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Head of Business Risk (Compliance), Cambridge
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Client:
Blakemore Recruitment
Location:
Cambridge, United Kingdom
Job Category:
Other
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EU work permit required:
Yes
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Job Reference:
6237a80be01f
Job Views:
14
Posted:
23.05.2025
Expiry Date:
07.07.2025
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Job Description:
We are currently recruiting for a Financial Planning practice in Cambridgeshire who are looking to recruit a Head 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 ensure the business is compliant with FCA regulations and that all activities are within the law. Daily responsibilities include assessing the compliance of internal processes against current regulations, maintaining reporting, and advising and training staff. As regulations and legislation evolve, you are expected to stay informed of best practices and ensure internal policies adapt accordingly. You will also manage the Risk Management (RM) Team and oversee its objectives. Additionally, as part of the Management Team, you will support the Board in achieving the company's business objectives and vision for optimal client outcomes within a positive working environment, ensuring strategies and priorities are implemented effectively.
Main Duties:
* Communicate the company’s objectives and vision to the team.
* Manage the Risk Management team: oversee daily activities, address welfare issues, support development, and conduct appraisals.
* Develop, review, and update policies, procedures, and client-facing documents.
* Review breaches and determine if they are reportable to the FCA.
* Ensure the business stays current on legislation, regulation, and best practices, working with the Compliance Officer on their implementation.
* Build risk awareness among staff through support and training.
* Assist in planning, designing, and implementing a comprehensive risk management process.
* Identify and implement continuous improvement initiatives to enhance business efficiency.
* Assist with risk assessments, analyze risks, and identify, describe, and estimate risks affecting the company, employees, clients, reputation, assets, and shareholders’ interests.
* Arrange and oversee audits of policies and compliance, liaising with internal and external auditors.
* Support the Compliance Officer with regulatory returns, surveys, and questionnaires.
* Review new major contracts or internal business proposals (e.g., due diligence).
* Manage relationships and liaise with third-party compliance support providers.
* Assist with implementing the company’s Training and Competency Scheme.
* Serve as the firm’s Data Protection Manager under GDPR.
* Create and maintain records for management reporting and special projects.
* Lead a culture of compliance.
General:
* Comply with the Senior Managers & Certification Regime, including Conduct Rules.
* Adhere to the company handbook and policies at all times.
* Follow compliance procedures guided by Risk Management and FCA regulations.
Experience:
* Prior knowledge/experience of Risk Management (compliance) within Financial Services.
* Working knowledge of FCA/Compliance regulations and requirements.
* Experience managing a busy and varied workload.
* Ability to work to deadlines with changing priorities.
* Experience working in a dynamic office environment.
* Experience managing individuals and providing training.
Qualifications:
* CII/CISI Level 4 Diploma or working towards it.
* Maintain competence and performance as required by the firm.
* Stay updated on relevant product, legislative, and technical changes.
* Maintain and record CPD accurately.
* Regularly review training needs and pursue relevant professional development.
* Set and achieve personal performance objectives with the Director in charge within specified timeframes.
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