Business Segment: Capital Energy Financial Services
Location(s): United Kingdom; London
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At GE Capital we’re not just bankers, we’re builders. Headquartered in Norwalk Connecticut, GE Capital is one of the world’s largest providers of credit and expertise. For more than 1 million businesses, GE Capital provides financing to purchase, lease and distribute equipment, as well as capital for real estate and corporate acquisitions, refinancings and restructurings. GE Capital operates in a number of industries, from airlines, healthcare and energy financing to fleet, franchise and middle market corporate finance. For approximately 80 million consumers, GE Capital offers credit cards and retail sales finance programs. GE Capital is an extension of GE's rich heritage of building and supporting growth, providing customers with insight, knowledge and expertise in addition to financing. At GE, developing people is embedded in our culture and integral to our growth. Join us and you’ll find yourself part of a dynamic team full of professional challenges and opportunities.
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Role Summary: This individual will partner with GE Energy Financial Services (EFS) Global Markets (GM) in London & other international locations to drive execution of the EFS compliance program. The GM Compliance Leader will be a member of the GM Leadership team, responsible for coordinating regulated compliance activities & overseeing a program designed to prevent, detect & mitigate compliance risks within EFS’s GM business. The GM Compliance Leader will report functionally to the EFS CCO in NY, NY.
Essential Responsibilities: A member of the EFS Global Markets Senior Leadership Team in London, the Global Markets Compliance Leader is responsible for providing a wide range of compliance services. The Global Markets Compliance Leader is principally tasked with ensuring the Global Markets business embodies EFS’s culture of compliance, upholds its regulatory compliance obligations in the UK and globally, and adheres to EFS Compliance Program elements and risk-management controls and processes.
Regulatory Compliance Accountability: Accept nomination as UK Financial Conduct Authority (FCA) authorized CF10. Thereafter, drive execution of an effective risk-based compliance program across the Global Markets segment which meets UK regulatory compliance obligations. Deploy the same rigor and execute a similar approach in other jurisdictions with regulated and/or licensed activities, products and services.
Capital Markets Activities: Assess and execute controls to manage compliance risks associated with various capital markets activities, including investment advisory and third party fund management, loan syndications, private placement investments and arrangement of financial transactions, including export credit agency backed loans and insurance products. Partner with the business to analyze regulatory obligations and licensing requirements potentially arising from new capital markets activities and operationalize and implement control enhancements to meet local obligations.
Transactional Due Diligence: Partner with deal teams in coordinating the execution of compliance due diligence for commercial energy finance transactions throughout each phase of the deal life-cycle. Analyze and assess customer, partner and third parties, including those conducting business in high risk jurisdictions, to identify potential compliance risks and reputational concerns. Execute enhanced due diligence related to compliance with AML/KYC, Economic Sanctions and Anti-Corruption laws and regulations. Make recommendations to the EFS Chief Compliance Officer on the materiality and relevancy of identified compliance risks and, in partnership with the business, develop written recommendations which help prevent, detect and mitigate deal-related compliance risks.
Portfolio Management: Collaborate with Global Markets portfolio teams in developing compliance monitoring plans for approved transactions. Provide guidance on potential compliance issues that arise during the portfolio life-cycle
Bachelor’s, Master’s or Law degree with significant years’ experience in Compliance, Legal, Finance/Controllership Operations, Risk or Audit or equivalent knowledge & experience
Demonstrated experience in some or all of the following: asset management, fund management, product structuring, investor/regulatory reporting, capital raising (sales and marketing).
Experience with global regulatory regimes and requirements related to anti-money laundering, economic sanctions, and anti-bribery, including risk-management in higher risk jurisdictions
Experience with design, strategy and implementation of a global compliance program
Experience advising senior management, crafting creative solutions and integrating multiple business objectives
Resourceful, with demonstrated skill in multitasking, delegation and managing multiple priorities and deadlines
Strong analytical, written and oral communication, interpersonal and problem-solving skills
Applications from job seekers who require sponsorship to work in the UK are welcome and will be considered alongside all other applications. However, non-EU/EEA candidates may not be appointed to a post if a suitably qualified, experienced and skilled EU/EEA candidate is available to take up the post, as the employing body is unlikely, in these circumstances, to satisfy the Resident Labour Market Test. For further information please visit the UK Border Agency website
Demonstrated understanding of UK Financial Conduct Authority and/or Prudential Regulatory Authority principles, expectations and regulatory frameworks.
Experience with Markets in Financial Instruments Directive (MiFID-II) and Capital Requirements Directive IV (CRD-IV) frameworks and local (e.g., UK) regulatory requirements.
Experience with Financial Crime Compliance laws, regulations, controls and program requirements across compliance risk areas like Anti-Money Laundering and Counter-Terrorism Financing, Economic Sanctions and Trade Controls, Foreign Corrupt Practices Act, UK Bribery Act and other relevant anti-corruption frameworks.
Licensed in the securities industry with one or more regulated entities.
Energy sector experience, such as regulatory, policy, investment, development and/or operational positions.
Demonstrated understanding of financial products and compliance operations.
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