Regulatory Risk Oversight Associate

Join us as a Regulatory Risk Oversight Associate

• In this role, you’ll support NatWest Markets (NWM) in meeting their regulatory obligations and keep the bank safe.
• You’ll ensure that regulatory compliance is monitored and maintained through appropriate horizon scanning and regulatory rules mapping with control and policy assessment.
• You can expect to enjoy a collaborative and supportive culture, with a strong focus on personal and professional development.

What you'll do

As a Regulatory Risk Oversight Associate, you’ll execute and assess the risks of regulatory interpretations and business impacts of new and existing regulations, identifying control and policy gaps that impact our licence to operate. You’ll support the execution of horizon scanning and regulatory mapping toolkit, identifying and providing business impact assessments of new and changing regulatory rules.

You’ll work across upstream risk and horizon scanning processes to prioritise and deliver regulatory interpretation and mapping in line with group toolkits, including identifying opportunities to evolve the NWM upstream risk and horizon scanning processes, optimising approaches and resources globally across the first and second lines of defence. You’ll also support the control and business areas with technical interpretation of regulatory rules applicable to NWM and their impact on its operating model.

In addition, you’ll:

• Partner with key business stakeholders in the analysis and management of regulatory change and product governance.
• Support the management of our product and services governance framework, which includes oversight of product taxonomy, cross-border, and target market.
• Collaborate with senior stakeholders to develop and deliver interpretive impact assessments leading to remedial action plans where identified risks are considered out of appetite.
• Support management in identifying and assessing material regulatory risks, and in determining their impact and applicability.
• Collaborate with the Compliance and Legal teams to ensure delivery of the Markets regulatory agenda.
• Deliver high-quality MI and insights on regulatory developments, analysing regulatory risk reporting metrics to help inform decision-making.

The skills you'll need

To succeed in this role, you’ll need knowledge of key UK and EU market regulations, as well as experience in providing regulatory technical support and interpreting regulations for management. You’ll come with expertise in compliance or have experience of regulatory oversight in investment banking.

You’ll also need:

• An understanding of global markets, operations, market products, and the associated risks.
• The ability to analyse, understand, and draw sound conclusions from a wide range of sources and information, including MI.
• Experience in collaborative working, building relationships across multiple teams and levels.
• The ability to work well in a fast-paced environment and possess good organisational skills to deliver to deadlines.
• Strong analytical and communication skills.