Regulatory Consultant

#R-00112961
Location
Edinburgh, United Kingdom
Contract
Permanent - Full Time
Brand
NatWest Group
Job category
1st Line Controls - Control, Oversight & Assurance
Posted
14/09/2020
Closing date for applications: 28/09/2020

Join us as a Regulatory Consultant

  • You’ll play a key role in preventing potential risks to our customers, making sure risks are identified, assessed, mitigated, monitored and reported in an effective manner
  • Working in partnership with the first line of defence and businesses, you’ll apply effective risk management, and anticipate and assess the potential impacts of risk across the bank
  • You'll be supporting the Regulatory Manager in adequately interpreting and effectively implementing Regulatory change across Supply Chain Services

What you'll do

As a Regulatory Consultant, you’ll be delivering risk management initiatives that support the effective application of the operational risk framework and conduct risk obligations, with an opportunity to improve the understanding and effective management of risk across the bank. You'll be shaping and developing Regulatory updates for executives on both known and upstream regulatory changes and their impact on the banks supply chain frameworks.

You’ll support the business in managing the risks which exist, making sure mechanisms are in place to identify, report, manage and mitigate risk within a defined risk appetite, working in conjunction with the second line of defence. You'll be establishing a Regulatory operating rhythm across the department which serves to increase regulatory knowledge and awareness and provides a forward looking view of regulatory changes and their impact on roles across the department.

Day-to-day, you’ll be:

  • Assisting the Regulatory Manager in making sure that all Supply Chain Services frameworks remain compliant to outsource based regulations
  • Delivering the interrogation and analysis of relevant management information, supporting effective risk management on the part of your stakeholders
  • Developing guidance notes, training material and content, to up-skill the broader first line of defence function and businesses
  • Supporting management in facilitating regular stakeholder meetings and key forums through the preparation and issuing of supporting paperwork and assessing regulatory impacts
  • Building and maintaining trusted working partnerships across the bank and our franchises, to inform and gather intelligence on emerging and future risks and controls
  • Developing effective stakeholder relationships with other Regulatory subject matter experts across the bank

The skills you'll need

To be successful in this role, you’ll demonstrate knowledge of how a large financial services organisation operates and bring experience of working in a first or second line of defence risk role.

You’ll also bring:

  • A clear track record of achievement and delivery
  • Knowledge of risk assessment and scenario analysis methodologies
  • Knowledge of operational risk management
  • Excellent communication skills both written and verbal and the ability to influence at all levels

If you need any adjustments to support your application, such as information in alternative formats or special requirements to access our buildings, or if you’re eligible under the Disability Confident Scheme please contact us and we’ll do everything we can to help.