EMEA Investments Chief Compliance Officer (CCO)
Job Location: London
How important is this?
This role will pay a pivotal part to lead the Non-Financial Risk Assessment (NFRA) for EMEA region which is a strategically important project for Corporate Ethics and Compliance (CEC). This will require the incumbent to have a high level of influence and work closely with the Investments teams in country to identify the non-financial risks that could materialize within their unit. To then evaluate the existing controls in place to mitigate these risks and assess their effectiveness to arrive at a residual non-financial risk assessment for each of the country’s operations.
This position will be responsible for coverage of the Investments compliance programs that apply to all activity of MetLife Investments personnel across the EMEA region. This role will provide day-to-day support for Investments compliance related questions (Gifts & Entertainment, Trading, PM, Code of Ethics, Guidelines, etc.) within region.
We strive to attract, develop and retain diverse talent with the potential to be future leaders of our department and of MetLife as a whole. We seek compliance professionals who demonstrate high intellectual capacity to understand complex matters facing our company, combined with strong leadership competencies to motivate and inspire higher performance by all our professionals. We take an active role in developing the skills of our talent and guiding their professional growth. By promoting skill development and career advancement for our professionals. we are better positioned to serve our internal business partners and to help achieve MetLife’s vision of becoming a world-class leader in the insurance, retirement savings and employee benefits industries.
Who are we and where does this role sit?
MetLife Investment Management (“MIM”) is a global asset manager with over $600 billion of total assets under management. It manages money in several asset classes for MetLife’s general account, insurance company subsidiaries, affiliated mutual funds, and third parties.
At MetLife the CEC manages the firm’s compliance risks preventing violations of law, rule, or regulation, and designs and delivers a compliance risk management framework that maintains risk levels within the firm's risk appetite and protects the franchise. CEC is a risk-based department, focused on emerging risks, and providing constructive challenge to the business and functions, partnering closely with them to implement strong processes and effective controls, as well as to better foster and embed a culture of compliance. CEC monitors trends and changes in regulations and develops and implements global and divisional policies and procedures.
Role Value Proposition:
The role is Chief Compliance Officer and the Money Laundering Reporting Officer for the regulated UK Entity (“MIML”). There is a regulatory requirement and the role is responsible for being the Financial Conduct Authority (“FCA”) senior manager for both functions (SMF16 and SMF17). As such, this role is accountable for leading, implementing and overseeing an FCA compliance program in the U.K., acting as a liaison with the FCA regarding licensing matters and regulated activity, and providing on-going compliance advice, counsel and oversight to the regulated entity and its personnel. This role will need to offer credible challenge, escalation of issues and reporting, as appropriate, and working closely with the Investments teams to implement controls and guidelines while ensuring compliance with global and regional policies, procedures and standards, law, rule and regulation. This role entails working closely and collaborating with Investments leadership, local compliance teams and the functions on strategic initiatives and emerging issues.
This role would be expected to stay abreast of all applicable laws, rules and regulations ensuring they are then incorporated with advice offered to the Investments teams. This role will partner with the first line to develop appropriate risk mitigation strategies and controls, conducting monitoring and testing to ensure that all EMEA investment activities and the employees responsible for investing on behalf of the company comply with regulatory requirements and company standards.
This position will require working collaboratively with Investments professionals and senior management teams, throughout Europe, the Middle East, and the U.S., and with other Investments Department risk control organizations, including Global Risk Management, the Investments Section of the Law Department, and Internal Audit. This role is a key and critical position to ensure that MiFID II, GDPR, and the Senior Managers and Certification Regime have been effectively implemented across the MetLife Investment Management Limited (“MIML”) UK entity and ensure that the appropriate governance and control environment is developed to become compliant with any future regulatory developments.
Key Responsibilities:
Essential Business Experience
Required:
Preferred:
Essential Technical Skills:
Required:
Leadership Competencies:
MetLife will assist in the funding of Professional Fees for employees where it is relevant and aligned to your position within the organisation. MetLife reserve the right to make a judgement on whether the subscription is relevant or not to your role as well as cease the payment at any time. This type of subscription will not incur “benefit in kind” tax.
SM&CR
This role is a Senior Manager role and therefore is subject to the Senior Manager and Certification Regime.
All Senior Managers are required to comply with the FCA’s Tier 1 Conduct Rules and Tier 2 Senior Manager Conduct Rules which are as follows:
Tier 1 – Individual Conduct Rules
Tier 2 – Senior Manager Conduct Rules
At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.
MetLife is proud to be an equal opportunity employer. We are committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce. It is the policy of MetLife to ensure equal employment opportunity without discrimination on any basis protected by law.
For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.
Requisition #: 115485
We welcome applications from candidates of all backgrounds, ethnicities, genders, religions and sexual orientations.
We strive to find the best candidate for all positions and a diverse range of applicants ensures we widen our talent pool in order to achieve this.
Those with disabilities and neurodiverse conditions, please do let us know about your reasonable adjustments to ensure that we can best meet your needs.
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About MetLife
MetLife, Inc. (MetLife) is a provider of insurance, employee benefits and financial services, with operations throughout the United States
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