Regulatory Risk Job Description

Regulatory Risk Job Description

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Regulatory risk provides customer support related to margins and have the ability to answer general Clearing House related questions based on department knowledge and ability to help customers in a timely manner.

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:

Performing assessments of model governance, model validation policies and control processes and advising on best practice approaches
Ensuring timely and quality development of capability / process / infrastructure support for reporting lifecycle, data sourcing, aggregation / reconciliation, governance and control checks, substantiation, attestation, review & challenge, assumption / input / results overrides, management briefing / signoff, and documentation
Conduct daily monitoring of exception and control reports relating to the accurate and timely reporting of transactions to the regulator
The person will be part of a small team with a flat organisation structure
Design, develop, test and implement Risk & Regulatory solutions based on business requirements and strategic direction
Complete Short Interest and Portfolio Margin reporting submitted to FINRA, including data validation for accuracy
Prepare and analyze data used in submitting the Customer Margin Balances (Form R-1) report to FINRA
Assist in the compilation of 15c3-1 and 15c3-3 components such as suspense and fails reporting and possession or control
Complete ad-hoc projects in regard to new regulatory requirements to ensure that the Firm remains compliant
Assist in coordination of consolidated responses and commentary for new proposed rules / consultation papers / surveys impacting Risk Division

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:

Policies
Ability to create
Ability to effectively navigate formal and informal communication and decision-making channels
Ability to help an organization adapt to applicable federal
Ability to leverage that information in creating customized customer solutions
Ability to quantify
Ability to read
Business process improvement tools and techniques and ability to understand
Company-specific regulations
Enhance existing business

Desired experience for regulatory risk includes:

Experience of continuous process and control improvement for both efficiency and exposure reasons
Credible experience of advanced data analytics and the ability to use this to influence at the highest level
Highly commercial and understanding the need for back office and central functions to be seen to add value
Must work closely with other areas to gain appropriate support for development and implementation
The Basel Committee is continually developing and adjusting regulatory rules (Basel III) which are being implemented across the globe on different timelines
Minimum 7 years proven, progressive and broad-based banking experience including personal and commercial lending experience

Regulatory Risk Examples

1

Regulatory Risk Job Description

Job Description Example
Our innovative and growing company is hiring for a regulatory risk. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for regulatory risk
  • 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
Qualifications for regulatory risk
  • 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
2

Regulatory Risk Job Description

Job Description Example
Our company is hiring for a regulatory risk. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for regulatory risk
  • 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
Qualifications for regulatory risk
  • 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
3

Regulatory Risk Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of regulatory risk. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for regulatory risk
  • 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
Qualifications for regulatory risk
  • 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
4

Regulatory Risk Job Description

Job Description Example
Our company is growing rapidly and is hiring for a regulatory risk. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for regulatory risk
  • 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
Qualifications for regulatory risk
  • 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
5

Regulatory Risk Job Description

Job Description Example
Our growing company is looking for a regulatory risk. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for regulatory risk
  • 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
Qualifications for regulatory risk
  • 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

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