An exciting opportunity has arisen for a Head of Compliance to play a crucial role in continuing our client’s company’s success by leading compliance policy and operations for the fastest growing FCA advisory firm in the UK.

Job Title – Head of Compliance

Location – Wolverhampton

Salary – £55,000 - £60,000 dependent on experience  

Who they are?

They have taken compliance to the independent motor finance sector and engaged a whole market, increasing compliance across hundreds of firms. Successfully getting more retailers authorised in the UK than any other company, and with a growing subscription base of 600 and climbing, they have changed the landscape of consumer credit compliance, turning the approach on its head in four years. They have also developed a bespoke APP and their own compliance system which paves the way for a bright future.

Responsibilities:

• Leading, coaching and developing the compliance team.
• Implementing robust compliance measures, safeguarding the integrity of the organisation.
• Ensuring that the company operates in compliance with all relevant regulations and laws, minimising regulatory risks.
• Serving as a trusted advisor to the directors and senior management team on compliance matters, providing strategic guidance and recommendations.
• Maintaining a strong working relationship with regulatory authorities, demonstrating transparency and cooperation in all interactions.
• Providing subject matter expert advice and guidance as appropriate as well as providing horizon scanning of relevant compliance matters.
• Leading, managing and overseeing the completion of monitoring activities in line with the annual plan.
• Building credibility within the business via strong engagement and quality outputs to help raise awareness of compliance and conduct matters and embed a consumer outcome focused culture.
• Providing support, steering, and challenging the business on outcomes and actions arising from monitoring activity.
• Facilitating, continually improving, and managing KPI dashboards and departmental MI based on operational activities.
• Producing MI for the firm. 
• Deputising for the Compliance Director (SMF16) as needed, including attending executive committees.
• Fulfilling some Compliance Advisory work as required by the directors.
• Serving as the primary point of contact for regulatory inquiries and examinations.
• Keeping abreast of regulatory developments and communicating changes to relevant stakeholders.
• Managing relationships with regulatory bodies.
• Providing training and education to employees on compliance requirements.
• Fostering a culture of compliance awareness throughout the organisation.
• Creating, reviewing and updating policies, processes, and procedures. Overseeing the implementation / embedding of these were appropriate.
• Meeting regulatory / legislative timescales providing well-structured, well-considered summaries of proposed regulatory change to the business and collating responses to the regulator as required.
• Coordinating and overseeing the schedule of compliance activities resulting from internal and external (FCA) activities.
• Raising awareness on areas of interest for the business and focus from the regulators.
• Raising the profile of the business and its activities via publication, professional social media and in person / digital events.
• Hosting and facilitating events to raise the profile of the business and demonstrating its position in the market.

Our client would love to hear from you if you have:

• Strong focus on consumer outcomes in a consumer credit compliance environment.
• Experience of producing a robust and risk-based Compliance Monitoring Plan and using underlying tools.
• A track record of delivering outcomes focused thematic and ad hoc monitoring reviews to a high standard.
• Experience of working with regulatory requirements, including the Consumer Duty.
• Strong working knowledge of the FCA Handbook including CONC, SYSC, PRIN and to a lesser extent ICOBS, MCOBS and CMCOBS.
• The ability to plan and prioritise effectively to meet changing priorities and demands.
• The ability to interpret data and information to highlight opportunities and minimise risk.
• Excellent communication and engagement skills; able to engage stakeholders at all levels.
• Commercially astuteness.
• An analytical, pragmatic and systematic in approach to problem solving.
• Previous experience of managing other compliance professionals.
• Able to work and deliver alone or as part of a team
• Relevant qualifications such as ICA qualifications in Compliance, Governance and/or professional standards such as CeMap.

They are also looking for:

• A motivated, positive individual.
• Confidence.
• Passionate about compliance and managing change.
• Willing to go above and beyond for the company.
• General knowledge of Microsoft and ability to pick up inhouse computer systems easily.
• Good work ethic and timekeeping.
• Sense of humour and adaptability.
• Growth mindset.
• Leadership skills.

Why work for our client:

• Vibrant and fun working atmosphere within a company who care about their workforce. Room to grow as they grow and a loose reign on decision making.
• 22 days holiday plus bank holidays + birthday off (31 days); 2 added days after 2 years’ service, and 4 once you’ve reached 4 years!
• Regular individual incentives.
• Great central office location with convenient parking and transport links.
• Contributory pension scheme.
• Health benefits scheme.

Please be aware that background checking (including credit and criminal records checks) form part of our client’s recruitment process. They will adhere to their duties under the Rehabilitation of Offenders Act 1974 and with FCA rules on certified staff.