SVP – Wealth Business Risk and Controls – Business Regulatory Risk Management (UAE Nationals Only)

Regulatory Change Management: Actively collaborating with business to identify, evaluate, and manage regulatory adherence risks arising from the definition of business strategy, development of new products and services, changes in regulations or internal policies, or from business-led changes. Working with business, Legal & ICRM to facilitate regulatory change management activities by performing comprehensive impact assessments of regulatory changes on existing business processes, policies, procedures, systems, data requirements, and the overall control environment. Develop and implement structured project plans for the timely and effective integration of regulatory changes across relevant business units, ensuring clear ownership and accountability. Actively collaborate with business units to identify, evaluate, and manage regulatory adherence risks arising from new regulations or internal policy changes, documenting identified gaps and required actions. Facilitate communication and training programs on regulatory changes to ensure understanding and adherence by affected stakeholders across the organization. Track the implementation status of regulatory changes using established tools and methodologies, and report progress, challenges, and residual risks to senior management and governance committees. This includes maintaining an audit trail of decisions and actions taken. Coordinate and facilitate all aspects of regulatory reviews, including meticulous information gathering, comprehensive document production, scheduling and logistical management of meetings, and managing clear and consistent communications between regulators and internal stakeholders. Prepare and rigorously review responses to regulatory requests, ensuring accuracy, completeness, conciseness, and strict adherence to deadlines, often involving multiple internal stakeholders. Participate in targeted reviews and engage proactively with Internal Audit and Compliance Assurance over potential regulatory findings, contributing to a unified front. Develop and implement strategies and playbooks to address recurring examination themes and enhance overall preparedness for future regulatory engagements, including mock exams and readiness assessments. Support the evaluation of Regulation Risk as part of Countries' MCA Annual Risk Assessment process. Contribute towards a 1st line state of regulatory adherence report for senior management, including analysis of trends, identified control gaps, and proposed corrective actions and improvements required to mitigate the identified risks. Analyze data and findings to define and present clear, concise recommendations to business leaders to strengthen their ability to make impactful strategic decisions, policy and procedure improvements, and other business strategies. Work with Business, Operations & Technology leadership and partners in 2nd and 3rd lines of defense teams to develop and implement a robust and integrated Risk and Control framework, enhance and strengthen the MCA program, and collaborate on audits, escalations, lesson learned exercises, P&L remediation, and horizontal reviews based on emerging issues. Collaborate with legal, compliance, and finance teams to ensure accurate, complete, and timely submission of all required regulatory reports. Assist in the review and validation of regulatory reports prior to submission, ensuring data integrity and adherence to reporting standards. Develop strong relationships with Business, Operations & Technology leadership and partners in 2nd and 3rd lines of defense. Minimum of 8-10 years of experience in regulatory change management, compliance, audit, or other control-related functions in the financial services industry. Demonstrated experience with regulatory inventory management and internal control programs. Strong understanding of relevant financial services regulations (e.g., AML, KYC, consumer protection, data privacy, prudential regulations) is highly valued. Exceptional analytical skills with the ability to interpret complex regulatory texts, assess their practical implications, and identify root causes of risk. Excellent written and verbal communication skills, with the ability to articulate complex issues clearly and concisely to diverse audiences, including senior management and regulators. Proven project management and organizational skills, with the ability to manage multiple priorities and meet tight deadlines. High level of attention to detail and accuracy. Proficiency in Microsoft Office Suite (Excel, PowerPoint, Word) and experience with governance, risk, and compliance (GRC) tools is a plus. Provide support to onshore Business Risk and Controls teams for the UAE Wealth business. Undertake activities and projects in line with direction of UAE Wealth Controls Head. ------------------------------------------------------ Job Family Group: Risk Management ------------------------------------------------------ Job Family: In-Business Risk ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Analytical Thinking, Business Acumen, Constructive Debate, Escalation Management, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management. ------------------------------------------------------ For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------