THE COMPANY:
We are working with an expanding banking Group based in Kent, who provide simple and straightforward day-to-day banking solutions to their specialist customers. They are looking for Senior Compliance Advisor on a temporary basis. This is a hybrid role (2 days in the office per week).
THE RESPONSIBILITIES:
- A key responsibility of the role is the provision of a wide range of specialist / technical advice to the business related to regulatory and compliance matters on an ongoing basis.
- The role requires the individual to be sufficiently familiar with the rules of the FCA, PRA, PSR and other applicable regulatory / industry bodies, to provide accurate, timely and pragmatic advice to the business.
- The role will encourage all staff to champion an environment that leads to good customer outcomes through their understanding and approach to conduct and culture, including the FCA’s requirements related to the Consumer Duty. Provision of advice to the business will include, but not be limited to, regulatory compliance for new projects, annual reviews, marketing, and new products.
- A key responsibility of the role is ensuring that all Compliance policies remain up to date, in accordance with regulatory change.
- A focus of the role will be on the creation, review and updating of Bank-specific Compliance policies on an ongoing basis.
- Regulatory research and policy gap-analysis will need to be undertaken, to provide advice to the business on implementing policies / policy changes in line with regulatory requirements.
- Working closely with Compliance colleagues, the role will ensure that policies are reviewed in accordance with timeframes established by the Document Approval Schedule and that relevant committees are informed, sufficiently early, to ensure that required deadlines for policy reviews and approval are maintained.
- A key responsibility of the role is to assist with planning and developing the Compliance Operating Model (COM), working alongside the Bank’s existing Senior Compliance Manager and Compliance Team.
- As the Bank is embarking on its five-year growth strategy, the focus of this project will be undertaking a current and future state assessment of the COM and working with business areas to implement a plan of enhancements aimed at a more sustainable and scalable COM.
- Liaise closely with the Senior Compliance Manager and Head of Compliance to undertake deep dive assessments on key areas of concern (e.g. identified from compliance monitoring, significant regulatory focus, ongoing or material incident(s), follow up to a red internal audit finding, etc).
- To bring to the early attention of the Chief Risk Officer (SMF16) instances where breaches of relevant legislation and regulations are suspected.
EXPERIENCE REQUIRED:
Significant compliance experience gained in a financial institution or other similar environment:
- Regulatory / compliance advice experience
- Horizon scanning experience
- Compliance oversight / assurance / monitoring experience
- Policy writing / development / change experience
- Regulatory / compliance risk management experience – understanding of risk management frameworks
Deep knowledge of regulations (e.g. FCA, PRA, PSR, etc.)
Regulated Financial Services / IT literate / monitoring outsourced business operations / Lending assessments and reviews
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