EVP, Head of Regulatory Compliance
OVERALL OBJECTIVES:
To discharge an effective CF10 “Compliance Oversight” at all times by demonstrating a thorough knowledge of all regulatory handbooks and sourcebook applying it to the business model of the Bank.
Ensuring that the Bank remains fully in compliance with all statutory and regulatory obligations through active management of all aspects compliance, in addition to the development of responses to new regulatory environments and supervisory framework.
MAIN DUTIES / KEY RESPONSIBILITIES:
- Act as the Bank’s FCA and PRA Approved Person for the CF10 with direct responsibility of all aspects including the operation of the Compliance Oversight.
- To demonstrate and establish thorough knowledge of all handbooks and sourcebooks requirements and to translate these requirements into policies and procedures for the Bank.
- To develop subject matter expertise of all regulatory requirements relevant for the Bank in the form of policies, procedures and training.
- To review and analyze pending, new and existing regulations to determine impact to the Bank. To provide monthly updates and explanatory materials on regulatory changes changes/updates to impacted departments and to work with departments to define and implement policies, processes, procedures and related compliance tools including suitable training programme to ensure compliance with all applicable regulations. To also develop responses to regulators and other external bodies as appropriate on new regulations to promote the development of the Bank’s businesses.
- To actively monitor and translate the areas of upstream regulatory developments driven by the CRD4 and other rules and directives and to bring to the attention of the Executive Management. This is achieved by researching and interpreting relevant regulations and their applicability to the organisation and determines operational impact of the regulations and lead the implementation of such regulatory requirements to ensure compliance at all times.
- Provides a level of service to the businesses by monitoring all reporting requirements and ensure that they are being addressed by the businesses, preparing responses or notifications to the respective regulators/bodies and helping to ensure that business objectives meet all internal and external approval.
- To drive a best practise compliance culture throughout the organisation in respect of corporate governance, risk management, capital, liquidity and resolution frameworks and ensure that these are integral to all decision-making in the Bank, specially at the transactional level.
- To assist with day-to-day regulatory compliance issues and the handling of more complex regulatory compliance issues and non-routine inquiries by the Board and other stakeholders.
- To implement and manage the Data Protection framework and to keep up to date the Data Protection policies and procedures and to disseminate the new rules/regulations on Data Protection Act to staff.
- Act as custodian and to keep records of all correspondences with the PRA, the FCA and other regulators as appropriate
- Engage with the Deal Team process from inception and ensure that all Regulatory Compliance matters are addressed and signed-off on the deal structure, counterparties, advisors, etc.
- FCA and PRA / Legal Audit external suppliers
- To work with the business / client facing departments to ensure effective and efficient compliance processes that enhance business efficiency.
- Member of the Bank’s Credit Committee and Secretary to the ARCC.
BACKGROUND / EXPERIENCE:
Required qualifications:
- Degree and/or appropriate Professional Qualification
Beneficial qualifications:
- Islamic Finance Qualifications (IFQ);
- Team management / leadership;
- ACA/ACCA;
- CISI Investment Advice Diploma Level 4 or other relevant qualification
EXPERIENCE:
- Significant banking experience in a senior compliance and/or risk role.
Required Skills Knowledge:
- Comprehensive knowledge of banking and investment principles;
- Good understanding and experience of all elements of compliance with regulatory requirements and the deployment of training, reporting and controls within an organisation;
- Working knowledge of operational risk disciplines.
- Knowledge of AML, Anti Bribery and Corruption and Data Protection Act
Beneficial skills knowledge:
- Knowledge of accounting and financial controls
Personal skills:
- Excellent writing, communication and presentation skills;
- Superb interpersonal skills and ability to build good working relationships with colleagues at all levels;
- Able to demonstrate authority where necessary;
- Self starting and able to work autonomously;
- Must be innovative, providing solutions which are appropriate for the business and fit for purpose.
To apply, please send CV entitled “Head of Regulatory Compliance” to: apply@gatehousebank.com
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