Regulatory Compliance Specialist

Roles and Responsibilities

• Assist in executing the annual GC Plan
• Assist in executing end to end operational Regulatory Compliance (RC) activities

Group Compliance organization set-up:

• Ensure compliance to the approved Group Compliance processes, P&Ps during the execution of compliance engagements
• Support the Director in administrative tasks (organizing department files, meetings etc.)

Monitoring and Reporting:

• Ensure the implementation of RC activities using a risk-based approach.
• Perform a periodic risk assessment of Regulatory Compliance obligations by the Group.
• Perform and complete the RC activities incorporated in the annual approved Compliance plan.
• Create, review and finalize agreed upon RC engagements ensuring their satisfactory closure in a timely manner.
• Ensure the appropriate documentation of all RC matters in a systematic and accurate manner.
• Support line manager to conduct requested Group Compliance related activities.
• Gather data and draft presentations/materials for submission to the Board, Audit Risk and Compliance Committee (ARCC) and senior management where applicable
• Experienced in developing regulatory compendiums/repositories and mapping them to the process owners

Implementation of GC Plan:

• Ensure implementation and monitoring of a risk-based RC program across the Group
• Maintain Regulatory Risk Compendium for the Group as well as its subsidiaries
• Develop Risk Methodology based on the Risk-based approach
• Map to the process owners
• Execute the Regulatory Compliance monitoring plan/program (quarterly audits)
• Conduct/Validate goAML assessment for all the subsidiaries across the group
• Draft/Review/roll-out P&Ps after seeking relevant stakeholders approvals
• Provide support to other Compliance champions in the team
• Oversee & manage outsourced compliance activities as applicable

Related Years of Experience: Min of: 8 years of experience in Regulatory Compliance. With experience in project management preferred

Field of Experience:

• Real Estate or Banking Sectors (compliance department), Consultancies
• Experience in a legal background is a plus

Desired Candidate Profile

1. Compliance Program Development: Designing and implementing comprehensive regulatory compliance programs that align with industry standards and organizational goals.

2. Regulatory Monitoring: Staying up-to-date with changes in regulations and laws that affect the organization and assessing their implications.

3. Risk Assessment: Conducting regular compliance risk assessments to identify potential areas of exposure and developing strategies to mitigate risks.

4. Policy Development: Creating, reviewing, and updating internal policies and procedures to ensure compliance with regulatory requirements.

5. Training and Education: Developing and delivering training programs for employees to promote awareness of compliance requirements and ethical standards.

6. Internal Audits: Conducting compliance audits and assessments to evaluate adherence to regulations and internal policies.

7. Reporting: Preparing and presenting compliance reports to senior management and regulatory authorities, highlighting findings and recommendations.

8. Stakeholder Collaboration: Working closely with other departments (e.g., legal, finance, operations) to ensure a cohesive approach to compliance across the organization.

9. Investigations: Overseeing investigations into compliance violations or concerns, ensuring appropriate corrective actions are taken.

10. Culture of Compliance: Fostering a culture of compliance throughout the organization by promoting ethical behavior and accountability.

Skills:

1. Regulatory Knowledge: In-depth understanding of relevant laws and regulations applicable to the organization’s industry (e.g., financial services, healthcare).

2. Analytical Skills: Strong analytical abilities to assess compliance risks and develop effective mitigation strategies.

3. Attention to Detail: High level of accuracy and thoroughness in reviewing policies, procedures, and compliance documentation.

4. Communication Skills: Excellent verbal and written communication skills for effectively conveying compliance information to various stakeholders.

5. Problem-Solving: Strong problem-solving skills to address compliance challenges and implement effective solutions.

6. Leadership: Proven leadership skills to manage compliance teams and foster collaboration across departments.

7. Project Management: Ability to manage multiple compliance initiatives and projects simultaneously while meeting deadlines.

8. Interpersonal Skills: Strong interpersonal skills to build relationships with internal and external stakeholders.

9. Training and Development: Experience in designing and delivering training programs related to compliance and ethical standards.

10. Ethical Judgment: Strong commitment to ethical standards and the ability to navigate complex regulatory environments.