The Fintech Talent Development,Competency, and Manpower Study

The Fintech Talent Development, Competency, and Manpower Study 74 The 13 Core Competencies for Fintech Professionals 8. Understanding of Compliance and Regulatory Environments Understanding of compliance and regulatory environments is about the comprehension of guidelines, parameters, and limitations imposed by the compliance and regulatory framework. To effectively comprehend this, individuals need to possess fundamental knowledge of the applicable regulations and their applications. They also need to operate within the essence of the regulatory framework and undertake necessary measures to improve the compliance environment. Understanding of compliance and regulatory environments involves a desire to understand both the context and the spirit of applicable regulations and guidelines as well as keeping abreast with regulatory developments. This also involves acting in accordance with the applicable regulatory guidelines and putting appropriate policies, procedures, and technologies in place to ensure proper corporate governance. Additionally, it requires engaging various stakeholders, including regulators, to create an operating environment that balances the interests of society. Ways of Working Competencies 9. Agile Working The person with this competency continuously reassesses the current situation based on newly available information, and makes adjustments to schedules, tasks, and priorities when appropriate. They are flexible and can adopt working styles to cater for different situations, and are open to using different tools and methodologies. Someone with this competency: • Demonstrates an ability to work within a variety of situations and outside expertise. • Is adaptable to current conditions and able to work under imperfect conditions. • Demonstrates the ability to do something that is just good enough for now and come back to it later. • Demonstrates the ability to take small steps and get feedback on whatever work he/she performed. • Reliably follows through on commitments. Builds trust with colleagues.