- Company Name
- MUFG Investor Services
- Job Title
- Regulatory Compliance Officer
- Job Description
-
**Job Title:** Regulatory Compliance Officer
**Role Summary:**
Monitor and interpret regulatory developments in the Cayman Islands, conduct gap analyses, and support the creation and updating of compliance policies and procedures. Acts as a key checkpoint in the compliance monitoring process, provides guidance on regulatory matters, prepares management and stakeholder reports, and oversees outsourcing reviews and system testing.
**Expectations:**
- Maintain up‑to‑date knowledge of applicable laws, regulations, and guidance documents.
- Deliver timely, accurate gap analyses and impact assessments for new regulatory changes.
- Produce clear, concise reports for senior management, compliance committees, and board members.
- Collaborate with cross‑functional teams to ensure controls are current and effective.
- Engage with vendors, regulators, and internal stakeholders to support regulatory inquiries and inspections.
**Key Responsibilities:**
1. Monitor government sites for regulatory updates specific to the Cayman Islands and MUFG licenses.
2. Conduct first‑level gap analysis of new laws/regulations and report potential business impacts.
3. Assist in statutory reporting and ensure compliance with all regulatory timelines.
4. Develop, amend, and review compliance policies and procedures in line with changing regulations.
5. Serve as the “Checker” in the compliance monitoring process, validating testing and quality control.
6. Respond to internal requests and provide regulatory guidance under management supervision.
7. Manage filings, record‑keeping, and administrative tasks related to compliance.
8. Participate in global Regulatory Compliance Team to design, implement, and monitor Compliance Monitoring Plans (CMP).
9. Prepare management reports and periodic updates for CCO, Head of Compliance, compliance committee, board, senior management, and parent company.
10. Oversee outsourcing provisions: review risk assessments, SLAs, and oversight reports.
11. Test compliance systems/platforms; coordinate with vendors and stakeholders as needed.
12. Compile information for on‑site regulator inspections.
13. Undertake ad‑hoc projects and duties as directed.
**Required Skills:**
- Strong regulatory compliance knowledge (non‑AML).
- Proficient in gap analysis, risk assessment, and impact reporting.
- Excellent written and verbal communication in English.
- Report writing and data verification expertise.
- Advanced Microsoft Office proficiency (Excel, Word, PowerPoint, Outlook).
- Ability to work collaboratively across regions and functions.
**Required Education & Certifications:**
- Bachelor’s degree (or equivalent third‑level qualification) in law, finance, business, or related field.
- Formal compliance qualification (e.g., ACAM, ACOI) or progression toward one.
- Minimum of 4 years’ experience in Regulatory Compliance (non‑AML).
- Knowledge of fund administration and/or banking operations.
- Understanding of offshore financial services laws, regulations, and guidance statements.