Regulatory Risk Job Description
Regulatory Risk Duties & Responsibilities
To write an effective regulatory risk job description, begin by listing detailed duties, responsibilities and expectations. We have included regulatory risk job description templates that you can modify and use.
Sample responsibilities for this position include:
Regulatory Risk Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Regulatory Risk
List any licenses or certifications required by the position: CISM, CISA, CISSP, CRISC, CRCM, FRM, CFA, PMP, NSQIP, ACS
Education for Regulatory Risk
Typically a job would require a certain level of education.
Employers hiring for the regulatory risk job most commonly would prefer for their future employee to have a relevant degree such as University and Bachelor's Degree in Finance, Education, Accounting, Business, Economics, Military, Management, Law, Mathematics, Computer Science
Skills for Regulatory Risk
Desired skills for regulatory risk include:
Desired experience for regulatory risk includes:
Regulatory Risk Examples
Regulatory Risk Job Description
- Attend working groups to discuss and review new and changes to existing rules and regulations
- Support thematic analysis on emerging regulatory trends and preparing documentation for senior management and governance forums
- Knowledge of Financial Risk Management Functions and Banking Regulation
- Experience in a Regulatory, Compliance or Risk function
- Play a key role in the Future State Metrics, Measurement and Reporting work stream (MMR) that will have a major bearing on the Future State risk reporting
- Drive the risk reporting processes on a cadence to meet risk reporting requirements
- Providing RRC specialist support to the operational CIO areas during the audit/regulatory lifecycle, particularly, working with CTO SMEs over audit report findings and potential risks/issues, constructing Management Action Plans (MAPs) and agreeing SMART closure criteria with auditors
- Reviewing all CTO MAPs to ensure that they have SMART MAPs and in conjunction with the CTO Strategic Technical Assurance team, ensuring that solutions align with strategic programmes
- Acting as a first point of contact for RRC requirements coming into CTO, in order to clarify requirement, agree how they will be addressed and to ensure clear ownership of how the requirement will be addressed
- Maintaining the CTO RRC plan inbound audits/inspections, in order to identify the ownership of audits, fieldwork status, MAP development status, draft report status and the management/monitoring progress against MAPs
- Mathematical skills with the ability to convert words into rule coding
- 5+ years experience in the Risk department of a major international bank with a strong focus on the specifics of market risk, stress testing, VaR analysis, backtesting and models
- 3+ years familiarity with the market risk controls and governance
- Looking for a senior candidate with Regulatory Compliance and Audit experience
- Qualifications /education, Degree and/or Post Graduate or equivalent
- Exposure to Risk Management/ Regulatory Reporting/ Regulatory interaction
Regulatory Risk Job Description
- Performs compliance/monitoring reviews to ensure compliance with applicable laws, regulations and bank policies and documents findings
- Able to show project management experience, in delivering IT or IT enabled business change
- Able to show IT Finance and/or IT Risk process knowledge, with experience and an understanding of the risks and regulatory requirements in business functional areas including IT, risk and finance
- Resilient under pressure and able to deliver quality results in a targeted manner
- Able to show an understanding of business processes, based on a proven industry track record, preferably within IT and a good understanding of the compliance, legal and regulatory affairs area
- Anticipate regulators’ areas of interest, opportunities and hotspots
- Proactively monitor client and operational risks across GTB including client screenings, NPAs, high risk incidents
- Oversee the GTB risk and control self assessment process including the identification of risks and control gaps
- Interface with internal and external stakeholders and regulatory bodies and provide transparent regulatory MIS and reporting
- Provide guidance and education on regulatory and risk matters to ensure high operating standards
- Ability to recognize both internal and external credit risk issues
- A highly motivated and proactive individual who takes ownership of his/her tasks and projects
- Understands the wider framework to which their work applies and seeks to add this context to their work
- A great collaborator (enjoys working with people to achieve a common goal) - active participation in working groups and committees
- Previous role related to UK PRA regulated institution, with Advanced model approval
- Direct credit risk manager experience
Regulatory Risk Job Description
- Create & monitor ongoing review, assessment activities as needed Policy changes, new operating groups
- Manages horizontally across the organization the functional projects of multiple risk initiatives
- Coordinate cross-entity Risk response to regulatory exams, reviews, updates and information requests
- Ensure comprehensive and consistent Risk information, theme and messaging to all regulators for all businesses
- Manage overall Risk related communications and relations with regulators to ensure understanding of issues and points of interest
- Communicate regulatory issues across region and project best practices and resolutions to ensure regulatory issues are addressed comprehensively throughout the region
- Provide consolidated, expert information on Risk related regulatory issues to Americas CRO and senior management
