SCUK Economic Crime Compliance Manager

This job is with Santander UK, an inclusive employer and a member of my Gwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

SCUK Economic Crime Compliance Manager

Country:
United Kingdom

Santander Consumer Finance is one of the UK's Leading Motor Finance companies and we are currently looking for Economic Crime Compliance Manager.
The purpose of this role is to deliver a first class Economic Crime Compliance function, ensuring the business operates in accordance with all applicable laws, rules and regulations whilst supporting the strategy and commercial aims of the business.  Delivery of effective measures for prevention or identification, management and control of economic crime risks. Providing guidance to business on embedding and delivery of regulatory requirements.
Please note this role is a hybrid role with at least 3 days a week in the Redhill office. Remote workers will not be considered.
Responsibilities will include:
Maintain awareness of proposed changes to Financial Crime and fraud laws and regulation, clarify and assess potential impact on SCUK and prepare briefings for ExCo as necessary.

Represent SCUK on industry or regulatory forums to discuss developments and gain insight to inform of SCUK activity.

Support the development and maintenance of compliant, customer-focussed policies and procedures through maintaining an up-to-date awareness of developments to European and UK legislation, drawing on direction and guidance by senior management as required; to ensure delivery of relevant parts of these policies.

Manage implementation of all changes necessary arising from new law, regulation, rules, guidance, codes of conduct and industry best practice - in addition to policies imposed upon SCUK by our parent bank, Santander Consumer HQ and/or the wider Santander Group.

Ensure that appropriate, relevant and up to date Economic Crime compliance training is delivered across the business, including mandatory online modules and face to face sessions.

Maintain staff awareness of our regulatory obligations and compliance policies via use of various mediums.

Support development of effective Financial Crime and fraud MI capabilities and feedback systems to ensure that appropriate key risk indicators are identified and monitored by the businesses in a timely manner.

Liaise with internal departments to ensure Santander Consumer-wide reports accurately reflect the status of each function, escalating issues to senior management as and when appropriate.

Analyse Financial Crime and fraud MI to ensure processes/procedures operate in a compliant manner and are consistent with high-level policy. Where shortfalls exist, recommend strategies/plans for improvement and monitor action.

Is pro-active in identifying financial crime and fraud risks (including associated reputational risks) and issues and supports the delivery of appropriate solutions to mitigate and/ or address these.

Ensure senior management are promptly advised of any significant issues as they arise and assist in formulating action plans and preparation of any necessary notifications to regulators.

Instigate projects or initiatives which close regulatory gaps and manage actions to address issues identified via in-house monitoring, Internal Audit reports or regulatory reviews.

Review, research, develop and recommend systems, procedures and services to support continual improvement of quality assessments of compliance.

Assess, establish and monitor the effectiveness of initiatives that will produce significant improvements in regulatory compliance across the business.

Be the Compliance lead on Financial Crime and fraud related activities.

Design, implement and embed controls relevant to risks identified and perform ongoing testing of the design and performance of controls to ensure they remain effective in managing financial crime and fraud risks.

Represent the SCUK Compliance function at internal and external meetings, forums and committees as and when required.

Ensure compliance with relevant Financial Crime and fraud policies and procedures and new regulatory requirements.

Manage the…