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Head of Compliance Monitoring

  • Location

    Leeds

  • Discipline:

    Compliance

  • Job type:

    Permanent

  • Salary:

    to £65,000 + Benefits

  • Consultant:

    #

  • Email:

    rabelson@merje.com

  • Job ref:

    RA/15593

  • Published:

    2 months ago

My client is a well-known consumer finance organisation who are looking to grow their team by appointing a Head of Compliance Monitoring to develop and document the Compliance Monitoring Framework across the group.  Responsible for a small team and reporting to the Compliance Director, the role will be hands on and encompass the following;

Key responsibilities include:

  • Deliver the compliance monitoring and testing outputs agreed in the annual compliance risk monitoring plan by carrying out relevant reviews as appropriate and using relevant resources
  • Conduct routine outcomes testing of high risk activities and associated line 1 controls
  • Carry out ad-hoc investigations as required, completing root cause analysis to identify any possible systemic issues. Ad hoc investigations could result from a testing/monitoring review or through a review of operational MI.
  • Work with Head of Policy and Advice on projects to advise on post implementation monitoring requirements
  • Ensuring adequate records are maintained for all monitoring carried out the business and that actions are followed through and tested
  • Ensure that all external audits from whatever source are retained and that appropriate management response and actions are taken in a timely manner.
  • Act as SME to the business on all monitoring queries; promoting a culture of compliance across the firms’ strategic business units and ensuring that the TCF outcomes are embedded within all activities as a matter of course

 

The Person:

  • Relevant skills and knowledge, demonstrated through similar previous experience within a financial services regulated environment.
  • Understanding of the UK regulatory regime and rules applicable to the Consumer Finance sector (CONC)
  • Experience of setting up and delivering 2nd line Compliance Monitoring frameworks within an FCA regulated environment
  • Strong communication, organisational and prioritisation skills

 

Salary is commensurate with experience and will be commensurate with the role.

 

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