Business Risk Management Change Advisor

Merck Finck, München, DEU, D-80333
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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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