Head of Compliance - Financial Crime and Advisory Services

Head of Compliance - Financial Crime and Advisory Services

Working hours:

This role is available on a part-time, job-share or full-time basis

Location:

London (with travel to Swindon and Fareham)

As Head of Compliance - Financial Crime and Advisory Services, you will be responsible for managing a team who support the business with understanding and adhering to potentially complex regulatory requirements. This team will include all of the financial crime technical experts with a team of compliance advisors as well. You will oversee the delivery of technical financial crime expertise and regulatory services and expertise to relevant business areas, as well as supporting your colleagues within Compliance.

You will help to embed financial crime technical expertise and oversight processes as well as regulatory discipline within the business, manage and review compliance risks and advise on the design of appropriate controls and monitoring.

You will lead interaction with the first line financial crime team and embed a robust financial crime oversight framework, key outsource rs, supporting the Head pf Compliance with the Compliance plan, creating reports for boards and committees and interaction with Swiss and European colleagues.

The key accountabilities of the Head of Compliance, Financial Crime And Advisory Services role are:

• Ensure the Financial Crime team improve compliance standards by the provision of clear guidance and fair challenge
• Put regulatory requirements and the customer at the heart of everything we do
• Oversee the development and maintenance of appropriate second line Financial Crime governance, policy and controls
• Oversee the team delivering impactful and accurate Financial Crime reporting and MI
• Oversee engagement with Financial Crime Regulators, Trade Bodies and Law Enforcement including input to and implementation of new regulatory/legislative Financial Crime developments
• Oversee the operationalisation and execution of Financial Crime activities e.g. provision of advice, regulatory reporting, stakeholder management, investigations.
• Operational management and direction of the second line Financial Crime team
• Support the Head of Compliance with and influence internal Senior Management and external third parties
• Keep abreast of regulatory and business change
• Share expertise and knowledge both internally and within the business
• Escalate any identified issues to the Head of Compliance and Senior Management
• Establish, enhance and implement relevant Compliance procedures
• Deputise for the Head of Compliance as necessary
• Set, agree and review annual objectives for direct reports
• Provide clear strategy, training and governance to the Financial Crime team and any relevant advisors
• Ensure the Financial Crime Team and Advisors provide support to the business in respect of identified regulatory issues, adhoc queries and through change programmes (e.g. business developments or regulatory change)
• Oversee the effective operation of the External Change Review Group (ECRG) process on behalf of Legal, including identification, allocation and tracking of in-scope legal and regulatory change
• Organise and oversee an effective Relationship Management model
• Act as or delegate the appointed Advisor on propositional developments and other project work
• Allocate support for internal projects assessing the compliance risks for each project
• Create, develop and maintain strong relationships with stakeholders across the business

You should have at least 5 years’ experience in a similar Compliance related role within the Financial Services Industry. You will have excellent technical knowledge and experience of financial crime including an understanding of AML, economic sanctions and fraud. Ideally you will also either hold a qualification in a relevant field (e.g. Diploma in Financial Planning or Insurance) or be willing to work towards this.

You will have a broad knowledge of the Insurance and Investment Industry, the UK regulatory and governance framework and Financial Crime regime is essential. Knowledge of the EU pas sporting regime is also useful. In particular you should…