Regulatory Change Analyst
91% skill overlap
To add: Prudential and regulatory reporting (COREP, FINREP, US call reports)
Your role
Conduct Risk Analyst
BriefYour role
- L3 salary
- Not published yet
- Upcoming dated changes
- 17 changes ahead
What the role does
Conduct Risk Analyst is a role in Compliance, Financial Crime & Regulatory Reporting. The family covers AML, KYC, sanctions, fraud, compliance and regulatory reporting. The core skill is conduct and investor protection rules (MiFID II, FINRA, SEBI), and the main work is AML transaction monitoring, audit and assurance and conduct and investor protection.
Levels
- L1 Starting out
- L2 Independent
- L3 Senior or specialist
- L4 Leads a team or an area
- L5 Leads the function
Full level descriptions and job titles
The EFO level names are the common scale; job titles differ between employers.
| Level | What the work looks like | Typical years | Typical job titles |
|---|---|---|---|
| L1 Starting out | Learns the job; executes defined tasks with supervision | 0-2 | Banks: Analyst, Junior Analyst, Associate (asset servicing), Trainee, GraduateAsset servicers: Junior, Specialist (entry), Officer |
| L2 Independent | Owns a process end to end; trains L1; first contact for the team's clients | 2-5 | Banks: Analyst / Senior Analyst, AssociateAsset servicers: Specialist, Senior Specialist, Senior Officer |
| L3 Senior or specialist | Deep expertise; handles exceptions and change; represents the function in projects | 5-9 | Banks: Senior Associate, AVP, Assistant ManagerAsset servicers: Senior Specialist, Expert, Team Lead (small team) |
| L4 Leads a team or an area | Manages people or a large process; owns budgets or controls; escalation point | 8-14 | Banks: VP, Manager, Senior ManagerAsset servicers: Team Lead, Manager, Head of Section |
| L5 Leads the function | Accountable for the function in a legal entity or region; sets priorities and standards | 12+ | Banks: Director, Executive Director, Managing Director, Head of functionAsset servicers: Head of Department, Director |
Skills
Where the skill weights come from
Each role lists its skills with a tier and a weight. The weights of one role add up to 100 percent.
Source: the EFO role catalogue, built from the ESCO classification and reviewed by the editors.
The percentage is the skill's share of the role; the bars are drawn relative to the anchor skill, which is shown full.
Critical
- Conduct and investor protection rules (MiFID II, FINRA, SEBI)Weight 13.4%Relevant to you
- Regulatory change impact assessmentWeight 8.9%Relevant to you
- Internal controls and risk oversightWeight 8.9%Relevant to you
- Anti-money laundering regulationWeight 8.9%Relevant to you
- Consumer credit and consumer duty rules (CCD, Consumer Duty, TILA)Weight 8.9%Relevant to you
Important and supporting skills 17
Important
- Ethical judgment in grey areasWeight 4.4%Relevant to you
- Professional written communicationWeight 4.4%Relevant to you
- Control mindset (what could go wrong)Weight 4.4%Relevant to you
- Data protection and privacy law (GDPR, CCPA, DPDP)Weight 4.4%Relevant to you
- Legal research and regulatory interpretationWeight 4.4%Relevant to you
- Attention to detailWeight 4.4%Relevant to you
- Risk judgment and escalation instinctWeight 4.4%Relevant to you
- Corporate governanceWeight 4.4%Relevant to you
Supporting
- Process mapping and redesignWeight 2.2%Relevant to you
- Operational resilience and ICT risk rules (DORA and equivalents)Weight 2.2%Relevant to you
- Advanced Microsoft ExcelWeight 2.2%Relevant to you
- Stakeholder managementWeight 2.2%Relevant to you
- Assessing the quality of sourcesWeight 2.2%Relevant to you
- Querying data with SQLWeight 2.2%Relevant to you
Useful
- Ticketing platforms (ServiceNow)Weight 0.7%Relevant to you
- Working to tight deadlinesWeight 0.7%Relevant to you
- Financial markets knowledgeWeight 0.7%Relevant to you
Processes
The work the role takes part in.
- AML transaction monitoring
- Audit and assurance
- Conduct and investor protection
- Credit risk and lending decisions
- Operational risk and controls
- Regulatory change management
What each process covers
- AML transaction monitoringMain
- Audit and assuranceMain
- Conduct and investor protectionMain
- Credit risk and lending decisionsMain
- Operational risk and controlsMain
- Regulatory change managementMain
- Data management and governanceSupporting
Dated changes for this role
- Second Consumer Credit Directive appliesRelevant to you
- DORA register of information: 2027 annual submissionRelevant to you
- CRR3 output floor rises to 60 percent in 2027 and 65 percent in 2028Relevant to you
- CSRD scope narrowed by Omnibus I; second wave reports from financial year 2027Relevant to you
- FINMA circular on nature-related financial risks phases inRelevant to you
Worth knowing
Salary snapshot
Salary figures are not published yet
The L3 salary range for this role, with its sources, will appear here when the salaries section opens.
Certifications
- CAMS
- ICA Diploma in Compliance
- CIPP/E
Concepts to know
Neighbouring roles
Roles that need many of the same skills, by weighted skill overlap, with the skills you would need to add.
Compliance Officer
90% skill overlap
Your role
Data Protection Specialist
57% skill overlap
To add: Identity and access management
Your role
Privacy Specialist (Technology)
56% skill overlap
To add: Functional analysis between business and IT, Identity and access management
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Legal Counsel
45% skill overlap
To add: Contract drafting and negotiation, Integrity and discretion, Applied employment law
Your role
Financial Crime Investigations Associate
42% skill overlap
To add: Fraud typologies and controls, Accounting fundamentals (double entry), Data cleaning and validation
Your role
Do this job? Suggest a correction
Sources
- The EFO role catalogue, with skills, levels and processes. How it is built
- ESCO classification of the European Commission (external site)
KYC (Know Your Customer)Know Your Customer is the process a firm uses to establish and verify who its customer is, who owns and controls it, what the relationship is for and how risky it is, before onboarding and throughout the relationship. In EU law it is carried out through customer due diligence measures.
MiFID II (Markets in Financial Instruments Directive II)MiFID II, Directive 2014/65/EU, is the EU framework for investment services and trading venues. It sets authorisation, organisation and conduct rules for investment firms and banks providing investment services, including suitability, best execution, inducements, product governance and conflicts of interest. It applies since January 2018 with MiFIR.
Transaction monitoringTransaction monitoring is the ongoing review of customer transactions, usually with rule-based or statistical systems, to detect activity that is unusual for the customer's profile and may indicate money laundering, terrorist financing or fraud. Alerts are investigated and, if suspicion remains, reported to the FIU.