Head of Compliance and Market Surveillance Oslo

Are you seeking a central role in one of the world's most active stock exchange markets?
Overview of Euronext Oslo Børs

Oslo Børs was founded in 1819 and offers regulated markets for securities trading in Norway, and is world-leading in the energy, shipping and seafood sectors. Oslo Børs offers a full product range including equities, derivatives and fixed income instruments. Oslo Børs operates under statutory law and is subject to supervision by the Financial Supervisory Authority of Norway. In June 2019, Oslo Børs became part of the Euronext Group and is 100% owned by Euronext N.V.

Overview of Euronext Group

Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal.

With close to 1,900 listed issuers and around €6.5 trillion in market capitalization as of end December 2023, it has an unmatched blue chip franchise and a strong diverse domestic and international client base.

Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal.

Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.

Risk & Compliance department overview:
The Compliance and Market Surveillance at Oslo Børs is responsible for the real-time and post trade surveillance of the Norwegian security markets, including follow-up and enforcement of the Oslo Børs rules applicable for member firms and listed issuers. Further, the reporting of breaches of the rules of conduct to the Norwegian Financial Supervisory Authority (Finanstilsynet) rests within the department's area of ​​responsibility (cf. the Market Abuse Regulation and the Norwegian Securities Trading Act).

The main task of the compliance function at Oslo Børs is to minimize compliance risks and to ensure that the exchange's operations are carried out in line with regulatory requirements, the Euronext group's internal policies and internal procedures established by the management or Board of Directors at Oslo Børs. Euronext has implemented a matrix organisation, where all units at Oslo Børs have a functional reporting line into the group. Hence, the Oslo Børs compliance function is an integrated part of the Euronext Group Risk & Compliance department as well.

Within the Euronext Group Risk & Compliance department, a team of almost 50 talented professionals in Risk, BCM and Compliance, spread across our various geographies, is ensuring to preserve the value assets and reputation of the company. Identifying and assessing risks, implementing mitigation actions, informing and raising staff and business awareness, monitoring and ensuring compliance with the appropriate regulations are the core activities embedded in our team.

The teams as, all its key stakeholders, including local Boards, Regulators, are located in all Euronext entities (Paris, Porto, Milan, Oslo, New York, Dublin, Copenhagen…).

Your role as Head of Compliance and Market Surveillance Oslo:

Reporting to the CEO of Euronext Oslo Børs and the Chief Compliance Officer, the Head of Compliance and Market Surveillance Oslo is responsible for ensuring the robust protection of the company delivering the compliance of all rules with a clear plan on any new regulations to come in relation with Euronext Oslo Børs and the Euronext groups’ business, product and services.

Further, the role includes responsibility for the Market Surveillance (real-time and post-trade) of the Norwegian equity and bond markets as well as following-up the listed issuers compliance with Euronext rule books and the disclosure obligations in accordance with the Market Abuse Regulation. The role will manage a team of 6 direct reports.

The role involves establishing and maintaining a first class compliance and risk standard and culture at Euronext Oslo Børs and within the Euronext Group and will play a key role in ensuring that Euronext Oslo Børs business is in line with legal and regulatory requirements. The role is responsible for the development, ongoing maintenance and enforcement of the necessary policies and procedures and supporting activities within the overall compliance agenda including guiding the business on new initiatives. The Head of Compliance and Market Surveillance for Euronext Oslo Børs will also manage and coordinate BCM and internal control activities for Oslo.

Key accountabilities:
Head of Compliance and Market Surveillance for Euronext Oslo Børs will be accountable to:

• Manage real-time and post trade surveillance, and develop / optimize alerts and systems as required to keep abreast of Market and Regulatory developments.
• Support business with advice on several topics related to market activities as well as compliance with applicable laws, regulations and internal policies/guidelines.
• Manage audits and investigations and where required take / recommend appropriate enforcement action.
• Develop and maintain excellent contacts and working relationships externally with Regulators and internally with other departments.
• Keep abreast of current market structure, exchange rules and market abuse regulations, in order to enhance surveillance tool set accordingly.
• Inform and advise internally on several market related topics, advise Members and listed issuers about Euronext Oslo Børs Rules.
• Manage BCP local coordination in direct relationship with the Operational Risk and BCP central team, including responsibility for local crisis plans and documentation, as well as the implementation of crisis exercises locally.
• Manage internal control processes at Euronext Oslo Børs in cooperation with the group Internal Control team, including ensuring the implementation of mitigation measures locally.
• Manage and follow-up Euronext Oslo Børs employees' restrictions and reporting requirements for trading in financial instruments.
• Follow up the reporting of incidents at Euronext Oslo Børs, including ensuring that mitigation measures are implemented.
• Responsibility for an operational, well-functioning and independent compliance function for Euronext Growth Oslo (MTF).
• Manage and direct the work of the employees within the Compliance and Market Surveillance department in Oslo.
• Report and present compliance related topics and issues to the senior management and the Board of Directors at Oslo Børs ASA.

You should preferable have skills in the following areas:

• Experience in a financial services regulatory and compliance environment
• Knowledge of relevant regulatory framework
• Knowledge of exchange traded financial products and markets
• Ability to manage relationships with both internal and external stakeholders and work effectively in a matrix organisation
• Proven managerial capabilities, leadership skills and experience in functioning in a high demanding complex environment.
• Exposure to international markets
• Strong attention to detail and analytical skills
• Excellent written and oral communicative skills in Norwegian and English
• Energetic team player

What we can offer:

• An open, social and newly renovated workplace with diversity and a very good working environment
• An exciting job with the opportunity to be part of the Norwegian and European financial market and develop knowledge about it
• An inclusive and competence-driven workplace, with many exciting and professional opportunities
• Competitive remuneration, pension and insurance schemes
• Many social activities held by our own social committee
• Very fresh subsidized canteen

The role has a direct reporting line to the Head of Compliance Euronext and to the CEO of Euronext Oslo Børs. The position is part of the CEO's senior management team at Oslo Børs.

It is easy and quick to upload your CV or LinkedIn profile when applying. We kindly ask you to submit your CV and application that describe what you have done and highlights what qualifies you for the position. You must also upload diplomas and any certificates.

Application deadline: Applications are evaluated continuously.

For further information or questions, please do not hesitate to contact HR Business Partner,

Victoria Kjeldstadli +47 415 25 330.

Euronext Values

Unity
• We respect and value the people we work with

• We are unified through a common purpose

• We embrace diversity and strive for inclusion

Integrity
• We value transparency, communicate honestly and share information openly

• We act with integrity in everything we do

• We don’t hide our mistakes, and we learn from them

Agility
• We act with a sense of urgency and decisiveness

• We are adaptable, responsive and embrace change

• We take smart risks

Energy
• We are positively driven to make a difference and challenge the status quo

• We focus on and encourage personal leadership

• We motivate each other with our ambition

Accountability
• We deliver maximum value to our customers and stakeholders

• We take ownership and are accountable for the outcome

• We reward and celebrate performance

We are proud to be an equal opportunity employer. We do not discriminate against individuals on the basis of race, gender, age, citizenship, religion, sexual orientation, gender identity or expression, disability, or any other legally protected factor. We value the unique talents of all our people, who come from diverse backgrounds with different personal experiences and points of view and we are committed to providing an environment of mutual respect.

Additional Information
This job description is only describing the main activities within a certain role and is not exhaustive. It does not prevent to add more tasks, projects.

Location: Oslo, Tollbugata