Description
6-Month Contract for a SENIOR COMPLIANCE MANAGER paying up to £600/day in the City for a leading RETAIL BANK.
The purpose is to support the UK Retail Bank Compliance strategy by delivery of the Compliance plan & objectives. You will lead a team of managers, setting objectives aligned to the delivery of the Compliance plan as well as performing a coaching and development role. You will enhance the compliance culture within the organisation by developing & managing effective relationships with key business areas/stakeholders within Retail Banking. Work closely with the compliance director to build & develop effective working relationships with regulators & other outside bodies.
Provide technical guidance, support & tailored feedback on regulatory issues to both the business & the Compliance Manager population, ensuring that new business proposals as well as existing processes, systems & controls comply with regulatory obligations & the Banks own standards & principles.
Key Accountabilities:
1/Strategy & Planning (35%):
Agree & take leadership on the development of the strategy, objectives & priorities.
Ensure sufficient resource allocated to provide appropriate support to the business & meet the Compliance Plan.
Proactively review & enhance compliance processes & procedures & develop innovative ways to improve the service provided by compliance.
Keep up to date on all regulatory related issues across a range of topics.
Be aware of changes to the Retail Bank businesses plan to ensure appropriate support is provided.
2/Service Delivery (30 - 60%):
Assess regulatory risks of new business initiatives, regulatory interventions & changes to the financial environment.
Interpret key regulatory rules, guidance & proposed regulatory changes in relation to the Banks products & services.
Provide oversight & guidance to managers & lead on complex/high profile issues.
Provide timely & relevant regular & ad-hoc reports as required both internally within the compliance department & externally within the wider group.
Resolve challenges to reports/issues/proposals & lead in taking difficult message to the business.
Build & manage relationships and with key stakeholders by providing advice support & solutions on a broad range of regulatory issues.
Manage relationship with the regulators & assist the Bank in understanding the regulators expectations.
Support & take the lead on regulatory visits & requests ensuring requirements are met & actions satisfactorily concluded.
Lead/contribute towards relevant external consultations discussions & policy debates as required.
Participate in & provide support to business wide projects/activities
3/Leadership (20 - 50%):
Be a role model for other compliance staff & ambassador for the department when dealing with the business & external stakeholders - drive & embed a compliance culture within the business.
Lead support & develop staff in accordance with the Bank guidance to assist them in performing effectively & achieving their objectives & agreed career aspirations.
Review & monitor performance of relevant reporting staff
Required skills and experience:
Broad and/or in-depth technical compliance knowledge and the application of FSA rules and guidance in relation to UK Retail Banking.
Working knowledge of key regulatory/consumer bodies including: OFFCOM, The Lending Board, ICO, Office of Fair Trading, Financial Ombudsman Service.
A wide experience and understanding of the banking insurance and life and pensions industry.
Working knowledge of UK Retail Banking, including structure, products and systems.
FPC and/or CEFA 4 and/or CeMap qualified or part qualified.
Risk, accountancy and legal experience/qualifications will also be considered
(Ideally you will have significant PPI experience but failing that, large scale remediation experience is appropriate).