Compliance and Legal Manager

The Compliance & Legal Manager will be responsible for supporting and challenging the wider Society on all compliance aspects to ensure compliance with the rules of the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA). The role is key for working on a subject matter that will enable the Society to be successful in their ambitious growth and digital programme.

Client Details

My client offers affordable, everyday employee health benefit solutions that show organisations care and help keep staff engaged.

Description

Main Responsibilities

• Responsible for the day-to-day management, coaching and development of the Compliance staff. Tasks include:

• Conducting regular one to one's
• Facilitating 6 month and full year 'My Conversation' reviews
• Responsible for managing day-to-day business operations in line with internal policies and procedures
• Ensure relevant targets, KPI's and objectives are met

• To work collaboratively with the relevant business areas to help shape & implement the compliance & legal strategy by identifying effective initiatives that are aligned to the Society's business goals

• Lead on relevant strategic activity ensuring projects are delivered on time & within budget

• To provide timely, consistent, accurate and clear advice on regulatory compliance and legal affairs best practice and issues, including the review of relevant regulatory consultation papers
• Overall responsibility for the review, maintenance, and enhancement of our compliance framework, monitoring processes and ensuring that regulatory compliance rules and staff awareness is embedded in all change programmes
• To drive regulatory compliance awareness of controls across the business
• Ownership of legal records across the business via centralisation within the Contracts Register listed below. Legal advice is not required to be given by the role holder. External legal advice to be sought where necessary
• To provide technical support and challenge to change initiatives
• Implementation of ongoing regulatory compliance and legal related tasks, such as maintenance of all compliance registers (see below), compliance monitoring programme, monthly compliance dashboard and regulator requests or risk assessments
• Review of operational risk incidents relevant to the department and ensure correct closure and future prevention
• Review and analyse existing processes and practices and help to identify regulatory compliance, or legal affairs risks and solutions
• To support the Society's risk function in assessing, understanding and reporting compliance risks
• To support internal audits of the department, ensuring actions are closed within agreed timescales
• Undertake research on regulatory requirements and best practice
• Develop, maintain and own relevant regulatory compliance policies and Compliance Department procedures for the Society
• Provide technical training and regularly communicate with employees to ensure awareness of regulatory compliance requirements
• Any other duties required by the Director of Governance

Compliance Registers - Records

The list of registers below is not exhaustive as the function holder would be expected to add or delete as necessary to ensure that the Compliance Department holds the records expected of a regulated entity

• Compliance Advice (written or verbal)

• Compliance Monitoring Programme (CMP), including periodic reviews / deep dives into regulated or operational processes
• Complaints - Primary Owner, Conduct & Financial Crime Manager/Deputy MLRO
• Conflicts of Interest
• Contracts, including accurate and timely records of due diligence checks of vendors (staff contracts are n/a)
• Data & Information Security Breaches
• Financial Promotions
• Financial Crime inc Fraud & KYC - Primary Owner, Conduct & Financial Crime Manager/Deputy MLRO
• Gifts & Hospitality
• Internal Audit Actions
• IT Systems Access
• Policies & Procedures, including accurate and timely records of approval and review by owners (including the Board)
• Regulatory Breaches
• Regulatory News / Emerging Risks / Horizon Scanning
• Regulatory Reporting & Returns - ownership of compliance returns plus oversight and timely monitoring of all returns performed by other departments within the society and group
• SMCR, including accurate and timely records of staff submissions and withdrawals and maintenance of the Society's Regulatory Responsibilities Map
• Suspicious Activity Reports (SARs) - Primary Owner, Conduct & Financial Crime Manager/Deputy MLRO
• Training (regulatory compliance related, i., not including HR, H&S or Facilities)

Senior Manager Function Prescribed Responsibilities & Behaviours

• Responsible for prescribed responsibilities and senior management functions as laid out within the PRA/FCA Senior Managers & Certification Regime (SMF16 Designate)
• ICO Data Protection Officer

Profile

To be successful in this role you will need to have the following skills, knowledge & qualifications:

• Experience in a senior Compliance role, or comparable position at a regulatory body, and hold appropriate professional qualifications
• In-depth understanding of industry standards and regulations i. UK financial services and FCA rules
• Experience in supporting operational areas with regulatory compliance, including understanding a company's use of information technology and or digital marketing
• Delivery of a compliance strategy to achieve success and drive forward compliance awareness for the society
• Experience of implementing large regulatory change projects
• Proven experience of developing and implementing compliance procedures
• Proven people management experience and leading a Compliance function to achieve results
• Excellent problem-solving skills
• Excellent analytical skills to e., interpret and apply UK regulation
• An effective and engaging communicator, able to present complex information in simple context, adapting your style to suit your audience
• Accomplished in forging effective relationships at all levels
• Skilled at influencing, negotiating and managing challenging conversations with ease
• Able to work in a team or alone and effectively collaborate to achieve common goals
• Resilience and ability to work effectively in a busy environment, prioritising carefully and escalating when necessary

Our values & behaviours

• You will consistently role model our values & behaviours, whilst encouraging others to the same

Job Offer