Job Description:
The Head of Ireland Regulatory Affairs is responsible for driving the strategic relationship with the Central Bank of Ireland (CBI) by building effective relationships with supervision teams, generating insight into the regulator's supervision strategy and its implications for State Street, providing insight into areas of focus in regulatory exams and continuous assessment meetings through briefings to senior management, providing preparation sessions for staff selected for interview as part of regulatory examinations, and ensuring that regulatory information requests are well managed with timely responses; and that State Street's regulatory interactions with the CBI are cohesive and unified.
Key Responsibilities:
* Act as the primary liaison with regulators, delivering best in class service to the CBI by ensuring all regulatory deliverables are met within the CBI's timeframes and to the appropriate quality.
* Assist the business in making regulatory notifications and providing answers to CBI queries relating to issues, incidents and other matters.
* Provide senior management and the business with insightful analysis into CBI priorities and areas of focus.
* Manage the preparation of briefing notes for forthcoming regulatory continuous assessment meetings, in conjunction with the Global Regulatory Liaison Office (GRLO), where applicable to ensure consistency of messaging on key themes and actions.
* Lead the coordination and preparation for regulatory examinations and act as internal point of escalation across the Ireland business lines in such reviews/exams.
* Attend regulatory meetings to provide minutes of discussions and agreed actions.
* Assess actions received as a result of regulatory exams in accordance with the definition in the Issue Management Standard and the Regulatory Examination & Findings Standard – Global, overseeing the opening of Archer items (RMPs) and agreeing action owners.
* Track all RMP actions from opening through governance to closure, ensuring that responses meet the standard expected by the CBI.
Internal Stakeholder Management:
* Strategic regulatory stakeholder management and communication.
* Arrange all regulatory meetings ensuring appropriate attendance from State Street senior management and others, as appropriate.
* Prepare summaries of regulatory publications for key Ireland Governance Forums, Senior Management and other internal stakeholders.
* Highlight regulatory enforcement actions against other market participants to ensure State Street applies any relevant learning from such industry events.
Regulatory/Internal Reporting:
* Prepare updates for the CBI on matters requiring regulatory notification, in response to queries and to assist the regulator's understanding of State Street's business in Ireland.
* Prepare monthly regulatory interactions update and present at the relevant Ireland and global governance forums, including Ireland Legal Entity Boards.
* Contribute to the Compliance Risk Reporting to the relevant Ireland and global governance forums.
* Contribute to Compliance newsletters in Ireland to highlight areas of regulatory focus.
Education and Qualifications:
* Degree Qualified.
* Sound knowledge of the regulatory landscape in Ireland.
* Previous experience working with regulators.
* Knowledge of the Custody or funds sector would be an advantage.
* Understanding of the CBI's regulatory priorities and how these affect State Street's business model and strategy.