Assistant Regulatory Risk Manager

MotoNovo Finance
Cardiff (Caerdydd)
Up to £40,000 per annum plus Annual Bonus
09 Aug 2017
16 Aug 2017
Assistant Regulatory Risk Manager Hours: 35 hours per week Monday to Friday 9am - 5pm Location: Cardiff Salary: Up to £40,000 pa depending on experience Plus annual bonus MotoNovo Finance have an opportunity within their Compliance Department for an Assistant Regulatory Risk Manager. MotoNovo Finance is a business that is achieving its vision for the future. Our ambitions for Point Of Sale motor finance are insightful, progressive and most importantly relevant to today’s market. Our product range is packed full of customer focused added value, backed up by service levels which are the envy of the industry. As a MotoNovian you can enjoy a fantastic benefits package including; Pension (employer contribution of 10%), Private Medical Insurance, Life Assurance, 25 days holiday plus your Birthday off and a Christmas Shopping day We also offer Child Care Vouchers, discount finance rates and so many more benefits of being part of an Investors in People accredited, ‘Best Companies’ business. All candidates must successfully complete a credit check prior to attending an interview. We are committed to the achievement of equal opportunities. For more detail regarding this opportunity, please read on. Job Summary: To manage the implementation of new regulatory / legislative requirements and ensure that regulatory risk assessments and risk management plans are in place for all UK regulatory risk universe requirements, thereby managing regulatory risk. Ensure that all projects involving regulatory risk are managed in an efficient and timely manner. Recommend changes to the business in relation to compliance and risk issues to EXCO. Responsibilities: 1. Manage compliance across the business, ensuring that Compliance changes (eg. new/amended legislation, regulations and FCA Sourcebooks) are recommended in conjunction with the Regulatory Risk & Compliance Manager, to ExCo and implemented within the relevant deadline. 2. To ensure that regulatory risk is managed, as directed by Senior Management. 3. Provide a knowledgeable and comprehensive advisory service to ExCo and business managers assessing, reviewing and making recommendations that affect the business strategy and operations. 4. Manage the Regulatory Risk Team, providing guidance and development opportunities for the team members. 5. Manage regulatory risks on projects making recommendations to line management, providing recommendations and reports to ExCo on best execution of the plan. 6. Compile management information and reporting to ExCo and Head of Compliance FRB London, on trends identified from analysis of the data. Make recommendations for changes to line management. 7. Ensure that ExCo and Head of Compliance FRB London is informed of all compliance matters in an accurate and timely manner with recommendations made to remedy any issues or breaches identified. 8. Assist in embedding, and on-going compliance with the FCA principle of “Treating Customers Fairly” and good consumer outcomes into the company. 9. Compile and provide management information as requested and in an accurate and timely manner. 10. Recognise, recommend and where suitable implement improvements to department administrative and support procedures to ensure that compliance, efficiency and effectiveness of the department is maintained. 11. Acquire and maintain a comprehensive knowledge of Company activities, products and services, in order to provide a knowledgeable service at all times. 12. Maintain a comprehensive and up to date knowledge and understanding of MotoNovo Finance products and services, providing accurate information and proactively promoting them where appropriate. Ensure that TCF outcomes are adopted and good customer outcomes are achieved within the areas of responsibility. 13. Maintain an up-to-date knowledge of regulatory and legislative information related to MotoNovo Finance products and services (e.g. ICOB, FCA Rules, Money Laundering, Data Protection, etc.) as advised by Line Management. Ensure all Money Laundering issues are reported appropriately. 14. Maintain good knowledge and understanding of all relevant policies and procedures relevant to the role, being compliant with these policies and procedures at all times. 15. Treat customers fairly and aim to deliver fair customer outcomes in all of our day-to-day processes. 16. Ensure team are aware of their responsibilities in regards to Treating Customers Fairly. 17. Work as part of a team – supporting, motivating and assisting colleagues in the operation of the department. Carry out one to one reviews, conduct annual appraisals and interim performance reviews as well as completing probation reviews. 18. Recognise, recommend and where appropriate implement improvements to processes and procedures, ensuring that the efficiency, effectiveness and compliance of the department is maintained and activities are in line with current methods. Encourage ideas and suggestions from employees to help achieve strategic aims. 19. Ensure that all system based records are maintained in an accurate and timely manner (and ensure that data integrity is maintained at all times) as prescribed by regulatory, legislative and company procedures. 20. Regularly review and evaluate management information to maximise the performance of the department. Ensure this information is provided and communicated in an appropriate and timely manner. 21. Ensure regional compliance with legislative and regulatory requirements, including not exhaustively; Credit Consumer Act, Data Protection, Anti Money Laundering, Health and Safety, FLA, Employment and other legislative requirements (as applicable). 22. Ensure that prompt and regular communication and support is maintained between all internal and external parties to ensure seamless and consistent service levels are maintained at all times, reporting exceptional matters to line management. 23. Maintain and review department policies and procedures, or create new ones as required to ensure they are sufficiently robust. Ensure processes are adhered to fully, recognising, recommending and where suitable implementing improvements. 24. Delegate and oversee work undertaken ensuring the department operates effectively and efficiently and that all administrative tasks are completed to a high standard. 25. Establish efficient operating standards to ensure that all costs are controlled and monitored in accordance with approved budgets and in addition to promote a culture of cost consciousness throughout the Company. 26. Where necessary maintain laid down standards of discipline, rules and regulations in relation to recruitment, training, performance reviews, grievances, disciplinaries and counselling. 27. Be responsible for dealing with the more complex enquiries from both staff and external sources to provide an informed response which results in a TCF outcome for those concerned. 28. Ensure suitable staff levels are maintained and that staff are trained and fully aware of their responsibilities to achieve set objectives. These goals and objectives are to be communicated to all staff. The job holder will be receptive to ideas and suggestions from employees to help achieve strategic aims. 29. Continue to develop self and role by studying relevant training materials and product information. 30. Be responsible for maintaining the competency levels required to perform your role, evidenced by continuing professional development 31. Undertake any other reasonable tasks as requested by senior management or Head of Compliance FRB London. Selection Criteria Essential Educated to A’ level standard or equivalent Management experience in a financial services role for a minimum of 2 years. Skills/ Knowlegde · Excellent written and verbal communication skills · Strong interpersonal skills · Information and research skills · Report writing · Analysis and interpretation of financial information · Analytical and methodical thinking · Organisation and planning · People management skills · Uses own initiative · Attention to detail · Good IT skills in Microsoft Office · Full Driving License · Management skills Desirable ICA Advanced Certificate in Compliance ICA Diploma in Compliance Thank you for your interest in MotoNovo Finance. We endeavour to respond to all applicants however due to the volume of CV's received if you do not receive a response within two weeks please treat your application as unsuccessful on this occasion. 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