Senior Compliance Officer - West Kent - £50k

Job Description

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 deliveranenvironmentinlinewith industryandregulatoryrequirements, ensuringkeyregulatoryrisksareunderstood,in particular, the FCA Handbook, PRA Rulebook, and the Senior Managers and Certification Regime. Todeliver and implementanappropriateframework tomanageandcontrol these risks and support 1LOD in this. To lead the implementation of the banks regulatory 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 viewsand commentary recommending courses of action/mitigation/challenges as required to Senior Management and the Board. To interpret regulatory permissions against the business activities and in line with the firms direction and business plan, as products evolve and develop. To be responsible for creating and leading aneffectiverisk-based compliance monitoringplan, ensuringbusinessdeliverycomplieswithapplicableregulatoryandindustrybestpractice and enhancing the plan where necessary to reflect changesto 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, Group Audit, Risk and Compliance Committee, and other external or internal meetings. Reviewtrendsandrecommendreviews ofstrategicoperations and 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 ComplianceMonitoring Plan and 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, statistical returnsandnotificationsare completed and submitted totheFinancial Conduct Authority (FCA)accuratelyandina timelymanner. 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 to Committees, 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 thesebodies.Operational To be responsible for scheduling and maintaining a risk-basedcompliancemonitoringschedule forall relevantFCA & 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 in embracing good customer outcomes. Responsible for providing compliance and regulatory oversight/advice on projects and changes. To recommend the deliveryoftrainingrequiredbythebusinesslinesas needed to continually support regulatory skills and knowledge through the business. Support and assist the Head of Compliance as required.To provide advice on and coordinate the firms implementation of the FCA & PRAs Senior Managers and Certification Reg