Position Purpose
As the Head of Regulatory Office Compliance Taiwan to provide reasonable assurance with respect of applicable laws and regulations within the territory, with double hat of Global Markets and Institutional Banking Taiwan and as the PIC correspondent as well as MI correspondent for Taiwan.
Responsibilities
He/she is responsible for working on the regulatory watch and updating procedures relating to regulatory guidelines and rules. This includes:
- Disseminate to relevant parties regulatory updates and advise on changes;
- Due diligence annual checks, and other industry examination monitoring
- Responsible for monitoring licensing conditions;
- Assist the Head of Compliance for the territory in projects involving regulatory consultations, review, etc.
- Assist the Head of Compliance for the territory in regulatory compliance and regulatory relationship matters with the regulators, industry associations and other external parties.
- He/she validates the policies to be adhered by the territory and controls that they are respected and implemented by achieving a twofold objective:
- Independence of decisions; binding advice
- Close partnership with the business to provide them strong second levels of control, guidance and advisory
- He/she works in close cooperation with Head of Compliance for the territory and business line heads to ensure consistency of decisions and operating models.
The Head of Regulatory Office Compliance Taiwan is responsible for the following activities:
- He/she is responsible as regulatory liaison, this includes:
- Facilitating regulatory meetings
- Overseeing Regulatory reviews and inspections (coordination and reviews prior to actual reviews or inspections; opening & closing meetings; reviewing of draft comments)
- He/she is responsible for providing timely and accurate regulatory submissions in terms of surveys, consultations, etc.
- He/she is responsible for regulatory advisory for applications, submissions, NAC, etc.
- He/she is involved in projects and working groups - Technology Risk Management Incident Reporting, Outsourcing, Fixed Income regulatory updates, etc.
- Provides reasonable assurance towards business CEO, Territory Executive Committee, Head of Compliance for the territory, Bank's governance bodies and regulators on the compliance of the operations / activities with applicable laws and regulations and ensures action plans are launched for perceived weaknesses
- Ensures consistency of the Compliance model and policy within the territory
- Defines how Compliance rules will be adapted / implemented in coordination with the Compliance Domains and the Business Lines
- Coordinates diffusion of policies and adaptation into operational procedures
- Supervises consistency of implementation
- Drives the effective implementation of Compliance rules
- Supports the effective implementation of Compliance tools & systems
- Makes Compliance decisions on issues reported by local teams in his/her scope of responsibility, involving the Compliance Central Domains when relevant
- Exercises decision rights for intermediate level cases
- Provides support and guidance to territory teams
- Ensures a healthy interface between the business and the regulatory authorities on his/her territory, in coordination with the Compliance Domains
- Establishes close partnership with the business
- Provides strong guidance and advisory for their business development : Provide advisory on the territory level, Formal agreement for intermediate level cases on the territory
- Aggregates and reports risk on territory-specific issues and mitigation plan to the Head of Compliance Taiwan and to the Territory Executive Committee
- Establishes an appropriate governance to manage risk of non-compliance : leveraging Business Lines COs expertise, Leveraging Domains COs expertise
- Leads, manages and supports Compliance, Permanent control and Operational Risk teams in his/her perimeter
- Identifies required improvements of organization, tools and processes
- Organizes and facilitates Business Line key Compliance committees
- Validates priorities for his/her N-1
- Takes decisions for his/her N-1 on recruitments and performance appraisal
- Monitors the training roadmap of his/her teams
- Aggregates, challenges and manages Business Line Compliance budget
