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Bloomberg’s Legal & 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 legal issues that arise across the Company’s various businesses. Our team is made 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. We also recognize the value of diversity and inclusion in cultivating a supportive workplace and the importance of giving back to our communities as evidenced by our award-winning pro bono program.

The Global Compliance team within Bloomberg’s Legal & Compliance Department provides coverage of our regulated entities and products including support for our non-regulated products and services. We work to address regulatory issues, ensure compliance with current/developing rules and regulations, and correspond with regulators.

What’s the role?

Bloomberg is seeking an experienced Compliance Officer to lead the Compliance function of the ESG Ratings Provider (“ERP”), Bloomberg Scores Europe Limited (“BSEL”). You will have the overall responsibility for overseeing compliance with regulatory matters and, specifically, perform the oversight function over all aspects of the provision of ESG ratings.

Responsibilities

• Advise and assist senior management, the Management Board and others responsible for carrying out regulated activities to comply with the regulatory obligations

• Serve as the primary regulatory liaison, including drafting and submitting regulatory filings, managing ongoing notifications, and coordinating responses to regulatory information requests, reviews and inspections

• Develop, implement and maintain entity-level Compliance policies and procedures (e.g., record keeping policy) to ensure ESG ratings are issued, published and distributed in compliance with the EU ESG Rating Regulation

• Operate a conflicts of interest (CoI) framework, including maintaining a CoI register, overseeing staff attestations / related training, and maintaining staff-trading restrictions with support from Group Compliance

• Conduct risk and controls monitoring and compliance oversight, partnering closely with Group Risk & Compliance; Identify any deficiencies and report these to the Management Board as soon as practicable

• Support entity-level governance forums; develop and provide regular Management Information (MI) to BSEL’s Board and relevant governance bodies

• Oversee the ongoing compliance review and approval of ESG rating methodologies and related public disclosures, including methodology descriptions, rating transparency disclosures, website content, etc. with support from Group Compliance

• Oversee / handle public complaints procedure (including investigations and responses to formal complaints from stakeholders) and whistle-blowing reports, reports of illegal activity by the staff involved in rating activities

• Oversee the effectiveness of any business-line separation measures and perform annual effectiveness reviews

• Own and oversee the public complaints handling process.

• Identify compliance and regulatory training needs and coordinate delivery and ensure that staff members are familiar with BSEL’s compliance policies and procedures, including tracking completion

You'll need to have:

• Over 8 years* working in financial services compliance and/or risk management, preferably with exposure to ESG-related products, services, or regulatory frameworks.,

• Demonstrated experience engaging directly with regulators and supervisors, and managing regulatory relationships, ideally in the EU

• Strong working knowledge of EU regulatory requirements, interpretative guidance and directives relating to the provision of ESG ratings, scores and data products (or closely analogous experience in pricing, benchmarks or credit ratings).

• The ability to conduct detailed, technical review of ESG ratings and scores methodologies and related governance arrangements

• Experience implementing transparency, governance, conflict of interest management, including the design of effective systems and controls

• Demonstrated experience identifying, assessing and managing regulatory and compliance risk, including operating risk frameworks and issue management processes

• Excellent written and verbal communication skills, with a strong track record of drafting policies, procedures, manuals, reports and materials for senior management and governance bodies.

• Strong executive presence and sound professional judgment

• Demonstrated ability to manage multiple priorities in a fast-paced, evolving environment

• Ability to work independently while collaborating effectively across global teams

• Strong analytical and problem-solving skills

*Please note we use years of experience as a guide but we certainly will consider applications from all candidates who are able to demonstrate the skills necessary for the role.