Head of Compliance

The role is primarily responsible for overseeing compliance across the company, and ensuring compliance with all applicable laws, rules, regulatory requirements and related policies, and procedures. The role is responsible for establishing standards and implementing procedures to ensure that compliance programs throughout the company are effective.

Client Details

My client is a regulated and fast-growing UK bank headquartered in London, specializing in payment solutions for the global economy. Working in both developing economies and growth markets.

They are looking for an SMF16 - Head of Compliance within the Risk & Compliance team, reporting directly to the Chief Risk Officer.

Description

• Responsibility for the firm's obligations in relation to conduct rules for training and reporting.
• Responsibility for compliance with the requirement of the regulatory system about the management responsibility map.
• Customer Complaints Handling - This includes the firm's compliance with DISP.
• Responsibility for similar procedures relating to activities that do not come under the jurisdiction of Financial Ombudsman Service.
• Activities that take place outside the UK; and activities that are not subject to any ombudsman service.
• Maintaining and developing the regulatory compliance and conduct Risk Framework and policies in line with any regulatory changes and the business strategy.
• Development and implementation of regulatory compliance and conduct risk training programs through multiple channels such as online, classroom and lunch and learn.
• Development and execution of a compliance monitoring program including reporting and thematic second line assurance activity to ensure that the company remains compliant with regulatory standards.
• Ensure effective risk identification, reporting and escalation procedures are embedded and continually reviewed and enhanced as necessary.
• Build relations and be the main coordination contact with our key regulators.
• Undertake Regulatory horizon scanning - review, assess and communicate new and changed regulatory requirements that may impact the company; advise stakeholders on implications and requirements, ensure applicable stakeholder ownership and accountability and support implementation.
• Provide oversight of non-financial regulatory reporting.
• Provide oversight of the company's adherence to SMCR. Ensure that the Management responsibilities maps remain up to date and communicated across key stakeholders. Manage the process for gaining approval for new SMFs and updating the regulators on any relevant changes and leavers.
• Monitor compliance with, and embed a culture of Compliance, in line with the FCA rules and expectations.
• Support compliance with prudential regulations as applicable.
• Support strategic initiatives from a compliance perspective such as international expansion and product development. Provide compliance input and oversight as part of the new product approval risk assessment and approval process.
• Work with the whistleblowing and consumer duty INED champions in relation to undertaking annual reviews and reporting to Board Committees.
• Collaborate with the ESG team on ensuring that the company complies with its regulatory requirements in relation to climate change, including TCFD disclosures, and broader ESG requirements.

Profile

• Excellent technical knowledge across all key relevant areas of compliance including as applicable to UK dual regulated banks.
• Knowledge of regulatory standards as they relate to FX, Derivatives, Payments and Trade Finance.
• Ability to review, assess and understand applicable regulatory requirements or implications as pertinent to CAB's commercial activity across the globe.

Job Offer

• Hybrid working
• Contributory personal pension plan: Minimum: Employee 2% and Employer 7%. Employer matches contributions in 1% increments to a maximum of: Employee 5% and Employer 10%
• Life Assurance - 4 times annual salary
• Group Income Protection
• Private Medical Insurance - this may include cover for partner and or children at company cost. Cover includes Optical, Dental and Audiology.
• Discretionary Bonus
• Competitive Annual Leave
• 2 Volunteering Days
• Benefit Hub