Need someone who is LLB/LLM with regulatory compliance experience

Purpose of the role:

To ensure that the financial services regulation activities are conducted in compliance with applicable laws and regulations, and to help the bank manage legal and regulatory risks associated with these activities.

Accountabilities:

- Development and implementation of best practice legal strategies for risk management and compliance.

- Legal advice and support to the business on regulatory affairs, including regulatory compliance, risk management, and transactional matters.

- Subject matter support in the Legal department's representation of the bank in legal proceedings related to regulatory matters, such as litigation, arbitration, and regulatory investigations.

- Review of relevant legislation and regulation and creation and review of legal documents, where applicable, to ensure compliance with applicable laws and regulations.

- Legal research and analysis to stay up to date on changes in laws and regulations that may impact the bank's operations.

- Developing and delivering training programmes to educate employees on applicable legal and regulatory requirements related to the bank's operations.

- Pro-active identification, communication, and provision of legal advice on applicable laws, rules and regulations (LRRs). Keeping up to date with regards to changes to LRRs in the relevant coverage area. Ensuring that LRRs are effectively allocated to, and adequately reflected within, the relevant policies, standards and controls.

Assistant Vice President Expectations:

- To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.

- Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes

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- Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.

- Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.

- Take ownership for managing risk and strengthening controls in relation to the work done.

- Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.

- Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.

- Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.

- Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.

- Influence or convince stakeholders to achieve outcomes.

Accountabilities:

The role holder will work collaboratively with ' Business and Chief Controls teams as well as Risk and Compliance, on the sustainable implementation and embedment of roles and responsibilities for lawyers in relation to LRR Risk.

This will include:

- Assisting with the development, management and maintenance of the LRR Inventories.

- Assisting with the maintenance and operation of Legal Procedures relating to LRR Risk management, including the LIM team's Global Inventory Procedure.

- Creating and producing appropriate MI to senior governance forums.

- Developing knowhow in relation to the activities of the LIM team and in relation to new LRRs.

- Providing feedback and input required to Technology for the functionality of the databases housing the LRR Inventories.

- Providing input to data governance and quality control requirements in relation to the LRR Inventories.

- In collaboration with the Legal Learning and Development Lead, supporting training of colleagues within the Legal function globally in relation to LRR Risk management and the role of the Legal function in LRR Risk management.

- Supporting collaboration across the Legal function globally to enhance the consistency of LRR interpretation.

- Providing support to lawyers within the Legal function globally on remediation activity relating to LRR Risk.

- Collaborating across the Legal function globally, as well as with stakeholders across the organization, to ensure that LRRs are effectively allocated to, and adequately reflected within, relevant policies, standards, and controls.

- Supporting across a range of special projects, remediations and enhancements in LRR interpretation and controls.

- Supporting in the creation of an effective LRR risk and control culture, reinforcing the importance of effectively managing and escalating LRR Risk as well as supporting the Chief Controls Office, Compliance and Internal Audit functions in relation to their oversight of the same.

Essential Skills/Basic Qualifications:

- Experienced paralegal, qualified lawyer (or equivalent) and/or experienced Compliance officer preferred.

- We will also consider candidates with experience in data handling and management, including candidates with the ability to analyse, interpret and validate data; perform quality control on large volumes of data; create MI based on business needs; and read and understand data at both macro and micro level.

- Experience working in the financial services sector within a Legal or Compliance function, or similar.

- Strong capabilities in identifying and tracking issues or themes arising through processes which the LIM team are engaged in.

- A strong background in the creation of, and curiosity for enhancing, controls and procedures within an organization.

- An ability to identify improvements to a risk and control framework and providing appropriate challenge.

- Ability to assimilate information quickly as well as synthesize insights and inputs from across multiple workstreams and teams on a complex subject matter. Ability to form impartial, effective, and strategic conclusions.

- Ability to deliver consistently and to a high standard against a broad range of competing priorities and to plan and manage a portfolio of multiple tasks/projects through to completion.

- Displays strong interpersonal and communication skills. The ability to build and manage an effective internal and external stakeholder network.

- Excellent Excel and SharePoint skills, confident using Microsoft Office suite.

Desirable skills/Preferred Qualifications:

- Experience engaging with senior stakeholders and/or supporting legal professionals.

- Good understanding of a risk and control framework (including, if applicable, LRR Risk Management framework) and of the legal and regulatory landscape within which operates.

- Makes recommendations for, and can implement, change.

- Proactively collaborates across different teams and geographies both within and beyond the Legal function.