Application Guide
How to Apply for Head of Risk and Compliance
at Fastmarkets Ltd
🏢 About Fastmarkets Ltd
Fastmarkets Ltd operates in volatile, opaque markets, providing critical market insights and networking that empower strategic decisions. What makes them unique is their focus on becoming a world-leading PRA (Price Reporting Agency) in commodities, where compliance and risk management are central to maintaining trust and integrity in price reporting. Working here offers the chance to shape compliance frameworks in a dynamic, globally impactful industry from a remote setting.
About This Role
This role involves leading compliance initiatives to support Fastmarkets' strategy of becoming a world-leading PRA, with a focus on designing and overseeing monitoring processes for commodities price reporting. It's impactful because you'll ensure adherence to the European Benchmark Regulation (BMR), manage IOSCO assurance reviews, and embed enterprise risk management, directly influencing the company's regulatory standing and operational resilience in opaque markets.
💡 A Day in the Life
A typical day might involve reviewing compliance monitoring reports for commodities price data, leading meetings with your two Risk & Compliance Managers to discuss regulatory updates, and collaborating with other departments to embed risk management frameworks. You could also spend time preparing for IOSCO assurance reviews or analyzing BMR compliance issues to ensure Fastmarkets meets its strategic goals as a PRA.
🚀 Application Tools
🎯 Who Fastmarkets Ltd Is Looking For
- Has hands-on experience with IOSCO assurance processes, including managing examinations and reviews, not just theoretical knowledge.
- Possesses strong working knowledge of the European Benchmark Regulation (BMR) and its application to commodities price reporting agencies.
- Has people management experience, specifically managing a team of two Risk & Compliance Managers, with a track record of leadership in regulatory environments.
- Can demonstrate experience in designing and implementing compliance monitoring and testing processes, particularly for price reporting in volatile markets.
📝 Tips for Applying to Fastmarkets Ltd
Tailor your resume to highlight specific experience with IOSCO assurance and BMR compliance, using quantifiable examples from past roles in price reporting or similar industries.
In your application, explicitly mention your experience managing a team of two or more compliance professionals, as this is a stated requirement for this role.
Research Fastmarkets' recent announcements about their PRA strategy and reference how your skills align with supporting this goal in your cover letter or application.
Prepare examples of how you've designed or improved compliance monitoring processes for price reporting, as this is a core responsibility mentioned in the job description.
If you have remote work experience in compliance roles, emphasize your ability to lead initiatives and manage teams effectively in a distributed environment.
✉️ What to Emphasize in Your Cover Letter
["Highlight your direct experience with IOSCO assurance and managing BMR compliance, linking it to Fastmarkets' goal of becoming a world-leading PRA.", "Discuss your people management skills, specifically your experience managing two or more Risk & Compliance Managers, and how you've fostered team success.", "Provide a brief example of how you've designed or overseen compliance monitoring processes for price reporting in commodities or similar markets.", "Express your understanding of Fastmarkets' role in volatile, opaque markets and how your risk management expertise can support their strategic decisions."]
Generate Cover Letter →🔍 Research Before Applying
To stand out, make sure you've researched:
- → Investigate Fastmarkets' recent news and reports on their PRA strategy and any public statements about compliance or regulatory challenges.
- → Study the European Benchmark Regulation (BMR) in depth, focusing on its implications for price reporting agencies like Fastmarkets.
- → Look into Fastmarkets' specific commodities focus areas (e.g., metals, energy) to understand the market volatility and opacity mentioned in their company description.
- → Research IOSCO's principles and assurance processes for PRAs to prepare for discussions on regulatory standards.
💬 Prepare for These Interview Topics
Based on this role, you may be asked about:
⚠️ Common Mistakes to Avoid
- Applying with a generic resume that doesn't specifically address experience with IOSCO assurance, BMR, or price reporting compliance.
- Failing to mention people management experience, especially managing two or more direct reports, as this is a key requirement stated in the job description.
- Not tailoring your application to Fastmarkets' unique focus on volatile, opaque markets and their goal of becoming a world-leading PRA.
📅 Application Timeline
This position is open until filled. However, we recommend applying as soon as possible as roles at mission-driven organizations tend to fill quickly.
Typical hiring timeline:
Application Review
1-2 weeks
Initial Screening
Phone call or written assessment
Interviews
1-2 rounds, usually virtual
Offer
Congratulations!
Ready to Apply?
Good luck with your application to Fastmarkets Ltd!