Compliance Business Partner

Michael Page (UK); City Of London; Hybrid; GBP 65,000 - 75,000; Full time

Job summary

An established industry player is seeking a Compliance Assurance Specialist to enhance the effectiveness of its compliance team. This role offers the chance to conduct in-depth compliance reviews, engage with stakeholders, and produce insightful reports that drive improvements. With a focus on the UK financial services sector, you'll play a key role in ensuring compliance with legal obligations while fostering collaborative relationships across the organization. The position offers a competitive salary and a comprehensive benefits package, including hybrid working arrangements, making it an excellent opportunity for professionals looking to make a meaningful impact in the compliance landscape.

Benefits

Comprehensive Benefits Package

Personal Pension

Private Medical Insurance

Life Assurance

Enhanced Maternity Pay

Enhanced Paternity Pay

Qualifications

• Experience with compliance frameworks and review methodologies.
• Strong analytical skills for assessing operational processes.

Responsibilities

• Conduct compliance deep dives for assurance on regulatory obligations.
• Engage with stakeholders to assess compliance and obtain information.

Skills

Compliance Frameworks

Analytical Skills

Stakeholder Management

Report Production

Job description

• Growing Compliance team with great opportunities for development
• Great opportunity to shape the future of the 2nd line of defence Compliance team

About Our Client

For the past 21 years, FSCS has been getting customers of failed authorised financial services firms back on track.

Our strength is in our numbers. Since 2001, we have helped 6.5m customers and paid back £26bn in compensation. Over the years we have continually strived to be better, faster, and more empathetic to our customers' needs in an ever more complex financial world. Our people have worked together to make sure we can offer protection and reassurance every step of the way, even during the toughest of times over the last two years. FSCS is an organisation that makes a difference, and in which our people truly make a difference.

We have grown from modest beginnings in 2001 to helping customers during historic events such as the 2008 banking crisis and supporting vulnerable customers during the pandemic. As a result of this success, FSCS has become increasingly respected, insightful, and influential in the regulatory eco-system. It is an exciting time in our journey as we now have an opportunity to play a bigger role in breaking the cycle of rising consumer harm and costs; by being part of a system that is about prevention rather than cure.

Job Description

Assurance Reporting

·Conducting second line compliance deep dives to provide senior management with assurance on the FSCS's compliance with its legal and regulatory obligations.

· As part of the deep dive process, analysing a range of evidence/documentation related to policies, procedures, processes and controls, identifying opportunities for enhancement.

· Conducting root cause analysis to assist the organisation in preventing and solving underlying issues.

· Assimilating complex information/data and articulating observations in a clear and concise manner for a range of audiences.

· Producing compelling reporting and delivering evidence-based outcomes.

· Maintaining the team's action tracker to ensure remedial actions are completed by owners in a timely manner.

· Supporting the delivery of ad-hoc second line assurance review work as required by senior management.

Stakeholder Engagement

· Engaging with stakeholders across the organisation to gain an understanding of key processes and to obtain information for assessing compliance.

· Supporting positive relationships by recognising the bigger picture and the balance between business objectives and compliance obligations, in line with the organisation's risk appetite.

· Working with stakeholders to obtain agreement on remedial actions, and working with action owners to see actions through to completion.

Risk & Compliance Team Collaboration

· Contributing to the strengthening of the Three Lines of Defence and wider success of the Risk & Compliance Team.

· Engaging with other areas of the Risk & Compliance Team to share insight and maintain a collaborative working environment.

The Successful Applicant

· Appropriate experience and knowledge of compliance frameworks.

· Knowledge of compliance deep dive or review methodologies.

· Sound understanding of the UK financial services sector and the role of the Financial Services Compensation Scheme.

· Strong analytical skills and ability to analyse, interpret and assess operational processes and controls against their legal and regulatory obligations.

· Demonstrable stakeholder management skills, across the three lines of defence as well as with senior leaders.

· Experience of producing reports and in analysing data.

What's on Offer

• Salary of £65,000 -£75,000
• Hybrid working - 2 days per week in the office
• Comprehensive Benefits package including personal pension, private medical insurance, life assurance and many more
• Enhanced maternity and paternity pay