• 3 July 2008
• Reference: JR202393

• Control Room Manager - London

• City of London Competitive Permanent

Our client is a premier global investment bank

Position Description
Job Objective
To assist the Firm as a whole, as well as individual business units, to comply with UK legislation and regulation, and applicable European and foreign legal requirements.


The Department is also called upon to render advice on legal requirements; the rules and regulations of SROs, exchanges, and other bodies; and Firm policies and procedures. The Control Group in the Compliance Department is responsible for various aspects of the maintenance of the Firm's Information Barriers (Chinese Walls), including the Firm's Watch and Restricted Lists, review of research reports, preclearance of certain transactions, and trade surveillance. The team consists of six team members plus one manager.

Principal Duties
Maintenance of Information Barriers Ensure compliance with procedures designed to prevent conflicts of interest between the Investment Banking and Sales, Trading, and Research activities conducted by the Firm. Closely monitor status of the Firm's investment banking projects and maintain Watch List and Restricted List (and related administration);
Review of Research Review Equity and Fixed Income research prior to publication for Watch List, Restricted List and other regulatory purposes;
Surveillance Monitor proprietary, client and employee trading of Watch List and Restricted List issuers;
Advice and Interpretation Provide advice and interpretation of policies and regulatory requirements, particularly relating to Investment Banking Compliance, Research Compliance, own-account dealing, research publications; and working with Division lawyers and outside counsel, provide advice on Takeover Code, US, UK and other laws and regulations;

Other
Participate in audits and Annual Compliance Review;
Update existing procedures and develop new policies on an ongoing basis;
Participate in training to business units;
Liaise with the Control Groups in New York, Tokyo and Hong Kong, particularly with regard to US or other local requirements and global policies.
Gatekeeping and Chaperoning of communications between IBD and Equity Research.
Provide advice regarding the firms policies relating to the 'U.S. Research Settlement' and the UK FSA Conduct of Business Rules affecting the publication of Investment Research.

Hours of Control Group Coverage Given the business units that the Control Group are responsible for, the hours of coverage are dictated largely by their requirements Accordingly the group's core coverage hours are from 6am to 8pm. These hours are managed through a shift structure which all team members are expected to participate in, and as with any business coverage is also determined by team resource and workflow levels. One member of the team provides coverage prior to the London and European market open from 6.30am (with the shift ending at 3.30pm) and one member of the team provides coverage until 8pm (with the shift starting at 10.30am)

Other members of the team will the cover the period from 8am to 6.30 pm as required.

Primary Contacts
Due to the diverse and widespread nature of the team's role, the team members are in close constant contact with staff from Compliance, Legal and the business units. Interaction can often be with very senior members of staff. The Firm runs a global Control Group and there is regular contact with staff in the CG teams in Hong Kong, Tokyo and New York. Supervision The successful candidate will report to the Control Group Manager who reports into the Head of Private Side and Research Compliance.
Training needs for the individual would be reviewed regularly.

Skills Required
Position Requirements
The ideal candidate should possess the following skills and qualities:
University graduate or

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