APAC Compliance Regulatory Change Consultant
- Hong Kong
- Permanent, Full time
- Wells Fargo Bank
- 18 Feb 19
The APAC Compliance Regulatory Change Consultant supports the APAC Compliance Regulatory Change Lead with the regulatory change management program for the APAC region, including tracking of regulatory developments, managing the relevant governance structure for regulatory changes, and assist with regulatory related projects, as necessary.
Regulatory monitoring, communication and awareness
•Proactively monitor multiple regulatory information sources to identify new/revised regulatory developments that are applicable to Wells Fargo’s business activities in APAC, in collaboration with legal, compliance officers and other risk functions
•Track applicable regulatory changes and liaise with the relevant stakeholders for assessing and documenting the impact of such developments for the relevant Wells Fargo legal entities covered by the APAC region
•Generate and communicate change alerts and help to maintain an inventory and a system of record for monitoring, reporting and disposition of applicable regulatory changes
•Prepare periodic reports on the recent regulatory developments and changes
•Collaborate and liaise with all relevant stakeholders with regard to communication and management of applicable regulatory changes
•Assist with the preparation and publication of monthly Compliance newsletters
•Assist with reviewing the APAC Compliance training and awareness program, by advising and recommending training content on material regulatory developments
Regulatory development meetings management
•Assist with managing the monthly regional regulatory developments meetings, including the preparation of agenda papers, co-ordinate the monthly regional regulatory developments meetings, and draft meeting minutes, ensuring all relevant recordkeeping and record retention requirements are met
•Assist with reviewing, developing and recommending improvements on regulatory compliance policies
Compliance risk identification support
•Assist with activities relating to the regulatory source and major requirement (MR) nomination process, including review, revision and maintenance of sources, MRs and their associated risk rating and controls covered by the APAC region in the Wells Fargo internal system of record.
•Assist APAC Compliance with discharging its responsibilities with respect to relevant compliance program elements, with a focus on regulatory risk identification and regulatory change management
The candidate is required to provide other ad-hoc support to APAC Compliance management as directed.
•A relevant degree, with at least 4 years of experience in relevant areas such as regulatory compliance, gained from top tier bank or major consultancy/accounting firm (i.e., banking knowledge is required).
•General knowledge of the APAC regulatory environment and how these requirements apply to a business is preferred. Some familiarity with U.S. banking, securities and bank holding company laws and regulations is an advantage.
•The candidate must have analytical skills with experience in collecting, analyzing and synthesizing information on various subjects.
•Strong interpersonal, communication (written and presentation) skills and organizational abilities are essential with an ability to liaise professionally and with diplomacy across all levels of team members in a clear manner.
•A self-starter who is proactive with the ability to identify key issues, and to obtain appropriate information for further analysis.
•Ability to quickly learn business processes, including Risk Management/Compliance policies and procedures.
•The ability to work unsupervised and meet deadlines.
•Strong organizational and time management skills, with the ability to manage multiple responsibilities and tasks simultaneously.
•Reliability, conscientiousness and ability to produce work of a high quality.
•IT literate - including Microsoft Project, Excel, Access, Word, PowerPoint and other reporting tools but also able to understand use of technology for improving the regulatory control environment.