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Regional Compliance Officer, EU

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Morningstar

Oct 30, 2024

Applications are closed

  • Job
    Full-time
    Senior Level
  • Legal
  • Frankfurt

Requirements

  • 6 years of experience in compliance / regulatory control processes developed in Internal Audit in the Financial Services, Accounting or Legal professions
  • Experience in designing and implementing compliance / regulatory policies and procedures
  • Experience interacting with and responding to inquiries from European Regulators (ESMA, EBA, ECB, among others)
  • Experience in providing advice to senior manager and board of directors
  • Highly developed interpersonal skills to build and maintain effective internal and external relationships
  • Experience managing compliance teams
  • Advanced communication skills (verbal and written) to report regulatory compliance information
  • Strong analytical and investigative skills and sound judgment
  • Understanding/experience of credit rating business would be an advantage

Responsibilities

  • Manage the compliance program to meet the regulatory scheme enacted in EU27, and provide ongoing assurance of compliance with DBRS policies and procedures
  • Provide advice and guidance to management on matters relating to conduct and compliance, including identifying areas of compliance vulnerability and risk, based on findings of compliance reviews
  • Manage the compliance component on the development of new business processes, and on changes to current business processes arising from changes to EU regulations
  • Implement standard procedures for the intake (including for anonymous reporting and complaints from third parties), investigation, escalation and reporting of potential compliance related incidents relating to DBRS to ensure that they are appropriately and consistently evaluated, investigated and resolved
  • Foster, and maintain, a good working relationship with the European Securities Markets Authority (ESMA), compliance colleagues, members of other internal control functions and business management
  • Manage the preparation for, and conduct of, regulatory examinations
  • Draft any compliance reports required by EU regulatory authorities
  • Report on existing and emerging compliance issues and risks to the European RCO
  • Maintain records of any violation reports received, including details of any actions taken
  • Contribute to the ongoing development of the Compliance team by sharing best practices, knowledge, expertise and lessons learned on a regular basis
  • Assist with the development, maintenance and delivery of compliance materials and training
  • Assist with the continuous improvement of global compliance programs
  • Maintain compliance files and records
  • Implement and maintain policies and procedures for the general operation of the global compliance program within DBRS

FAQs

What is the main responsibility of the Regional Compliance Officer for the EU?

The main responsibility is to implement the DBRS Morningstar Global Compliance Program within EU27 and ensure compliance with the EU regulatory scheme.

Where is the position based?

The position is based in Frankfurt.

Who does the Regional Compliance Officer report to?

The Regional Compliance Officer reports to the Deputy Chief Compliance Officer and the European RCO.

What experience is required for this role?

A minimum of 6 years of experience in compliance or regulatory control processes, preferably in Internal Audit within the Financial Services, Accounting, or Legal professions.

Is experience with European Regulators necessary?

Yes, experience interacting with and responding to inquiries from European Regulators such as ESMA, EBA, and ECB is required.

What kind of skills are important for this position?

Highly developed interpersonal skills, advanced communication skills, strong analytical and investigative skills, and sound judgment are important.

Will the Regional Compliance Officer manage a team?

Yes, the Regional Compliance Officer is expected to have experience managing compliance teams.

Is understanding of the credit rating business beneficial?

Yes, having an understanding or experience in the credit rating business would be an advantage.

How does the hybrid work environment at Morningstar function?

The hybrid work environment allows for remote work while also encouraging in-person collaboration at least three days a week.

What additional benefits does Morningstar offer?

A range of benefits are available to enhance flexibility as needs change, including tools and resources for meaningful engagement with global colleagues.

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Morningstar

Our mission is to empower investor success.

Finance
Industry
5001-10,000
Employees
1984
Founded Year

Mission & Purpose

Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and realtime global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $246 billion in assets under advisement and management as of Dec. 31, 2022. The Company operates through wholly- or majority-owned subsidiaries in 32 countries.