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FMO - Senior Compliance Officer (Regulatory)

FMO The Hague

FMO is the Dutch entrepreneurial development bank. FMO invests in emerging markets in order to stimulate job creation and income generation by making stable development impact. The aim of FMO is to improve people’s lives in those parts of the world where this makes the biggest difference. The ultimate goal of FMO is to empower people in emerging markets to apply their skills and improve their own quality of life.

FMO believes in a world where, in 2050, more than nine billion people live well and within the means of the planet's resources. In pursuit of this vision, FMO's mission is to empower entrepreneurs to build this better world. To that end, FMO invests in businesses, projects and financial institutions.

Corporate culture and values

FMO strives for a flawless reputation when it comes to integrity and accordingly expect all employees, irrespective of their position, to behave beyond reproach. FMO has created an open culture that is based on respect, integrity and social responsibility. The core values of FMO are; Making the Difference, Diversity, Quality, and Integrity.

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Position

The practical translation of non-financial legislation and regulation can be seen as a specialism in itself.

As a Senior Regulatory Compliance Officer (topic expert) you are responsible for the identification of (upcoming) relevant legal requirements to which FMO has to comply regarding its activities. Focus is on various non-financial conduct laws (Wwft, GDPR, MAD/MAR, Sanctions, UKBA/FCPA).  You have direct contact with the relevant ‘Risk Owners’, i.e. operational management responsible for the impacted activities. You assist them in assessing  new regulatory developments and their impact on the relevant business activities.

You keep track of the main changes in a so-called regulatory dashboard and you are responsible for periodic regulatory reporting to the Executive Committee of FMO.

FMO has a Product Approval and Review Process (PARP) in place that is applicable to both existing products and changes thereto, as well as new products.  You will be  involved in the assessment of the regulatory risk connected to new business activities and assists the Front Office to verify if these new activities trigger additional regulatory obligations FMO has to comply with.

Furthermore you design and periodically update Policies and Procedures in above area, as well as give input for relevant trainings in above areas.

The emphasis in this position we be on having and keeping a central overview of the upcoming new and amending legislation and regulation.

Background

All FMO employees are expected to have the highest integrity and ethical standards. Thereby, the ideal candidate for this position has:

  • Well developed analytical skills and is accurate;
  • You are committed and always strive for excellence;
  • You are someone who takes responsibility. Thereby you recognize and are aware of the influences and consequences of individual decisions that have an impact on the goals of the organization as a whole.
  • The Senior Regulatory Compliance Officer must have excellent knowledge of Dutch -and international laws and regulations regarding customer(s’) due diligence & international sanctions regulations. He/she has a natural interest in AML/CFT/Sanctions legislation and regulations within financial services.

You have ample experience, for example within financial services or one of the Big Four Audit Firms, with a strong affinity for regulatory reporting.                                                        

FMO hires candidates with passion for its mission; to empower entrepreneurs to build a better world. Diversity is one of the values of FMO; providing equal employment opportunities to all employees and applicants for employment without regard to race, religion, colour, national origin, sex, sexual orientation, gender, gender identity or expression, age, disability and pregnancy.

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