Regulatory Changes Identification Lead

The Regulatory Change Identification Lead (“ID Lead”) will serve as the primary responsible party for monitoring Regulatory Changes (“RCs”) issued by regulatory authorities as defined in RM Scope in the RM Procedures. ID Leads will identify RCs through multiple channels including, but not limited to, monitoring websites, direct email notification from a regulator, and paper correspondence. Further, ID Leads will work with a third-party subscription service/vendor (via a law firm or aggregator services) to review the RCs identified by the vendor in the External Source Intake queue for assignment for applicability determinations. Upon identification of a RC, ID Leads will create RC records. In instances where an ID Lead is also the RCA (non-NAM jurisdictions), the ID Lead will preliminarily assess the RC to identify Assessment Units (“AUs”) that may be impacted by the RC and the associated ICRM Regulation Coverage Leads. For RCs categorized as potential extra-territorial regulations (“ETRs”), the RC will automatically route to the Global ETR RCA Unit (managed by 2nd Line of Defense) and will be assigned to the Global & appropriate Regional RCA for review at an ETR Governance Forum. The output of the forum will include a determination if the RC is an ETR and guidance on how to interpret applicability which will be appended to the RC record for reference. The ID Lead will be responsible for applying the confirmed ETR Flag to the RC record, while the ETR Coordinator for the respective RC will assign the RC to the impacted RCA units for AU assignment based on the ETR Guidance material.

Responsibilities:

• Review LRRs identified by third-party subscription vendors and monitor assigned Regulatory Authorities to identify RCs in External Source Intake to disposition as applicable or not applicable.

• ID Leads will perform manual identification of RCs when a third-party subscription service/vendor (e.g., CUBE) is not available.

• Complete Scope Assessment questionnaire with consultation from P/F ICRM to determine scope, if needed.

• Upon identification of an applicable RC, create and submit a Regulatory Change Identification Record in CR&C-RC.

• The record will include, but is not limited to, the name of the change, a summary of the change, jurisdiction, regulator, compliance date, GRC Risk Taxonomy, whether the Regulatory Change is an ETR, URL of the regulatory text from the official regulator source (pdf may only be used when an official regulator source URL cannot be found), and the calculated risk tier. In addition, Regulatory Changes that are initiated manually must be linked to the automated (CUBE) source record.

• For non-NAM jurisdictions where ID Leads and RCAs are the same person, identify and assign RC to potentially impacted AUs and their associated ICRM Regulation Coverage Leads.

• Timely execution of tasks in accordance with Metrics/KPIs due dates • Where they are the task owner or co-owner, escalate to relevant senior management where these tasks are expected to be and/or are in 'Overdue' status, in accordance with established, Program-defined governance and escalation protocols

Qualifications:

• Knowledge of French, Arabic and English
• Knowledge of Compliance laws, rules, regulations, risks and typologies
• Must be a self-starter, flexible, innovative and adaptive
• Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization
• Strong written and verbal communication and interpersonal skills
• Ability to both work collaboratively and independently; ability to navigate a complex organization
• Advanced analytical skills
• Ability to both work independently and collaborate with team members
• Excellent project management and organizational skills and capability to handle multiple projects at one time
• Proficient in MS Office applications (Excel, Word, PowerPoint)
• Demonstrated knowledge in area of focus

Education:

• Bachelor’s degree; experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; experience in area of focus.

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