APS.87.25 - Senior Regulatory Compliance Officer

Job Description

JOB TITLE

Senior Regulatory Compliance Officer

LEVEL/BAND

MM22

DEPARTMENT

Regulatory Compliance

DIRECT REPORT (JOB TITLE)

Regulatory Oversight Compliance Manager

Overall Purpose of the Position

•  To provide guidance/advice in relation to all regulatory obligations associated with the Bank's licensable activities – Banking, Investment Services and Tied Insurance.

• To ensure that the Bank's regulatory compliance obligations are met on an ongoing basis through the implementation, monitoring and review of appropriate policies, procedures and controls.

• To conduct oversight monitoring through a 'Compliance Monitoring Programme' on the various functions within the Bank to ensure compliance with regulatory requirements and follow through until the recommendations are implemented.

• To research, plan, and assist with the execution, and monitor the progress of all business initiatives by way of compliance with regulatory requirements.

• To assist in Complaints Management, Regulatory Reporting and Tax Compliance.

• To assist the DPO in relation to Data Protection matters. 

  Operational Responsibilities

•  To maintain the Unit's manual, logs, registers, and other internal records up to date.
• To review the development of existing and new products and services / marketing and relevant advertising materials.
• To execute the Compliance Monitoring Programme, by having an active role in conducting interviews, desk-based reviews, collating of relevant information and data and testing accordingly.
• Liaising with the Regulatory Oversight Compliance Manager to report and present findings/recommendations accordingly.
• To support internal compliance related training initiatives across internal Units/Departments and external as well.
• To continue to develop a sound working knowledge of the local regulatory framework and the applicable EU Directives and Regulations – as may be applicable to the specific role. This will include liaison working closely with the Regulatory Development Manager within Regulatory Compliance Unit, and external consultants – as appropriate.
• To ensure timeliness of regulatory and tax reporting by liaising with other Departments/Units for data collation and vetting.

General Responsibilities

• To effectively collaborate with other members of the team within Regulatory Compliance Unit as well as with other Units/Departments within the Bank.
•  To demonstrate an ongoing interest in Continuous Professional Development.
• To champion the ongoing development of a compliance culture within APS Bank by promoting adherence to policies, guidelines and procedures at all times.
• To perform any other duties that may be reasonably assigned from time to time.

Qualifications, Skills & Competencies

 Mandatory

 Skill

• Excellent verbal and written communication skills.

• Accountable, Organised, Meticulous and able to handle tight deadlines.

• Excellent analytical troubleshooting and interpersonal skills.

Experience

•  A minimum of two years previous regulatory compliance experience in the financial industry.

Qualification 

•  A professional qualification in a relevant area such as banking, finance, accounting, risk, compliance, or a related field.

Desirable

Skill

•  Be computer literate with MS products and familiar with conducting research on the Internet

 Experience

•  A demonstrated knowledge of the current local/EU regulatory framework.

 Qualification

•  Industry acknowledged qualifications such as the ICA Certificate in Compliance.
• Membership of or certification by a recognised body accredited in compliance would be viewed favourably.

Position level (1 being the highest level)

1. Head of Department
2. Managerial & Specialist Positions
3. Middle Management & Specialist Positions
4. Technical & Clerical Positions