• 2.6.1 Regulatory policy


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    Description of role

    Responsible for determining prudential and conduct of business rules requirements based on risks identified, standards set by relevant by Basel Committee on Banking Supervision, FATF and similar bodies and on international leading regulatory practices.

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    Core technical skills


    • Knowledge of the overall structure of capital markets and financial sector
    • Knowledge of supervisory risks, inter-linkages of the issue with asset management firms and the wider economic system
    • Knowledge of concepts of proportionality and risk based regulations
    • Knowledge of IOSCO principles and standards and also regulatory frameworks of reputable markets
    • Ability to analyse and hypothesise effects of regulation
    • Ability to determine need for revoking or changing a regulation
    • Able to articulate the connectivity and impact of current regulations and any proposed new regulation
    • Evaluate financial analyses of proposed regulation to determine optimal solution
    • Ensure that the proposed regulation will meet the performance criteria of current standards under testing

    • Ability to direct the development of policy based on business rules and identified risks in line with local statutory requirements and international conventions
    • Capable of articulating regulation(s) such that they are completely transparent and also not open to wide interpretation

     

     

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    Qualification and/ or certification

    • QFSQF Level 3
    • Relevant experience