Senior Compliance Team Manager
***PLEASE NOTE THAT MY CLIENT ARE NOT LOOKING FOR INDIVIDUALS WITH INVESTMENT BANKING OR WEALTH MANAGEMENT EXPERIENCE. MY CLIENT ARE LOOKING FOR INDIVIDUALS WITH RETAIL OR CORPORATE BANKING EXPERIENCE***
Purpose of the role:
This is an exciting senior compliance manager contract opportunity where the successful candidate will be leading one of the Advice teams providing advice to either the business or to change programmes across the CBD businesses and central functions. Supports the Head of Compliance within the Corporate Banking Division by:
- Leading, motivating and developing a diverse team of Compliance technical advice subject matter experts, ensuring provision of appropriate specialist expertise, support and challenge to all the CBD businesses and central functions, including delivery of the Operational Plan by the team.
- Supporting the CBD business in achieving its strategic goals through delivering consistent and clear advice to the various business and functional initiatives.
- Ensuring the business is reaching conclusions based on regulatory, policy and other industry standards and ensuring business stakeholders understand their key risks.
- Challenging the businesses’ and functions’ assessment of their Conduct Risks and ensuring that appropriate processes are in place to assess, mitigate, and report Conduct Risks.
- Timely escalation of any identified breaches or material issues to senior management
Key Accountabilities:
- Managing headcount and staff costs within agreed parameters.
- Ensure that all costs are for legitimate business purposes, are properly controlled, approved and within budget. This includes travel, expenses, training and payroll costs
- Works with policy interpretation team to deliver against key strategic objectives and ensure consistent and high quality service is provided to the business.
- Identifying and addressing regulatory issues at an early stage allowing initiatives to deliver on schedule, within budget and with all necessary controls in place
- Participation in key strategic business/Group led programmes with a substantial Compliance and/or Conduct Risk Component.
- Represents CBD Compliance and is engaged in the New Product Risk Approval process by providing advice and challenge to the business in the development of new products.
- Developing open and supportive working relationships with all other areas within and external to Compliance including the Group Advisory function.
- Drives a compliance aware culture, improving the understanding of Compliance risk and promoting best practice by fully engaging with all CBD Businesses and providing clear and consistent technical advice.
- Ensure early engagement of business and central functions in order that they are fully aware of all relevant political and regulatory developments and are mindful of these when devising their strategies and policies.
- Representing the Head of Compliance and/or Head of Policy, Advisory, Training and Communications as appropriate on key business projects and governance groups, providing input and challenge on Compliance and Conduct Risk matters and influencing these bodies as appropriate.
- Leading edge approach to risk management through maintenance of a sound and up to date knowledge of internal policies, regulators, legislation, codes, regulations and industry good practices that apply to the CBD businesses.
- Achieve and maintain the appropriate level of competence in the role.
Experience:
- Leading a team of 5-6 direct reports.
- Build capability within the team through identifying development needs and designing/implement training and development strategies.
- The ability to manage and develop a team of subject matter experts
- Actively considers the inherent, material risks of the CBD businesses and Central Functions.
- Analyses the risk profile and seeks confirmation that risks are being appropriately identified, assessed and mitigated to the desired level (I.e. within Risk Appetite).
- Provides expert support and advice to the business on the management of Conduct and Compliance risks. This includes complying with the relevant risk policy standards and risk management framework.
- Conducts challenge to the businesses to ensure 1 line compliance with policies/responsibilities.
- Provides senior management with relevant management information and reports and escalates concerns where appropriate.
Other Accountabilities:
- Significant experience in an upper managerial compliance role at a major international financial institution or consultancy, preferably commercial/retail or corporate/institutional focused.
- Previous experience of providing specialist compliance advice to senior internal customers across a number of businesses.
- An excellent understanding of relevant legislation, regulation and political environment pertaining to Retail and/or Corporate Banking institutions and the commercial impact.
- High level of flexibility and adaptability in order to be able to pick up complex regulatory issues at short notice and deliver solutions within short timeframes with the need for constant reprioritisation of the work of self and others.
- Proven ability to think strategically, creatively and to simplify complex policy positions and ensure that these are effectively managed and communicated.
- High level of influencing and conflict resolution experience.
- Provides commitment to geographic and travelling flexibility.
Technical Capabilities:
- Deep understanding of conduct risk management disciplines in Financial Services.
- Knowledge and experience of managing and supporting large and complex regulatory programmes to successful conclusion.
Summary of key requirements:
- Retail banking experience
- Conduct Risk coverage Including TCF, COBS, MCOBS, ICOBS
- Extensive compliance coverage
- Stakeholder Management
- Comprehensive managerial experience
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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