Job Description
Regulatory Affairs & Policy (RAP) roles ensure the effective management of dealings with regulators, regulatory developments affecting the Bank, or in development and implementation of Regulatory Compliance (RC) policy. Early identification and assessment of regulatory developments and their potential impact to the bank is a key activity.
Duties and Responsibilities
Your main responsibilities in this role include the following:
Regulatory Engagement: Provide support to the Regulatory Affairs and Policy Team to ensure that the UAE and the Region maintains a comprehensive record of all material regulatory engagements in respect of Regulatory Compliance (RC). “Regulatory Engagement” for these purposes includes meetings, visits, reviews, thematic work, investigations, enforcement activities, reporting, information provision, correspondence and similar, and whether of a regular, recurring or ad hoc nature.
Ensure good quality ENGAGE records are maintained by the region by conducting monthly quality testing.
Act as an SME in respect of RC lead on regulatory engagement, ensuring that HSBC MENAT maintains full oversight of all relevant engagement with the bank’s most significant regulators. “Regulatory Engagement” for these purposes includes meetings, visits, reviews, thematic work, investigations, enforcement activities, reporting, information provision, correspondence and similar and whether of a regular, recurring or ad hoc nature.
Ensure that the respective Regulators’ agendas and requirements are understood, communicated and met, with the intention of there being “no surprises” in HSBC engagement with the local regulators.
Monitor regulatory engagement trends of regulators and provide updates, reporting and guidance as appropriate / required.
Where requested counsel senior management on engaging with regulators and provide specialist expert support on Regulatory Engagement.
Be a subject matter expert within the Compliance function in managing the engagement with regulators.
In conjunction with the Head of RC/Head of RAP support relevant management in their engagement with the country’s material regulators, including preparation of Briefing Notes and attendance at meetings as and when required.
Arrange the logistics in respect of regulatory engagements as required e.g. setting up audio / video conference calls, booking meeting rooms, registering external guests, chasing agendas, distributing meeting papers etc.
Regulatory Development: Identification and oversight of material compliance “upstream” and “downstream” regulatory developments, supporting UAE and MENAT to address regulatory change. This includes responding to Consultation Papers.
Provide a forward looking analysis of the regulatory framework.
Independently manage the dissemination of UAE regulatory developments (CB Inbox, website).
Assist the Regulatory Affairs team to develop structured and consistent methodologies to identify, assess, report on and respond to regulatory developments in the region.
Policy Governance: Assist in implementing and managing the infrastructure to support the development and maintenance of RC policy and associated documents at a country level as a result of amendments/updates in the Group’s Global Standards Manual and RC owned FIMs.
Discharge the relevant accountabilities as set out in the Group Standards Manual and Compliance FIM.
Assist in various RAP and RC projects.
Provide an oversight of regulatory affairs in MENAT.
Support Regulatory Compliance functions in managing compliance and reputational issues in MENAT.
Support in answering ad-hoc requests and in generating MI and reports.
Manage interactions with UAE regulators and support in various engagements with UAE regulators.
Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.
Job Requirements
UAE Nationals Only
Good knowledge of UAE local regulatory requirements.
Clear written and oral English and Arabic (Arabic is mandatory)
Good knowledge of regulatory compliance risks and industry best practice
Good Understanding of banking activities
Effective communicator with strong inter-personal and influencing skills
Ability to understand regulations and provide a high level impact assessment thereof.
Job Details
Company/Organization: HSBC Bank
Employment Type: Full-time Job
Job Functions: Legal & Compliance
Job Location: Dubai, United Arab Emirates
Application Deadline: N/A
