to £65,000 + Benefits
almost 2 years 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
- 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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