Regulatory Change Manager

Posted 13 July by HR GO Recruitment Easy Apply

This role is critical in supporting the banks awareness of, and compliance with current, new and changing banking regulation. The role reports to the Head of Compliance & Legal and has extensive liaison with all parts of the banks activities in the UK and across the international Group.

The primary objectives for the Regulatory Change Manager are:

  • Maintaining and providing our management group and businesses with a forward-looking view of the regulatory landscape and reporting on new and changing rules as they may apply to the bank and its business units;

  • Interpreting regulatory announcements and assessing the impact of these changes for our business. The nature of the Group means that close focus must be brought to cross-border aspects of new UK and European regulation to ensure impacts for the Parent Bank are identified

Main Responsibilities & Accountabilities:

This role is critical in supporting the banks awareness of, and compliance with current, new and changing banking regulation. The role reports to the Head of Compliance & Legal and has extensive liaison with all parts of the banks activities in the UK and across the international Group. The primary objectives for the Regulatory Change Manager are:

  • Maintaining and providing our management group and businesses with a forward-looking view of the regulatory landscape and reporting on new and changing rules as they may apply to the bank and its business units;

  • Interpreting regulatory announcements and assessing the impact of these changes for our business. The nature of the Group means that close focus must be brought to cross-border aspects of new UK and European regulation to ensure impacts for the Parent Bank are identified and escalated;

  • Undertaking formal impact and gap analysis reviews for specific rule changes. As a part of these rules, the Regulatory Change Manager will develop recommendations and actions plans for the businesses that are affected by the changes;

  • Providing close oversight and ongoing input to regulatory change projects. This involves liaison with all the bank and 3rd stakeholders, reporting on progress, escalating concerns and offering guidance and practical advice on compliance with new regulations.

Whilst the Regulatory Change Manager role focuses on banking business compliance, this role must be capable of supporting all aspects of the wider Compliance programme when required. This may extend to consideration of prudential compliance, financial crime control, conduct risk management, Compliance Operations, etc. It also engages with the delivery of the annual Compliance Monitoring Plan through delivery of periodic business and regulatory thematic reviews, ad hoc control assessments, walkthrough testing, policy reviews, etc.

Other responsibilities of this role include:

  • Ongoing monitoring of newly implemented regulatory compliance projects. Key areas of focus throughout 2018 will include compliance and assurance review of MiFID II, EMIR, Market Abuse Regulation, PSD 2, and GDPR;

  • Responsible for delivering key and complex projects within the organisation. A very hands-on role working with the business to implement changes required;

  • Report on status and monitor the day to day execution of the change programme;

  • Oversee the policy framework, particularly in respect of new and changing regulations, and ensure policy documents and guidance notes are current and available to all stakeholders;

  • Provide bank-wide training to all staff as required and assist in identifying compliance-related training needs in the Bank;

  • Responding to ad hoc requests for Compliance assistance from business stakeholders to support the practical application of Compliance and regulatory policies;

  • Develop and maintain strong relationships with other departments;

  • Refer issues to your line manager as required;

  • Assist in all other tasks, periodic, ad hoc or otherwise, as directed by the Head of Compliance & Legal.

Reference: 35630400

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