Heaf of Business Risk(Compliance)

Blakemore Recruitment; Cambridge; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading company in Financial Services is seeking a Head of Business Risk in Cambridge. This role involves creating compliance strategies, managing the Risk Management team, and ensuring adherence to FCA regulations. Ideal candidates will have significant experience in Risk Management and hold a CII/CISI Level 4 Diploma.

Qualifications

• Prior experience in Risk Management within Financial Services.
• Knowledge of FCA regulations required.
• Experience managing a varied workload and teams.

Responsibilities

• Create strategies and policies for compliance with FCA regulations.
• Manage the Risk Management team and oversee its objectives.
• Develop, review, and update compliance policies and procedures.

Skills

Risk Management

Compliance

Team Management

Training

Education

CII/CISI Level 4 Diploma

Job description

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Head of Business Risk (Compliance), Cambridge

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Client:

Blakemore Recruitment

Location:

Cambridge, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

6237a80be01f

Job Views:

6

Posted:

18.06.2025

Expiry Date:

02.08.2025

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Job Description:

We are currently recruiting for a Financial Planning practice in Cambridgeshire who are looking to recruit a Head of Business Risk.

Job Purpose:

Reports directly to the Compliance Officer who acts as a direct line to regulatory authorities. Tasked with creating strategies and policies to ensure the business is compliant with FCA regulations and operates within the law. Daily responsibilities include assessing internal process compliance, maintaining reporting, and advising and training staff. As regulations evolve, you will stay updated on best practices and ensure internal policies reflect these changes. You will manage the Risk Management (RM) Team and oversee its objectives. As part of the Management Team, support the Board in achieving business objectives and fostering a positive work environment, aligning strategies and priorities for the best client outcomes.

Main Duties:

• Communicate company objectives and vision to the team.
• Manage the Risk Management team: oversee daily tasks, address welfare issues, support development, and conduct appraisals.
• Develop, review, and update policies, procedures, and client-facing documents.
• Review breaches and determine if they are reportable to the FCA.
• Keep the business updated on legislation, regulation, and best practices; collaborate with the Compliance Officer on implementation.
• Build risk awareness through support and training within the company.
• Assist in designing and implementing overall risk management processes.
• Identify and implement continuous improvement initiatives to enhance efficiency.
• Assist with risk assessments, analyze risks, and describe and estimate risks affecting the company, employees, clients, reputation, assets, and shareholders.
• Arrange and oversee audits of policies and compliance, liaising with auditors.
• Support the Compliance Officer with regulatory reports, surveys, and questionnaires.
• Review new contracts or internal proposals (e.g., due diligence).
• Manage relationships with third-party compliance support providers.
• Assist with implementing the company’s Training and Competency Scheme.
• Ensure the firm’s Data Protection Manager role under GDPR is fulfilled.
• Create and maintain records for management information and reports for the Board.
• Lead a culture of compliance.

General:

• Comply with the Senior Managers & Certification Regime, including Conduct Rules.
• Adhere to the company handbook and policies at all times.
• Follow compliance procedures guided by Risk Management and FCA regulations.

Experience:

• Prior knowledge/experience in Risk Management (Compliance) within Financial Services.
• Knowledge of FCA/Compliance regulations and requirements.
• Experience managing a busy and varied workload.
• Ability to work to deadlines with changing priorities.
• Experience in a busy and dynamic office environment.
• Experience managing individuals and providing training.

Qualifications:

• CII/CISI Level 4 Diploma or working towards it.
• Maintain competence and performance as required by the firm.
• Stay updated on relevant product, legislative, and technical changes.
• Maintain accurate CPD records.
• Regularly review training needs and pursue appropriate professional development.
• Set and meet personal performance objectives with the Director.