Regulatory Affairs Role - Risk & Compliance - BFSI

Why join us?

- Compliance advisory and stewardship centres of excellence supports the Central Compliance & Advisory Services on a Global level, providing important information to compliance advisors and ensuring the information held is current and of high standard. Within Compliance advisory and stewardship centres of excellence, Regulatory Affairs & Policy Information Delivery is one of the processes established to monitor and capture material regulatory developments that impact Businesses.

- The purpose of RAPid is to standardize the current, manual regulatory development tracking process globally, creating a one-stop repository of information for all material regulatory developments. RAPid will support the wider purpose of the Compliance Advisory function of working with the Global businesses and Global Functions to help them identify and manage their Regulatory risk.

The Opportunity:

The Role of the Manager of the RAPid Team includes but is not limited to the following:

- Reviewing and assigning Regulatory Development alerts generated by the RAPid system to the respective regional reviewers

- Preparation of high level summary of the ongoing regulatory developments and share it with the business on a periodic basis

- Prepare and share daily, weekly, monthly Management Reports

The incumbent will report to AVP and will interact with the Onshore RAPid Team on a regular basis to ensure successful attainment of the objectives including enhancing the efficiency of the process

What you'll do:

Principal Accountabilities: Key activities and decision making areas:

Impact on the Business/Function:

- Review and assign Regulatory Developments alerts to the respective regional reviewers

- Creation of 'Regulatory Development' records from alerts, and the assignment of actions and sub- actions, which will serve as a workflow management solution

- Being responsible for enhancement and documentation of the process

- Preparation of high level summary of the ongoing regulatory developments and share it with the business on a periodic basis

- Prepare and share daily, weekly, monthly Management Reports

- Perform periodic Quality check on open/completed/assigned alerts and share the report with the business.

- Complete the UAT and provide feedback to the IT / business

Typical Targets and measures:

- Timely & Accurate action of the alerts

- Timely & Accurate execution/delivery of reports

- Ensure relevance of data and regular review

- Ensuring delivery of ad-hoc reports and requests from stakeholders if any

- Ensure compliance to the Governance Framework and Group standards and policies

- Timely and accurate quality checks

Customers / Stakeholders:

- Help identify and share best practice in a Compliance space

- Cultivate a positive and collaborative working environment with the Compliance function

- Build and maintain close working relationship with partners in Regulatory Compliance or elsewhere and should be able to work and co-ordinate with remote sites

- Communicate effectively to different audiences, including both Regulatory Compliance and any other internal customers

- Develop and maintain a current knowledge of internal and external Data Governance initiatives and best practices. Develop general awareness of Compliance Regulatory changes affecting the function

- Pro-actively assist management in identifying and containing compliance risk, monitoring, reporting and fostering a positive Compliance culture

Typical Targets and measures:

- Feedback from internal and external stakeholders

- Regular contact with key stakeholders, providing reports within agreed timescales. Track issues through to conclusion

- Provision of reports to management on significant issues in a concise and timely manner, where applicable

- Close working relationship maintained with the Compliance function, Regulatory Compliance and any other internal customers

Leadership & Teamwork:

- Ability to act proactively and multitask

- Desire to pass on skills for the good of the team and learn from the other team members

- Actively participate in team meetings and bring solutions/suggestions/recommendations to the table

Typical Targets and measures:

- Be able to integrate into an existing close team

- Effective contribution in team meetings and business calls

- Be open to feedback and highlight areas of improvement

Operational Effectiveness & Control

- Maintain internal control standards, continually assessing operational risks inherent in the processes, taking account of changing operating procedures, staff movements, legal and regulatory requirements, management restructures, and the impact of new technology.

- Ensure understanding of Group FIMs, Group Audit / Internal Control Review / Compliance reports; foster a compliance culture

- Actively contributes to RCA process and in both anticipating and mitigating potential risks

Typical Targets and measures:

- Clear evidence that the team understands the respective operational controls and standards to contain compliance risk

- Any significant compliance issues reported appropriately and in a timely manner

- Identify process improvements. Discuss these with the Business Partner for implementation

- Identify best practices across various geographies and effectively disseminate these to others

Major challenges:

- Meeting Cross Country/Multi Time zone delivery

- Balancing new requirements with existing technical capabilities to ensure stakeholder expectations are managed

- Manually scanning of various Regulatory Websites

Role Context:

- Flexibility to work in different shifts

- Jobholder will be required to work closely with the existing global teams to ensure BAU functions are carried out accordingly within the stipulated Performance Level Agreement (PLA)

- The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators (if any)

Management of Risk:

- Be aware of the Operational risk and act in a manner that takes account of operational risk considerations.

- Proactively alert the Line Manager of highest perceived risks as they arise

Role Dimensions:

- Reviewing and assigning Regulatory Development alerts generated by the RAPid system to the respective regional reviewers

Qualifications - External

What you will need to succeed in the role:

Essential:

- Experience in roles within a Risk / Compliance / Regulatory framework

- Good command of both verbal and written English

- Ability to understand and interpret Regulations

- Attention to details and good analytical skills.

- Strong interpersonal skills and able to build and maintain relationships

- Utilizes own initiative to resolve issues. Ability to support decisions with sound reasoning.

Highly Desirable:

- Understanding of the different Lines and sub-Lines of Business.

- Knowledge on trading & Financial Markets.

Advantageous:

- Experience in a role involving understanding systems and suggesting enhancements

- Good Knowledge of MS Office