Compliance Policy and Assurance Senior Specialist

Requirements of the role

Are you interested in a role where you can help the FCA to execute against risks of harm?

The team/department

The Risk and Compliance Oversight Division (R&CO) performs the second line of defence function in the FCA. R&CO help the FCA identify, assess, and report risks that threaten the FCA’s ability to deliver its statutory objectives. The Division is responsible for:

• Defining and owning the FCA Risk Management Framework
• Providing ongoing guidance and oversight of risk management across the FCA
• Enterprise-wide risk analysis and reporting
• Delivery of Regulatory Investigations and Assurance
• Compliance Oversight
• Complaints

We are recruiting for a talented individual to work in our Compliance Oversight team. The team focusses on the FCA’s obligations as an employer, regulator and public body and it is responsible for the FCA’s overall compliance approach. The team works with compliance policy owners and the first line to oversee the development, implementation and operation of internal Policies and procedures to achieve professional standards.

We also collaborate closely with other R&CO teams to develop the FCA’s enterprise-wide view of risk management and to improve the FCA’s risk management tools and methodologies.

What you will be doing (the role)

• Help the business identify and understand risks as well as finding solutions on how best to mitigate them.
• Use your significant knowledge and expertise of best practice in compliance and control frameworks in the FCA to assess the effectiveness of the overall control environment in 1st line business areas.
• Work in collaboration with Senior Stakeholders, FCA policy owners and 1st line business areas to design, develop, and implement policies that include key regulatory and/or legislative requirements.
• Use data, maintain central records, and produce reports to ensure effective compliance oversight including reporting on compliance activity to Executive and Board committees and to senior management.
• Promote a culture of compliance through advice and training, including advice on the delivery of operational and behavioural change.
• Undertake compliance audits and assurance work to check that policies, Compliance procedures and controls are being correctly applied and executed.

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