Head of Compliance Advisory

Role title:

Head of Compliance Advisory

Reports to:

Chief Risk Officer

Location:

Birmingham/Reading

Hours of work:

35 hours each week (with flexibility to meet deadlines as required)

SMCR Function:

This is a Certified Role

Purpose of role

To lead, oversee and manage the day to day operational activities of the compliance advisory function, ensuring issues and risks of a compliance and regulatory nature are appropriately managed. To support the CRO and to provide management direction, guidance and oversight to the compliance advisory team. Ensure compliance maintains a culture of high-quality customer care and compliance advisory support to the business within agreed regulatory control frameworks.

Key Responsibilities

1. Develop a thorough understanding of the business and regulatory landscape the business operates within.
2. Provide compliance advice, guidance and direction to the business on the legislative and regulatory requirements and impact of these requirements, as well as regulatory change, and ensuring application and control mechanisms are understood and consistently embedded.
3. Ensure there are effective compliance policies, procedures and controls in place in line with Ascot Lloyd’s regulatory obligations and expectations, including but not limited to the requirements of MiFID, GDPR, SMRC, RDR, AMLD, etc.
4. Identify, monitor and where appropriate provide challenges on compliance or regulatory issues that may arise within the Ascot Lloyd business.
5. Manage and develop the compliance advisory team to ensure they are motivated, effective and provide excellent support to all customers both internally and externally.
6. Develop a good understanding of the business, identify ways of improving upon practices with compliance to help deliver a service above basic regulatory and legislative requirements that enhance growth and success.
7. Support delivery of the business acquisition strategy and ensure compliance is represented on all acquisition projects.
8. Ensure that all GABRIEL returns and other regulatory reporting obligations are met on time and accurately.
9. Ensure compliance risks are appropriately identified and managed effectively, providing direction on corrective measures to the compliance advisory team and business alike so that these risks remain within acceptable and agreed parameters.
10. Assist in the production and presentation of compliance reports to various boards and committees within the Ascot Lloyd group.
11. Promote a good risk and compliance culture at Ascot Lloyd.
12. Encourage good risk management processes, fostering a risk-aware culture that acts as a business enabler through which management feels empowered to take risks in a manner that is transparent and that is in line with the business and risk strategy.