Company Description
CIC London, part of the Crédit Mutuel Group, is a highly reputable financial institution and one of Europe's largest and most well-rated banking groups. Established in 1895, it has over 125 years of history and expertise, providing reliable financial solutions through all economic climates. CIC London specialises in a range of services, including Acquisition Finance, Corporate Finance, Project Finance, Private Debt Solutions, and Asset-Based Lending. The organisation serves businesses across the UK and Europe, offering a trusted and comprehensive approach to financial support.
OVERALL JOB OBJECTIVE(S)
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Certified role under the SMCR holding the Middle-Office key function
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Manage, and be responsible for, the Branch's Middle-Office functions
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Ensure continuous and consistent coverage for all of the Branch's Middle-Office functions
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Ensure timely delivery of ESG assessments and other related contributions
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Ensure timely and smooth on-boarding and monitoring of Global Banking and Real Assets third parties
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Ensure timely and smooth closing and execution of Global Banking and Real Assets transactions
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Ensure timely management of client document and data
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Ensure timely performance of adequate 1st line credit monitoring, reporting and controls
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Ensure that all relevant policies and procedures are consistently applied by CBG and the Middle-Office
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Play a pivotal role between Front-Office, Risk, Compliance, Back-Office, Treasury and Finance
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Develop the Middle-Office's organisation and operations in line with Group and Branch strategy
MAIN TASKS AND RESPONSIBILITIES
A. Head of Middle-Office
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Manage a team of 11 people (including 3 direct reports), covering the Branch's Middle-Office functions
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Act as the Middle-Office's main senior contact, ultimate decision-making authority and signatory
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Ensure appropriate review and approval of all Middle-Office matters
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Represent the Branch's Middle-Office in local and Group committee and working group meetings
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Contribute and present to the relevant committees, and opine on behalf of the Middle-Office
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Monitor changes to legislation, regulation, industry best practices and Group policies and procedures
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Ensure that adequate operating procedures and 1st line controls are maintained and applied at all time
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Ensure that Front-Office staff are promptly informed of, and apply the latest operating procedures
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Lead the Middle-Office's ARIS mapping, BIA and RCSA reviews
Monitor the Middle-Office's workload, and address identified skills and resource gap
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Ensure the periodic review of processes to identify streamlining and automation opportunities
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Ensure the Middle-Office's contribution to all relevant projects and remediation process
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Oversee the implementation and maintenance of Middle-Office systems and technology infrastructure
B. ESG Analysis
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Oversee the Branch's ESG analysis process at on-boarding and on-going monitoring
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Ensure that the latest ESG policies and procedures are applied
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Ensure that ESG horizon scanning is performed on time, and that relevant publications are flagged
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Ensure that required ESG-related gap analyses are performed in a timely manner
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Ensure that the required implementation and remediation projects are achieved in a timely manner
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Foster coordination with the Institut Mutualiste and CIC CIB ESG correspondents
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Coordinate the development and implementation of ESG risk and performance assessment tools
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Coordinate the development and rolling out of the Branch's ESG training programme
C. Due Diligence, and document and data management
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Oversee the Branch's on-boarding, and document and data management processes
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Ensure that the latest CDD, CTM and static data management policies and procedures are applied
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Ensure that all client, transaction and credit static data are uploaded and updated in a timely manner
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Ensure that all relevant external datasets are up-to-date
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Ensure that the CRM and other applications or databases are adequately updated
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Ensure that any delay or exception is formally explained and documented
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Review Financial Crime related assessments and forms, and escalate where appropriate
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Ensure that an adequate audit trail is maintained for client and credit documentation at all times
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Ensure that client, transaction and credit documentation is consistently labelled and classified
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- Coordinate the development and implementation of Financial Crime risk assessment tools
D. Legal and Transactions
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Oversee the Branch's facility documentation closing and execution process
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Ensure that the latest standards and procedures are applied
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Review trade volumes, and anticipate and address potential bottlenecks
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Ensure that operational issues are flagged, justified and escalated
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Ensure that relevant MIs (anticipated funding, headroom, etc.) are reported to the relevant stakeholders
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Coordinate the development and implementation of Legal risk assessment and support tools
E. Monitoring, Reporting and Controls
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Oversee the Branch's pipeline, CDD, ESG and credit reporting and 1st line controls
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Ensure that Data Quality Controls are performed for all pipeline, CDD, ESG and credit related reports
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Develop and ensure timely production of relevant monitoring KPIs, KRIs and other Mis
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Ensure timely preparation, validation and circulation of reports required by Head-Office
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Ensure that responses to ad hoc queries sent to CBG by Head-Office and addressed in a timely manner
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Provide support to CBG and other Middle-Office teams
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Provide administrative support as required
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Contribute to regulatory reporting and audit assignments where required
F. Risk and compliance culture
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Adhere to the Group's compliance related policies and procedures such as anti-bribery and corruption, anti-money laundering and combating the financing of terrorism (AML-CFT), conduct rules, conflict of interest, data protection, gifts and entertainment, market abuse, personal account dealing, safety and security, tax evasion, whistleblowing, etc.
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Partake in strengthening the branch's risk and compliance culture (i.e., write and implement policies, design trainings, update Questions & Answers, etc.) in collaboration with the Senior Management and business units.
PROFILE AND SKILLSET
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Relevant University Degree in Law and/or Finance
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Previous management experience in a front-office or a middle-office function
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Comfortable working in a multicultural and diverse environment
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Comprehensive understanding of UK, French and EU financial regulatory and supervisory framework
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Good understanding of commercial bank loans, treasury products, and related standard documentation (e.g., LMA, LSTA, ISDA, etc.) and regulatory requirements
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Role model for gravitas, professional behaviour, positive attitude and integrity
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Good organisational, interpersonal and communication skills
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Ability to manage a variety of duties simultaneously and to prioritise
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Excellent written and verbal communication skills in English and French
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Proficient in MS Office Suite (Word, PowerPoint and Excel)
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Previous experience in CIC's, Crédit Mutuel Alliance Fédérale's and/or GCM's headquarters
Please apply by email to - no agencies please.