Head of Compliance, Brazil
The Head of Compliance will be responsible for establishing and maintaining an effective regulatory compliance and AML framework in the securities distributorship firm (Distribuidora de Títulos e Valores Mobiliários), ensuring alignment with applicable Brazilian regulations related to financial services, anti-money laundering (AML) and counter-terrorism financing (CTF). This position plays a pivotal role in safeguarding the firm’s integrity, reputation, and regulatory standing, while ensuring robust risk mitigation strategies and a strong compliance culture across the business.
Responsibilities
Develop, implement, and continuously enhance the company’s compliance framework to align with business strategy, regulatory obligations, and corporate values.
Act as the company’s statutory representative before the Central Bank of Brazil (UNICAD), CVM and other authorities as applicable in relation to the relevant functions and responsibilities, with oversight of AML/CTF frameworks and sanctions compliance.
Oversee the company’s AML/CFT program, including client onboarding, transaction monitoring, sanctions screening, and suspicious activity reporting, in accordance with local and international standards.
Design and maintain robust internal control systems to detect, prevent, and respond to compliance issues. Ensure ongoing monitoring and regular review of policies, incidents, and regulatory updates.
Support the development and execution of crisis response and business continuity protocols to safeguard client and business interests in critical situations.
Ensure all client-facing materials and communications adhere to regulatory guidelines and reflect the company’s ethical and legal standards.
Ensure all local regulatory requirements are met, aligning the operational aspects to the company's global standards.
Partner with senior leaders across legal, finance, operations, and technology to embed a compliance-driven culture throughout the organization.
Provide training, guidance, and resources to staff on compliance topics. Ensure that all departments are informed and aligned with regulatory expectations and internal policies.
Deliver regular updates to the executive team and Board of Directors on compliance performance, regulatory developments, and mitigation measures.
Requirements
Bachelor’s degree in a relevant field such as Law, Finance, Economics, Business, etc.
Minimum of 10 years of experience in compliance or regulatory affairs within financial services, preferably in capital markets and securities brokerage.
Strong understanding of financial services laws regulations, the requirements and regulations of the Central Bank of Brazil and The Securities and Exchange Commission of Brazil (CVM), and AML/CTF management framework.
Must meet the fit and proper criteria set by the relevant regulatory authorities.
Demonstrated ability to liaise with regulatory bodies and handle regulatory reporting.
Decent command of English, minimum: B2 level.