Senior Compliance Officer - Kent/Hybrid - £55k

Job Description

Key Job Responsibilities:Regulatory

• To be responsible for providing rigorous and accurate interpretation, advice, guidance and consultation on regulatory requirements.
• From a Second Line of Defence (2LOD) perspective, providing support to Senior Management and Operations in making their First Line of Defence (1LOD) decisions on key issues and regulatory requirements relevant to the business model and strategy.
• To deliveranenvironmentinlinewithindustryandregulatoryrequirements,ensuringkeyregulatoryrisksareunderstood,in particular, the FCA Handbook, PRA Rulebook, and the Senior Managers and Certification Regime. To deliver and implementanappropriateframeworktomanageandcontrolthese risks and support 1LOD in this.
• To lead the implementation ofregulatory horizon scanning and regulatory change process, capturing relevant changes for information and action.
• As part of the horizon scanning process, to review and identify all relevant published regulatory papers, updates, and any other relevant communications from the regulators.Undertake analysis, interpret, and provide views and commentary recommending coursesof action/mitigation/challenges as required to Senior Management and the Board.
• To interpretregulatory permissions against the business activities performedand in line with both firms direction and business plan, as products evolve and develop.
• To be responsible for creating and leading aneffectiverisk-based compliancemonitoringplan,ensuringbusinessdeliverycomplieswithapplicableregulatoryandindustrybestpractice and enhancing the plan where necessary to reflect changes to strategy,business model and regulatory requirements..
• To prepare reports and papers on Compliance, Risk and any other subject or risk related matters for escalation and discussion at Board, Group Audit, Risk and Compliance Committee, and other external or internal meetings.Reviewtrendsandrecommend reviewsofstrategicoperationsand activitywhereappropriate.
• To provide a 2LOD view on material outsourcing arrangements in line with regulatoryrequirements for third party product providers. To monitor the Procurement Teams implementation of the outsourcing requirements through the Compliance Monitoring Planand provide 2LOD oversight on the management of risks.
• To compile TCF (Treating Customers Fairly), conduct and culture management information as part of compliance and risk reporting and monitoring, for discussion with Senior Management and Board.
• To ensureallsupervisory, regulatory,statisticalreturnsandnotificationsare completed and submittedtotheFinancial Conduct Authority (FCA)accuratelyandinatimelymanner.
• To support the review and update of policies, manuals and operating standards, from a risk and compliance perspective.
• To support develop knowledge and understanding of financial services regulation (FCA & PRA) as required toCommittees, Senior Management, and staff.
• To develop and build constructive working relationships with a range of external and internal partners, including appropriate regulatory bodies (e.g. FCA and UK Finance).Respond promptly to requests for advice or information from these bodies.

Operational

• To be responsible for scheduling and maintaininga risk-basedcompliancemonitoringschedule forall relevant FCA & PRAregulatedbusiness activities,ensuringthataneffectiveaudittrailispresent.
• To approve financial promotions, financial documentation and web pages and recommend changes as necessary, from a 2LOD Compliance and Risk perspective, ensuring all regulatory compliance standards are adhered to.
• To embrace conduct regulation by driving a good conduct and culture through the Business.
• Responsible for acting in an advisory role to support the business in embracing good customer outcomes.
• Responsible for providing compliance and regulatory oversight/advice on projects and changes which affect the businessand where they may align with the widerGroup.
• Torecommendthedeliveryoftrainingrequiredbythebusinesslinesas needed to continually support regulatory skills and knowledge through the business.
• Support and assist theHead of Compliance as required.
• To provide advice on and coordinate the firms implementation of the FCA & PRAs Senior Managers and Certification Regime. Completing and monitoring applications to the FCA & PRA, notifying of changes as appropriate. To be the regulatory liaison in any SMCRmatters, between the businessand the regulators.
• To escalate any areas of concern to theHead of Compliance and the Chief Risk Officer, as necessary.

Risk

• Responsible for leading the annual review and update of the Risk Management Framework and Risk Appetite Framework with sign-off by the Executive and Board.Ensure they remain aligned to industry and regulatory requirements.
• Ensure that all required risk assessments activities are undertaken by 1LOD in an appropriate manner, adopting best practice, guidance, and overseeing the implementation of the Risk Management Framework.
• To oversee the 1LOD maintaining aRisk Management Register, thereby identifying all relevant risks and assessingresidual risk exposure after effecting appropriate and proportionate mitigation.
• Support the senior management and risk ownersto maximise risk opportunities within the laid down risk appetite and to maintain controls that are effective and proportionate to the size and nature of business undertaken
• To identifyandreviewevidencedinstancesof incidents,controlbreakdownsorineffectivecontrolcoverage, ensuring ownership by the businesswithresolution and notification to relevant authorities where appropriate.