To take senior accountability for regulatory and technical compliance assurance and money laundering/financial crime, as well as engaging effectively at Executive Level (both internally and externally) on behalf of the Chief Risk Officer.
To lead the provision of a full compliance and financial crime service to HCLIBS and its clients that ensures and provides assurance of full compliance with FCA regulations and to instil a compliant culture amongst HCLIBS employees.
Ensure senior level client compliance and financial crime relationships are appropriately managed on behalf of the Chief Risk & Compliance Officer.
Key tasks & responsibilities
* Produce and present compliance and financial crime focused papers for the Chief Risk & Compliance Officer to present to the RMAC and other internal committees as required.
* Act as alternative for the Chief Risk & Compliance Officer at formal committees and to deputise in his absence as and when required.
* Oversee the provision of a proactive compliance and financial crime service to clients ensuring that HCL IBS's compliance activity meets the requirements of each client contract.
* Maintain and develop client relationships, especially senior compliance and financial crime management for each client and executive level roles at each client.
* Oversee routine compliance technical and advisory activity, including the following:
* the production of Compliance Bulletins and regulatory change requests.
* the provision of advice on the FCA's conduct of business sourcebook; in particular on product disclosure, both internally and to clients.
* the approval of life and pensions procedures to ensure that these are compliant with FCA rule changes and that good business practice is being followed.
* Liaise with the FCA/ABI to seek clarification/interpretation of regulations and legislation.
* Lead regular desk based monitoring of business MI and review/challenge the results of regular compliance control self assessment results from the business.
* Identify requirements for, and direct delivery, of ad hoc projects at the direction of the Chief Risk & Compliance Officer.
* Working with our L&D team, ensure the content and scope of regulatory training rolled out across HCL IBS is fit for purpose.
* As Deputy Financial Crime Officer, provide proactive advice, support and training within the business to both prevent and monitor incidents of Financial Crime.
* Provide central advisory service on anti-money laundering ensuring that procedures remain up to date with FCA rules and the Joint Money Laundering Steering Group guidance notes.
* Attend client assurance and governance meetings as Chief Risk & Compliance Officer representative.
* Develop and maintain Compliance and Financial MI so that base data supports both internal and client needs and enables team to work efficiently and effectively.
* Manage the efficient allocation of work and resources within the team.
* Deliver on HCL IBS's performance management framework in the context of the Oversight, Advisory Technical and Financial Crime Teams.
* Constantly review the practices and role of the Compliance and Financial Crime team and seek continuous improvement and development of the team.
* Support the Chief Risk & Compliance Officer in the execution of his responsibilities as a Board Policy owner and FCA Approved Person.
Skills
* Understanding of the FCA rules on conduct of business, market conduct, approved persons, training and competence and working knowledge of FCA prudential requirements.
* Excellent knowledge and understanding of financial crime and money laundering requirements for a UK regulated financial services company
* Good knowledge of industry best practice in compliance, Excellent Customer Focus and Relationship Management skills.
Good presentation skills.