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Head of Compliance

  • Salary: Negotiable
  • Job type: Contract
  • Location: Milton Keynes, Buckinghamshire
  • Sector: Finance
  • Date posted: 17/11/2017
  • Job reference: J377622A

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Head of Compliance

3 Months

Milton Keynes


About the role

Your role will be responsible for leading the Compliance team, comprising five direct line reports, in providing support and advice to the UK financial services division of the Volkswagen Group on regulatory and compliance matters in relation to consumer credit, banking and insurance mediation activities.

Your role will involve you not only being the subject matter expert to the business by keeping up to date with ongoing regulatory changes, but also leading the Compliance team and collaborating with the business to support commercial growth and strategic plans.

  • You will provide challenge to business decisions and practices and facilitate best practice whilst liaising with other Volkswagen Group companies as required including their Compliance functions as necessary.
  • You will develop a risk based approach to responsibilities and focus efforts on compliance issues that present higher risk of exposure through informing, advising and supporting senior management and colleagues.
  • Ensure the effective identification, assessment and embedding of compliance, both at operational and policy levels, including ensuring practical change is effectively communicated and effected in relevant areas of the business in a timely manner.
  • Proactive identification of emerging regulatory risks for business areas, to the General Counsel and senior management to ensure that they are aware of developments and potential remedial options. Be accountable for the development and maintenance of the Compliance Risk Register.
  • Provide effective leadership, coaching and guidance to the Compliance team to develop and maintain a robust Compliance function, including technical, practical and pastoral, to ensure activities are performed by an appropriately skilled and technically competent team who are familiar with the business model and the products and services being reviewed.
  • Develop appropriate policy oversight and tracking activity and ensure that policies and procedures are up-to-date and reflect changing regulation.
  • Provide compliance monitoring related reporting to business areas and to the Board of Management and relevant Committees.
  • Participate in relevant Committees and Forums and undertake proactive external networking and lobbying to government and other agencies / regulators to influence positively new laws and regulations.

About you

  • Solid Financial Services industry experience.
  • A proactive and passionate leader, experienced in managing and driving a team forward.
  • Strong and current regulatory understanding and knowledge.
  • Ability to communicate effectively at all levels and to present to a variety of audiences.
  • Ability to deliver pragmatic compliance based knowledge and advice
  • Ability to cope and deliver under pressure and meet strict deadlines
  • Proven track record of working in a high-performing team and the ability to work and liaise effectively across the business as a whole.
  • Educated to degree level or hold a relevant appropriate professional qualification

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