Compliance Manager

Location:London Posted:2022-11-11
Job description
  • As a representative of the Second Line of Defence, assist with the monitoring and facilitate the implementation of effective regulatory risk management practices by operational management in the Relevant Business and assist the risk owners in reporting adequate risk
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  • Assist with the construction and deliverance of Compliance policies and procedures within the Relevant Business and ensure resolution, develop corrective action plans and track implementation status for revisions of other compliance-related controls
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  • Assess whether policies and procedures, systems and controls fully address regulatory or compliance strategic requirements applicable to the Relevant Business. Develop, implement, embed and maintain an efficient Compliance framework of policies and procedures, systems and controls
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  • Closure of Compliance owned actions and supporting the closure of regulatory recommendations following internal/external audits
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  • Identify compliance training needs, develop and deliver compliance training within the Relevant Business
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  • Identify and assess compliance and regulatory risks in the Relevant Business taking into account relevant internal and external sources of data as well as changes to assessments of other risk types
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  • Assist in the Creation and deliverance of an annual Compliance Plan for the Business, appropriate communications to colleagues in the Relevant Business as set out in the Compliance Plan, and on an ad-hoc basis
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  • Support Champion Compliance at all levels of the Relevant Business, partnering with the business, support and provide pragmatic risk-based advice, guidance and counsel to all appropriate stakeholders as well as provide effective challenge and oversight
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  • Partnering with business management to define the Compliance strategy for the Relevant Business
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  • Provide challenge and oversight on business management’s assessment and governance of compliance and regulatory risk
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  • Provide guidance and advice to business management in developing appropriate 'tone from the top' and awareness of required business conduct and ethical standards, including the Code of Conduct policy
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  • Partnering with the business to review and challenge the design and structuring of specific transactions, new products, services, operational procedures, operational change and initiatives
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  • Provide advice, from a compliance and regulatory perspective only, on the design of any First Line of Defence quality assurance models
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  • Record keeping in line with regulatory requirements and/or China Taiping policies and procedures
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  • Provide input and assist with new or approved changes to operating procedures, and give approvals under specific control frameworks
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  • Investigate, record suspected, alleged or actual breaches of regulatory requirements, work with risk to report, evaluate and assist with any ‘Lessons Learnt’ after the event training or recourse for the individual/s or units concerned
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  • Support the Risk and Compliance function in the performance of selected Excellence Reviews, focussing on compliance with regulatory requirements and Compliance policies/procedures
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  • Collate and deliver accurate and appropriate compliance metrics and information to appropriate stakeholders in the Relevant Business and the Compliance Function. Compile and deliver compliance records or information requested by internal/external auditors
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  • Assist with and maintain effective relationships with regulators and relevant supervisory authorities or self-regulating bodies; ensure timely submission of accurate regulatory reporting; respond to regulatory information requests and enquiries. Reporting of issues and breaches
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  • Represent China Taiping in relevant industry or similar associations or groups as appropriate
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  • Compliance Function ad-hoc strategic or operational projects as requested

 

Requirements
  • Holds a Diploma level qualification in a suitable and applicable subject matter, such as Compliance, Financial Crime, Risk
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  • Strong regulatory and corporate governance knowledge/understanding required
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  • Excellent interpersonal and influencing skills, with the ability to engage effectively at all levels to promote an effective/business focused compliance culture
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  • Ability to work, both individually and as a team, under pressure to tight timelines and without direct supervision
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  • Commercial awareness – a commercial and pragmatic approach to managing compliance risks
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  • Commitment to continuous professional development and maintaining excellent understanding of regulatory developments
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  • Must be committed to maintaining a robust compliance culture and high ethical standards
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  • Always demonstrates high integrity
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  • Proactive and a self-starter
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  • Organised and methodical
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  • Excellent analytical problem-solving skills

 

Contact details
  • If you are interested in applying for the role, or have any questions, please send your CV or your questions to HR@uk.cntaiping.com