Lead Counsel, Regulatory Compliance

Company description:

"Founded in 1927, the Volvo Group is committed to driving prosperity and shaping the future landscape through sustainable transport, mobility, and infrastructure solutions.

Job description: What you will do

Your starting point will be to, together with your legal & compliance colleagues at VFS and in the broad cross-functional network at the Volvo Group, take responsibilities in the following areas:•    Establish global best practices and provide legal interpretation, frameworks and guidance for financial regulatory requirements•    Monitor, assess and respond to evolving regulatory developments•    Provide clear, practical guidance on regulatory obligations to support consistent market-level application•    Support establishment of appropriate controls, governance, and documentation•    Establish and oversee VFS’ global framework for AML, KYC, and sanctions compliance•    Promote consistency with regulatory expectations and internal standards•    Support and enable continued optimization and digitalization of monitoring and screening processes to be implemented by the relevant functions and local markets•    Advise on complex risk areas (e.g., sanctions developments, circumvention risks, enhanced due diligence frameworks)•    Advise on the application of AML / KYC, CFT, and sanctions requirements in the context of credit risk assessments, customer due diligence, transaction structuring, and other commercial transactions•    Provide global legal oversight and support of insurance regulatory frameworks applicable to VFS activities•    Support, enable, and guide the evolution of the VFS insurance compliance framework for implementation by local markets•    Provide practical guidance and education to support compliant insurance distribution activities and understanding of applicable regulatory requirements•    Interpret and advise on ESG-related regulatory requirements and reporting obligations affecting  VFS’ activities•    Support regulatory readiness for disclosure, governance, and prudential ESG frameworks by providing global guidance and coordinating consistent approaches•    Collaborate with Sustainability, Risk, and Finance colleagues to assess regulatory impacts, develop practical implementation guidance, support internal governance and reporting processes, and promote consistent market readiness for ESG-related regulatory obligations•    Contribute to the overall effectiveness of the VFS compliance framework by collaborating with relevant stakeholders, supporting the implementation and monitoring of compliance initiatives, and ensuring alignment with Volvo Group policies and regulatory requirements across all activities

Your future team

You will report directly to the Head of Compliance of VFS. In VFS, we demonstrate a clear vision to continue Transforming Together, a global mindset and a proven track record of successfully developing people, teams, culture, and leadership.In many of our markets, VFS has won the Great Place To Work award, where Great Work is done. By interacting with each other as an on-site business, we build relationships, which allow us to work together more efficiently and form stronger bonds with our colleagues and customers. This position is located in Gothenburg, Sweden.

Who are you?

Qualifications likely required to be successful in this role include:•    Law degree (LL.B., J.D., or equivalent)•    A minimum of 8 years’ experience in financial services regulation and compliance•    Expertise in Banking / financial regulatory frameworks; AML, KYC, and sanctions; Insurance regulatory requirements; ESG regulatory developments•    Experience working in a multi-jurisdictional environment•    Strong legal and regulatory analytical capability•    Ability to translate complex regulatory requirements into practical global guidance that supports consistent local market implementation•    High level of judgment and risk awareness•    Strong collaboration and stakeholder management skills, including the ability to support and enable local market teams•    Ability to influence outcomes in a matrix organization without direct authority or ownership of local execution•    Strategic global mindset combined with practical understanding of market-level operational realities•    Ability to establish and improve regulatory compliance frameworks and enable consistent implementation across markets, while local markets retain execution responsibility•    Ability to coordinate timely, high-quality responses to new regulatory developments through global guidance and local market support•    Ability to align HQ guidance with local implementation across jurisdictions and oversee consistency without owning day-to-day compliance activities

What’s in it for you?

We offer a solid and competitive package of compensation and benefits, plus you will enjoy a diverse working environment with a culture of care and inclusion. As an investment, we support your personal development and growth to achieve your career aspirations.

Volvo Financial Services is an on-site business and we understand that you might need occasional or temporary flexibility, which your leader is equipped to manage and fits well to our culture, as being together enables us to build upon our innovative and collaborative culture, as well as develop you for continued success.