Regulation & Non-Financial Risk Officer (VP)

Regulation & Non-Financial Risk Officer (Vice President)

ING Financial Markets UK

The Work Environment

Financial Markets (FM) is one of the global product business lines of ING Wholesale Banking and is INGs gateway to secondary capital markets around the world. The FM Regulatory Centre of Expertise (Reg CoE) team has Front Office mandate and is responsible for Regulatory Risk & Control across the three pillars shown below:

Regulatory Outlook Advice (Including External Advocacy) & Implementation Non-Financial Risk & Control Data Management & Data Governance

The UK FM Regulation & Non-Financial Risk (NFR) team is the UK component of the global FM Reg CoE team and covers the first two pillars for the UK (the third pillar is centrally managed from the Netherlands). The UK FM Regulation & NFR team works in collaboration with FM Reg CoE colleagues in the Netherlands and the US as well as with functions spanning the three lines of defence including Legal Compliance Trading Risk Management Operational Risk Management Audit Regulatory Transaction Reporting and Operations.

The Team

The key objective of the UK FM Regulation & Non-Financial Risk team is to manage the execution of UK FMs Regulatory and NFR objectives including by being a trusted advisor instigating and overseeing UK FM regulatory programmes and maintaining a robust UK FM control environment. The team mandate comprises:

• Enabling UK FM Sales and Trading desks to operate within evolving regulatory parameters by delivering commercially aware advice on regulatory rules and expectations;

• Being agile to the evolution of UK FM-relevant regulatory obligations conducting impact assessments and clearly communicating outcomes to the relevant stakeholders;

• Being the single point of contact for UK FM regulatory implementation and remediation programmes collaborating with stakeholders to ensure accurate and timely delivery;

• Ensuring UK FM regulatory obligations are appropriately prioritised escalated and managed amidst competing global regulatory priorities particularly in the context of UK vs. EU regulatory divergence;

• Managing UK FMs NFR and Compliance Frameworks ensuring related controls are designed and executed in accordance with INGs risk appetite and industry best practice;

• Spearheading UK FM NFR initiatives including in relation to Conduct Risk & Front Office Supervision policy implementation procedure drafting governance and risk assessments;

• Overseeing the progress of UK FM Risk Compliance and Control deliverables; and producing the requisite check and challenge feedback to ensure UK FM business lines remain compliant;

• Maintaining a culture of regulatory and operational excellence championing a strong UK FM Risk Culture and driving change by supporting strategic initiatives and transformation projects.

The Role

• We are seeking an experienced VP-level professional to join the UK FM Regulation & NFR team. Alongside the broader mandate of the team as set out above key individual responsibilities include:

• Providing follow-up on regulatory horizon scanning for UK FM-relevant publications documenting findings drafting impact analysis where necessary with solutions to protect INGs business interests and presenting these to the relevant stakeholders for discussion and implementation;

• Consolidating responses to UK FM-relevant regulatory Discussion and Consultation Papers contributing to related decision-making and ensuring the FM (global) position is clearly articulated;

• Providing regulatory insights support and advice leading multiple regulatory change initiatives and ensuring regulatory rule changes are implemented in accordance with regulatory requirements and timelines;

• Constructively challenging the status quo exercising check and challenge principles and creating technologically optimised solutions in a fast changing and complex regulatory environment subject to increasing UK & EU regulatory divergence;

• Delivering on the core regulatory expertise required of the role alongside any corresponding NFR elements in accordance with UK MiFID SMCR Conduct of Business Product Governance Risk Control Market Abuse Systems & Controls and Operational Resilience requirements; as well as any other regulatory obligations applicable to Wholesale Banking;

• Ongoing learning to enhance regulatory and business knowledge whilst supporting the development of junior members of the team e.g. through knowledge sharing and coaching.

Candidate Profile

• A bachelors degree supplemented with a professional qualification or masters degree in a Regulatory Legal Compliance Finance Accounting Business or Economics-related field;

• At least 6 years of relevant experience in a Financial Markets Front Office Regulatory Compliance role or a hands-on delivery-oriented Financial Markets Legal role;

• Demonstrable interpretation and practical application of UK regulatory obligations including FSMA FCA PRA and HM Treasury requirements and a firm understanding of EU equivalents;

• Highly organised with a proactive tenacious innovative mindset and practical project management experience gained through leading regulatory and transformation programmes;

• Experienced in the strategic management and execution of Regulatory Compliance NFR & Control frameworks with a solutions-focussed approach towards the resolution of Front Office issues and emerging risks;

• A clear and confident communicator well-versed in managing multi-disciplinary senior-level stakeholder relationships and translating complex Regulatory Compliance NFR and Control themes into tangible actions;

• An adaptable driven team player who confidently escalates or delegates where necessary and maintains impactful yet empathetic professional relationships.

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