Compliance Advisory Manager

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Job ID:

5198747

Location:

London 

Category:

Banking, Finance

Salary:

£70,000.00 per year
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Job Views:

956

Posted:

30.10.2018
col-wide   

Job Description:

Overview of the role

Ensure professional, strategic and operational compliance risk-management is in place and that the business is compliant with appropriate systems and controls by supporting it in meeting its regulatory objectives through delivering policy and advisory support, leading compliance projects, monitoring changes in regulation and performing impact analyses and embedding professional standards. A guiding principal of the role is to balance business opportunities and other commercial considerations, where appropriate, with compliance risks to maximise corporate performance and minimise financial, regulatory or reputational loss. The role holder will act as a 'trusted advisor' to the business, working together to find compliant commercial solutions but will also need on occasion to be a source of challenge.

Responsibilities

  • Provide support, advice and guidance on the compliance framework and policies and procedures and guide the business to identify, assess and manage compliance risk and meet professional standards set by the Client and regulatory requirements
  • Provide compliance oversight and reporting to the Compliance Director and the senior risk team, the senior management team of the division. Provide input to the Executive, Audit and Risk Committees
  • Provide focused specialist compliance advice to divisional staff taking into account business / client needs, external best practice and regulatory requirements. Bring challenge to the senior management of the division and make supportive interventions aimed at managing compliance within the division
  • Assist with the management and delivery of compliance work including scheduled and ad-hoc strategic projects; including the development and implementation of appropriate domestic and international professional standards in response to new rules, guidance, regulatory standards and group policy
  • Provide compliance work stream support on business-led projects and M&A integration projects
  • Carry out research and provide expert policy advice on a range of regulatory issues with a special focus on wholesale conduct risk. Maintain a highly visible and supportive role as a strong influencer and help internal stakeholders to understand conduct risk outcomes to anticipate, understand, prepare for and implement regulatory and policy change
  • Be familiar with the business and current regulatory and compliance initiatives in a way that is likely to meet the Financial Conduct Authority compliance requirements applying to a C2 firm
  • Respond to a wide range of complex enquiries, ensuring that the information provided is clearly understood by the business
  • Review and analyse key external trends and influences to ensure that a wide range of information is used to support the development of compliance strategies ensuring they are in line with the planned overall strategy of the wholesale divisions
  • Lead compliance training and awareness initiatives within the Specialty divisions

Key Skills

  • Good understanding and working knowledge of current compliance practices and techniques
  • Detailed technical knowledge and experience of the UK regulatory framework as it applies to insurance brokers, with a particular focus on wholesale conduct risk
  • Detailed understanding of wholesale conduct risk outcomes
  • Understanding of latest regulatory developments and key current issues facing insurance brokers
  • A thorough knowledge of the UK and US Anti Money Laundering, sanctions and Terrorist Financing regulatory environment preferable evidenced by an appropriate qualification
  • Being able get up to speed on new subjects quickly and deliver high quality output within tight deadlines. An understanding of the wider impact of regulation on consumers and businesses
Company Info
Grovelands

Company Profile



Company Info


Grovelands

Phone:
Web Site:

Compliance Advisory Manager

col-narrow-left   

Job ID:

5198747

Location:

London 

Category:

Banking, Finance

Salary:

£70,000.00 per year
col-narrow-right   

Job Views:

956

Posted:

30.10.2018
col-wide   

Job Description:

Overview of the role

Ensure professional, strategic and operational compliance risk-management is in place and that the business is compliant with appropriate systems and controls by supporting it in meeting its regulatory objectives through delivering policy and advisory support, leading compliance projects, monitoring changes in regulation and performing impact analyses and embedding professional standards. A guiding principal of the role is to balance business opportunities and other commercial considerations, where appropriate, with compliance risks to maximise corporate performance and minimise financial, regulatory or reputational loss. The role holder will act as a 'trusted advisor' to the business, working together to find compliant commercial solutions but will also need on occasion to be a source of challenge.

Responsibilities

  • Provide support, advice and guidance on the compliance framework and policies and procedures and guide the business to identify, assess and manage compliance risk and meet professional standards set by the Client and regulatory requirements
  • Provide compliance oversight and reporting to the Compliance Director and the senior risk team, the senior management team of the division. Provide input to the Executive, Audit and Risk Committees
  • Provide focused specialist compliance advice to divisional staff taking into account business / client needs, external best practice and regulatory requirements. Bring challenge to the senior management of the division and make supportive interventions aimed at managing compliance within the division
  • Assist with the management and delivery of compliance work including scheduled and ad-hoc strategic projects; including the development and implementation of appropriate domestic and international professional standards in response to new rules, guidance, regulatory standards and group policy
  • Provide compliance work stream support on business-led projects and M&A integration projects
  • Carry out research and provide expert policy advice on a range of regulatory issues with a special focus on wholesale conduct risk. Maintain a highly visible and supportive role as a strong influencer and help internal stakeholders to understand conduct risk outcomes to anticipate, understand, prepare for and implement regulatory and policy change
  • Be familiar with the business and current regulatory and compliance initiatives in a way that is likely to meet the Financial Conduct Authority compliance requirements applying to a C2 firm
  • Respond to a wide range of complex enquiries, ensuring that the information provided is clearly understood by the business
  • Review and analyse key external trends and influences to ensure that a wide range of information is used to support the development of compliance strategies ensuring they are in line with the planned overall strategy of the wholesale divisions
  • Lead compliance training and awareness initiatives within the Specialty divisions

Key Skills

  • Good understanding and working knowledge of current compliance practices and techniques
  • Detailed technical knowledge and experience of the UK regulatory framework as it applies to insurance brokers, with a particular focus on wholesale conduct risk
  • Detailed understanding of wholesale conduct risk outcomes
  • Understanding of latest regulatory developments and key current issues facing insurance brokers
  • A thorough knowledge of the UK and US Anti Money Laundering, sanctions and Terrorist Financing regulatory environment preferable evidenced by an appropriate qualification
  • Being able get up to speed on new subjects quickly and deliver high quality output within tight deadlines. An understanding of the wider impact of regulation on consumers and businesses