Director of Compliance - Manchester, United Kingdom - Service Care Solutions - Sales

Service Care Solutions - Sales
Service Care Solutions - Sales
Verified Company
Manchester, United Kingdom

2 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

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Description

We are currently working alongside a leading online sales company, based in
Manchester, we are looking to recruit a
Director of Compliance to join their team.

This is an fantastic opportunity to join an expanding organisation with people and culture at their heart.


ROLE:
Head of Compliance


LOCATION:
Manchester or Blackburn


SALARY:
£70,000 - £90,000


The Role:

  • To lead group compliance across all of the business and driving a compliance culture aligned to the company values (Including own book finance company with full FCA permissions)
  • Embedding the core principles of consumer regulation into our general sales and operational teams
  • Horizon scanning of new regulatory developments and maintaining oversight of developments impacting the firm's activities
  • Identifying compliance risks and developing communication lines with appropriate controls within the regulatory framework
  • Producing accurate and timely quarterly and annual reports for the senior management team with key statements
  • Ensuring the "3 lines of defence" are being maintained throughout the business and all audits documented
  • Managing the compliance monitoring team including performance feedback and appraisals
  • Educate and train all associated members on regulatory, industry and compliance requirements
  • Proactively review current or new, policies, procedures and business practices to identify needed compliance changes, or situations that may pose significant compliance risks, and guide management in these.
  • Chair the compliance monthly meetings which will include matters such as quality assurance, horizon updates, potential risks, etc
  • Develop and maintain the compliance monitoring framework including:
  • Thematic reviews, file reviews and compliance monitoring activities under the compliance monitoring plan
- measure and test adherence to policies and procedures
- liaise with relevant staff/managers to ensure that remedial actions from compliance monitoring are closed out

  • Producing and sending all regulatory FCA reporting to the regulators on time and accurately

The Person:

  • Minimum 3 years of Financial Services experience with the ability to demonstrate knowledge and understanding of the motor finance market including insurance distribution
  • Ability to gain the FCA approval to hold the Senior Management Function (SMF) where required
  • Indepth knowledge and experience of all legislation and regulatory bodies for the industry and can display this at all times
  • Have a diversity and inclusion mindset to ensure that every associate is given the same opportunities to learn and succeed
  • As a senior leader, be able to communicate effectively at all levels and with a mentoring ethos for our associates
  • Confident in taking own initiative and identify opportunities to enhance our customer journey even when working to tight deadlines and under pressure
  • Ability to interact with a diverse stakeholder group
- ** ICA Diploma or equivalent in compliance is preferable but not essential

We also welcome referrals for this position, where a successful recommendation would be worth £250.
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