Assistant Vice President - Regulatory Banking Licensing (8-12 yrs)

Job Description

Purpose of the role:

To assist and review regulated entity authorisations applications to oversee that they are valid, complete, and compliant with all applicable policies and procedures. Investigating and raise unauthorised regulated entity incidents potentially operating outside of its licence.

Accountabilities:

- Identification and assessment of potential risks associated with regulated entity authorisations and implement risk mitigation strategies to safeguard the banks and its customers' interests.

- Investigation of potential incidents of unauthorised regulated activities and recommending corrective actions and process improvements.

- Provision of training to colleagues on how to request UK entity authorisations.

- Management of the single depositary (Global Entity Authorisations Register) of regulated entities authorisations status and its licences data by reviewing and approving or denying access requests, as well as maintaining accurate records of all authorisations.

- Development and implementation of regulated entity authorisation policies standards and procedures relating to regulated entities business activities and licences.

- Development and implementation of authorisations controls supplementary to Business controls.

Assistant Vice President Expectations:

- Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.

- Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.

- Take ownership for managing risk and strengthening controls in relation to the work done.

- Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.

- Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.

- Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.

- Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.

- Influence or convince stakeholders to achieve outcomes.

- Initiate and facilitate annual licence review attestations.

- Maintain and operate Product and Licencing Team controls.

- Provide SME support for UK licencing process and FCA Connect system.

- Maintain and oversight of the licence information on SDS.

- Submission of UK licencing applications & regulatory reports.

Location: Pune