Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, an industry-leading provider of credit risk products and services; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.
Fitch complies with all laws governing employment in each jurisdiction in which it operates, and provides equal opportunity to all applicants and employees. All applications will be considered without regard to race, colour, religion, gender, national origin, age, disability, marital or veteran status, sexual orientation, and other status protected by applicable laws.
The Compliance Department is responsible for compliance and regulatory matters for Fitch Ratings' business globally. The Department includes regulatory compliance, personal conflicts monitoring and compliance testing and monitoring. Currently the EMEA regulatory compliance function comprises staff based in London, Frankfurt, Barcelona and Moscow. A Director level candidate is now sought to join the Regulatory Compliance team to be based in London.
The Regulatory Compliance team is primarily responsible for managing Fitch Ratings' interaction with regulators across EMEA, including supervisory inspections and examinations. However, the team is also engaged in ensuring general compliance with applicable credit rating agency regulations, fulfilling various regulatory reporting obligations, reviewing Fitch Ratings' policies and procedures to ensure they are designed to effectively address regulatory requirements, and handling conduct-related internal investigations and complaints.
Reporting into the London-based Head of Regulatory Compliance - EMEA, the successful candidate will be instrumental in delivering the transition to direct supervision by the UK Financial Conduct Authority ('FCA') following Brexit, as well as conducting the ongoing FCA relationship (pre-Brexit Credit Ratings Agencies are supervised by the European Securities and Markets Authority ('ESMA') on a pan-European basis). The successful candidate will often be the first point of contact for compliance issues impacting Fitch Ratings' operations as well as being a key point of contact between Fitch Ratings and the FCA in addition to supporting compliance staff based throughout the region. As such, the role offers the successful applicant an opportunity to work with the UK and European regulators, as well as senior members of the Compliance leadership team and business management throughout the EMEA region, and will have exposure to the full range of compliance activities impacting Fitch Ratings' activities in EMEA.
Act as a key point of contact for regulatory compliance matters in the UK, and collaborate with other members of the Regulatory Compliance team in relation to compliance issues on a regional and global basis.
Assist in the management of the relationship between Fitch Ratings and the FCA, including the conduct of supervisory inspections and examinations following Brexit.
Assist in ensuring that Fitch Ratings' operations in EMEA are designed to comply with applicable laws, rules and regulations.
Track regulatory changes and divergence in regulatory requirements between regulators, and report on these to the EMEA Head of Regulatory Compliance and senior management.
Maintain a detailed understanding of all relevant credit rating regulation within EMEA. Develop and sustain strong productive day-to-day relationships with internal and external stakeholders.
Take operational ownership of the collection and internal dissemination of data required to support regulatory reporting using the MetricStream governance, risk and compliance (GRC) system, coordinating internal communications and supervising the loading of regulatory requirements into MetricStream.
Support the process designed to ensure that Fitch Ratings meets all ongoing regulatory reporting obligations in the region, as well as coordinating the responses to any ad-hoc regulatory requests for information.
Facilitate and support the regulatory examination and inspection process, including attending on-site meetings, collection, compilation and management of documentation and review of collected documents for adequacy and appropriateness and drafting responses for regulators.
Assist with responses to regulatory exam findings, including tracking and monitoring Fitch's completion of the recommendations.
Engage in, and contribute to, the policy and procedure review process, as well as other department initiatives across all areas of compliance.
Qualifications and Experience
This position will suit a professional and dynamic individual who has strong experience of working in compliance within the financial services sector, and who is a motivated, self-sufficient individual, with a high degree of autonomy. In particular, the successful candidate will possess or demonstrate the following:
Educated to university degree level or equivalent. Legal qualifications would be a distinct advantage, but are not a requirement.
Highly organised and efficient, with the ability to multi-task and meet tight deadlines with a high degree of flexibility and excellent time-management skills.
Excellent drafting and communication skills with great attention to detail.
Experience in project work and problem-solving, with proven track record in identifying and analysing relevant considerations and presenting findings and recommendations to senior stakeholders both within Compliance and the broader business in a clear and concise manner.
As Credit Rating Agency regulation is an evolving area, the capacity to quickly learn and adapt to new regulations or requirements, and develop creative approaches to addressing them.
Experience dealing with regulatory agencies and managing regulatory inspections/examinations in a financial services environment.
Previous experience in a Credit Ratings environment (or other similar FCA/ESMA-supervised sector) would be an advantage.
Ability to work under pressure to meet strict deadlines imposed by both regulators and Fitch.
Exposure to and knowledge of MetricStream or other governance, risk and compliance (GRC) systems would be an advantage.
Fluency in English, both written and spoken, is required.
Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch's credibility and reputation, our employees must take every precaution to avoid conflicts of interests or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will asked to declare any securities holdings and other potential conflicts for you and your Family Members prior to commencing employment. If you, or your Family Members, have any holdings that may conflict with your work responsibilities, they must be sold before beginning work. In certain roles, employees and their Family Members may be limited to investments in diversified mutual funds only.
For more information about this policy, please visit the code of ethics and conduct page - http://www.fitchratings.com/web/en/dynamic/about-us/code-of-ethics-and-conduct.jsp
Internal Number: 6493730
About Fitch Ratings
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