Job
- Level
- Experienced
- Job Field
- IT, Project, Security
- Employment Type
- Full Time
- Contract Type
- Permanent employment
- Location
- Frankfurt
- Working Model
- Onsite
Job Summary
In this role, you will manage and oversee all outsourcing arrangements, acting as the central point for technology-related regulatory matters and ensuring compliance with relevant guidelines and frameworks.
Job Technologies
Your role in the team
- The IGG Outsourcing Officer and Deputy Technology Supervisory Officer has a dual role directly reporting to the entity's COO with a secondary line into the firm's Technology Supervisory Officer.
- The person is responsible for the end-to-end management, oversight, and governance of all outsourced and sub-outsourced arrangements for Instinet Germany GmbH.
- Acting as the firm's primary subject-matter expert for outsourcing, the role ensures that all outsourcing activities comply with applicable regulatory requirements, including MaRisk, the EBA Outsourcing Guidelines MiFID II and other relevant supervisory expectations.
- The incumbent will establish, maintain and continually enhance the firm's Outsourcing Management Framework, ensuring clear documentation, robust oversight, effective monitoring and timely reporting to senior management and relevant governance bodies.
- The Outsourcing Officer will support all departments in implementing and adhering to outsourcing standards, act as the central coordination point for outsourcing-related regulatory matters, and contribute to a strong culture of governance and accountability across the organisation.
- In addition, the position plays a key role in supporting external and internal audits related to outsourced services, ensuring efficient coordination of requests, transparent communication and effective follow-up of findings through to closure.
- As Deputy Technology Supervisory Officer, the incumbent will support the TSO in providing day-to-day oversight of the provision of the Firm's technology operations, which are supplied to the Firm by the Group's servicing entity, Instinet Global Services Limited in the UK.
- The role covers the day-to-day, tactical, and strategic operations to meet Instinet Germany GmbH's (IGG) technology delivery, as well as its technology regulatory and compliance obligations including (but not limited to) as defined under DORA (reference to former BAIT) and MaRisk.
- The scope covers all technology operations within Instinet Germany GmbH (Paris and Frankfurt), including oversight of all outsourced technology activities as the Technology Outsourcing Supervisory Officer, and any Technology aspects in relation to the proposed MTF, BlockMatch DEU.
- The role also includes responsibility as Deputy Information Security Officer for the entity, which requires providing and overseeing the Group's information security framework, including internal and external reporting obligations, while utilizing the Group Information Security function in accordance with the service agreement with the UK servicing entity.
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Our expectations of you
Qualifications
- Exposure to information security aspects of technology and ideally having had exposure to information security oversight.
- Excellent understanding of relevant rules and regulations, i.e., MaRisk, EBA Guidelines on Outsourcing, MiFID II, DORA, IA Act, etc.
- Strong interpersonal and communication skills with the ability to communicate at all levels.
- Excellent team player with the ability to use own initiative and provide prompt and practical service to stakeholders.
- Excellent report writing and analytical skills.
- Proficiency in using MS Office products (Word, Excel, PowerPoint).
- Excellent time management and prioritisation skills.
Experience
- Strong experience in outsourcing oversight within a regulated financial institution based or operating in Germany (brokerage or capital markets preferred).
- Strong Operational Risk experience, ideally gained with a leading financial institution.
- Experience in dealing with Technology delivery within financial services and partnering a business in the delivery of its technology goals.
- Experience designing, operating or enhancing an Outsourcing Management Framework.
- Strong experience in Internal/External Audit Management, particularly in outsourced environments.
- A sound understanding of the product offering of an agency broker, ideally with some equity experience.
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What we offer
- Instinet is committed to conducting its business with honesty and integrity and expects its staff to maintain high standards, act within the law, applicable codes of practice, and to apply the highest possible operating/business ethics in all areas of its activities.
- As part of the Nomura Group, Instinet staff are required to comply with the Nomura Code of Conduct ('the Code').
- The Code explains the Nomura Group's Corporate Philosophy, it embodies our mission to contribute to society through our expertise in the services we provide to our clients and our vision to become a trusted partner.
- The Code outlines guidelines for Instinet staff to translate the Nomura Group Corporate Philosophy into actions.
- Instinet reflects on our actions to ensure that they are in line with the Code.
- We promise clients and other stakeholders that we will uphold the highest standards of ethics and integrity under the Code and we carry out all of our business activities based on the Code.
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Topics that you deal with on the job
Job Locations
This is your employer
Instinet
Instinet, LLC is a US-based provider of trading systems and operates as an electronic agency broker within the Nomura Group. The company supports institutional investors and broker-dealers in executing orders across more than 65 markets worldwide. Instinet is known for its advanced electronic trading strategies and comprehensive services, focusing on low trading costs and anonymous trading.
Description
- Company Type
- Established Company
- Industry
- Banking, Finance, Insurance
Outsourcing and Deputy Technology Supervisory Officer
- Location
- Frankfurt
- Working Model
- Onsite
- Diversity
- Open for all genders
