Compliance Advisory Manager
A member of the CBD Compliance Team, which provides technical advice on either business or change programme activities across the Division. Supports the Advice team by:
- Supporting the CBD business in achieving its strategic goals through delivering specialist, consistent and clear advice to key business, change and functional initiatives across the Division.
- Independently provides timely and accurate written and/or verbal guidance, advice and challenge in relation to compliance matters across the CBD businesses.
- Delivering technical support, advice and guidance on non-standard issues and responds to requests from internal customers for specialist advice to facilitate the resolution of issues.
- Escalating any identified breaches or material issues to senior management.
Key Accountabilities:
- Works with the business to formulate standards, systems and procedures by providing technical input and developing procedures in support of the businesses’ strategic objectives.
- The role holder must be able to independently answer queries in relation to at least one specialist compliance area across the CBD businesses and be able to provide cover on other areas where required (see ‘Experience’ below for more details).
- Works with closely with policy interpretation colleagues to ensure consistent and high quality service is provided to the business.
- Represents the Compliance function in key strategic projects at both a CBD and Group level and assists in ensuring that initiatives and strategic changes involved in are implemented in a compliant manner and risks/issues are appropriately managed.
- Provides Compliance oversight, assessment and challenge to the New Product Risk Approval Process to ensure a consistent application of Group policies and regulations, especially with regard to Treating Customers Fairly. This includes attending project working groups.
- Provides Compliance input to any Group Notifiable Events arising.
- Identifies and addresses compliance issues at an early stage allowing key business/change initiatives to deliver on schedule, within budget and with all necessary controls in place.
- Provide compliance input and direction to senior management, Risk and relevant divisional and Group Committees in relation to the CBD businesses.
- Deputises for the Advice Team Manager where required.
- Attends business boards and committees where appropriate.
- Developing open and supportive working relationships with all other areas within and external to Compliance.
- High level of awareness of internal policies, regulators, codes and regulations that apply to the CBD businesses.
- Achieves and maintains the appropriate level of competence in the role.
General Accountabilities:
- Actively considers the inherent, material risks of the CBD businesses/Central Functions.
- Analyses the risk profile and seeks confirmation that policy/risks are being appropriately identified, assessed and mitigated to the desired level (i.e. within Risk Appetite).
- Provides expert support to the business on the management of Conduct and Compliance risks by interpreting and complying with the relevant risk policy standards and risk management framework.
- Provides senior management with relevant management information and reports and escalates concerns where appropriate.
Experience:
- Strong financial services experience, providing compliance advice to large/complex financial services institution(s).
- Knowledge of the political and regulatory environment pertaining to Retail and/or Corporate Banking institutions required.
Proven expertise in relation to at least one of the following areas across the CBD businesses:
o Mortgage Conduct of Business Sourcebook
o Business Conduct of Business Sourcebook
o Dispute Resolution: Complaints
o Data Protection Act
o Consumer Credit Act
o Anti-Bribery and Corruption
o Conflicts of Interest
o Financial Promotions
- An understanding of relevant legislation and regulation and their commercial impact
- Evidence of planning and organising skills.
- Demonstrates resilience and resolve in challenging situations in order that effective action is taken when escalations are made.
- Ability to identify core issues and potential abuse of procedures from a broad range of sources and trends and recommend fit for purpose solutions.
- Has the ability to “think outside the box” when facing non standard/complex situations.
- Provides commitment to geographic and travelling flexibility
Technical Capabilities:
- Good understanding of conduct risk management disciplines in Financial Services.
- Understanding of how regulatory, political, reputational and environment issues impact the division.
- Knowledge and experience of managing and supporting complex regulatory programmes to successful conclusion.
For more Details, please visit our Website – www.hamlynwilliams.com and for further information send any queries to s.hewett@hamlynwilliams.com or call me on 0203 675 2930
Hamlyn Williams is an Executive Recruitment consultancy that specialises in placing Risk, Compliance, Regulatory Information Security professionals globally:- offering Retained, Contingency and Interim/Contract recruitment solutions for the Financial Professional Services.
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