Location: Office based or work from home. Must be resident of Portugal.
Employment Type: Full-time and permanent
About the Role
We are seeking a Compliance Officer to join our growing wealth management team in Portugal. The successful candidate will ensure that our firm complies with MiFID II & IDD plus Portuguese financial services legislation, maintaining the highest regulatory standards and fostering a strong compliance culture within the organization.
Key Responsibilities
- Regulatory Compliance: Ensure adherence to MiFID II, IDD and Portuguese financial regulations, including CMVM (Comissão do Mercado de Valores Mobiliários) and Banco de Portugal requirements within all aspects of the wealth management business operations.
- Risk Management: Identify, assess, and mitigate compliance risks related to investment advisory, portfolio management, and financial products. Maintain and enhance the company’s compliance risk framework.
- Policies & Procedures: Develop, review, and update internal compliance policies and procedures in line with European and Portuguese financial regulations. Work closely with other departments to ensure policies align with business objectives. Communicate updates to policies and procedures across the organisation.
- Monitoring & Reporting: Conduct regular compliance audits, prepare reports for senior management, and liaise with regulators when necessary.
- Client Suitability & Conduct Rules: Ensure that investment services align with client suitability requirements and conduct rules under MiFID II.
- Licensing & Authorizations: Ensure the firm and its employees meet licensing and competency requirements as mandated by Portuguese regulators. Act as a liaison with regulatory authorities including reporting requirements and enquiries.
- Training & Awareness: Provide guidance and training to staff on compliance obligations, regulatory changes, and ethical business practices.
- Financial Crime Prevention: Implement measures against money laundering (AML), terrorist financing, and market abuse in accordance with regulatory guidelines.
Key Requirements
- Experience: Minimum 5 years of experience in compliance within a financial services or wealth management environment.
- Knowledge: Strong understanding of MiFID II, CMVM, and Portuguese financial services legislation.
- Qualifications: Relevant compliance or legal qualification (e.g., ICA, CAMS, CISI, or a law degree).
- Languages: Fluent in Portuguese and English (both written and spoken).
- Regulatory Experience: Direct experience dealing with CMVM or Banco de Portugal is preferred.
- Attention to Detail: Strong analytical and problem-solving skills with the ability to interpret complex regulations.
Why Join Us?
- Work with a leading European wealth management firm.
- A collaborative and dynamic working environment.
- Competitive salary and benefits package.
Opportunities for career growth and professional development