Job Description
My client is currently seeking an ambitious and talented Compliance Officer to play a key role in ensuring that the business operates within the legal, regulatory, and ethical standards set by the relevant governing bodies, particularly in the financial services sector.
The role will involve overseeing risk management processes, ensuring compliance with regulatory requirements, and promoting a culture of ethical business practices across the business.
Key Responsibilities:
* Support the implementation of FCA rules and regulation, and monitoring its adherence.
* Oversee the delivery of the Compliance Monitoring Programme, ensuring activity is fulfilled correctly and on time, and undertake thematic reviews of operational activities, including outsourced activities and suppliers as appropriate.
* Provide advice and guidance on managing regulatory and operational risks, ensuring these are fully identified, assessed, documented and mitigated appropriately.
* Monitor the ‘IAR' programme, ensuring effective controls are operational in respect of all sub-broker and appointed representative activities.
* Lead on the development of Quality Assurance processes, acting as a key contact for staff who act as the first line of defence, to guide on conduct risk and compliance issues.
* Develop compliance and/or regulatory policies, procedures and processes to ensure they support the business in satisfying its commercial objectives in a sustainable manner.
* Record any non-compliance incidents or notifiable breaches, ensuring appropriate remedial actions are put in place and that the incident log is up-to-date.
* Support the development, implementation, and maintenance of the risk management framework, and regularly review and update the risk register, ensuring that risks are properly documented and controls are in place as appropriate.
* Conduct risk assessments, including scenario analysis, stress testing, and business continuity planning, and providing guidance to the business on managing risks as appropriate.
* Monitor and report on emerging risks and regulatory changes that may impact the business.
* Regularly review existing services and related materials – including financial promotions - to ensure they comply with the FCA’s rules and other relevant regulations.
* Ensure that all staff are aware of, and comply with, all relevant FCA requirements, conducting regular training for staff on risk management, compliance, and regulatory change.
* Keep up to date with industry knowledge to ensure appropriate competency levels are maintained including, keeping abreast of FCA and other regulatory developments.
* Support adherence to Senior Managers & Certification Regime (SMCR) requirements.
* Provide operational updates and MI on compliance matters to senior management regularly, and on a quarterly basis to the Audit, Risk and Compliance Committee.
Key Requirements:
* Previous experience as a Compliance professional within the Consumer Credit sector
* Detailed knowledge of FCA rules and regulations, with the ability to support and influence colleagues on their compliance and risk responsibilities.
* Experience of performing in highly effective teams; identifying and implementing improvements to operating methodologies and inspiring excellent performance.
* Tenacity to investigate areas of concern across all business functions.
* An ability to interpret, understand, maintain and advise the business on a broad range of legal and regulatory issues, with strong corresponding reporting skills.
* Good at building relationships with stakeholders in the business, building trust that facilitates an open mindset and free exchange of information.
* Function independently, on own initiative and multi-task in a dynamic, changing environment.
* Excellent presentation and communication (oral and written), and project management skills.
* Ability to adapt communication style and tailor the approach to suit varied stakeholder needs.
To express your interest, please apply today or for further information, please contact Terry Wetters (Founder/Director, Barleycorn): 07891 708 941 / terry@barleycorn.io