Business Risk Regulatory Change Advisor

Quintet Luxembourg, Luxembourg, LUX, L-2955
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Purpose of the Job


A new consolidated group Business Risk Management (BRM) function has been created as a first line risk function, with its’ main purpose being:


• to steer the first line of defence at Quintet in ownership of risks pertinent to their business


• to consolidate identification and impact of regulatory initiatives and their implementation at Group and local level


• to ensure consistent approach and standard outcomes on the above

 

 

The successful candidate is part of the BRM Regulatory Change Team and responsible for


• co-designing and managing the regulatory change process at Group level


• working with all business units and tracking reporting from respective units involved on impact assessment, implementation and post implementation tests (note: the impact assessment, implementation and testing are done by business units)


• monitoring and reporting on the regulatory change initiatives portfolio of the firm

 

Key Accountabilities


• Understanding the business of the bank and its strategy, as well as the impact of regulations affecting the business activities


• Develop the first line regulatory change framework (design and operating effectiveness) and the implementation / execution in the locations ensuring completeness, appropriateness and process efficiency


• Maintain the process for analysing and monitoring regulatory change across the locations


• Help business units put in place projects to identify impact and to implement regulatory change


• Ensure post-implementation validation is included in the regulatory change governance process


• Design and maintain appropriate risk and regulatory trainings for the first line of the Bank


• Work closely together with second line functions and PMO on regulatory change related matters


• Provide regular reporting on regulatory initiatives, their impact and the implementation status

Knowledge and Experience


- Very good understanding of the regulatory environment of the banking industry, with a focus on Luxemburg and Europe


- At least 5 years of work experience in banking/advisory business with focus on regulatory affairs

Attributes and Qualities


- Proven ability to deliver on regulatory projects and bring people with you


- Confident, independent, proactive and able to work on own initiative and to multiple deadlines


- Able to evolve in a matrixed, changing and complex environment


- Global understanding of private banking processes is a plus, willing to grow within an expanding private bank business

 

- Work together, collaborate with all businesses and engage stakeholders to work with a common purpose

Technical Skills


Regulatory lawyer, Regulatory Compliance specialist, Regulatory Affairs specialist/advisor

Languages Skills


- Fluent in English (written and verbal);

 

- Other European languages an advantage but not mandatory

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