Risk Consultant

ZipRecruiter; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading company in the financial services sector seeks a Risk Consultant to oversee conduct risk policies and compliance. The role involves advising on regulatory frameworks, managing conduct risk investigations, and ensuring adherence to the Senior Managers and Certification Regime. Ideal candidates will have experience in financial services, particularly in life assurance and pensions, and possess strong communication skills.

Qualifications

• Knowledge of insurance, investment management, and retirement sectors.
• Ability to interpret FCA Handbook sections efficiently.

Responsibilities

• Maintain and manage the Employee Conduct Risk Policy.
• Provide advice and guidance on PRA and FCA regimes.
• Support investigations and reporting of conduct rule breaches.

Skills

Communication

Attention to Detail

Job description

Job Description

Risk Consultant - Conduct & Culture

Business area: Risk and Compliance / Regulatory Affairs

Locations: Cardiff, Hove, Hybrid

Purpose of role: To support the Colleague Conduct and Culture Manager in managing and overseeing the L&G policies, processes, systems, and records that ensure the safe delivery of the Conduct Risk Environment. Responsibilities include providing oversight and advice on the implementation of the Senior Managers and Certification Regime (SMCR) by Divisional teams; ensuring ongoing compliance with the regime and that colleagues adhere to the Group's conduct risk policies and expectations.

Knowledge: Essential knowledge of FCA handbook/Connect and policy implementation around risk.

Principal accountabilities:

1. Policies and Frameworks: Maintain and manage the Employee Conduct Risk Policy to reflect SMCR requirements, considering regulatory/legal developments and controls to keep procedures and standards appropriate.
2. SMCR: Provide advice and guidance to SMFs and certified staff on PRA and FCA regimes, support the annual Fitness and Propriety process, and assist individuals through application procedures in collaboration with compliance, HR, and Company Secretariat.
3. SMCR Technical Knowledge: Respond to regulatory and business queries, assess conduct rule breaches, develop training on the regime, and support onboarding of new appointees regarding their responsibilities.
4. Advice and Guidance: Offer regulatory compliance and conduct risk advice, conduct training, and challenge to Divisional and Group teams on colleague conduct matters, including SMF responsibility mapping, conflicts of interest, and Personal Account Dealing.
5. Colleague Conduct Investigations: Support investigations and reporting of conduct rule breaches, providing insights for decision-making at board and risk committee levels.
6. Management Responsibility Maps: Maintain and update the MRMs for the Group's regulated entities, ensuring regulator readiness.
7. Risk Governance: Ensure integrity of records related to conduct and risk, including STAR and Breach referral processes.
8. Data Protection: Provide assurance that data protection, retention, and deletion meet company and regulatory standards.
9. Stakeholder Management: Develop relationships across Risk and Business Units, providing guidance on regulatory engagement and trends.

Qualifications, knowledge, and skills:

• Knowledge of insurance, investment management, and retirement sectors.
• Ability to interpret FCA Handbook sections (PRIN, SYSC, COCON, SUP, FIT, PRA Rulebook) efficiently.
• Excellent communication skills for delivering management information and presentations.
• High attention to detail and ability to work independently and in teams.

Experience:

• Experience in financial services, preferably life assurance and pensions.
• Proven ability to provide technical compliance and risk advice aligned with business and regulatory priorities.
• Competence in drafting and managing regulatory applications.

We are committed to an inclusive recruitment process. For accommodations related to health conditions, please contact: [e-mail]. This role is sourced via our Outsourcing service line.