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Head of Compliance and Risk

RD Financial Recruitment
Closing date
5 Feb 2022

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Contract Type
Full Time
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The Head of Compliance and Risk is a key position within the financial services division of a global brand, based in Bracknell. Initially a 6 month contract with the potential for extension or permanent opportunities.

In leading the Compliance and Risk function the role involves providing and maintaining up-to-date risk assessments, risk appetites and risk registers across the business and providing Senior Management with timely, accurate and focused management information and reporting.

Main Responsibilities:
  • Manage the Compliance and Risk function to ensure the company meets all regulatory requirements and guidance through the review of existing processes, procedures and controls and enhancing or implementing changes where required.
  • Maintain knowledge of ongoing regulatory change and ensure proactive communication with the business to develop appropriate policy and framework to manage the changes.
  • Provide day-to-day advice and guidance to the business on technical compliance matters relating to FCA Compliance.
  • Be accountable for the implementation of compliance policies, procedures and framework which require close collaboration with or execution by the business.
  • Prepare and execute an annual Compliance Monitoring Plan for the business which includes regulatory reporting, sampling and returns.
  • Act as the first contact point for the Financial Conduct Authority including ensuring all annual and ad hoc regulatory reporting obligations are satisfied and completed by their due date.
  • Design, implement and embed an operational risk and control framework across the business.
  • Design and report Risk and Control position for the business to internal and external stakeholders.
  • Working with business units to deliver fair customer outcomes across all commercial activities.
  • Design and deliver Risk and Control training, to embed activity across Operations that will strengthen control, understanding, and implementation.
  • Work in partnership with appropriate stakeholders to ensure the risk appetites are accurate and that the associated controls are accurate and robust and aligned to key Operational processes.
  • Provide reports where necessary to the wider group, including a Compliance Report directly to the Board of Directors.
  • Conduct compliance risk assessment processes to detect process gaps and inconsistencies.
  • Co-ordinate the production of regular, accurate and timely Management Information and chair the Risk and Compliance Committee.
  • Supervise the workload of the Compliance Department and be responsible for the management and personal development of the Compliance Associates.
  • Provide leadership of the Risk and Compliance function.
  • Have oversight of Compliance Breaches and Operational Incidents including managing escalation and reporting as required

Qualifications, skills and experience:
  • Ability to assess whether the application of regulatory rules and standards is appropriate
  • Ability to provide accurate and concise advice to the business
  • Strong Operational Risk technical knowledge to ideally include: COSO methodology
  • Strong Regulatory Knowledge to ideally include: CONC, PRIN, SYSC, DISP,SUP
  • Strong analytical skills
  • Ability to interpret regulatory rules and guidance as they apply to the business
  • Ability to develop an effective operational risk programme
  • Ability to provide accurate and concise advice to the business
  • Good knowledge and use of Microsoft office programs and IT environments
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