Exciting opportunity for a Head of Risk and Regulation within the Lending department of one of the oldest independent banks in the UK .
The role is based in the South Coast Office
The Bank operate as a dynamic, niche savings and lending bank with a portfolio of ATMs and a well-established, market-leading payment services division.
Reporting to the Head of Lending, the main role of the Head of Regulatory Risk - Lending, is to provide the Division with appropriate regulatory risk guidance and oversight for its business operations and to work as part of the first line of defence within the Bank's risk governance framework. This will involve undertaking regular risk assessments and to drive the Division's compliance monitoring plan including that for its outsourced introducers, conducting compliance monitoring testing reviews and where appropriate conducting on site visits.
Ensure that all compliance matters relevant to and undertaken by the Division, conform to both regulatory requirements and the Bank's policies.
Own and undertake the regulatory compliance risk assessment processes used to inform and drive the Division's Compliance and Outsourced Monitoring Plans.
Own and ensure that all tests required under the Compliance and Outsourced Monitoring Plan's are completed on schedule, to the required Bank central compliance standards and that appropriate records are maintained.
Conduct off-site outsourced introducer visits to complete testing and other tasks, and to ensure timely remediation of actions arising and to ensure re-testing is completed on an agreed schedule to robust standards.
Be responsible for and ensure all compliance monitoring is tracked and monthly reports are provided, including a commentary on progress, for inclusion in the Division's monthly report to the Board and EXCO.
Perform such other ad hoc duties that may be required as part of ensuring that the Division has a robust first line compliance framework that is working effectively.
In performing any of the duties required of the position, to ensure that full and proper consideration is taken of Conduct Risk and TCF requirements, as may be amended from time to time.
Build, enhance and maintain relationships with key stakeholders within the Division and across the Bank generally as appropriate.
Assist with regulatory due diligence when the Division increases the number of its outsourced introducers.
Assist when the Division is subject to compliance reviews undertaken by Bank central Compliance.
Skills and Experience
An understanding of compliance issues, particularly as applicable to a FCA consumer credit regulated lending environment.
The ability to communicate clearly, both verbally and in writing, to both junior and senior staff of the Division, Bank generally as well as external bodies.
The ability to draft reports in a clear and concise manner, suitable for the Division and Bank's senior management and external distribution.
Experience of working in a PRA / FCA regulated environment. For example, SYSC 8, CONC, DISP, PRIN, Consumer Credit Act, FOS complaint handling, T&C etc.
Experience of effectively using compliance monitoring plans or conducting site visits to review compliance.
Experience of writing policies and procedure manuals and overseeing their implementation.
Experience of owning and delivering a compliance monitoring plan.
Minimum of 5 years plus working in a related compliance function to have included suitable monitoring experience.
Head of Regulatory Risk - Lending
|Job Title:||Head of Regulatory Risk - Lending|
|Location:||South East England,|
|Salary:||£70000.00 - £85000 per annum + Benefits|
|Contact Name:||Nick Irow|
|Job Published:||almost 4 years ago|
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