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PURPOSE OF THE ROLE:
The Senior Compliance Advisory Consultant supports the Head of Compliance in the provision of a reliable and responsive advisory service on regulatory matters, internal policy and compliance process requirements to ensure compliance with new or existing regulations and best practices.
Requirements
REQUIRMENTS:
- Be involved in the Compliance Regulatory Change Management Process, ensuring that relevant 'upstream' legal and regulatory changes are proactively identified, analysed and communicated to the business.
- Oversee the implementation of the business changes required to ensure ii's ongoing compliance with its regulatory obligations.
- Be involved in, when required, handling matters escalated due to the identification of suspicious activity, or identified through the Enhanced Due Diligence process, and ensures appropriate steps are taken to address those activities and mitigate the risk to ii.
- Take decisions regarding the submission of reports to relevant authorities (e.g. STORs and/or SARs) and regarding the maintenance of higher risk customers (including PEPs).
- Assist in the development and maintenance of financial crime risk assessments and for the preparation of reports for Executive Management and the Board (e.g. the annual MLRO Report).
- Oversee the Compliance Regulatory Breach Management Process and ensure that Compliance Analysts have appropriately categorised and risk rated regulatory breaches.
- Provide support to the Head of Compliance with the development and maintenance of internal policies and standards.
- Engage in reviewing and approving Vendor Engagement Forms and Data Protection Impact Assessments.
- Support the Senior Compliance Advisory Consultant with the development of less experienced Compliance colleagues
- Represent the Compliance function at relevant working groups and/or committees
- Prepare summaries, presentations, briefing notes and any other required documentation to effectively report on regulatory matters
- Submit regulatory returns
- Review and develop regulatory training modules (e.g. 'eLearning')
- Respond to external requests for information (e.g. Governmental Orders, Counterparty AML Due Diligence Questionnaires)
SKILLS REQUIRED:
- Proven ability to work effectively in a cross-functional and often ambiguous environment.
- Ability to work effectively in an extremely fast paced environment, to think creatively, and apply knowledge to problem‐solving and issue resolution.
- Strong analytical skills and judgment - decisive, confident decision maker.
- Negotiating, influencing and collaborating with the ability to deal with conflicting points of view and effect creative and responsive solutions; a proven team player.
- Effective presentation and communication skills - with the ability to draft superior quality reports, policies, manuals, procedures, and business correspondence for an executive level audience.
- Self-starter, with strong problem-solving skills (in particular the ability to interpret legal and regulatory texts) and the ability to proactively identify issues and recommend solutions.
- A relevant industry qualification (desirable).
TECHNICAL ADVICE:
- Business Conduct (incl. Consumer Duty*, CASS, Product Governance, Financial Promotions, Personal Account Dealing, Complaint Handling, Appropriateness, Suitability, Customer Vulnerability, Best Execution, SMCR, Outsourcing)
- Financial Crime (incl. AML, ATF, ABAC, Sanctions, Market Abuse and Fraud)
- Data Protection (incl. PECR)
- Transaction Reporting
- Pensions Regulation (incl. FCA, HMRC, TPR, FRC, QROPs etc.)
- Individual Savings Account (ISA) Regulations (e.g. HMRC's "ISA Managers' Guidance")
- PRIIPs / UCITS
- London Stock Exchange, Takeover Panel and Listing Rules
