Regulatory Risk and Oversight Specialist

Regulatory Risk and Oversight Specialist

The Regulatory Risk Management team is responsible for the governing frameworks and accountability models that are in place to assess and understand current regulatory obligations, mitigate regulatory risk, and enable compliance with new and existing regulations. The team focuses on the development, adoption and oversight of activities, framework and accountability models related to the management of regulatory risk across the business and supports this mandate across four key pillars:

Regulatory Framework & Governance, Regulatory Change Oversight, Regulatory Risk Management Regulatory Strategy & Sustainability

The role supports the North America Regulatory Risk Management Lead to identify and oversee areas of regulatory change and remediation, working alongside other Regulatory Risk Management Specialists and the 2LOD to ensure alignment on implementation and regulatory sustainability in BAU. This role will also support the reporting of regulatory risk management readiness and areas of potential risk to senior business leaders.

The key responsibilities of the role include:

• Actively support the embeddedness of the regulatory change framework and relevant regulatory accountability models across the business.
• Partner with relevant regulatory stakeholders within the business and across all Lines of Defense to understand the applicability of the regulatory landscape, understand how regulatory risk is managed and support requirements to adhere to applicable regulations.
• Collaborate with operational leaders to quickly identify and create effective and sustainable solutions for resolving regulatory risk issues.
• Contribute to the production and review of appropriate Regulatory Risk Management metrics, ensuring their accuracy and relevance in supporting the Regulatory Risk Management strategy.
• Identify, validate and oversee remediation of “hotspot” areas of regulatory risk impactin