Senior Regulatory Policy Specialist

Old Mutual Wealth
06 Feb 2018
18 Feb 2018
Job Type
Contract Type
Senior Regulatory Policy Specialist

Key Responsibilities and Scope of role:

To ensure Intrinsic Financial Services (IFS) maintains its regulatory permissions and license to operate by the FCA and ICO, by writing appropriate regulatory policy. Providing policy direction to the business on regulatory change and developments.

Core responsibilities:

  • Provides advice and guidance to the Board, Executive, all relevant Committees and stakeholders regarding regulatory change and its impact in order to achieve compliance and maximise competitive advantage;
  • Develop and maintain the suite of policies required to meet regulatory requirements;
  • Provide guidance to the first line as appropriate on the effective implementation of such policies and requirements;
  • Provides timely, effective and insightful MI and reporting on regulatory changes and themes, which makes an effective contribution to the assessment of Intrinsic's risk profile relative to risk appetite and enables oversight committees to discharge their duties with confidence;
  • Contributes to and shares responsibility for the development of IFS' Risk Management Strategy and the effectiveness of the CRO Risk function;
  • Supports development and delivery of Compliance Monitoring Plan;
  • Supports the Head of Regulatory Risk in the delivery of a compliance advisory service to the business based on robust, independent 2nd line of defence judgement and points of view.
  • Develops and maintains a proactive and open relationship with key regulators, supporting the CF10 in oversight and management of all regulatory driven actions and ensuring timely and accurate delivery of all relevant filings, notifications and escalations.
  • Contributes to and shares responsibility for the development and delivery of the compliance monitoring plan;
  • Contributes to and shares responsibility for horizon scanning activity, sharing insights and industry best practices;
  • Develops and maintains a proactive and open relationship with key regulators, supporting the CF10 in oversight and management of all regulatory driven actions;
  • Contributes and shares responsibility for the regulatory training plan. Works with the Learning & Development team to design and deliver regulatory risk training material for the business and Advisers and to monitor compliance with compulsory training;
  • Works with the OMW Regulatory and Conduct Risk team in the effective development, delivery and reporting of regulatory change; and
  • Motivates and develops individuals through mentoring, coaching and ongoing dialogue in order to promote a high performance culture.

Key Behavioural Skills:

We are looking for a candidate who is:
  • Leads by example, creating and maintaining a culture that promotes exceptional performance, empowerment, accountability and professionalism at all levels, where confident and proactive customer considerations are an integral part of informed risk taking.
  • Demonstrates a commercial mindset, readily and robustly challenges thinking and practices at all levels to help redefine the business and deliver competitive advantage.
  • Ability to navigate complex and political environments and manage multiple stakeholders.
  • Communicates with impact; excellent listening, presentation, verbal and written communication skills.
  • Excellent interpersonal skills, builds relationships both internally and externally and leads through influence.
  • Delivery focused, with high energy and drive.
  • Agile, makes decisions and executes in a fast, simple and focused way.
  • Ability to balance & delegate multiple tasks and initiatives within strict deadlines.
  • Resilience and perseverance to manage projects through to successful fruition.
  • Credibility, professionalism and strong personal integrity.
  • Understanding and appreciation of different cultural business

Focus on our values:

  • Act with integrity, due skill, care and diligence
  • Ensure customer outcomes are the focus of our business and we are respected by regulators

Stronger together:
  • Collaborate with peers across the Organisation
  • Share openly and be transparent
  • Adopt a responsible approach
  • Maintain our entrepreneurial culture
  • Strive for continuous improvement
  • Lead by example

Qualifications required:

  • Relevant professional qualifications for delivery of financial advice, at least to Diploma standard, across investments, pensions, protection and mortgages
  • Degree level education or equivalent industry experience (supported by relevant industry qualifications).

Experience required:

  • Significant experience in a senior role within regulatory compliance.
  • In-depth understanding of the technicalities of regulatory risk, specifically horizon scanning and policy development.
  • Good experience of the regulatory environment within the UK of the wealth, life and/or asset management sectors.

Rewards and benefits:

w e o ffer a n inn o v a t i ve an d f l ex ibl e re w a rd pa c ka ge. I n a dd i ti o n t o y o u r s ta r t i n g sa la r y , w e al so o ffe r :

B o n u s - mo s t em plo y e e s are e li g ibl e t o pa rti cip a t e i n ou r b o nu s s ch em e , ba sed o n t h e c o m pan y and personal performance

Pension Sc h e me - C a n b e b oo s t ed t h r ou gh p ers o na l c o n t r ib u t i o n s

Private Medical Insurance

T h e abili t y t o b u y an d s e l l h o li d ay

A flexible benefits package (eg: dental insurance, childcare vouchers, retail vouchers)

We are committed to creating an inclusive culture which embraces diversity. We promote equal opportunities and ensure that no applicant is subject to less favourable treatment on the grounds of gender, marital status, nationality, ethnicity, age, sexual orientation, responsibilities for dependants, physical or mental disability. We select candidates for interview based on their skills, qualifications, experience and potential.