teams in each jurisdiction in interfacing with their equivalent data protection authorities / regulators;
  • Taking a lead role in collaborating with the relevant business teams to produce data protection impact assessments, legitimate impact assessments and data impact assessments;
  • Assisting the Group Privacy Counsel to find and deliver solutions to privacy related issues globally;
  • Working alongside and advising/guiding the firm’s data governance and security teams in maintaining the firm’s data governance framework;
  • Ensuring that developments in global data protection requirements and legislation are tracked and that the organisation is well positioned to comply with current and future requirements;
  • Reviewing the firm’s data protection policies globally and promoting data protection awareness throughout the firm via advice, training, and written materials;
  • Assisting the Group Privacy Counsel with responses to data breaches and investigations into complaints about breaches of legislation, and processing, co-ordinating and responding to all requests for information (Data Subject Access Requests) - including maintaining a log of requests and responses, and incidents and remedial recommendations and actions;
  • Handling enquiries from data subjects on issues relating to data protection practices, the withdrawal of consent, the right to be forgotten, and other related data subject rights; and supplementing the global Legal team’s work in connection with data related legal initiatives / projects, and the review and negotiation of the data protection elements of the firm’s general commercial agreements with third parties.

FAQs

What is the main responsibility of the Privacy Officer at Schroders?

The main responsibility includes assisting in monitoring compliance with UK and EU GDPR, acting as a point of contact for privacy compliance, conducting data protection impact assessments, and collaborating with various teams to find solutions to privacy-related issues globally.

Is experience in financial services required for this role?

Yes, experience working in an in-house legal or data privacy compliance function in a financial services environment is required.

What qualifications are necessary for the Privacy Officer position?

A good understanding of UK Data Protection laws and regulations, experience in data protection requirements of other jurisdictions, and ability to plan and prioritize workloads are necessary qualifications.

What kind of work environment can a Privacy Officer expect?

The Privacy Officer will work collaboratively within the Legal function and alongside teams in Compliance, Operations, IT, Risk, Governance, and Information Security in a flexible environment based in London.

Are there opportunities for career advancement in this position?

While specific details on career advancement are not mentioned, positions like the Privacy Officer typically offer paths for professional growth within compliance and legal functions, especially in a dynamic firm like Schroders.

Will I need to provide support for data breach investigations?

Yes, the Privacy Officer will assist in responding to data breaches and investigate complaints about breaches of legislation, including maintaining logs of requests and incidents.

How important is diversity and inclusion at Schroders?

Diversity and inclusion are considered strategic priorities at Schroders, making it an equal opportunities employer where everyone is welcome, regardless of various protected characteristics.

What kind of interpersonal skills are preferred for this role?

Strong interpersonal skills, alongside first-class written, presentational, and organizational skills, are preferred for the Privacy Officer position.

Is this role full-time or part-time?

The role can be full-time or four days per week, offering flexibility in the work arrangement.

Will the Privacy Officer be involved in training the staff regarding data protection?

Yes, the Privacy Officer will promote data protection awareness throughout the firm via advice, training, and written materials.

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Schroders

Finance
Industry
5001-10,000
Employees
1804
Founded Year

Mission & Purpose

As a global investment manager, we help institutions, intermediaries and individuals across the planet meet their goals, fulfil their ambitions, and prepare for the future. But as the world changes, so do our clients’ needs. That’s why we have a long history of adapting to suit the times and keeping our focus on what matters most to our clients. Doing this takes experience and expertise. We bring together people and data to spot the trends that will shape the future. This provides a unique perspective which allows us to always invest with conviction. We are responsible for £737.5 billion (€831.3 billion/$887.2 billion)* of assets for our clients who trust us to deliver sustainable returns. We remain determined to build future prosperity for them, and for all of society. Today, we have 6,100+ people across six continents who focus on doing just this. We are a global business that’s managed locally. This allows us to always keep our clients’ needs at the heart of everything we do. For over two centuries and more than seven generations we’ve grown and developed our expertise in tandem with our clients’ needs and interests.

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