What are the responsibilities and job description for the Senior Regulatory Specialist position at Soho Square Solutions?
The role of the US Compliance Regulatory Risk includes:
- Timely review and analysis of regulatory developments including regulatory changes issued by state and federal securities and prudential regulators and self-regulatory organizations (NYDFS, NYFRB, FRB, SEC, CFTC, FINRA, NFA, MSRB, NYSE, CME etc.,) to determine applicability.
- Timely communication of regulatory updates issued by regulators to subject matter experts within the firm that determine impact(s) and implement changes.
- Ensuring regulatory changes are appropriately actioned, including tracking and monitoring progress of impact assessments and implementation projects.
- Assist in the production of data metrics and management information required to ensure appropriate internal reporting, and oversight of the work performed.
- Assist in drafting regulatory obligations.
- Mapping relevant regulatory obligations to the risk taxonomy.
- Complying with external regulatory requirements and expectations; internal control standards; Group, Americas, IHC and Operating Entity policies, procedures and standards with regard to Regulatory Identification and Change Management program as appropriate.
LRR updates and regulatory obligations mapping to policies and procedures and controls responsibilities include:
- Maintaining a process to update the US Regulations Library
- Coordinating with stakeholders and SMEs including Compliance and business lines
- Monitoring end-to-end obligation mapping to policies, procedures and controls
- Reporting mapping gaps/progress
Minimum Required Qualifications:
- 3 to 5 years experience working for a financial services firm and/or self-regulatory organization in Compliance, Risk, Regulatory roles and /or data analytics roles.
- Comfortable reading and interpreting regulatory notices and changes from regulators, including but not limited to, state/federal prudential regulators in the US, self-regulatory organizations and exchanges (NYFRB, FRB, SEC, CFTC, FINRA, NFA, MSRB NYSE, CME, etc.,) that are applicable to the businesses of a foreign banking organization’s businesses, processes and operations (investment banking, corporate banking, markets activities, bank regulatory matters etc.,).
- Presentation and reporting skills including MS Excel, SharePoint, Word, and PowerPoint.
- Strong knowledge of data analytics, working with structured and unstructured data.
- Experience with visual analytics tools (PowerBI, Tableau and/or other tools).
- Strong execution skills with the ability to work successfully under demanding deadlines.
- Team player with the ability to work collaboratively with front, back office and Compliance stakeholders and senior management.
- Strong communication skills including proficiency in writing concise and substantive commentary to summarize results.
- Strong attention to detail.
- Problem solving skills.
- Knowledge of corporate and institutional banking laws, rules, regulations, supervisory guidance, and industry best practices.
- BA or BS Degree a must.
Preferred Qualifications:
- Understanding regulatory notices and changes from regulators, including but not limited to, state/federal prudential regulators in the US, self-regulatory organizations and exchanges (NYFRB, FRB, SEC, CFTC, FINRA, NFA, NYSE, etc.,) that are applicable to the businesses of a foreign banking organization’s businesses, processes and operations (investment banking, corporate banking, markets activities, bank regulatory matters etc.,).
- Ability to review regulatory obligations in relation to policies and procedures
- Ability to navigate effectively in transformational environments.