- Keep abreast of relevant regulatory developments related to Risk and ensure appropriate dissemination
- Ensure consistency in response and messaging including validation with management
- Maintain insight into changing regulatory and/or agency guidance/directives
- Strong working knowledge of the regulations and standards of relevant industry bodies and organisations
- Advising the regional head of compliance (with business-embedded compliance) about new product/business approvals (relating to equity and fixed income securities trading businesses, funds management, lending, equipment leasing, investment banking)
- Will come from a banking or consultancy background with expertise in the following areas
- Bachelor's Degree in Risk-related field (Accounting, Business, Economics, Finance, Math/Stat, Operations Research, with Quantitative underpinning) with minimum 8 years of relevant Risk or Finance experience
- Lead the team in monitoring all qualification developments in a planned programme of activity against key criteria, ensuring that procedures and quality standards are maintained
- The ability to use a wide range of analytical tools project planning techniques
Regulatory Risk Job Description
- Collaborate with risk, legal, compliance, actuarial, asset management, finance and other stakeholders to implement the ORSA process / framework throughout the organization, on a global basis
- Performing analyses to help address real-time demands of senior members of the team, Market risk (Global Exposure/Leverage), Liquidity, Counterparty and Operational risk analysis
- Functions as a representative of the Quality Team by identifying, monitoring, evaluating, educating, and making recommendations for improving processes affecting the prevention and reduction of risks to patients, staff, and visitors
- Serves as lead analyst to facilitate focused investigations of risk events with the development of appropriate process improvement plans
- Will be responsible to trend and report data related to risk management and patient and staff safety
- Will function as the sole representative and presenter at Network meetings
- In addition to risk responsibilities this person also participates with regulatory/accreditation and licensure activities, education, culture of safety, infection prevention, quality and compliance
- Functions as a member of the Quality Team as an expert resource in Risk Management
- Facilitates the prevention and reduction of risks to patients, staff, and visitors by identifying, monitoring, evaluating, educating, and making recommendations for improving processes
- Will function as a representative and presenter at Network meetings
- Experience of working successfully in different cultures in a sensitive manner in order to create strong relationships with senior leadership
- Provides direction and requirements to the compliance MIS teams
- Ensue that efforts are prioritized to meet long and short term deliverables regulatory commitments
- 8 years proven and progressive financial services operations, compliance and IT management
- Wide scope of knowledge of all Bank businesses and support units including products, operations, systems and organization and understanding of compliance requirements applicable to the businesses
- Licensed FINRA Operations Professional (Series 99), or any related licenses is desired
Regulatory Risk Job Description
- Facilitates and maintains an Infection Prevention program that meets the regulatory standards of accrediting and licensure agencies
- Coordinate with Group and Operating Entity personnel in assessing and maintaining the ACGL Risk Management Framework and ensuring adherence to industry best practices
- Assist in conducting Group and Operating Entity risk assessment activities and monitor corresponding Risk Register updates
- Monitor adherence to Group Risk Governance practices, including Risk Policy formulation and updates
- Coordinate the aggregation of Group risk information in order to identify, assess, monitor, and treat risks in one central solution
- Assist in establishing core Risk governance elements in new Arch entities and advise local Risk Committees on risk management trends and developments
- Coordinate relevant stress testing analyses and participate in ORSA processes and reporting
- Provide input to the capital assessment processes
- Liaise with the Bermuda Monetary Authority (“BMA”) and other regulatory bodies and provide regulatory advice to Group and Operating Entity management
- Support Technology Risk Governance programs for deep dives, integrated control function calendars, challenge functions, fraud risk, framework analysis, and other programs, with research, documentation, tracking and monitoring of technology risk activities
- Four-year college degree or equivalent combination of education, training and work experience is required
- The SQL Developer/Analyst will also need to be able to work effectively with business users to understand the nature of requests, define and address ambiguous requirements, and ensure accurate information delivery
- Identify, escalate and report on, material issues arising in conduct risk and from regulatory developments as required (including within the RC functions) to relevant management and to ensure incorporation of those issues and developments into relevant RC activity (including policy work, risk assessments )
- Ensure appropriate reporting to the Global Head of Conduct Compliance (GHCC) on conduct risk related matters (including development and implementation)
- Foster collaboration and sharing of best practices in policy drafting, controls, monitoring, training and communication among all FCC/RC sub-functions
- Seasoned professional with experience in senior risk compliance roles, ideally to include Regulatory Compliance experience