Senior Compliance Officer

Head 4 Talent
Newport, UK
12 Aug 2019
18 Sep 2019
Contract Type
Full Time
Come and work for an exciting business that has ambitious growth plans for the next five years. We are looking for an experienced Compliance professional with experience in financial services.

Purpose of role:

The Compliance Officer will have responsibility for compliance with the regulatory regime applicable, in particular Financial Conduct Authority (FCA) and ensure that the activities and business undertaken and client markets across Europe are carried out in accordance with local rules and regulations and provide updates on all regulatory compliance matters.

Key Accountabilities:
  • Lead and own all compliance activities ensuring alignment with local regulatory requirements for activities and business including concise, accurate and relevant compliance reporting including whistle blowing, breach reporting, regular regulatory reporting, reporting of suspicious activities, and complaints handling (as applicable)
  • Ensure that Culture, Conduct Risk, Treating Customers Fairy and best practice standards are embedded across the business
  • Develop and implement a risk-based Compliance Monitoring Programme (CMP), ensure reviews are appropriately implemented and performed
  • Manage CMP reviews and ensure timely and effective reporting highlighting regulatory weaknesses and areas of non-compliance for management together with recommendations for corrective action. Ensure periodic reporting of CMP reviews are made to the Senior Management, Risk and/or Management Committees as appropriate.
  • Monitor and follow-up on corrective actions ensuring appropriate coordination and escalation with relevant parties
  • Ensure all compliance policies, procedures, systems and controls are up-to-date and effective
  • Maintain all compliance documentation to ensure it is fit for purpose, accurate and up to date with all regulatory changes
  • Identify and manage compliance training to ensure that staff are aware of their regulatory compliance obligations and raise their awareness of their individual obligations in relation to regulatory, escalation and reporting requirements
  • Keep up to date on relevant regulatory developments and to review changes to regulation, and advise the Senior Management on changes necessary to meet new or revised regulatory requirements
  • Act as an advisor to the business operations and provide guidance, advice and support in relation to all regulatory matters and ensure continued technical understanding of the activities and regulations
  • Lead and manage ad hoc investigations or reviews as and when required
  • Lead and organise the Risk Committee and other management committees as appropriate
  • Ensure the company has all any necessary regulatory permissions, in accordance with business activity
  • Ensure that, where necessary, individuals are duly and correctly registered (and de-registered) with the FCA as Approved Persons a. Review on an ongoing basis.
  • Perform Regulatory Reporting and ensure it is submitted in a timely fashion
  • Oversee, in conjunction with the MLRO, that effective Financial Crime policies in place, including managing the due diligence on customers including on-going CDD
  • Perform other additional tasks as required from time to time directed by Senior Management
  • Promote a good compliance culture by adherence to policies, procedures and codes of conduct and ethics, applicable from time to time, including requirements to manage confidential and sensitive information appropriately
  • Provide board level compliance reporting

Personal requirements/skills - qualifications
  • Bachelor's Degree in Management, Finance or Law
  • Relevant and wide experience in Compliance in the Insurance Industry
  • Excellent communication skills and ability to handle challenging situations at the highest stakeholder levels (up to Group CEO level) internally and with external bodies (e.g. Regulators)
  • Extensive experience in dealing with regulatory bodies, specifically the FCA
  • Excellent understanding and knowledge of local regulations and international compliance practices
  • Strong analytical, interpersonal, communication and facilitation skills
  • Proactive, with the ability to generate ideas and think creatively with a solution-oriented approach
  • Strong internal and external stakeholder & relationship management skills

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