At a Glance
- Tasks: Join a team to assess compliance risks and manage regulatory changes in the financial sector.
- Company: Dynamic financial services firm with a focus on compliance and risk management.
- Benefits: Flexible work arrangement, competitive salary, and opportunities for professional growth.
- Other info: Collaborative environment with opportunities to influence senior management.
- Why this job: Make a real impact by ensuring compliance and driving regulatory initiatives.
- Qualifications: 8-12 years in compliance or operational risk management, with strong analytical skills.
The predicted salary is between 60000 - 75000 £ per year.
12m contract in Belfast, UK (3 days onsite, 2 days WFH)
Key Responsibilities:
- Work within a team of 1LOD NFR Regulatory Management specialists to proactively identify, monitor, and assess compliance risks associated with Laws, Rules, and Regulations (LRRs) from local, regional, and global regulatory sources.
- Support and contribute to the Regulatory mapping and applicability process, ensuring accurate and timely determination of regulatory obligation applicability.
- Lead the comprehensive impact assessments of new or revised LRRs, evaluating implications on business operations, processes, controls, systems, and risk profiles. Collaborate with business stakeholders and NFR subject matter experts to assess regulatory impact effectively.
- Participate actively in the annual Horizontal Review Regulatory Architecture program, contributing to assessments of regulatory compliance and identifying gaps, themes, and improvement opportunities.
- Drive the execution of controls related to regulatory compliance, ensuring alignment with the Organization's policies, standards, and procedures under the Compliance Risk Management Framework.
- Actively contribute to risk identification, assessment, and reporting activities.
- Execute and maintain an aggregated view of the NFR compliance risk profile, including assessment of impact in support of strategic and operating goals.
- Collaborate with relevant NFR specialists, SMEs, and first‐line functions to ensure comprehensive regulatory risk management.
- Participate in relevant working groups and forums to represent the 1LOD NFR Regulations Management Team.
- Partner closely with 2nd Line of Defense Risk, Compliance, and other functions to ensure a consistent and integrated approach to regulatory risk management.
- Contribute to driving awareness of the regulatory programs on regulatory change management and compliance best practices for business stakeholders.
Qualifications:
- Minimum of 8‐12 years of experience in Compliance or Operational risk management in the financial services industry.
- Proven experience in 1st Line of Defense roles with solid understanding of regulatory change management, impact assessment, and compliance risk frameworks.
- Ability to identify, measure, assess, and manage key regulatory and compliance risks and controls.
- Proven experience in implementing sustainable solutions, improving processes, and driving regulatory compliance initiatives.
- Strong knowledge of compliance laws, rules, regulations, and best practices applicable to the financial services industry.
- Understanding of Policies, Standards, and Procedures related to Non‐Financial Risk and regulatory compliance.
- Strong analytical skills to evaluate complex regulatory requirements, assess impact, and integrate data from diverse sources to produce comprehensive analytical outputs.
- Strong verbal and written communication skills, with a demonstrated ability to engage and influence at the senior management level.
Regulatory Change Specialist in Newtownabbey employer: Morgan McKinley
As a Regulatory Change Specialist in Belfast, you will join a dynamic team dedicated to navigating the complexities of compliance within the financial services sector. Our company fosters a collaborative work culture that values innovation and continuous improvement, offering employees ample opportunities for professional growth and development. With a flexible working arrangement of three days onsite and two days from home, we ensure a healthy work-life balance while empowering our staff to make meaningful contributions to regulatory risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Regulatory Change Specialist in Newtownabbey
✨Dive into Industry Groups
Join compliance and risk management groups on platforms like LinkedIn and Facebook. These communities often share temp job postings and insights. You’d be surprised at how many temporary gigs float around through word of mouth!
✨Showcase Your Expertise
Consider creating content on compliance topics that get you noticed—think LinkedIn articles or even a blog. This not only shows off your knowledge but can grab the attention of companies like Morgan McKinley when they’re searching for someone to fill a temporary position.
✨Tap into Recruitment Agencies
Reach out to recruitment agencies that specialise in compliance and risk roles. They’re usually in touch with companies looking to fill temporary roles, which can save us a lot of time in our job search.
✨Go Local with Networking
Attend local compliance and risk seminars or workshops. Meeting professionals in our area can open up temp opportunities, and it’s a great way to make your face known in the industry—plus, you might even meet someone from Morgan McKinley!
We think you need these skills to ace Regulatory Change Specialist in Newtownabbey
Some tips for your application 🫡
Show Your Compliance Know-How:When you’re applying for a compliance-risk role like Regulatory Change Specialist, make sure to highlight your understanding of industry regulations and risk management principles. Mention any relevant coursework, certifications, or projects that showcase your expertise in these areas—it's what sets you apart!
Highlight Your Analytical Skills:In the compliance-risk field, strong analytical skills are essential. Talk about your experiences that required critical thinking and data analysis, whether in past roles, internships, or academic projects. Show us how you've identified risks and implemented solutions in the past.
Tailor Your CV for the Temporary Role:Since this is a temporary role, focus on your availability and flexibility in your CV. Highlight any previous short-term roles or projects that demonstrate your ability to adapt quickly and deliver results in a fast-paced environment. This helps employers see you as an easy fit in their team!
A Concise Cover Letter is Key:Keep your cover letter short and focused! Explain why you're interested in the compliance-risk area specifically for this temporary position at Morgan McKinley. Mention what you hope to learn and achieve, showing your enthusiasm and motivation to contribute positively during your time there.
How to prepare for a job interview at Morgan McKinley
✨Know Your Compliance Basics
Make sure you're clued up on the key compliance and risk regulations pertinent to the industry you're applying to. Understanding frameworks like GDPR or AML will not only impress but also show that you’re ready to hit the ground running in your temporary role at Morgan McKinley.
✨Prepare for Scenarios
Expect scenario-based questions that test your problem-solving skills. They might ask how you'd handle a specific compliance issue. Think through real situations you’ve encountered in past roles or study hypothetical cases to showcase your analytical skills and practical judgement during the interview.
✨Highlight Your Adaptability
Since this is a temporary position, emphasise your ability to adapt quickly to new environments and team dynamics. Share examples of how you’ve successfully adjusted to changes in past roles and how this flexibility can benefit Morgan McKinley in the short term.
✨Gather Your Technical Tools
Familiarise yourself with commonly used compliance tools or software, as they might come up in the interview. If you've used tools for risk assessments or compliance tracking, mention those and be ready to discuss how they can streamline processes at Morgan McKinley.
