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This role is based in the Isle of Man and as such all normal working days must be carried out in the Isle of Man.
Join us as a Regulatory Affairs Support Officer
- We’ll look to you to be a key member of our Risk team and be responsible for upstream regulatory risk management
- You’ll be independently and collectively engaging in active horizon scanning of new regulatory risks, as well as supporting the end-to-end upstream risk processes and delivering effective risk management
- This is an opportunity to gain great experience in regulatory risk management and exposure as you maintain positive and effective working relationships with stakeholders across risk, our bank, and the wider group
What you'll do
As a Regulatory Affairs Support Officer, you’ll be responsible for regulatory horizon scanning, working with others across the organisation to critically evaluate its impact before escalating accordingly.
Additionally, you’ll actively contribute to the effective management of upstream regulatory risk and its impact on business activities and internal policies. You’ll also track regulatory change through to compliance and positively contribute to maintaining a good risk environment.
You’ll also be:
- Ensuring a clear articulation and understanding of roles and responsibilities between first and second lines of defence
- Providing regulatory expertise and delivering successful outcome of reviews
- Promoting early engagement with the appropriate teams where any upstream regulatory risk is identified, considering impact on policy, activity, and business strategy
- Making sure that all updates to processes and procedures following regulatory change are mapped effectively
- Providing insight into regulatory change, working with the business to gain their trust, confidence, and respect
The skills you'll need
To succeed in this role, you’ll need good knowledge of local regulation, legislation, and codes of practice, relevant to appropriate licenses held, and the ability to interpret these to support policy and procedure development.
In addition, you’ll hold a relevant risk, governance, and compliance qualification, such as an ICA Graduate Diploma. And you’ll need knowledge of the banking sector, covering retail, business, large corporate, trust funds and depository customer segments, as well as the ability to source and assess multiple data and information points to help make risk-based decisions and solutions.
You’ll also demonstrate:
- Excellent analytical and evaluation skills
- The ability to work with colleagues at all levels, with good listening and questioning skills, influencing, leading, and facilitating dialogue
- Experience of report writing at all levels, including executive and board and the ability to verbally deliver and discuss the content
- Experience of working within the financial services industry
- An understanding of offshore regulatory requirements, including their practical application
- Previous involvement in project implementation and representation on relevant work streams