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Compliance Policy & Advice Manager, West Midlands
Client:
The West Brom
Location:
West Midlands, United Kingdom
Job Category:
Other
EU work permit required:
Yes
Job Reference:
4bb26ce4d640
Job Views:
7
Posted:
03.03.2025
Expiry Date:
17.04.2025
Job Description:
Job Description
Compliance Policy & Advice Manager
Salary: £60,000 per annum
Hours: Full time - 35 hours
Contract: Permanent
The West Brom is looking to recruit a Compliance Policy & Advice Manager to join our Risk team. The purpose of this role is to provide sound, accurate and commercial advice on regulatory (conduct and prudential risk) matters affecting the business, enabling the business to operate in accordance with industry best practices while meeting regulatory standards. Additionally, the role includes line management responsibilities for the Compliance Business Partners.
The role holder will also be expected to provide input into the Compliance, Data Protection, & Financial Crime Risk Management Frameworks and Policies to assist the Chief Compliance Officer in providing the Society with a Risk Assurance function as a 2nd line of defense, protecting both the Society and its customers by ensuring that Compliance Risks are effectively identified and managed.
Key Responsibilities:
* Manage and lead a small team of Compliance Business Partners.
* Develop and extend the team knowledge and competence in technical areas to minimize the impact of staff turnover and maintain continuity of support.
* Provide advice and guidance to the business on technical regulatory issues, utilizing broad financial services knowledge to contribute to policy changes to in-house regulations, analyzing the impact of regulatory changes, appreciating when potential issues require escalating, and ensuring the implementation of any required changes to internal policies/procedures.
* Ensure that the Society attains the highest standards of conduct and data protection regulatory compliance, in all areas of business operation, to meet all appropriate regulatory and legislative requirements by working closely with first line colleagues to fully embed the Society’s regulatory compliance “Traceability Matrix”.
* Provide subject matter expert advice on all conduct related regulatory sourcebooks (BCOBS, MCOB, ICOB, CONC, PERG, SYSC etc.) as well as providing horizon scanning overviews of relevant Prudential Compliance matters.
* Meet regulatory/legislative timescales providing well-structured, well-considered summaries of proposed regulatory change to the business and collating responses to the regulator as required.
* Participate in, and at times lead, Society projects and initiatives in support of improving the processes and products offered to customers, which may drive process efficiencies and ultimately cost savings.
* Produce MI and regulatory update reports for presentation at various levels of committees including regulatory timeline updates to the Executive and the Board.
Skills and Experience Required:
* Previous retail banking/building society experience and exposure to Compliance/Risk activity.
* Proven team leadership experience.
* Excellent oral and written communication skills with the ability to communicate with and present to a wide range of stakeholders from customer-facing assistants to Senior Executive level staff.
* High level of computer literacy.
What’s in it for you?
We believe our people are our greatest asset, which is why in addition to your salary you will be rewarded with a wide range of other benefits:
* Generous annual leave starting at 25 days + 8 bank holidays, (pro rata)
* Pension scheme where we will augment your contribution by 0.6% (Up to 10.6%)
* Social club membership – dozens of discounts available for a wide variety of family days out and events
* Performance related pay scheme
* Corporate health plan with the option to include family members
* Discounted travel cards
* Life assurance provided by the Society at 4 times your salary
We recognize that our employees have lives outside of work, with responsibilities and rewards which the Society respects and supports in ways that aim to bring the best out of them. We operate flexible/hybrid working at our Head Office, and our Recruitment team will be happy to share further details if you are interested in applying for a role.
Why choose the West Brom?
At the West Brom, we appreciate that our employees are unique individuals with differing needs depending on their specific circumstances and stages in life. We are proud of our heritage and absolutely believe that the West Brom is a great place to work.
Do it today and click apply!
*Please note – We reserve the right to withdraw our adverts earlier than the original published expiry date, therefore if you are interested please submit your application as soon as possible.*
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