Manager - Country Regulatory Affairs
We have been retained by our client, a MNC bank to identify a "Manager - Country Regulatory Affairs" to be based at Mumbai.
The role:
• To handle 80% of operational duties, 10% of reporting and 10% of stakeholders relations.
• To ensure all relevant EM policies and procedures are rolled out and embedded across the business.
• To support the EM businesses in implementation of a risk-based approach to compliance.
• To assist EM business in their development of compliance monitoring and review programmes, and ensure robust delivery against policy.
Operational duties – 80%
Outputs:
• To compile and adhere to annual coverage plan based on compliance risks identified.
• To compile risk management plans for all core and high risk compliance requirements.
• To enhance and promote a compliance culture through awareness activities.
• To achieve the compliance coverage plan as contracted with the head of regulatory affairs and head of compliance.
• To advise business on compliance issues and providing of compliance opinions.
• To ensure that business addresses concerns raised by the Regulator or delivers on commitments made to the Regulator.
• To implement and comply with BIA Audit recommendations.
• To follow up on any compliance related findings or action items.
• To facilitate the regulatory change process in the business and proactively follow up changes.
• To advise business on any changes in set standards or local requirements (throughout the year).
• To identify business impact for new regulatory requirements and escalate upwards as necessary.
• To act as point of contact between business and the regulators.
Reporting – 10%
• To manage the full reporting process, findings and appropriate recommendations for improvement as required.
• To deal appropriately with compliance issues and escalate issues in an appropriate manner to the relevant persons.
• To maintain a formal record of minutes of all meetings held (by the compliance officer or business) with the regulator
• To produce quality reports with issues identified with supportive business focused recommendations, and submit to senior management and the head of compliance.
• To complete compliance returns and regulatory change report (monthly).
Stakeholder Relations: 10%
Outputs:
• To keep the head of regulatory affairs and head of compliance informed on compliance matters which may pose financial or reputational risks for the business.
• To attend relevant in country meetings, and assist forums in identifying and comprehending the regulatory compliance risks.
• To ensure timeout provision of information to regulators.
• To communicate regulatory issues or concerns with internal stakeholders and line management.
• To develop and implement programme of regular meetings with internal stakeholders (quarterly formal meetings).
• To assist business to draft correspondence and presentations to the regulator.
• To ensure to always improve on communications with business through innovative thinking and approaches in line with Barclays expectations.
Interested candidates should be Graduates with 3 - 4 years of experience in compliance, preferably with an international exposure and should have knowledge of:
• Current and anticipated UK, European and other countries' requirements and supervisory expectations.
• Practice in policy setting and roll out.
• In depth knowledge of functional areas and products and services offered.
• Ability to communicate effectively, orally and in writing, with senior internal and external audiences – to educate, persuade, negotiate, gain decisions, enforce.
• Ability to influence senior management.
• Ability to take initiative and work with minimum supervision but ensuring, at the same time, that the line reports are kept fully informed at all times.
• Ability to consider issues from a range of angles and propose creative solutions that assist the business in achieving its goals in a safe, compliant and controlled manner.
Interested candidates meeting with the above requirements should send their resumes to: resumes@csplsearch.com in word format only.
For more exciting career opportunities, visit us at http://www.csplsearch.com
Contact: Anil Matal
Corporate Search & Placements Pvt. Ltd.
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