Senior Regulatory Developments Manager - Edinburgh

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.