As the Manager, Regulatory Compliance at China Construction Bank Corporation, Sydney Branch (CCBC), the role holder will provide expert regulatory interpretation, legislative analysis, and regulatory change advisory services to CCBC covering a wide range of compliance areas relevant to wholesale banking, including licensing and authorisation requirements, prudential standards, reporting and disclosure obligations.
The role sits within the second line of defence and focuses on translating Australian financial services legislation, prudential standards and regulatory guidance into clear, actionable compliance requirements. The Manager, Regulatory Compliance will advise the Head of Internal Control and Compliance and senior business stakeholders on regulatory obligations, compliance risk and emerging supervisory expectations, ensuring that policies, procedures and controls are aligned with both domestic law and the Bank's wholesale operating model.
This role requires a practitioner who is a hands‐on team player in developing, implementing and monitoring compliance policies, processes and training programmes, while also serving as a trusted advisor to senior leadership.
Key Responsibilities Regulatory Interpretation & Legislative Advisory
* Legislative Analysis: Interpret primary and subordinate legislation (e.g., Corporations Act 2001 (Cth), Banking Act 1959 (Cth), AML/CTF Act 2006 (Cth), Privacy Act 1988 (Cth)) considering legislative intent, regulatory guidance and relevant case law. Identify ambiguity, overlap and conflicts across prudential, conduct and financial crime regimes.
* Prudential & Supervisory Interpretation: Analyse APRA prudential standards and guidance, and ASIC regulatory instruments, distinguishing binding requirements from guidance. Monitor supervisory trends to maintain defensible positions.
* Cross‐Border & Branch Structure Considerations: Assess application of Australian obligations to a foreign ADI branch, including extraterritorial implications and head office alignment.
* Regulatory Positioning & Risk Management: Prepare position papers, elevate interpretation risk and ensure regulatory positions are embedded in policies, procedures and controls.
Regulatory Change & Impact Assessment
* Monitor regulatory developments from APRA, ASIC, AUSTRAC, Treasury and other bodies for impact on wholesale banking operations.
* Assess new or amended legislation, prudential standards and regulatory guidance to identify operational, compliance and reputational implications.
* Conduct gap analyses to determine required updates to policies, procedures, controls and reporting.
* Translate regulatory change into actionable business requirements and risk‐based recommendations.
* Prepare executive briefings and summaries for Head of Internal Control and Compliance and governance committees.
* Support implementation of regulatory changes with first‐line business teams and control owners, tracking progress and reviewing post‐implementation effectiveness.
Policy & Framework Alignment
* Assist to develop, review and maintain compliance policies and procedures to ensure alignment with legislation, prudential standards and internal frameworks, reflecting wholesale‐only operations and head office requirements.
* Map regulatory obligations to the compliance framework, identify gaps or overlaps and recommend updates to policies, controls and monitoring processes.
* Work with the broader IC&C teams to embed policies into day‐to‐day operations and provide guidance or training where needed.
Licensing & Authorisation Advisory
* Support oversight of the Bank's authorisations under the Banking Act 1959 and associated prudential requirements.
* Assess regulatory implications of new business initiatives, including products, booking models and cross‐border arrangements.
* Advise on regulatory perimeter issues and wholesale client classification risks.
Regulatory Engagement Support
* Support responses to APRA and ASIC supervisory queries and thematic reviews.
* Assist in drafting regulatory notifications, breach assessments and reportable situation documentation.
* Contribute to preparation for supervisory meetings and prudential reviews.
Assurance & Control Advisory
* Provide subject matter expertise to compliance monitoring and assurance activities.
* Assist in evaluating adequacy of control design against legislative and regulatory obligations.
* Analyse incidents or breaches for underlying interpretation risk and recommend enhancements.
* Design and deliver targeted compliance training and awareness programmes for wholesale banking operations.
* Translate complex legislative and prudential requirements into practical guidance for business teams and senior management.
* Promote a culture of compliance awareness and accountability across the business.
* Use feedback, audit findings and lessons learned to continuously improve training content, delivery and effectiveness.
Stakeholder Engagement & Communication
* Act as a trusted advisor to first‐line business teams and Senior Compliance Managers on regulatory interpretation and change matters.
* Provide clear, concise advice suitable for executive and governance forums, distinguishing legal requirement, regulatory expectation and risk‐based recommendations.
Ad‐Hoc Responsibilities
* Execute compliance‐related tasks and projects as assigned by the Head of Internal Control and Compliance.
Experience & Qualifications
* Bachelor of Laws (LLB) or Juris Doctor (JD) required.
* Admission as a legal practitioner in Australia.
* 5+ years' experience in financial services regulatory law, including wholesale banking exposure.
* Strong familiarity with APRA prudential standards, ASIC conduct obligations and AML/CTF frameworks.
* Experience within a foreign ADI branch or complex cross‐border banking environment highly regarded.
* Advanced legislative and prudential interpretation skills.
* Strong written advisory skills, able to draft formal legal‐style memoranda and position papers.
* Analytical thinker able to translate complex regulatory provisions into practical compliance requirements.
* Strong stakeholder engagement skills with senior management, first‐line business teams and head office counterparts.
* High integrity, objectivity and professional judgement.
* Ability to operate autonomously and escalated material risks appropriately.
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