Compliance Officer – Indices/Benchmark Administration

Bloomberg; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

Bloomberg’s Legal, Compliance, and Risk group is seeking an Index Compliance professional to support the BISL product suite and regulatory obligations across markets. You will operate in a global team, implementing policies, governance, and controls while engaging with stakeholders to drive compliant outcomes.

The role emphasizes second-line review of benchmark methodologies, disclosures and regulatory reporting, with ongoing collaboration with Legal and regulatory teams to stay ahead of changes

Qualifications

• Good working knowledge of indices and financial benchmarks.
• Familiar with UK/EU index regulation (BMR) and IOSCO principles.
• Experience contributing to policies, procedures and regulatory reporting.

Responsibilities

• Act as the second line of defence in a dynamic business.
• Collaborate with index business and provide advisory compliance services.
• Provide second-line review of benchmark methodologies, disclosures and marketing content.
• Provide guidance on and implement controls relating to regulatory requirements for financial benchmarks and indices.
• Manage complex initiatives involving multiple stakeholders.
• Draft responses to regulatory inquiries and manage regulatory relationships.
• Partner with Legal and stay updated on regulatory changes impacting product and business.
• Draft, update and review compliance policies in line with requirements.
• Prepare reports for regulatory bodies and internal management.
• Develop and streamline compliance processes.
• Plan and conduct training for business stakeholders.
• Support global lead and compliance team to raise the function's profile.

Skills

Indices knowledge

Communication skills

Regulatory knowledge (UK/EU)

Analytical thinking

Education

Bachelor's Degree

Job description

Description & Requirements

Bloomberg’s Legal and Compliance Department plays a critical role in supporting our businesses and operations around the world. We move quickly and thoughtfully to help address a variety of complex issues that come with being the world’s leading financial news and information company.

Location

London

Business Area

Legal, Compliance, and Risk

Ref #

10054636

Our team is made of up of talented and hardworking professionals who think creatively and work collaboratively in an open environment to deliver results, drive innovation, and solve difficult problems. Diversity and inclusion are essential to our success, and we strive to maintain an environment where our employees are empowered to make an impact. We also recognize the value and importance of giving back to our communities, as evidenced by our award-winning pro bono program!

What’s the Role?

You will work as part of the global Index Compliance team providing support to Bloomberg’s global Index business, which offers financial benchmarks and strategy indices. The role will focus on coverage of Bloomberg Index Services Limited (“BISL”), which offers products globally, and is authorised by the UK FCA as a benchmark administrator under the UK Benchmark Regulation ("BMR"). The ideal candidate will have product knowledge and experience with indices, financial benchmarks and/or products within the financial markets; and be familiar with relevant FCA and European regulatory requirements as well as IOSCO principles. You will be part of the team that implements regulatory compliance policies, governance and controls. Excellent communication and interpersonal skills are essential, together with the ability to work as part of a team, with a real drive to add value to the firm.

We’ll Trust You To

• Act as the second line of defence in a dynamic, forward thinking business
• Collaborate with index business and provide advisory compliance services
• Provide second-line review of benchmark methodologies, disclosures and marketing content
• Provide guidance on and implement controls relating to regulatory requirements and expectations for financial benchmarks and indices
• Manage complex initiatives/projects involving several stakeholders across the organisation
• Contribute to drafting responses to regulatory enquiries and managing regulatory relationships
• Partner with Legal and keep abreast of regulatory changes in relevant markets and their potential impact on the product and business
• Draft, update and review compliance policies in line with regulatory requirements
• Prepare reports for regulatory bodies and internal management
• Develop and streamline new and existing compliance processes
• Plan, prepare and conduct training for business stakeholders
• Work alongside the global lead and compliance team to increase the profile of the compliance function within the business

You’ll Need To Have

• Good working knowledge of indices and financial benchmarks
• Excellent communication and interpersonal skills
• Familiarity with the financial markets and UK/EU index regulation, particularly the BMR, as well as IOSCO principles
• Experience contributing to policies and procedures, as well as reporting for regulatory bodies and internal management
• An analytical mind, the ability to solve complex problems and streamline processes
• A Bachelor’s Degree

We’d Love To See

• Industry experience in a Compliance role covering indices and/or benchmarks
• A desire to be part of a team in a dynamic and fast-paced organisation
• Working knowledge of index product or production processes
• A track record of working with and advising senior business people on compliance matters

Bloomberg is an equal opportunities employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

If indicated, please note that years of experience are a guide; we will consider applications from all candidates who can demonstrate the skills necessary for the role.

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