Compliance Manager

MUFG Intime India Pvt Ltd; London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A global financial group is looking for a Compliance Manager to oversee the Compliance Management System at MUFG Pension & Market Services in London. The role focuses on ensuring regulatory compliance, risk management, and development of compliance frameworks, requiring excellent stakeholder management skills and relevant industry experience.

Qualifications

• Experience in the superannuation industry in the UK.
• Understanding of regulatory environment and compliance frameworks.
• Ability to manage compliance risks effectively.

Responsibilities

• Oversee Compliance Management System for the RET business.
• Drive development and improvement of compliance frameworks.
• Assure compliance with regulatory requirements and guides.

Skills

Excellent communication

Stakeholder management

Risk assessment

Regulatory compliance

Education

Qualifications in Business, Commerce, or Law

Job description

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A global, digitally enabled business that empowers a brighter future by connecting millions of people with their assets – safely, securely and responsibly. Through our two businesses MUFG Retirement Solutions and MUFG Corporate Markets, we partner with a diversified portfolio of global clients to provide robust, efficient and scalable services, purpose-built solutions and modern technology platforms that deliver world class outcomes and experiences. A member of MUFG, a global financial group, we help manage regulatory complexity, improve data management and connect people with their assets, through exceptional user experience that leverages the expertise of our people combined with scalable technology, digital connectivity and data insights.



Overview

The Compliance Manager, Retirement Solutions (RS) is a UK based role and part of the Link Group’s RS – Risk, Compliance, Controls & Assurance function, which leads the risk and compliance agenda for the RS business.

Reporting to the Head of Compliance, RS, the key purpose of this role is to oversee and ensure the effective operation of the Compliance Management System for the RSS business and enable the business to achieve its business objectives within Retirement Solutions risk and compliance management frameworks and risk appetite.

A key feature of this role is the management of the Compliance Management System, including compliance frameworks, policies, standards, processes, and procedures.

This role will have extensive stakeholder management and interaction with internal and external stakeholders, application of technical expertise and play a pivotal role in the identification, assessment, and mitigation of strategic, operational, and regulatory compliance risks.

The role holder will be expected to actively collaborate with their peers within the wider team and other Group functions to further develop a leading global Risk and Compliance function.




Key Accountabilities and main responsibilities

Strategic Focus

• Drive the development, implementation, and improvement of the Compliance Management System, including compliance frameworks, policies, standards, processes and procedures.
• Ensure the compliance management system is operating effectively and enables the business to mitigate or minimise the risk of legal or regulatory sanctions, material financial loss or reputational damage.
• Support the business to achieve its strategic objectives while ensuring compliance with legal and regulatory requirements, and within the Group’s risk appetite.

Operational Management

• Ensure the frameworks for compliance, complaints, incidents, and breaches of regulatory obligations is robust and adheres to regulatory requirements, guides, and standards (e.g. ISO 37301:2021 Compliance management systems)
• Undertake compliance monitoring and reporting in accordance with the Compliance Monitoring Standard
• Assist the RS business units to understand their compliance obligations and controls and ensuring the compliance testing programme is operating effectively
• Provide timely and accurate compliance interpretative advice in relation to the administration of pension legislative requirements to internal stakeholders and RSS clients, where appropriate.
• Manage and/or assist the business and clients with responses to regulatory notices
• Undertake breach assessments in accordance with relevant legislative requirements and regulatory guides, any jurisdictional specific breach reporting and other mandatory data breach notification scheme and liaise with other internal stakeholders on other mandatory reporting requirements, e.g. Information Security – cyber security incident reporting.
• Assist the RS business to identify, mitigate and manage regulatory compliance risks in relation to existing and new products and services.
• Review, analyse, and assess compliance exceptions with a view to identifying process improvement opportunities.
• Compile, assess, analyse, and prepare reporting on compliance performance to management, business risk committee(s) and Boards, as required.

People Leadership

• Prepare and deliver training in relation to regulatory requirements and compliance management system, including compliance frameworks, policies, standards, processes and procedures.
• Play a leading role in defining and embedding a sustainable culture of risk awareness, which is consistent with Retirement Solutions core values.
• Work collaboratively with the Group Enterprise Risk Management and Compliance functions, Internal Audit and other Group Functions to support the business to embed an effective risk culture.
• Maintain strong working relationships with key stakeholders including internal, clients, regulators, and industry associations/bodies.

Governance & Risk

• Promote a sustainable culture of risk awareness in the RS business that is consistent with Retirement Solutions core values
• Ensure adherence to Retirement Solutions policies, and legal and regulatory requirements
• Support Retirement Solutions assurance programs that deliver effective risk management and compliance practices
• Attendance and leadership at relevant internal and external forums/committees
• Monitor and report on compliance with regulatory requirements

Experience & Personal Attributes

• Qualifications in Business, Commerce, Law, or a related field are desirable but not essential, combined with ongoing professional development, such as post-graduate or vocational study
• Practical and demonstrated experience within the superannuation industry in the UK
• Practical experience with risk and compliance management frameworks within the UK financial services industry
• Understanding of the regulatory and operational environment, policy development and key legislation relevant to the superannuation and financial services industries in the UK as applicable
• Excellent communication (both written and verbal) and engagement skills with demonstrated ability to negotiate and influence stakeholders at all levels

The above list of key accountabilities is not an exhaustive list and may change from time to time based on business needs. In addition, as the role is part of a global team travel and flexibility to work outside standard hours may be required in this role.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Consulting, Legal, and Administrative

• Industries

  Pension Funds

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