Markets, Regulatory Relations

Our client, a Global leading bank, is looking for an experience Markets, Regulatory Relations Professional to join their growing team

U.S. Regulatory Relations is the bank’s primary point of contact and coordination for domestic and foreign regulators in the United States.  As a collaborative team operating across the bank’s U.S. businesses, the bank RR provides support and advice in relation to regulatory exams, inquiries, investigations, and oversees the ongoing monitoring, reporting, and escalation of key regulatory matters.  As a member of the bank RR, the incumbent will be the Bank’s primary point of contact for Office of the Comptroller of the Currency (“OCC”), and other regulators as relevant.  As needed, the incumbent will lead and/or participate in regulatory engagements with other the bank’s businesses in the U.S.
Maintain Regulatory Relationships: Exam Management & Continuous Monitoring Activities
  • Provide timely and proactive guidance to Bank Board Members, Executives and management to effectively maintain healthy regulatory relationships in conformance with all applicable laws, regulations, and policies;
  • Provide exam management facilitation and advice to Bank Executives and management, including preparation for meetings and regulatory requests and updates;
  • Works closely with relevant subject matter experts and stakeholders across CUSO responsible for drafting and preparing responses to regulatory requests and exams;
  • Facilitates and summarizes examiners’ findings and perspectives, and provides notification and escalation as to Bank Board of Directors, Executives and management as appropriate;
  • Coordinates the uploading of Board Materials, management reports and other ongoing supervisory materials to regulators; and
  • Maintains thorough knowledge of banking regulations, bank operations and procedures, risk management controls, and other internal control objectives and practices, relevant to Bank’s prudential regulators.
Internal Reporting
  • Assists in summarizing and preparing reporting that communicates Bank exam activity and issues for the bank’s Regulatory Action Committee;
  • Prepares internal reports for the Bank Management and Board of Directors, and promotes information sharing of existing and new material regulatory issues;
  • Manages and tracks regulatory risk through regular (e.g., monthly/quarterly) metrics detailing regulatory themes and trends in exams, inquiries, and continuous monitoring;
Issues Management
  • Leads the Bank’s regulatory issues management program, including the development of thematic observations, conclusions and recommendations related to regulatory issues;
  • Oversees the timeliness and accuracy of responses to regulators, including data requests and responses to exam findings (such as Matters Requiring Attention, etc.); and
  • Regularly advises Management on matters related to issues management and remediation activities.
Additional Responsibilities
  • As required, creates and maintains department documentation, including manuals, training materials, and communications; and
  • Along with others, oversees and maintains the safeguarding of Confidential Supervisory Information.
Basic Qualifications
  • Extensive and comprehensive regulatory knowledge and expertise (5+ year minimum);
  • Excellent judgment and analytical skills;
  • Excellent written and oral communication skills, and must be comfortable meeting with regulators, Board members and Bank Executives on a regular frequency;
  • Effective organization skills, including the ability to prioritize between tasks and deadlines;
  • Ability to effectively analyze risk to the organization of potential issues discovered;
  • Ability to interact with regulators and in team setting;
  • Attention to detail and accuracy are essential;
  • Strong Office (PowerPoint, Outlook, Excel) skills;
  • In-depth knowledge of FRB and OCC, rules, regulations and examination practices strongly preferred;
  • Undergraduate degree, Master’s/JD degree preferred
  • Former work experience at a bank regulator and/or in a regulatory liaison function preferred, but not required.