Canada Branch Compliance Officer

Job description

Company Description

Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d'Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE's networks. Listed on the Paris stock exchange, Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €11.1 billion, a Basel 3 CET1 Ratio(1) of 11.5% and quality long-term ratings (Standard & Poor's: A+ / Moody's: A1 / Fitch Ratings: A+).

(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in. See note on methodology in the 2Q19 earnings' material

Figures as at 30 June 2019

Job Description

The role of the Canada Branch Compliance Officer is to ensure that the firm and its employees conduct business in accordance with all applicable rules and regulations, including the rules and regulations of the Office of the Superintendent of Financial Institutions (OSFI), the Bank Secrecy Act, the USA Patriot Act and other Canadian and global regulatory requirements that will apply to the businesses conducted by Natixis in Canada.

Reporting locally to the Senior Country Manager (SCM)h and globally to the Chief Compliance Officer for the Americas, the Natixis Compliance Officer will be in charge of developing and assisting the implementation of a robust Compliance Program for the Canada Branch. In doing so, the Compliance Officer will provide actionable advice and insight to all businesses of the Canada Branch, across all activities. Such advice includes but is not limited to anti-money laundering and government sanctions, insider trading, conflicts, trading and sales practice, regulatory reporting, and other new regulatory initiatives within the Americas and globally that may have an impact on the activities carried out by the Branch.

The Compliance Officer will also be in charge of steering and managing on a day-to-day basis the integration of the Canada Branch Compliance Framework within the Americas CIB Compliance Program developed from New York for Canada.

The Compliance Officer will also support the SCM in the day-to-day operations of the Canada Branch as listed below.

·  Manage all aspects of the Compliance support and guidance to the team in Canada as well as the Support Functions involved with the Branch's activities in accordance with relevant regulatory requirements
·  Provide branch staff with regulatory risk analyses and training on new regulatory developments impacting the branch businesses
·  Provide Quarterly Compliance updates/reports to the SCM
·  Implement Second level testing and monitoring of First level controls that are conducted by the business
·  Provide opinions regarding the adequacy of First level controls to achieve compliance with applicable Canadian regulatory requirements
·  Support branch employees' efforts to comply with company policies and procedures as they relate to anti-money laundering, work with Americas Compliance to develop and maintain local AML policies and procedures, being cognizant of new AML and Sanctions laws, regulations and industry best practices that apply both locally and globally
·  Evaluate internal controls and anti-money laundering compliance programs through transaction analyses, compliance reviews and training sessions;
·  Be responsible for managing regulatory and internal audit examinations of branch activities; responding to regulatory inquiries, escalating findings and following up as necessary
·  Coordinate closely with Compliance colleagues in the Americas and Head Office on cross border activities
·  Review global compliance policies and procedure from Americas and Head Office Compliance and fine-tune them to comply with local requirements while being an inherent part of the worldwide Natixis Compliance program
·  Assist the Natixis Canada Branch or the Natixis group in leading ad-hoc projects as requested by the SCM or the CCO for the Americas

Day-to-Day Operations:

·  Follow results and control expenses on a monthly basis and address issues that arise
·  Prepare the branch budget in coordination with the SCM and Business Lines
·  Support the country risks and limits process
·  Ensure implementation of policies and processes, and the full integration of such policies and processes into the Americas Platform
·  Oversee and ensure proper day-to day operations of the branch in coordination with Finance, Hr, Marketing and Communications, Operations, IT, etc.

Required Skills/Qualifications/Experience

·  4-year degree in Economics, Finance, Business Management, or equivalent. MBA, JD, or equivalent advanced degree helpful but not required.
·  10 years' experience in Compliance advisory background within a global financial services firm or with a regulator required.
·  Experience/contact with Canadian securities regulators, specifically experience/contact with local regulators in Canada (mainly OSFI).
·  In-depth experience with Canadian regulatory requirements applicable to lending branches.
·  Demonstrated success in establishing a comprehensive compliance program in Canada for a financial institution with a global footprint.
·  Demonstrated success in developing a “culture of Compliance” and integrating compliance in day-to-day business activities.
·  Knowledge of local regulations including, but limited to, regulations on selling practices. Experience in the creation and execution of a compliance program, including development of risk assessment methodology, development of annual control and training plans, and responding to regulatory inquiries and potential findings, among other things.
·  Extensive knowledge of Canadian financial markets and products is highly valued. Experience applying financial markets regulations is required.
·  Knowledge of ongoing developments, regulations, and industry best practices surrounding Information Security a plus.
·  Superior communication skills are a must. Skillful written communication is necessary; the ability to convey thoughts clearly and succinctly and to communicate pertinent complex information in a clear and organized manner.
·  Fluency in English and French (oral and written) is required.
·  The ability to manage multiple priorities, working under pressure to meet deadlines, and the ability to respond creatively and quickly in a fast-paced and changing environment.
·  Strong interpersonal skills and influencing skills with staff at all levels - uses communication and diplomacy skills to gain acceptance of an idea, plan, or activity.
·  Demonstrated ability to work as a member of a team, meet individual goals, and contribute to group projects in a newly-established business environment.
·  High degree of integrity and strong work ethic.
·  Respect of work intensity and ability to react quickly to dynamic situations.
·  Proficient in MS Office (Outlook/Word/Excel/Access/PowerPoint).
Date de publication:07/03/2019