VP, Regulatory Compliance Enterprise

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Key Accountabilities

Job Specific Accountabilities

Regulatory Horizon Scanning2. Continuously monitor and identify upcoming regulatory changes that may affect the bank.
Conduct regular horizon scanning for new regulations, guidelines, and financial services industry standards.
Keep internal stakeholders informed of potential regulatory changes and provide early warnings where necessary.
Prepare reports for senior management highlighting key upcoming regulations and regulatory changes.
Review of Draft Regulations7. Analyse draft regulations and provide impact assessments to ensure that the bank is aware of future regulatory requirements.
Work closely with legal and business units to assess the implications of new and draft regulations on the bank's operations, products, and services.
Provide feedback and recommendations to the Head of Regulatory Compliance and other team members within the Regulatory Compliance team regarding regulatory changes and their potential impact.
Regulatory Gap Analysis11. Conduct regulatory gap analysis to assess the bank’s current compliance levels against new or evolving regulations.
Identify areas of non-compliance or improvement within the bank’s current policies and procedures and notify the same to the Head of Regulatory Change and Risk Management.
Collaborate with business units and other compliance colleagues to develop plans to address any gaps and ensure alignment with regulatory requirements.
Regulatory Initiatives Implementation15. Oversee the implementation of regulatory initiatives across the bank by coordinating with relevant stakeholders.
Monitor the progress of regulatory implementation projects and report any delays or issues to the Head of Regulatory Compliance.
Centralised Tracking of Regulatory Projects18. Collaborate with CPMO on progress updates of their centralised tracking for all regulatory projects within the bank.
Ensure that CPMO adequately document and track all regulatory projects (including overdue projects and action plans) from initiation to completion.
Provide regular updates and reports on the status of regulatory projects to senior management and Regulatory Compliance Team.
Overview of Regulations Tracking and Reporting22. Oversee the tracking of ongoing and upcoming regulations, ensuring that the bank is compliant with all current regulatory requirements.
Prepare and deliver regular reports to the Head of Regulatory Compliance and other stakeholders, summarising regulatory developments, key risks, and the status of compliance initiatives.
Ensure that all regulatory changes are communicated clearly and promptly to the relevant internal stakeholders.
Stakeholder Engagement
Build strong relationships with internal and external stakeholders, to ensure effective collaboration on regulatory changes.

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