Job Description
To take accountability for regulatory and technical compliance, money laundering/financial crime, and information security, as well as engaging effectively at Senior and Executive levels (both internally and externally) on behalf of the Head of Regulatory Compliance and Financial Crime.
To lead the provision of a comprehensive compliance, financial crime, and information security service to HCLIBS and its clients, ensuring and providing assurance of full compliance with FCA and other relevant regulations, and fostering a compliant culture among HCLIBS employees.
Ensure senior-level client compliance and financial crime relationships are appropriately managed on behalf of the Head of Regulatory Compliance and Financial Crime.
Key Tasks & Responsibilities
* Produce and present (if required) compliance, financial crime, and information security-focused papers and management information to HCL IBS internal committees and clients as needed.
* Oversee the delivery of a proactive compliance, financial crime, and information security service to clients, ensuring that HCL IBS’s compliance activities meet contractual requirements.
* Maintain and develop client relationships across compliance, financial crime, and information security management, including at senior levels.
* Support and oversee routine compliance technical and advisory activities, including:
* The production of Compliance Bulletins and regulatory change requests.
* Provision of advice on the FCA’s conduct of business sourcebook, particularly regarding product disclosure, both internally and to clients.
* Approval of life and pensions procedures to ensure compliance with FCA rule changes and other relevant regulations, and adherence to good business practices.
* Liaise with the FCA/ABI to seek clarification or interpretation of regulations and legislation.
* Identify requirements for, and lead delivery of, ad hoc projects as directed by the Head of Regulatory Compliance and Financial Crime.
* Collaborate with the L&D team to ensure regulatory training content and scope are appropriate.
* Provide advice and support on financial crime, compliance, data protection, and information security to the business, especially Operations and Change Management teams.
* Offer a central advisory service on anti-money laundering, ensuring procedures stay updated with FCA rules and JMLSG guidance.
* Attend and lead compliance, financial crime, and information security client meetings.
* Develop and maintain Compliance and Financial MI to support internal and client needs.
* Review and update quarterly compliance, financial crime, and information security risk registers.
* Manage the allocation of work and resources within the team efficiently.
* Implement and monitor performance management frameworks for the compliance, financial crime, and information security teams.
* Continuously review team practices and roles, seeking ongoing improvement and development.
* Act as deputy for the Head of Regulatory Compliance and Financial Crime at meetings and committees as required.
* Support wider Risk & Compliance activities, including incident reporting and assurance activities.
* Educated to degree level.
* Professional or recognized qualification(s) in Financial Crime, Compliance, or Information Security.
* Excellent knowledge of FCA rules on Consumer Duty, conduct of business, market conduct, SM&CR, and training and competence.
* Good knowledge of FCA prudential requirements and PRA regulations.
* Strong understanding of financial crime and money laundering regulations applicable to UK financial services.
* Knowledge of GDPR and the Data Protection Act 2018.
* Familiarity with industry best practices in compliance.
* Excellent customer focus and relationship management skills.
* Effective presentation and communication skills.
* Extensive experience influencing and engaging at senior and executive levels, both internally and externally.
* Technical experience in regulatory affairs gained through retail insurance experience.
Significant leadership experience in managing teams.
* Strategic thinker.
* Proactive in engaging with senior stakeholders.
* Ability to influence decisions at senior and executive levels.
* Team player capable of working independently.
* High standards in work quality.
* Strong internal and external networking skills at senior levels.
* Effective delegation, planning, and organizational skills.
* Excellent decision-making capabilities.
* Proven leadership and management skills.
* Ability to present facts clearly and understandably.
* Detail-oriented with a strategic outlook.
* Willingness to travel within the UK and internationally.
#J-18808-Ljbffr