Compliance and Risk Lead
WFH or Hybrid
12-months FTC, full time
Salary: £45-48k DOE
Straightforward financial solutions with a human touch
Our client, Foresters Friendly Society, is a well-established financial services company based in Southampton, Hampshire. They are a mutual, which means that profits are distributed to their members through policyholder bonuses to their savings and investment plans. They also provide a bespoke membership benefits package which gives back to their members in discretionary grants each year.
Foresters Friendly Society celebrate their 190th anniversary in 2024 putting members at the heart of all they do.
They are now seeking a confident and experienced Compliance and Risk Lead to join their team. You will be assisting the CEO with their overall responsibility for the Societys Compliance and Anti-Money Laundering Reporting Officer duties. You will also provide the support with some legal matters including the Societys contracts with third parties.
Compliance and Risk Lead, your role:
* Advising and monitoring compliance by the Society with all current and future FCA requirements in all areas of responsibility (and reviewing other regulatory updates)
* Leading on implementing all regulatory change within remit
* Liaising with Chief Risk Officer concerning identification and mitigation of Regulatory Risk
* Guiding compliance input to Business projects and initiatives and managing policies and training material
* Ensuring all complaints are handled in the appropriate timescales and investigated properly
* Looking after FCA returns
* Overseeing Risk Management Framework (design, maintenance and ongoing framework)
* Supporting Society to identify, assess, analyse and report key and emerging risks and issues
* Ensuring that monitoring of risk exposures against risk appetite is undertaken and integrate within risk reporting
* Being responsible for the Compliance budget - challenging spending and reducing costs
* Producing annual Compliance Reviews and Plans for consideration and approval by the Audit, Risk & Compliance Committee
Compliance and Risk Lead, the person:
* Previous involvement in FCA and PRA regulatory Compliance
* Experience of complaint handling, anti-money laundering implementation and monitoring and compliance monitoring
* Knowledge of life insurance, with profits and ISA products
* Good communication skills (verbal and written)
* Ability to work on own initiative
* Confident Microsoft Office user
* Desirable:
* Experienced in line management/supervision
* Familiar with mutual environment preferably Friendly society
Compliance and Risk Lead, the benefits:
* Competitive salary and pension provision
* 25 days annual leave plus Bank Holidays and the day off for your birthday
* Holiday purchase scheme buy up to 3 extra days per annum
* Group Life Assurance 4 times your salary
* WPA Cash Plan
* Bonus based on individual performance up to 5% of your salary each year
* Staff discounts
* Pension provision 10%
* Employee Assistance Programme free, confidential advice line
* Car park off site, paid for
Offers will be conditional upon pre-employment checks, including financial checks, being completed to the Societys satisfaction.
Pure Human Resources Limited works in partnership with Foresters Friendly Society in providing HR and Recruitment support. No applications from agencies please.
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