Head of Compliance

Let Alliance

Head of Compliance

Salary Not Specified

Let Alliance, Chester

  • Full time
  • Permanent
  • Onsite working

Posted 2 weeks ago, 2 May | Get your application in now before you miss out!

Closing date: Closing date not specified

job Ref: 6d914cdda1a040aeae556196592f7f7c

Full Job Description

We are seeking a highly motivated and experienced Head of Compliance to oversea and enhance our compliance framework in alignment with industry standards and regulations. This role is pivotal in ensuring that our business operations maintain the highest levels of integrity and ethics in a fast-paced environment.

If you're ready to take on a high challenging leadership role in a high-energy environment where your expertise can make a real difference, we want to hear from you. Apply now and become a key player in shaping the future of Barbon!

This role:

  • Carries operational responsibility for ensuring Barbon's products and services and how they are delivered are in line with regulatory requirements and the Group's policies and standards, in order to provide positive and fair outcomes for customers

  • Aids the business to grow and succeed in a compliant way, and aims to help the Division achieve the right balance between risk taking and control

  • Carries line management responsibility and a requirement to develop a team that delivers operational compliance 1LoD support to the Division, including FCA regulated complaints management.


  • This role requires a 'hands on' work ethic, undertakes key activities and manages a small team.

  • Act as risk and compliance focal point for Barbon and responsible for supporting delivery on the Divisional R&C agenda

  • Manage a team that helps support the business deliver on its priorities and manage escalation of compliance enquiries/issues both within the business and to the 2LoD in a timely manner

  • Drive greater ownership of 1LoD decision making through improving knowledge and expertise and developing the appropriate business tools

  • Ownership and responsibility for the product governance framework across the division ensuring the group's processes incorporate the latest legislative and regulatory requirements. This includes product governance reporting to Group, completion of product reviews and management of FVA and TMS for products.

  • Work with 2LoD to understand the impact of changes in regulation and deliver on required activity within Barbon

  • Promote a collaborative, responsive and solution driven compliance culture that supports business growth


  • Undertake core risk and regulatory activities including:
  • Co-ordinating the review and update of Barbon's risk and control assessment.

  • Undertakes specialist training & competency (including training on key policies and processes) and monitoring the completion of mandatory regulatory training and CPD.

  • Ensure relevant controls exist across the business and support/monitor compliance with FCA requirements and Group risk & compliance policies

  • Reviewing and ensuring key businesses processes and documentation putting the customer first, and meeting regulatory requirements

  • Responding to day-to-day compliance queries in an effective and timely manner

  • Undertaking regular 1LoD reviews and reviewing the output of QA reviews to identify deficiencies in local procedures or training and competency, and suggesting appropriate remedies to be undertaken

  • Logging managing and monitoring breaches and E&Os in line with FCA service standards & Group policies

  • Reviewing and signing-off financial promotions, ensuring communications are compliant and technically accurate

  • Reviewing products to ensuring they are in line with product governance requirements and deliver fair value for customers

  • Identifying and raising awareness of improvement areas through root cause analysis in respect of FCA regulated complaints and E&Os and ensure these are fed into business training

  • Providing information and support in connection with insurer audits and supporting the monitoring and closing out of key remedial actions

  • Providing information and support in connection with 2LoD Assurance Reviews and 3LoD Internal Audits and supporting the monitoring and closing out of key remedial actions

  • Providing support with Customer Due Diligence and escalating appropriately where there are potential or actual issues to the 2LoD

  • Producing reporting to support the SMF(s) and the ongoing management of risk and compliance in Barbon and specific reporting in respect of key areas e.g. Conduct Risk & TCF

  • Providing compliance support and guidance on business projects and involving the 2LoD as necessary or as required by 2LoD

  • Managing and develop the 1LoD R&C team and support their ongoing development Managing customer requests e.g. preparing commission disclosure requests; remuneration queries; DPA/SAR

  • Overseeing FCA regulated complaints

  • Overseeing letting agency management

    A' Levels


  • Degree

    Relevant financial services, insurance or compliance qualifications

    Experience

    A minimum of 5 years experience undertaking a similar role within an FCA regulated insurance environment

    Experience of working collaboratively with the 2LoD

    Track record of reviewing regulatory developments and supporting the delivery of regulatory improvements

    Track record of interpreting and applying relevant regulation in a proportionate and appropriate way and discussing/explaining compliance matters in a clear way

    Experience of delivering training

    Experience of project management

    Knowledge

    A strong understanding of the regulatory framework in which the business operates.

    Good level of understanding of the FCA handbook including:
  • ICOBS

  • PROD

  • DISP

  • SYSC


  • Skills

    Strong relationship building

    Strong and clear communication

    Ability to influence

    Ability to comfortably work 'in the grey'

    Strong problem solving

    Ability to apply flexible thinking and to formulate effective solutions and implement them to deadline

    Excellent attention to detail

    Strong MS Office skills

    Ability to collaborate with colleagues at all levels

    Ability to take a pragmatic approach and to create a positive compliance culture

    Project Management

    Attitude

    'Hands on' work ethic

    Customer focused

    Collaborative, pragmatic and solution driven

    Strong moral compass

    Open and honest

    Objectivity - balance risk taking and control

    Join our dynamic and rapidly growing team at Barbon, where innovation meets integrity. As a leader in tenant referencing and specialist lettings insurance, we thrive on energy, creativity, and a passion for excellence.

    As well as a competitive salary we offer the following benefits -
  • Competitive holiday allowance with the annual option to buy additional days

  • Death in Service benefit of x4 salary

  • Company pension scheme

  • Enhanced maternity and paternity leave packages

  • A flexible benefits package which allows you to add additional benefits to your overall package

  • Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel and many more

  • Referral schemes

  • Discounted rates on PIB products

  • We offer a first-class employee benefits and welfare package to support our employees with financial management, cycle to work scheme, counselling support, health screening, will writing, menopause support, books, stopping smoking and much more

  • If supporting the local community, engaging with charities and having the opportunity to 'give something back' interests you, you have the opportunity to take an extra day to support this with a Volunteering day.

  • We also offer a wide range of discounts including a kids pass - giving you discount to over 4500 attractions and activities, discounts at hairdressers and beauticians, climate change projects with lots of other options to choose

  • PIB has a comprehensive learning & development framework, including professional study options and apprenticeships which are available to all employees, and which will support your career development

  • Being a part of our PIB Community Trust, we support fundraising where you can apply for grants from PIB Group towards your chosen charity

  • PIB Group are committed to improving their environmental impact in a responsible way. From the individual actions that our colleagues take every day through to installing the right facilities across our premises, there are many measures in place to help reduce PIB's carbon footprint.