What you will do
You will maintain a regulatory risk management framework to ensure that the allocated business unit(s) (e.g. Retail Finance/Banking/Vehicle Finance) function complies with all regulatory requirements, in particular those of the FCA and other regulatory bodies.
Key Responsibilities
Reporting:
• Provide regular reports and management information to the Chief Compliance Officer, relevant committees and senior management on regulatory risk and compliance matters relevant to the allocated business function(s). This includes giving second line assurance that the business is delivering good outcomes for customers and meeting its regulatory objectives, and raising any significant issues, concerns or regulatory breaches.
Advisory:
• Provide guidance on the proper application and interpretation of laws, regulations and policies applicable to the allocated business function(s) products and/or services. These include rules, guidance documents, codes of conduct and internal policies designed to meet regulatory compliance.
• Analyse and communicate regulatory changes relevant to the allocated business unit(s)ensuring the business remains compliant with all relevant regulatory requirements (including but not limited to the FCA Principles for Business, relevant FCA sourcebooks, data protection regulation, etc.). Provide advice on remedial steps.
• Review and sign off Financial Promotions and customer literature for the allocated business unit(s).
• Contribute to discussions on new project activities, new business development and/or commercial initiatives providing regulatory risk management expertise and advice ensuring regulatory requirements can be met.
• Ensure all Compliance-owned policies and procedures are kept up to date.
• Provide first line business managers with guidance on the development, implementation and maintenance of robust policies, procedures and practices for regulated activities.
• Contribute to the regulatory risk assessment process for the allocated business unit(s), ensuring regulatory risks are appropriately assessed and managed by relevant operational management in the first line of defence.
• Ensure conflicts of interest within the allocated business unit(s) are appropriately managed.
• Attend relevant business unit Committees and Forums, providing input and challenge to ensure regulatory compliance is considered at all times
• Actively monitor regulatory incidents and ensure remedial action taken provides good customer outcomes
• Assist the wider Compliance team with regulatory initiatives and inter departmental projects and activities as required.
Training:
• Deliver training to new starters and other colleagues on regulatory compliance.
• Assist in the development of an effective internal compliance culture by promoting the benefits of ethical business conduct.
What you will bring
• Detailed knowledge and experience of Financial services and UK banking regulatory compliance and FCA handbook (CONC, DISP, etc).
• Sound knowledge and insight into the operations of the FCA and other relevant regulatory authorities.
• Strong planning, insight and judgement required.
• Excellent communication skills with effective engagement up to Exec level.
• Strong stakeholder management skills and ability to influence and instigate change up to Exec level.
Everyone is different. Everyone is valued
As part of our vision to become the most trusted specialist lender in the UK, we’ve been helping customers and businesses fulfil their ambitions since 1952. In that time, we’ve learned that we’re more than the sum of our parts. We’re a strong Group because of our people and our strengths; specialist, expert, ambitious and also diverse. All of our people are different and this is something we celebrate.
Every one of our employees brings unique talent, ability and perspective to their role.
That’s why Secure Trust Bank Group nurtures differences. We understand that we perform better because we’re not cast from the same mould. We actively embrace and support diversity, work with leading industry bodies and promote initiatives that reinforce our philosophy of giving you the freedom to be who you are.
We’re an award-winning bank providing savings accounts and lending services to over one million customers. We’re Secure Trust Bank Group. We embrace difference.