Head of Regulatory (Compliance)
This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.
The Vacancy
We currently have an exciting opportunity to join us in a Head of Regulatory role. We would be happy for you to work in our Edinburgh, Glasgow or London office and we support flexible/agile working. We are open to considering candidates on a part time or full-time basis
What will your role look like?
Hymans Robertson LLP is an Authorised Professional Firm, authorised by the FCA through a licence from the Institute and Faculty of Actuaries. As Head of Regulatory, you will take ownership of our compliance framework approach and engagement with the wider business and lead the management of the Regulatory team. This role is key in supporting our SMF16/17 (Compliance Oversight & MLRO).
This is a great opportunity for someone looking to further their career in regulatory compliance within a professional services firm environment. The expectation for the individual is that they have good influencing and stakeholder management skills and can operate with a pro-active and inquisitive mindset to support the business units in the management of regulatory compliance risk.
The individual should have had significant experience of a senior/leading role in a compliance team of an FCA regulated firm. Experience of working in a regulated Designated Professional Body firm (IFoA) would be an advantage.
Reporting directly to the Chief Risk Officer, you will be vital in collaborating with a range of key stakeholders in providing clear and robust compliance advice and support to ensure that the firm remains compliant with its regulatory obligations.
Though this is a varied role, your key tasks will include:
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Own the strategy, business plan and budget for Regulatory team.
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Foster a culture of ethics and compliance throughout the organisation.
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Develop, implement, and oversee compliance work and establish standards and procedures that reflect the regulations and activities applicable to the firm and are effective and efficient
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Proactively build knowledge and understanding of our key areas’ propositions, core business and associated risks. Our business areas include Actuarial, Defined Contribution Consulting, Investment, Insurance and Financial Services and Third Party Administration
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Own and provide effective compliance advice and guidance to senior management and business units including supporting implementation of regulatory change projects and other strategic initiatives, and appropriate integration to the firm’s operational processes, systems and controls.
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Maintain and update documentation related to compliance activities.
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Investigate and address compliance issues and breaches
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Coordinate and support second line of defence oversight; monitor compliance with regulatory requirements and internal policies and oversee our compliance monitoring plan.
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Monitor the regulatory perimeter as our business activities change and grow.
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Produce and present effective Management Information to senior management, the Audit and Assurance Group and relevant Board(s).
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Work closely with other key stakeholders such as our Heads of Compliance in our two regulated subsidiaries, our Risk team and external Auditors.
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To operationally act as the Deputy Money Laundering Reporting Officer and thereby ensure appropriate AML/Financial Crime policies, procedures, systems and controls are appropriately drafted and applied in practice.
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Manage and oversee all relevant regulatory reporting and communication requirements including proactively supporting open relationships with the relevant regulators (FCA and IFoA).
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Develop, support and deliver appropriate regulatory training requirements to the firm to ensure relevant Board members /staff maintain and enhance their appropriate regulatory competence.
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Develop and manage four direct reports and ensure the Regulatory team are recognised internally as professional, partnering and solutions driven and so our colleagues proactively seek Regulatory support.
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Maintain on-hand external compliance experts to supplement the team as needed.
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Proactively identify areas for improvement, including operational effectiveness/efficiencies, and recommend solutions to benefit the team and the firm.
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Network within and outside the firm to build trusting and productive relationships, promote the team, the firm, and gain insight.
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Keep up to date with developments which may affect FCA/IFoA regulated firms (including Prudential Regulations, AML), risk and governance framework/activities of the firm.
To enjoy and succeed in this role, you will have:
- Able to take on responsibility and to quickly gain credibility and able to influence and enlist support
- Excellent at building relationships and working collaboratively with a wide range of people
- Excellent communicator with good verbal, written and listening skills
- Resilience to constructive challenge and openness and flexibility of approach to others’ views
- Pragmatic and solutions driven
- Able to take a pro-active approach and present new ideas and ways of working
- Positive and enthusiastic about change; flexible and adaptable
Qualifications and Experience:
Essential:
- Relevant significant experience in a senior/leading role in a compliance team in an FCA regulated firm
- Strong understanding of the FCA Handbook and other relevant regulations such as the Bribery Act or Money Laundering regulations and their application to regulated firms.
- Proven ability to deliver
Preferred:
- Relevant professional qualification, for example a Compliance Diploma
- Experience in a Designated Professional Body or an IFoA regulated firm
- Exposure to the pensions or professional services industry.
- Understanding of Authorised Professional Firm regulations.
We would also encourage applications from candidates who perhaps do not possess all the attributes and experience listed above but are competent with the majority and would be able to quickly develop the additional skills and experience required in post with our full support.
In addition to a competitive salary and access to our profit share scheme, we offer:
- A flexible selection of employee benefits, so you can choose a package that best matches your lifestyle and needs.
- A collaborative and encouraging work environment where your thinking and ideas are encouraged.
- On site mental health and wellbeing assistance.
- A commitment to helping you develop both personally and professionally, with mentoring opportunities and access to our award-winning learning portal, Aspire.
- Regular social activities, in addition to three days paid volunteering leave each year and a day’s leave to celebrate your birthday.
- Hybrid working so you can enjoy the positive wellbeing of working from home as well as the benefits of meeting colleagues in our sociable, modern office environments – with the expectation of two ‘in-office’ days per week.
- A flexible working window, allowing colleagues the freedom to work flexibly between the hours of 7am and 7pm.
About Us
Together, we’ve been building better futures for over 100 years. For our people, our clients and their people, our communities and the environment.
We thrive on tackling complex problems. And we believe those problems are best solved by diverse teams – diverse in skills, approaches and backgrounds. Our independence lets our people be themselves and think freely, while working in a collaborative, supportive environment. We love innovative, independent thinking and want everyone to share their ideas.
Working alongside employers, trustees and financial services institutions, we offer pensions, investments, benefits and risk consulting services, as well as data and technology solutions. With over 1000 employees and counting, we’re one of the leading consultancies in our field and are proud to be recognised by numerous industry awards.
We’re committed to developing our people and encourage everyone to carve out their own career path. We’ve many colleagues who started out in one team in the business and have ended up somewhere completely different, having had the chance to develop new skills and explore new passions.
We are continually working to improve our inclusive culture and employ diverse talent. We therefore welcome applications from people from all backgrounds, which includes but isn’t limited to: age, disability, ethnic heritage, gender, marital or civil partnership status, neurodiversity, religion, sexual orientation, and socio-economic background.
Our hybrid working model offers the best of both worlds – home working as well as a fun, collaborative office environment - meaning flexible working patterns to accommodate individual needs. Find out more about our careers here.
If you need any assistance in relation to a personal requirement, medical condition or neurological difference during our selection process then please let us know.
Together, we can make this the best job you’ll ever have.
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