The principal purpose of this Second Line role is to stimulate and develop a culture of integrity risk awareness throughout the organisation. As a Regulatory Compliance & Legal Officer, you play a crucial role in ensuring compliance with financial regulations and providing legal support to the organization. You advise the business on complex regulatory matters, assess legal risks, and contribute to the implementation of internal compliance and policy measures. You work closely together with stakeholders from various divisions and senior management under the guidance of the Head of Legal & Compliance as well as in close cooperation with the Legal & Compliance team.
Tasks associated with the function.
Regulatory Analysis & Implementation:
- Interpret relevant laws and regulations (e.g., Wft, Wwft, AMLD, MAR, Whistleblower Protection Act, GDPR, ESG regulations) and advise on their impact on the bank.
- Maintain the policy framework on topics like organisational conduct and client integrity, for example Code of Conduct, Conflict of Interest, Bribery & Corruption, Competition law, Financial Economic Crime.
- Set up and maintain the regulatory function ensuring that – through your internal network of experts – the bank keeps insight and oversight on regulatory developments and supervisory expectations and banking industry developments at national and EU level, assess the impact and monitor implementation in the organisation.
Legal Support:
- Review and draft legal documents & contracts, advice on contracts, corporate legal affairs and maintain network of external lawyer.
- Contribute to the monthly Legal & Compliance meetings with the Compliance department at Head office and support to the Compliance & Regulatory Risk Committee.
Training & Awareness:
- Develop and provide internal training on relevant laws, regulations, and legal risks
Compliance Monitoring & Supervision:
- Ensure compliance with regulatory requirements and internal compliance policies and procedures, including reporting to regulators and the Parent.
- Monitor implementation of agreed management actions to mitigate compliance findings.
- Incident Management & Investigations: Assist in handling compliance incidents, conducting investigations, and following up with appropriate reporting.
Stakeholder Management:
- Collaborate with other divisions to integrate regulatory requirements into business strategy and processes.
- Support the realisation of the Business Plan in a sound and controlled manner by proactively sharing your knowledge, experience and insights.