Group Head of Regulatory Compliance

Role Purpose

• The Head of Regulatory Compliance shall support the Group Head, Compliance, Financial Crime and Conduct (CFCC) by working with other Risk and the Business leaders to manage the strategy and execution of the Group’s Compliance risk framework. The role supports the effective management of regulatory Compliance related risks in the Group and provides pro-active, accurate and timely advice to enable all subsidiaries operate in accordance with regulatory requirements, global best practice and applicable Group standards. The role requires good knowledge of Compliance risk frameworks, the potential sources of compliance risk and collaboration with other leaders in the first and second lines of defense to identify, assess, monitor and address such activities.

Key Responsibilities

• Support the Group Head, CFCC to implement and maintain an effective Group Compliance risk framework and provide strategic direction in how they are managed.
• Collaborate with the other stakeholders to identify, control and assess compliance risk in the Group.
• Deliver regulatory advice to stakeholders and manage second line processes to ensure privacy & law enforcement, regulatory conduct & reporting, new business & new products, customer complaints, consumer protection, customer conduct, product, product quality, data quality, data privacy compliance on an ongoing basis in all business activities and in line with Group risk appetite.
• Drive effectiveness of the Group Compliance Risk Framework by incorporating effective and practical advice into sound early-stage second line challenge.
• Support the rollout and implementation of effective Compliance training across the Group.
• Assist with the Group’s approach, including an effective Group Obligations register, for the timely identification of opportunities to enhance management and oversight of Compliance risk, and ensure appropriate action is taken by relevant parties to deliver improvements.
• Work with relevant stakeholders in the Group to ensure that the required controls to mitigate compliance risk are embedded into new products and initiatives.
• Support the Group Head, CFCC in the development and implementation of the Group Government & Regulatory Relationship Program.
• Implement a process that identifies and manages potential Compliance risk from regulatory and geopolitical changes and provides assurance that changes have been effectively embedded into the relevant Compliance business processes.
• Broaden internal and external networks and keep up to date with regulatory requirements and industry best practice to continuously improve the effectiveness of Group compliance risk management.
• Develop compliance testing plans to test that sound compliance programs are in place and effective.
• Evaluate effectiveness of available metrics and enhance or design new metrics to identify trends, patterns, or potential areas of concern.

Qualifications

Experience Requirements

• Requires 12+ years of professional experience and 5+ years of management experience.

Academic Qualification and Certifications

• Degree in Law, Business Administration, or related field
• Professional Certification such as CAMS, ICA