Description
Proactively provide compliance and regulatory advisory services to the Solutions and business lines as required and the relevant support/operational functions covering these business lines, ensuring that the advice provided is suited to the needs of the business lines
Advising on compliance and regulatory aspects of new products and participate in New Products Committee.
- Proactively maintain relationships and open communication with, and actively promote Compliance in front of, business lines and other control functions, providing support where necessary to address compliance requirements at earliest opportunity
- Active participation in the maintenance of the risk cartography, ensuring that the inherent regulatory risks posed by business activity are determined, the mitigating factors assessed to determine the residual risk and the actions required to further mitigate, or reduce, the regulatory risk
- Liaise with the Policy Training and Registrations Compliance Team in respect of any new regulation and their impact on the business lines
- Develop and deliver appropriate regulatory training for the business line using one-to-one and classroom methodologies
- Reviewing marketing materials to ensure that they comply with internal policies and that they are clear, fair and not misleading
- Active participation in investigations into incidents arising within the business lines that are the focus of the team
- Engagement with the Policy Training & Registrations Team, with active participation in the development of compliance policies and procedures
- Participation in the investigation of, and response to complaints arising concerning issues within the business lines
- Ensuring timely and accurate responses to regulatory enquiries and liaising with internal groups to obtain information
- Interaction with the Policy Training and Registrations team to assist in the registrations process for business line staff, where required
- Participating in the impact analyses of regulatory/exchange consultation documents with Compliance, communication of requirements to business line management as required, and ensuring the implementation of any developments arising within the business lines
- Active participation in the advisory team's involvement in Compliance Projects, to support the co-ordination and management of projects by the Head of Central Compliance (or a delegate)
- Proactive and timely escalation of issues to the Compliance Officer of the advisory team, ensuring regular and frequent communication on such issues
- Involvement in delivery of items in the annual Compliance Plan, which are relevant to the coverage of the team, in a timely manner
- Performance of team permanent supervision controls