Euroclear Bank Chief Compliance Officer

Division

Euroclear Bank is the premier provider of settlement and related securities services for cross-border transactions involving domestic and international bonds equities derivatives and investment funds. We offer clients a single access point to post-trade services covering domestic securities from 48 markets. Euroclear Bank is also authorised as a credit institution to provide limited banking services that support its central securities depository (CSD) services.

Euroclear Bank currently has opened several subsidiaries (MFEX Malaysia MFEX Suisse MFEX Hong Kong MFEX Singapore) branches (France Hong Kong Japan Poland Singapore Sweden) and representative offices (Beijing Dubai Frankfurt New York) which provide operational and client relationship support to Euroclear Bank headquarters in Brussels.

Compliance and Ethics (C&E) is a dynamic and increasingly important role within the company providing advice on Compliance & Ethics matters. It is a second line role within the Three Lines model helping toprotect the integrity and enhance the reputation of Euroclear in the market.

You will be the EB Chief Compliance Officer (CCO) with a direct reporting to both the EB Chair of the Audit Committee and the EB Chief Executive Officer (CEO) and a functional reporting line to the Group CCO. You will play a pivotal role to ensure EBs compliance with its applicable laws regulations and regulatory standards; and supervise the outsourcing services provided by Euroclear SA/NV to achieve these objectives.

Your role

In line with Circular NBB201214 the compliance function is responsible for

• Monitoring and interpreting (new) laws and regulations as well as compliance-related impacts of business changes
• Identification and assessment of the compliance inherent and residual risk (compliance risk assessment)
• Advising and drafting policies and guidelines to Senior Management and Staff on the concrete application of the laws regulations standards and codes which fall within its assignment
• Supervision testing (monitoring) and drawing up of recommendations and management reporting on the compliance risk run by the institution
• Providing adequate trainings and awareness campaigns following a risk-based plan to ensure the Board Senior Management and Staff have an appropriate level of awareness of Compliance Risks and that a culture of Compliance and Ethics is promoted
• Drawing up a written action plan which describes in a sufficiently detailed manner the nature and frequency of the assignments to be performed by the compliance function within a certain period of time (one or several years).

As EB CCO you will be accountable for ensuring the adequate end-to-end functioning of the Euroclear Bank compliance function:

• developing operating and maintaining a high quality compliance & ethics program
• understanding and meeting the expectations of the regulator
• further improving compliance & ethics culture and awareness
• convincing and advising business owners about the implementation of their own compliance & ethics controls
• contributing to the execution and maintenance of the compliance risk-based monitoring and testing program
• providing reports to the local Senior Management and recommendations for presentation to the regulator and senior governance bodies locally and across the group
• supporting the implementation of corrective action plans to address control gaps
• contributing to the group-wide compliance initiatives and projects
• capturing legal and business evolutions and their impact on the compliance
• ensuring your team is adequately staffed with sufficient resources having appropriate skills experience and training to execute their compliance roles
• maintaining an active and constructive dialogue with Euroclear SA regarding the outsourced compliance services

Qualifications

The ideal candidate has the following qualifications:

Technical skills

• You have at least 15 years of experience of working in the financial industry
• You have at least 10 years of experience of working in a compliance function or similar
• You are a Certified Compliance Officer accredited by the Belgian FSMA
• You have a very good working knowledge of the domestic legal requirements circulars or guidelines from domestic and EU regulators
• You have a good understanding of the compliance and ethics domains which impact Euroclear Bank and Euroclear SA as a service provider to EB
• You have a good knowledge of the local regulatory reporting environment
• You are fluent in English and French and/or Dutch

Soft skills

• You consistently demonstrate integrity ethical standards and always act to protect the reputation of Euroclear Bank and the Euroclear group
• You are a role model behaving as you would ask others to behave in creating a culture of compliance and ethics
• You are proactive and capable of operating autonomously whilst leveraging available support and tools
• You have an independent mindset are assertive and can manage challenging internal and external stakeholders
• You are disciplined and have strong organization skills
• You can quickly build relationships with stakeholders
• You are a manager and a coach with a belief in empowering your staff whilst being ready to contribute to the overall delivery of your team
• You are a person who aims at getting the best of his/her colleagues while dealing with poor performance if need be
• You contribute to building a top of the class team dynamic and ethical environment by constantly role modelling the tone at the top and corporate values
• You excel at leading international and remote teams adapting effectively to diverse cultural contexts
• You communicate with enthusiasm and passion

Travel:Yes occasionally and also outside Europe.

We offer:

• Assume a senior leadership role within a highperforming global and truly multicultural organisation recognised for its strong international presence and influence across major financial markets.
• Embrace a challenging role that deepens your insight into Euroclear Bank and enhances your grasp of the functioning of financial markets.
• Further develop your compliance expertise by working at the intersection of regulatory change operational excellence and governance. You will have opportunities to influence groupwide initiatives contribute to supervisory interactions and strengthen your mastery of the compliance disciplines essential to safeguarding Euroclear Banks role in international securities markets.
• Engage with public authorities and interact with senior governance bodies spanning EB Board Committee as well as EB Management ESA Risk Management and Internal Audit.
• Work closely with peers across Euroclear CSDs and with industry associations like ECSDA and ISSA to exchange expertise and advance market best practices.