Minimum Experience Mid-Senior
Company primary industry Accounting
Job functional area Accounting/Auditing
The Regulatory Officer is responsible for ensuring that the bank complies with all regulatory requirements and industry standards. This includes monitoring and reporting on regulatory changes, developing and implementing compliance policies and procedures, and conducting regular audits to ensure adherence to regulations. The Regulatory Officer will also liaise with regulatory bodies and government agencies to address any issues or concerns.
Key Responsibilities
- Monitor and analyze regulatory changes and developments that may impact the bank's operations
- Develop and implement compliance policies, procedures, and controls to ensure adherence to regulations
- Conduct regular audits and reviews of bank operations to assess compliance with regulatory requirements
- Prepare and submit regulatory reports and filings as required by regulatory bodies
- Liaise with regulatory bodies and government agencies to address compliance issues, inquiries, and inspections
- Provide guidance and training to bank staff on regulatory requirements and best practices
- Collaborate with internal stakeholders, such as legal, risk management, and operations, to ensure alignment with regulatory requirements
- Stay informed of industry best practices and standards related to regulatory compliance
- Bachelor's degree in finance, Business, Law, or related field
- 3-5 years of experience in regulatory compliance within the banking sector
- Knowledge of banking regulations, laws, and industry standards
- Strong analytical and research skills
- Excellent communication and interpersonal skills
- Ability to work independently and as part of a team
- Detail-oriented and organized
- Professional certification in regulatory compliance (e.g., Certified Regulatory Compliance Manager) is a plus
