Head of Compliance and Risk Manager (Paris)

Contenu de l'offre Head of Compliance and Risk Manager (Paris) chez Russell Investments

Description du poste

Head of Compliance and Risk Manager (Paris)The compliance function for RIF is managed by the Responsable Conformité et Contrôle Interne (“RCCI”) and the AMF decides on the award of the RCCI’s professional licence following achievement of an examination conducted by interview. Without holding such a licence, an individual is prohibited from holding office of the RCCI.The purpose of this role is twofold:1. Acquire the licence of, and undertake the RCCI role for RIF. The primary activities of the RCCI are the maintenance of RIF’s internal control plan, implementation of a monitoring/control program, provision of regulatory advice in respect of existing and emerging regulation, provision of regulatory training, regulatory reporting, primary liaison with the AMF and ensuring that regulatory policies, procedures and guidance are in place and kept up to date.Work as an experienced resource and support to the Director, EMEA Compliance on EMEA wide and global projects, at the Director’s request (scope of projects to be defined and agreed with the Director, EMEA compliance on an ad-hoc basis) and collaborate in achieving best regulatory practices within EMEA and globally.2. Undertake the role of Risk Manager responsible for the organisation, development and oversight of RIF’s risk management framework. Working in close collaboration with Russell Investments’ global Risk Management team to receive and assess periodic risk reporting. Maintaining RIF’s incidents database and supporting RIF’s associates in the management of events and their remediation. Undertaking due diligence on third-party delegates as part of RIF’s risk management activities.The responsibilities of the individual in this position include: Culture Contribute to maintaining a risk-aware compliance culture.Networking Be an active representative with industry bodies such as Association Française de la Gestion Financière, AMF and any other compliance working group, in order to discuss new issues in the industry from a regulatory perspective, which may have an impact on RIF’s business and on Russell Investment’s business more generally.Regulatory Strategy/ risk assessment Maintenance of a regulatory risk assessment for RIF (internal control plan) to underpin and prioritise the activities of the compliance advisory and monitoring components of the role.External Regulatory Communications Primary contact and liaison person for the AMF and external auditors but, as necessary, in conjunction with the President of RIF and the Director, EMEA Compliance (as necessary).Senior management reporting Responsible for the creation and delivery (by attendance as necessary) of comprehensive regulatory and risk reports to:The President of RIFRIF’s governing bodyRegulatory Developments Maintain awareness of regulatory developments and communicate these to others as necessary.Contribute to impact analysis of such developments and work alongside others to contribute to implementation activities designed to respond to regulatory developments. This will include interactions with delegates to ensure continued compliance by those delegates with RIF’s regulatory policies and procedures.Regulatory Framework Develop and implement a regulatory framework comprising:Maintenance of regulatory policies, procedures and guidance (including associated business operating procedures).Provision of regulatory advice on all day to day business matters as necessary including advice on new and amended services and products.Provision of regulatory training both planned and ad-hoc.Approval and Monitoring of Delegated Activities Monitoring and oversight of delegates (third-parties and intra-group) both in terms of initial on-boarding and on-going oversight activities.Be involved in the formal approval of delegate appointments.Work with other functions to ensure robustness of governance arrangements relating to outsourcing and to ensure that for each outsource service provider, the arrangements meet the AMF’s outsourcing requirements.Perform monitoring and oversight reviews of delegates (third-parties and intra-group). On-site may involve travelling both in-state and international.Record outcomes of oversight reviews and present findings in accordance with senior management reporting requirements.Compliance Monitoring Develop, document and deliver a robust risk-based compliance monitoring program covering RIF’s activities to include on-going guideline surveillance, monitoring and one-off themed investigations as may be required from the risk assessment process and RIF’s internal control plan.Complaint Oversight Ensure reported complaints are recorded and handled in a timely and robust manner and in accordance with applicable regulatory requirements.Responsible for the maintainence of regulatory breaches registers.Work with contributing parties to complete root cause analysis and contribute to processes to mitigate breach reoccurance.Ensure appropriate escalation of breaches in accordnace with internal policy.Lifecycle of funds Work with the EMEA Solutions team and RIF associates to contribute a ‘regulatory voice’ in the early stages of new product/service development.Draft regulatory documents (KIID, prospectus and regulation for the saving fund) in respect of amendments.Ensure validation of such amendments with the relevant custodian and AMF, if necessary.Be the active risk representative for France with both the EMEA and the Seattle Investment Risk team.Organisation and development of the risk function’s governance through the leadership of the dedicated Risk Committee.Development and monitoring of the Investment Risk controls to ensure and promote the independence of the second level controls of the risk function for the activities delegated from RIF to the affiliates in the UK.Operational Risks Maintain RIF’s incidents database and supporting RIF’s associates in the event of incidents and their remediation. The successful candidate will have extensive demonstrable skills and experiences including the following: RCCI’s professional licence awarded by the AMF in previous employment desirable.Excellent experience of working with regulations/guidance issued by the AMF but also other EU authorities (i.e. ESMA) essential. In particular, knowledge of AIFMD / MiFID II is needed.Integrity Demonstrating a consistent and uncompromising adherence to strong moral and ethical principles and values.Communication Ability to work collegiately within a small team structure in a very "hands on" role.Good communication, listening, speaking and writing skills at all levels of seniority. Particularly strong report writing and policy/ procedure writing skills.Essential to be approachable with an ability to act with diplomacy and summarise regulatory/legal information in a manner that associates can understand.Experience of communicating with the AMF, in particular, with its supervision team.Experience of working at a senior level in institutional asset management compliance and also familiar with regulatory matters connected to wholesale distribution of products to professional retail intermediaries.A broad technical knowledge of financial products and services offered by RIF but also the wider group including, who offers them and how different functional teams interact.Ability to assist the growth of RIF whilst being conscious of current and emerging regulations and regulatory strategies.Experience of working in a multi-location global business is an advantage.Leadership Self-motivatedStrength to work under pressure, make difficult decisions and standby them.Good teamwork skills and an ability to organise, and prioritise, work.Analytical andintellectualcuriosity Ability to determine what a new regulation means and what impact it will have on RIF and business activities.A willingnessto review new regulations, pick them apart, and to work with others to implement rules. Russell Investments is a leadingoutsourced CIO(OCIO)partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 85-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm is the world’s sixth-largest investment adviser, with $2.8trillion in assets under advisement (as of December 31, 2020) and$331.5billion in assets under management (as of June 30, 2021) for clients in 32 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 18 cities around the world, including in New York, London, Tokyo,Toronto and Shanghai. For more information, please visit


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