PROFESSIONAL SERVICES RECRUITMENT - The best appointment you'll make

Senior Regulatory Developments Manager - Edinburgh

£72,000 plus benefits - Financial Services - Accountancy & Finance
Ref: 1894 Date Posted: Tuesday 18 Jan 2022
LinkedIn ShareShare

 

 

Senior Regulatory Developments Manager – Edinburgh (can flex on location across the UK if required)

 

This role will work to a flexible hybrid model.

 

Description

 

To identify, analyse, communicate and track to completion regulatory developments from UK and European bodies.

 

Specific Role Responsibilities

 

Regulatory Development Management

 

 

  • Identifying regulatory developments that impact our client’s business.
  • Maintaining a regulatory developments tracker to provide an audit trail of regulatory developments.
  • Maintaining an ongoing pipeline of regulatory developments.
  • Drafting detailed impact assessments of the regulatory developments.
  • Providing training to the business as required on the regulatory developments.
  • Communicating regulatory developments to the appropriate functions.
  • Liaising closely with the Regulatory Change Project Manager and Solution Consultants /Project Managers in relation to developments that will impact technology to ensure that appropriate solutions are designed. 
  • Approving build design documents that relate to regulatory developments.
  • Assisting the business to embed regulatory developments into processes and controls.
  • Creating/amending Compliance policies and procedures and inputting to the Compliance Manual as required to ensure continued compliance with regulatory requirements and communicating those changes to the business.
  • Communicating regulatory developments to clients via:
  • Client Assurance Summaries
  • Meetings with clients
  • Other direct communication with clients
  • Liaising with Client Directors, Relationship Managers and client project teams
  • Ensuring a complete suite of MI is available across the business, set at the appropriate level for each forum, to enable risk-based business decisions to be made, and to provide governance committees with a clear line of sight of the key regulatory developments that may impact the strategic objectives of the business.

 

 

 

Managing direct reports

 

 

  • Managing the Senior Regulatory Development Analyst, to ensure that:
    • they are coached and make use of other available training so that they have the appropriate technical skills and knowledge to carry out their role
    • they are assigned appropriate work
    • regular meetings are held to discuss and monitor performance, set challenging objectives and keep them under review
    • performance appraisals are carried out to the frequency required

 

 

Managing Relationships

 

 

  • Providing support to key business stakeholders in implementing regulatory developments that will impact on the business’s regulatory permissions ensuring that:

 

  • Senior management and employees understand the developments that will impact on their areas and the timelines for those changes
  • Appropriate changes are made to systems, processes and controls

 

  • Providing support to key business stakeholders in implementing regulatory developments that will impact on the business’s offerings ensuring that:

 

  • Senior management and employees understand the developments that will impact the offerings
  • You work closely with employees to assist in the development of appropriate technology and operational changes to ensure continued compliance of its offerings with appropriate regulations
  • Client Directors / Relationship Managers are aware of the regulatory developments that may impact their clients and answering any questions they may have on the regulatory developments
  • Relationships are built and maintained with the appropriate personnel at the business’s clients to ensure the correct level of communication and discussion of regulatory developments affecting offerings
  • Working as required with the Risk function to ensure regulatory development risk is adequately captured within the Global Risk & Control Framework.

 

 

Team working

 

 

  • Sharing ideas to enhance cross-team learning and business development.
  • Communicating regulatory developments to the team so that they are aware of changes impacting the business, timescales involved and progress in implementing changes.
  • Support propositional development by identifying and flagging upcoming regulatory change items which may present propositional opportunities
  • Building and maintaining relationships with internal and external parties.
  • Supporting the team’s efforts to succeed.
  • Balance team and individual responsibilities.
  • Exhibit objectivity and openness to others' views.

 

 

Maintaining operational and company standards

 

 

  • Supporting the company’s goals and values.
  • Encouraging and driving quality and continuous improvement of processes used across the business.
  • Ensuring practices are compliant with regulatory bodies’ expectations.

 

 

 

 

Personal Effectiveness

 

 

  • Taking ownership for workload and being proactive in approach.
  • Ability to identify regulatory changes that will impact the business.
  • Strong communication skills, using appropriate language and style of communication that is relevant to the situation and circumstances to influence.
  • Strong audit/record-keeping skills.
  • Ability to work under pressure.
  • Ability to prioritise and re prioritise work and manage service delivery targets within tight constraints managing time effectively.
  • Demonstrating sufficient self-awareness to identify personal strengths and areas for development.
  • Ability to analyse and problem solve.
  • Calm, reasonable and professional manner.
  • Flexible to change, eager to improve and develop new skills.

 

Performance Assessment

List of measures which will be used to grade on-going performance in this role

 

 

Experience required

 

  • Significant previous experience in a senior regulatory development role.
  • Extensive knowledge of FCA (including SYSC and COBS) requirements.
  • Good working knowledge of Pension products and Individual Savings Accounts would be desirable.
  • Good understanding of on-shored European legislation, particularly MiFID II, and awareness of relevant future developments desirable.
  • Experience of both front and back office investment operations functions potentially through 2LOD role.
  • Professional or industry qualification such as CISI or IMC desirable.
  • Excellent communication, relationship management and influencing skills.
  • Ability to build and maintain effective internal and external relationships.
  • Ability to analyse, present and report regulatory information to senior stakeholders in a clear and concise manner.