Regulatory and Legal Advisory
Provide advice to business and management stakeholders on regulatory compliance and legal matters related to support business decision making
Type
Domain
Competency Area
Risk Management, Governance and Regulatory Compliance
Levels
Determine risks and common compliance vulnerabilities
Ask probing questions to develop understanding of current scenario purpose and needs
Identify legal and/or regulatory risks to the business in current scenario
Examine management of risks related to common compliance or legal matters presented by the business by applying knowledge of relevant laws and/or regulatory practices
Research regulations and legislation to identify relevance and applicability to decision- making scenario
Assess impact of laws and regulations to current scenario
Apply data analysis methods and techniques to address deficiencies and discrepancies in information related to compliance matters from relevant regulators, external parties and internal business stakeholders
Draft advice and guidance for stakeholders based on research and identified laws or regulations
Assess impact and risks associated with changes or emerging global developments
Develop constructive recommendations or advice based on the application of laws and regulations
Identify and suggest legal and/or compliance risk management approaches based on knowledge of laws and regulations
Advise stakeholders on compliance or legal matters related to financial services laws and regulations, as well industry best practices
Provide guidance to customers on the interpretation and implications of relevant laws and regulations
Analyse implications of emerging or new laws and regulations
Give strategic advice on compliance and legal matters
Align impact of latest global developments, laws and regulations on risk assessments of the business
Engage with regulators, external parties, board, senior management, and other key stakeholders to facilitate decision-making on regulatory compliance and/or legal issues
Navigate how to address adverse impact of regulations and legislation on the organisation
Develop and define advisory strategies based on organisational position on laws and regulations
Consider relationships between business, laws and regulations and associated risks
Establish strategies and plans for assessment of risks and development of solutions to address risks which can be communicated to the organisation
Synthesise various sources of information on legal or regulatory matters
Use professional judgement to determine appropriate course of action for complex legal and/or compliance situations