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SalarySantander Consumer Finance UK (SCUK) is based in Redhill, Surrey and provides motor finance to a network of dealerships throughout the United Kingdom.
SCUK are currently looking for a Compliance Manager – MI & Risk, to join the Regulatory Control team on a 12 Month Fixed Term Contract basis where you will be required to work onsite 2 days a week. In this interesting role you will have oversight of all compliance matters across the business with specific responsibility in management and oversight of compliance risks, and the production of a robust MI reporting suite and coordination of the department’s risk and control performance.
Responsibilities will include duties such as:
Risk Management & Oversight
- Develop and maintain compliance and regulatory risk profile for the business
- Establish and implement the strategy for compliance and regulatory risk management in conjunction with other Compliance Managers
- Establish and regularly review the compliance and regulatory risk profile and submit any proposed changes to ExCo / Compliance and conduct Risk Committee
- Assess, establish, and monitor the regulatory and compliance risks applicable to the business
- Drive changes within the business based on internal and external high-risk areas
- Attend Compliance & Conduct Risk Committee; and Enterprise Wide Risk Committee
- Regularly attend industry events to identify key external risks
- Liaison with IA, San UK Compliance Monitoring Team and SCF to ensure all risk areas are covered
- Liaise with internal stakeholders regarding identified risks and agree actions and establish and agree action timeframes and monitor actions through to completion
- Manage and coordinate the compliance department’s performance and reporting as part of the RCSA process and be the principle point of contact with the Operational Risk team
- Be responsible for raising and liaising with the Operational Risk team where any compliance risks or breaches are reported
- Assisting Line 2 Quality Management appropriate reporting of compliance and conduct related risks
- Oversight of third parties and outsourcing arrangements
Compliance Working Program
- Establish, manage, and execute the annual compliance working program
- Working with the Head of Compliance, senior compliance stakeholders and other Compliance Managers, to identify regulatory changes which would impact the business
- Work with San UK and SCF Madrid to incorporate further requirements for inclusion in the working program
- Review program on a regular basis, update accordingly and report to ExCo as required
- Develop workflow tracking and reporting to ensure visibility of day-to-day tasks and project work across the business and share with Compliance senior management
Third Party Risk
- Establish a robust oversight structure for third parties and outsourcing arrangements
- Responsible for the management of compliance risks associated with third parties and outsourced arrangements
- Establish onboarding compliance review process
- Develop and implement a third party and outsourcing compliance program
Reporting / MI
- Management of monthly reporting for SCUK, San UK and SCF Madrid
- Responsible for completing regular reviews of reporting and MI and implement a plan for continual development to meet regulatory and business needs
- Management of Compliance committee papers and packs
- Management of reporting to relevant committees within the business including Risk Committee and Board (ensuring that appropriate approval is in place and coordinating with all relevant stakeholders and SMEs)
- Continually review and develop internal reporting and MI
- Work with Joint Ventures on any reporting requirements
- Management of any other reporting required by senior management from time to time
Regulatory Reporting
- Responsible for gathering any regular and ad-hoc reporting required by regulatory bodies
- Responsible for coordinating and inputting Regulatory Reporting such as RMAR
- Ensuring that relevant governance and approvals are in place before any reports are submitted
General Responsibilities
- Assist in day-to-day management of compliance matters as SME within the business
- Manage a small team of Compliance Officers and take responsibility for their development
- Support departmental and business projects and initiatives and act as a team player
- Take responsibility and actively manage any RCSA requirements relevant to your areas of responsibility
- Adhering to our commitment to Consumer Duty ensuring we put our Customers’ needs first and set higher and clearer standards of consumer protection
What we’re looking for:
- Compliance experience supported with an appropriate qualification
- Demonstrable management experience
- Experience in risk management and development of robust MI
- Strong interpersonal skills
- Experience with effectively implementing change
- A good knowledge of current UK regulation affecting the business and industry
- Extensive knowledge of Compliance issues, including risk management
- Developed knowledge of FCA regulations and rule books
- Work experience within the motor finance industry (advantageous – not essential)
We have a range of benefits available which include:
- Competitive salary of £55,000-£60,000 dependent on experience
- 30 days holiday per annum, plus bank holidays
- Car allowance
- Private Medical Insurance
- Generous pension contributions
- Employee assistance programme
- Sharesave scheme
- Gym passes at a reduced rate for 3,000 gyms, leisure centres etc
Inclusion:
At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.
What are the next steps:
If you are interested in this role and believe you have the skills, experience, and knowledge then we’d love to hear from you. Please go ahead and click apply which will take you through some questions and allow you to submit your CV and covering letter.
