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Core Compliance Manager

companyClose Brothers Group
locationLondon, UK
PublishedPublished: Published 3 weeks ago
Business Compliance
The Vacancy

OVERALL SUMMARY

At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don't tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life.

Join the Close Brothers Compliance Team where you will support Central Compliance with various matters such as Whistleblowing investigation and lead the firm's ongoing SMCR operations and ensuring that Close Brothers remains regulatory compliant with the PRA and FCA expectations.

The successful candidate will coordinate with other central functions such as HR, Legal, CoSec, TPM, other compliance roles and dealing with SMCR compliance issues in line with respective activities to ensure SMCR compliance.

RESPONSIBILITIES

The Compliance Manager will be responsible for leading the firm's compliance on SMCR according to the regulatory requirements which include:
  • Provision of advice on PRA and FCA rule and guidance interpretation relating to various matters in particular, SMCR, third party risk management and regulatory engagement.
  • Keeping the Management Responsibilities Map up-to-date.
  • Preparation of high-quality external documentation such as SMF applications for new candidates or existing SMF holders changing roles.
  • Leading on internal documents such as Reasonable Steps and Handover Documents before they are sent to Senior Managers for review.
  • Working with HR on the certified persons workflow including identification of certified persons, working with HR who are tracking F & P, this person will then be responsible for updating the Financial Services Register.
  • Reviewing and updating SMCR training materials and delivery to different audiences.
  • Challenging and updating the SMCR / Cosec / HR operating model and driving operational changes and improvements including control enhancements.
  • Keeping abreast of regulatory and landscape change, and responsibility for assessing, analysing the impact, provision of guidance, interpretation and implementation of any new requirements, and embedding any regulatory change in the institution particularly regulatory change pertaining to SMCR.
  • The provision of papers and data or MI to Committees or Fora owned by Compliance, including the Senior Manager and Certification Regime (SMCR) Oversight Committee, which reports to the CBL Board.
Developing Our People: as a line manager, you will be responsible for inspiring and motivating your team, as well as developing performance through coaching. You will encourage your team to take responsibility for their own personal development and provide support through regular feedback.

WE WOULD LOVE TO HEAR FROM YOU IF HAVE/ARE:
  • A strong high-level understanding of the regulatory environment as it applies to banking, and ideally knowledge relating to investments and detailed knowledge of certain areas such as the Senior Manager and Certified Regime (SMCR).
  • The breadth of regulatory experience necessary to operate safely with a high level of autonomy in advising on technical matters across a wide range of businesses and regulatory topics.
  • Substantial previous experience in an advisory or similar role for example with a legal or accountancy firm or within major financial institutions.
  • A high level of technical knowledge of all PRA and FCA requirements, guidance and expectations including detailed knowledge of the scope and application of the rules.
  • A clear understanding of regulatory expectations across a wide range of topics and risk areas.
  • A proven track record of technical competence and pragmatic provision of advice.
  • Good judgement as to the limits of own expertise and of when additional help needs to be sought from others (internally or externally).
  • The ability to quickly assimilate information on new / overseas requirements and to effectively explain these requirements to others.
  • The ability to think strategically and commercially and to consider relevant matters beyond the immediate regulatory issues
  • Educated to degree level or equivalent.
IT IS NOT ESSENTIAL BUT IT WOULD BE GREAT IF YOU HAVE/ARE:
  • Relevant professional qualification preferred (e.g., CISI Global Financial Compliance qualification; IRM Certificate in Financial Services Risk Management)
We are an inclusive organisation and committed to ensuring our recruitment process is as accessible as possible to everyone. We will make adjustments for people who have a disability or long-term condition. If you need the job description or application form in an alternative format or would like to discuss the recruitment process with us, please email us at recruit.ssc@closebrothers.com or request a call back.

ABOUT US

At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.

Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. At Close Brothers we provide financial support and advice to small businesses and individuals in the UK. Our purpose is to help the people and businesses of Britain thrive over the long term.

To find out more about Close Brothers, please visit our careers page: https://www.closebrothers.com/careers

To find out more about life at Close Brothers:
https://www.closebrothers.com/life-close-brothers#374017299-899295541

To find out more about our benefits:
https://www.closebrothers.com/employee-benefits

To find out more about our commitment to creating an inclusive environment:
Our Responsibility - Diversity and inclusion ¦ Close Brothers Group

#LI-HYBRID #LI-TM1

The Company

Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. We employ over 3,500 people, principally in the UK.

Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250.We remain focused on markets and services we know and understand, developing leading positions and unrivalled expertise. Our approach is prudent and considered enabling us to grow sustainably, through all market conditions, building confidence among our depositors and investors.

Our businesses have remained local as we continue to provide bespoke services, and developing long-term relationships ensuring our success in the future. We value our clients over everything else. What they do is important - they are the doers and makers of things, the wealth creators, the investors and the savers. We ensure our services meet their specific needs and invest to support them as they grow.

These principles, founded in our past but applied to the modern world today, represent what we describe as 'modern merchant banking' - values that are embedded in our culture and that underpin everything we do.

Inclusion

The Benefits

Private medical

Discounted health checks

Stakeholder pension contribution

Gym discounts

Cycle to work scheme

Save As You Earn scheme

Purchase additional holiday

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Charity & Sustainable work

At Close Brothers, we are dedicated to helping the charities that matter most to our employees. Our donations continue to increase year on year thanks to our fundraising efforts and matched giving schemes to our employees' favourite charities. We continue to seek out new ways to give as a group and to help employees who give their valuable time and money to causes close to them.

To find out more detail please follow the link below:

https://www.closebrothers.com/charity.

Sustainability is fundamental to our purpose, and we recognise that to help the people and businesses of Britain thrive over the long term, we also have a responsibility to help address the social, economic and environmental challenges facing our business, employees and customers, now and into the future.

To find out more detail please follow the link below:

https://www.closebrothers.com/sustainability.