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Compliance Officer

Date: Sep 12, 2017

Location: London, Greater London, GB

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Chevron is one of the world's leading energy companies, with approximately 60,000 employees working in countries around the world. We explore, produce and transport crude oil and natural gas; refine, market and distribute fuels and other energy products; manufacture and sell petrochemical products; generate power; and develop future energy resources, including biofuels and geothermal energy.


Chevron is accepting online applications for the position of Compliance Officer located in London , Greater London /United Kingdom  through 22nd September 2017 at 11:59 p.m. (Eastern Standard Time).



The Compliance Officer is responsible for identifying, reviewing and implementing applicable commodity trading and anti-money laundering regulations across the Supply & Trading  organization in the UK. There is also a requirement to share regulatory information across the Supply & Trading  regions. Where applicable you will hold the Financial Conduct Authority Significant Influence Functions of Compliance Office and Money Laundering Reporting Officer.  The role of the Compliance Officer also incorporates the regulatory required responsibilities of the Money Laundering Reporting Officer (MLRO). The position assists the business in meeting its regulatory obligations, including but not limited to: Financial Conduct Authority (FCA) regulation, European Union (EU) regulation, and other United Kingdom (UK) and European regulation applicable to the commercial and trading activities conducted by the Supply & Trading  business unit of Chevron.  


Requsition ID#270501



Key Responsibilities

Assist in the development and implementation of the Supply & Trading  regulatory framework, which includes;

  • Ensure relevant regulations which include Europe Market Infrastructure Regulation (EMIR), Regulation on Wholesale Energy Market Integrity (REMIT) and Market Abuse Regulation (MAR) are implemented and maintained
    • Ensure trades which are in scope for EMIR and/or REMIT are timely and accurately reported to the Registered Reporting Mechanism
    • Ensure applicable trade reconciliations are performed timely and accurately
  • Anti-Money Laundering/Combatting Terrorist Financing Program
    • Oversee the counterparty due diligence program to ensure reviews are completed timely and accurately
  • Monitor changes and updates to regulatory requirements, including but not limited to:
    • UK and European regulatory bodies, such as FCA, ESMA, OFGEM and ACER
    • Anti-Money Laundering/Combatting Terrorist Financing policies
    • Any other relevant regulatory requirements
  • Attend internal and external meetings which include
    • Applicable board meetings
    • Monthly Supply & Trading and support personnel meetings
    • Represent Chevron at relevant industry bodies
  • Communicate, when necessary and appropriate, with the Financial Conduct Authority (FCA) regarding regulatory filings, proposed regulations
    • Ensure all appropriate compliance reports/notifications are made to the FCA on behalf of the applicable regulated Firm
    • Ensure all record-keeping requirements (FCA, Companies Act etc.) are adhered to
  • Conduct trade surveillance and monitoring
    • Telephone & Instant Message Records
  • Assist in the implementation of the Supply & Trading global regulatory compliance training program, including but not limited to:
    • Contribute to content development of regulatory compliance training
    • Organize training sessions 
    • Deliver training to applicable Supply & Trading and support personnel

      In particular, the Compliance Officer is responsible for the following duties:

  • Ensuring where applicable the regulated Firm’s Clients are properly classified in accordance with FCA requirements
  • Customer classifications and all other client documentation are retained in safe keeping
  • Ensure all Anti-Money Laundering and Sanctions documentation and forms have been completed for all counterparties and where applicable filed with Customer classification forms
  • Ensure all the regulated entity employees who either carry out senior management or client facing functions are appropriately approved by the FCA
  • Maintain all files and records relating to Approved Persons and coordinate annual training and competence assessments with the relevant senior management
  • Liaise with the FCA in all matters including reporting and internal controls
  • Take appropriate steps in the event of non-compliance
  • Provide work direction to other analysts
  • Keep Chevron Global Trading Limited board appraised of the firm’s compliance with all relevant regulations
  • Perform annual risk assessment to ensure control framework is adequate as it relates to regulatory compliance


Additional Responsibilities

  • Provide work direction to other members of staff as required
  • Mentor and coach staff
  • Participate in projects and ad hoc activities as required
  • Actively identifies process improvements


Experience and Skills

  • Experienced professional
  • Commodity trading (physical and derivatives) and regulatory knowledge
  • Project management skills
  • Highly motivated team player
  • Highly organised, focused and proactive
  • Ability to identify training needs, develop and deliver training
  • Administrative, record keeping, computer literacy and data analysis skills
  • Appropriate compliance experience which ideally includes EMIR, REMIT, MAR/MAD and MiFID II
  • Know Your Customer and anti-money laundering controls
  • Breadth of operational experience


Regulatory Disclosure for US Positions:
Chevron is an Equal Opportunity / Affirmative Action employer.  Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status, or other status protected by law or regulation.
Chevron participates in E-Verify in certain locations as required by law.

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