LSEG is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a commitment to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It's how we've contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years. Through a comprehensive suite of trusted financial market infrastructure services - and our open-access model - we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity. LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific.
The
Senior Compliance Manager, Data & Analytics - EMEA
will support the Data & Analytics (D&A) Business team as a trusted partner within the London Stock Exchange Group (LSEG). This role will provide guidance and advisory support to senior management within the D&A Business and protect the LSEG brand, its products and employees. The D&A Compliance team are part of the wider D&A division as well as members of the LSEG Legal & Compliance department. The role is located in London, UK and reports into the D&A Compliance Director who is based in London.
Role summary:
The individual will focus on three primary areas:
the TORA UK entity and its compliance with the UK Financial Conduct Authority (FCA) regulation for its outsourced trading solutions (OTS), namely arranging (bringing about) deals in investments and dealing in investments as an agent; LSEG financial market infrastructure workflows including market data vendor services spanning all financial asset classes to ensure buy-side, sell-side, and corporate clients adhere to their regulatory obligations; regulatory risk management for strategic partnership initiatives integrating Microsoft O365 and artificial intelligence technology powered by LSEG data & analytics.
Responsibilities:
This Senior Compliance Manager will act as the deputy Senior Management Function - Compliance Oversight (SMF16) for TORA UK until such time as the role is ready to be transitioned.
As part of the deputy SMF16 duties, you will:
- oversee TORA's electronic trading technology for OTS, provide multi-asset class advisory compliance, and shall support for the alignment of the UK business into the global TORA framework.
- Strategically enhance the UK compliance framework and program by introducing approaches to make the role as efficient and effective as possible.
- Be responsible for ensuring appropriate policy, processes, systems and structures are in place to manage FCA compliance to ensure all licensing obligations are being met.
- advise on the UK risk appetite and establish the necessary governance standards, ensuring all relevant legal, risk, compliance and regulatory requirements and obligations are handled in a robust and agile manner.
- Liaise with the FCA , receiving regulatory notifications, incident management communications for client or system outages, BAU correspondence, and periodic filings.
For financial market workflows and strategic partnerships, you will have a global nexus to support multi-jurisdictional projects and workstreams, providing compliance advice for evolving business initiatives and regulations that impact LSEG customers. Responsibilities will include:
- Business Relationship: Develop business relationships by providing timely and salient advice. Establish open communication channels to ensure a two-way flow of information.
- Analysis and advice: Provide compliance advisory services to product managers, but also valuable challenge & scrutiny, whilst maintaining a trusted business partner" relationship.
- Regulatory Risk Management: Advise Business teams crafting product functionality which may trigger regulatory thresholds, aiming to keep products outside regulatory scope.
- Regulatory strategy and change: Provide input into regulatory horizon scanning, including drafting responses to consultations, performing impact analysis, and collaborating to ensure the businesses address regulatory risks and obligations.
- Committee Member: Represent D&A Compliance as a Committee member for the Digital Operational Resiliency Act (DORA) and Fundamental Review of the Trading Book (FRTB) solutions, ensuring all compliance requirements are met.
- Governance and Management Information (MI): Prepare concise and effective MI reports, participate in and present at various governance forums and committees, and be empowered to raise risks, issues, or concerns via senior colleagues and forums.
- Policies & Procedures: Partnering with the Central Compliance team to design, implement and enhance compliance policies, procedures, and governance frameworks. Develop and document a harmonized incident management process for the D&A team.
- Group Initiatives: Support implementation of the Governance Risk & Compliance tool, Central Compliance frameworks, second-line Risk management, Central Approval Function, New Product & Market Assessment Process, and other centralized forums.
- Compliance Monitoring and Assurance: Supporting internal reviews and external audits as required, including the risk assessment, plan, execution, and remediation of reviews.
Key Skills & Behaviours:
Effective communication, influence, and interpersonal skills are essential. Working collaboratively within a team whilst taking independent ownership of projects with a proactive aim to make valuable contributions to the business.
- Extensive experience within compliance or relevant risk, regulatory, consulting, or business-related roles, which should include working within a financial infrastructure firm or a financial services firm.
- Previous SMF16 experience preferred or supported / deputised for a SMF16
- Familiarity with MiFID, the FCA Handbook, and FCA rules applicable to 'Arranging (bringing about) deals in investments' and 'dealing as an agent'.
The ideal candidate will have in-depth regulatory as well as product knowledge and experience with regard to broker-dealer products and financial markets; be familiar with diverse regulatory rules an