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Head of Risk & Compliance, Manchester

£75000 - £75000 plus benefits

This is a Senior role suitable for an experienced Risk and Compliance professional with a proven track record in Wealth Management.

  • Provide management oversight on all regulatory standards and policies in accordance with the rules and guidance of the FCA and to provide a compliant framework
  • Oversee the risk management approach and structure to achieve compliance with the risk management approach determined by the parent company
  • To oversee the establishment and operation of a comprehensive quality assurance programme to ensure the fair treatment of customers and compliance with the rules and guidance of the FCA in accordance with the annual compliance plan
  • To develop a positive compliance culture including the provision of proactive advice and guidance to ensure an awareness of compliance and risk management is embedded throughout the business functions and is an integral part of all decision making
  • Constructively challenge and contribute to the business planning process developing relevant strategies and assisting the Legal & Regulatory Director in the formulation of compliance strategy, budgets, policies, and procedures
  • Responsible for 14 FTE, the role holder will ensure that the teams provide a regulatory and risk management framework for c.200 financial advisers to deliver compliant financial planning and advice service to private retail clients, with embedded systems and controls

Key Accountabilities:

Leadership

  • Provide management oversight and leadership of the Risk and Compliance team to develop and maintain regulatory standards and policies
  • To lead, motivate and ensure the development staff with the Risk and Compliance and Quality Assurance teams and to define personal objectives for all members of staff within
  • Engender a spirit of continuous improvement across all compliance operations
  • To support and provide cover for the Legal and Regulatory Director in their absence

Regulatory Policy

  • Provision of technical advice and guidance to directors, senior management and all business areas, covering all elements of the FCA Handbook
  • Routinely review compliance operations and procedures to ensure these are efficient, customer focused and fit for purpose
  • Act as the interface with Regulators by providing notifications, routine reports changes to permissions and responses to ad-hoc enquiries
  • Build and maintain effective relationships with the regulatory authorities
  • Anti-money Laundering / Financial Crime
  • To oversee approach to anti-money laundering and counter terrorist financing and act as the Deputy Money Laundering Reporting Officer
  • Oversee the establishment of appropriate policies and procedures to ensure timely identification of regulatory requirements and guidance issued by the FCA

Risk Management

  • Identify emerging compliance risks by closely monitoring regulatory developments and internal and external business initiatives

Compliance Monitoring

  • Oversee the annual compliance monitoring plan strategy, activities, procedures and resources, ensuring that risk-based monitoring activity is carried out in accordance with the annual monitoring plan
  • Maintain an effective and robust process for independently assessing the quality of advice provided to customers against defined business standards and regulatory requirements

Complaints

  • To provide an independent complaints handling function
  • Oversee rigorous investigation of any concerns or rule breaches referred to the Legal or Regulatory function or revealed by regulatory management information or monitoring, regarding the integrity of registered individuals

Management Information

  • To ensure the provision of good quality Management Information and reporting to the Business Standards Group, Risk Management Committee and the Executive together with recommended solutions for issues identified
  • To ensure all risks of a significant nature and impact are reported to the Legal and Regulatory Director

Relationships, both internal and external: 

Internally - with Regional Managers, Senior Functional Managers, Senior Managers and Advisers, Risk Management Committee and Business Standards Group
Externally – the FCA, The Pensions Regulator, 3rd Party Suppliers, Platform and Product Providers

Knowledge, Skills and Experience:

Knowledge: 

  • Strong knowledge and understanding of business risk assessment and encouragement, and the FCA supervision and monitoring
  • Strong understanding and delivery of Corporate Governance

Skills:

  • Capable of building a strong relationship with business stakeholders and delivering a proactive programme of regular advice and practical support for all areas of the business
  • Proven track record of delivering operational change and improving standards
  • Project leadership skills and a proven leadership and credibility with directors and senior management
  • Capable of interpreting and delivering operational and strategic advice on regulatory developments processes and standards
  • Drafting skills – the ability to write documents, correspondence, briefing notes and procedures in a clear and concise format

Experience: 

  • A minimum of 3 years in a senior compliance role preferably within a multi distribution FCA environment, including regular contact with the FCA
  • Graduate level, preferably with professional related qualifications and experience
  • Experience of the FCA’s supervision approach, design and delivery of compatible risk management systems
  • Expert knowledge of the FCA handbook, principles for business, and the FSMA
  • A risk specialist with experience of developing a regulatory support and advisory function
  • Experience of strategy interpretation and delivery

Benefits:

  • Join an award winning, nationwide firm
  • Competitive salary
  • 35 hours per week, between 9am and 5pm, Monday to Friday
  • 25 days holiday per year, holiday entitlement increases to 26 days after five complete years’ service and then by 1 additional day per year up to a maximum of 30 days
  • Company pension scheme and Death in Service
  • Flexible employee benefits package, including PMI, CI and Dental

 

Location: 
Manchester
Employment type: 
Employed (Full Time)
Sector: 
Financial Planning
Reference Number: 
TB-1183