Regulatory Advisory Expert Regulatory Finding Man&Adv team, Credit Transformation Office

At a glance

The Regulatory Finding Management & Advisory team aims to understand the root cause and specific regulatory intention behind the findings, develop appropriate solutions and steer the closure of regulatory and audit findings in a timely and effective manner. As a Regulatory Advisory Expert you have a clear vision on what target regulatory compliant and efficient credit lifecycle processes (in scope of FS) looks like based on client needs, regulatory requirements and findings

Your work

As a Regulatory Advisory Expert your work is: 

• Have a clear vision on what target regulatory compliant and efficient credit lifecycle processes (in scope of FS) looks like based on client needs, regulatory requirements and findings  
• Identifying gaps vs vision, and using regulatory expertise to advise FS on most suitable solutions (e.g. tactical vs strategic) for gap closure  
• Understanding the background of ECBs observations / findings (from a regulatory perspective as well as supervisory expectation) and important to ensure that there is a common understanding of the observation/finding within ABN AMRO
• Proper assessment of solutions based on signals during the OSI and expert opinions and definition of direction that will address the observations, including understanding of achievable vs. initiative delivering and timelines and potential trade-offs (in preparation to final action plan)  
• Define the proper action owner based on the chosen solution, in alignment with responsible recommendation owner  
• In case of gaps, ensuring mitigants / risk acceptances are in place where required  
• Identify root causes of deficiencies in credit risk processes/ dependencies and synergies across findings and new regulations/ propose sequencing of solutioning to actively resolve them  
• Ensuring that external deadlines are feasibly based on insight into implementation of solutions   
• Maintain high level of combined regulatory as well as operational knowledge of Lending to handle complex compliancy issues, findings and changes in a timely manner 
• Bring in best practices based on deep understanding of market developments  
• Scope: Financing Solutions and mainbank retail/SME (PL SME). Not in scope are retail / consumer finance (AAHG, ALFAM), the Dutch entities (ICS, New10, ABF) and local international to the extent not supported operationally by Lending Transformation.  

Working Environment

The Credit Transformation Office, formerly named as the FCD Office, oversees change initiatives that are responsible for building a future-proof and robust credit landscape. FCD change initiatives are important for ABN AMRO's license-to-operate. This means that regulations and risk requirements are firmly anchored in Credit Transformation Office’s value chain and control framework. Furthermore, we are working on integrated IT systems that enable us to do our work efficiently, to deliver accurate and timely reports and to meet (future) customer needs. Credit Transformation Office hierarchically reports to the Head of Lending Transformation, which reports to the Head of Financing Solutions (FS). 

The Regulatory Finding Management & Advisory team is located within the Credit Transformation Office, ensuring strategic management of regulatory requirements and findings (incl. audit) within FS and securing and driving their resolution via FCD initiatives OR tactical solutions. Its main aim is to understand the root cause and specific regulatory intention behind the findings, develop appropriate solutions and steer the closure of regulatory and audit findings in a timely and effective manner. This can include active involvement in the FCD program sync and in individual FCD initiatives to secure the closure of open findings. These findings include: OSI, IMI, SREP SA, TRIM, Audit and Progress Monitoring findings. In addition, the Regulatory Advisory Experts within the team are responsible to establish a clear vision on what target regulatory compliant and efficient credit lifecycle processes (in scope of FS) look like based on client needs, regulatory requirements and findings. The Regulatory Finding Management & Advisory team support FCD initiatives in ensuring milestones which close findings or contribute to close findings will be delivered on time.  

Your profile

You have a keen interest in lending, regulations, change and credit risk. You understand business and financial risk dynamics and have a good understanding of the lending side of banks. You thrive in a high-performance environment, and you’re a strong team player. 

What’re more: 

• You’re proactive, entrepreneurial and change-driven
• You’ve in-depth regulatory expertise
• You have experience with bank policies and regulations in the field of credit risk and can translate these in requirements
• You have good project management, stakeholder management and communication skills (both written and oral)
• You have a strongly developed risk mindset e.g. first line of defence principle
• You have at least 5-7 years experience
• You’re eager to learn

We offer

• The gross monthly salary displayed above is based on a 36-hour work week, including vacation pay and benefit budget.
• The Benefit Budget is 11% of your salary. The Benefit Budget allows you to acquire additional employment benefits. If you make no purchases or reservations in the Benefit Shop in a given month, you are paid one twelfth of your Benefit Budget that month.
• Five weeks of vacation per year. You have the option to purchase an additional four weeks per year.
• Personal development Budget of € 1,000 per year, which you can accumulate up to € 3,000.
• Possibility to work from home (in consultation with your team and depending on your position).
• An annual public transport pass with free public transportation throughout the Netherlands.
• An excellent pension scheme.

Interested?

In case you have any questions after reading this vacancy please get in touch with Karina van den Berg (Head of FCD Office ai) via karina.van.den.berg@nl.abnamro.com or Anne Marie Verkuijl (Business Consultant FCD Office) via anne-marie.verkuijl@nl.abnamro.com. Please submit your motivation letter and CV in English.

We look forward to hear from you.