We are currently recruiting for a Financial Planning practice in Cambridgeshire who are looking to recruit a Heaf of Business Risk.
Job Purpose:
Reports directly to the Compliance Officer who acts as a direct line to regulatory authorities. Tasked with creating strategies and policies to make sure the business is compliant with FCA regulations and that everything they do is within the law. On a daily basis, you will assess the compliance of internal processes against current regulations, maintain reporting and help to advise and train staff. Because regulations and legislation change all the time, you are relied upon
to keep on top of best practice and to ensure that the business’ internal policies account for any changes. Responsible for managing the Risk Management (RM) Team and implementation of its objectives.
As part of the Management Team to support the Board to achieve company’s business objectives and vision for the best outcome for clients within a positive working environment; ensure the strategies and priorities of the company are implemented.
Main Duties:
1. Communicate the company’s objectives and vision to the team.
2. Manging the Risk Management team: day to day responsibility for the work carried out, dealing with any welfare issues, supporting development and conducting appraisals.
3. Developing, reviewing and updating policies, procedures and client facing documents.
4. Review of breaches and identifying whether the breach would be classified as reportable to the FCA.
5. Ensuring the business is up to date on legislation, regulation and best practice and working with the Compliance Officer on managing their implementation
6. Building risk awareness amongst staff by providing support, and training (where relevant) within the company
7. Assisting in planning, designing and implementing an overall risk management process for the company.
8. Identify and implement continuous improvement initiative to increase business efficiency.
9. Assisting with risk assessment, analysing risks as well as identifying, describing and estimating the risks affecting the company, its employees, clients, reputation, assets and interests of shareholders.
10. Arranging and overseeing audits of policies and compliance, liaising with internal and external auditors
11. Assisting the Compliance Officer with regulatory returns, surveys and questionnaires
12. Reviewing any new major contracts or internal business proposals (for example due diligence etc.)
13. Managing working relationships and liaising with third party compliance support providers
14. Assisting with implementation of the company’s Training and Competency Scheme
15. Is the firms Data Protection Manager under GDPR.
16. Creating and maintaining records to enable Management Information / reports to be provided to the Board as required with standing data and special projects.
17. Leading a culture of compliance
General:
18. Comply with the requirements of the Senior Managers & Certification Regime as follows: to Comply with the Conduct Rules
19. Adhere to the company handbook and policies at all times
20. Adhere to compliance requirements and procedures as guided by Risk Management and the Financial Conduct Authority regulator (FCA)
Experience:
21. Have prior knowledge/experience of Risk Management (compliance) within Financial Services.
22. Working knowledge of FCA/Compliance regulations and requirements
23. Experience of managing a busy and varied workload.
24. Experience in working to deadlines with changing priorities
25. Experience of working in a busy and dynamic office environment.
26. Experience of managing individuals / providing training
Qualifications
27. CII/CISI Level 4 Diploma or at least working towards this.
28. Attain and maintain level of competence& performance as required by the firm.
29. Keep up to date with all relevant product, legislative and technical changes.
30. Ensure relevant CPD is maintained and recorded accurately.
31. Regular review/research of own training needs and request appropriate personal professional training and development courses as required.
32. Agree personal performance objectives with the Director in charge and satisfy such objectives within specified timeframes.