Regulatory Relations Specialist files applications and interacts with governmental officials during the regulation and certification process for a plant or other facility. Assists in developing procedures to ensure regulatory compliance. Being a Regulatory Relations Specialist gathers data pertaining to organizational projects and their impact on the regulation process. May require a bachelor's degree. Additionally, Regulatory Relations Specialist typically reports to a supervisor or manager. To be a Regulatory Relations Specialist typically requires 4 to 7 years of related experience. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. (Copyright 2024 Salary.com)
The Director is primarily responsible for handling the management and oversight of regulatory requests and examinations of the company's regulated entities, as well as the global trade repositories and other regulated entities. As part of this group, the candidate may also act as a liaison and central point of contact for regulators and regulatory requests outside of the requests/examination context, work on global regulatory policy developments pertaining to the company's businesses and global operations, as well as give to regulatory-related projects and reporting.
Prepare and lead staff for regulatory interactions, regulatory requests, inspections, reviews, and examinations of the company's regulated entities, as well as the global trade repositories and other regulated entities
Collaborate with regulatory supervisors, including conducting meetings with regulatory staff and company employees
Coordinate all aspects of physical on-site examinations; supervise examination managers, process and prioritize information/data/meeting requests, facilitate receipt/delivery of responsive data, and, where critical, review data for accuracy/responsiveness prior to submission to regulators.
Work with VP and examined area in drafting, editing, and coordinating the submission of post-exam letters; chip in to issue tracking, reporting, metrics, and deliver feedback on issues arising from regulatory examinations
Work on global regulatory policy developments pertinent to the company’s businesses and global operations
Provide general regulatory relations support including supplying to regulatory-related projects and reporting
Drive and take ownership of identifying and mitigating risk, (such as credit, market, liquidity, operational, legal and compliance, technology, systemic, and other risks) within assigned area(s) of responsibility
Strengthen company’s controls over risk and follow corporate initiatives, including but not limited to New Initiatives Process (NIC), Management Self Identification of Audit Issues, Management Control and Awareness Rating (MCAR), Operational Risk Control Self Assessments (RCSA), etc.
Mitigates risk by following established procedures, spotting key errors, and demonstrating strong ethical behavior.
Minimum of 10 years of related experience
Bachelor's degree preferred with Masters or equivalent experience
4 to 7 years in the financial services industry with experience in a regulatory or support and control function such as Legal and Compliance or Associate in a Law firm with regulatory/litigation experience
JD preferred
About the company:
With over 40 years of experience, the company is the premier post-trade market infrastructure for the global financial services industry. From operating facilities and data centers around the world, the company automates, centralizes, and standardizes the processing of financial transactions across the trade lifecycle and mitigates risk for thousands of institutions worldwide.
At the company, we value our clients' interests and partner to deliver superior results with excellence and innovation and lead with integrity. We proactively develop your potential and invest in your career.