Head of Risk & Compliance

Schroders Personal Wealth
GBP102000 - GBP137000 per annum
01 Apr 2021
10 Apr 2021
Professional / Specialist
Contract Type
The Head of Compliance will have responsibility for compliance matters for the 350 person Distribution business covering:
  • The implementation of appropriate controls over regulatory risk matters;
  • The implementation of Group policies;
  • Escalation of material events;
  • Advising the business on compliance and other risk matters; and
  • Fostering a culture of rigorous compliance.

The post holder will lead the formulation and delivery of strategies, policies and processes to identify risks; and challenge and advise the business to mitigate and control risks in accordance with the Board approved risk appetite. The post holder will also Influence key senior stakeholders, deputise for senior colleagues and contribute to broader strategic planning and business decision-making by providing insight, control and thought leadership.

Principle Responsibilities
  • Lead the 14 person Compliance team and ensure they are an effective control team which supports the control environment and provides second line oversight of the 350 person Distribution function and associated areas.
  • Provide advisory support to the first line teams.
  • Develop and conduct assurance activities, including compliance monitoring plan.
  • Manage and ensure effective operation of key controls for the Distribution business including Training and Competence scheme, call recording and outcome testing.
  • Manage and maintain the Group's SMCR approach for two core firms, liaising closely with Legal, Co-Sec and HR.
  • Maintain the complaint handling framework, oversee and support first-line resolution of complaints, and manage the resolution of all complaints for SPW's financial planning business. This will include liaising with the Financial Ombudsman Service where required.
  • Oversee the Advice Proposition team and advice framework, rules and processes to ensure compliance with regulatory requirements and good client outcomes.
  • Review forthcoming regulatory changes and ensure Distribution are suitably prepared, working closely with the broader Risk team
  • Work effectively and collaboratively with other control functions to ensure a robust control environment is maintained across SPW.
  • Act as part of Risk leadership team and deputise for Chief Risk Officer, as required in meetings/forums.
  • Develop and implement strategy for Compliance team ensuring alignment with broader company and control functions.
  • Investigate and deploy emerging technologies to strengthen the control environment where necessary. This will include a substantial focus on greater use of data and machine learning.
  • Engage with industry bodies and peers within the industry to aid a broader understanding of key issues and support self-development.

  • Strong knowledge of UK regulatory landscape and legalisation applicable to wealth management and financial planning businesses.
  • Ability to analyse and interpret regulation correctly.
  • Understanding of financial planning and wealth management.
  • Strong communication and influencing skills.
  • Experience of working at a senior level. Prior experience of engagement with non-executives desirable.
  • Ability to influence outside of immediate team.
  • Team leadership and coaching.
  • Exceptional integrity and honesty.
  • This role is a certified function (SMCR) and material risk taker (BIPRU).
  • This role is covered by a Training and Competence Scheme

Leadership Duties
  • As a key member of the leadership team develop and execute strategic plans to ensure close alignment to priorities through strong collaboration and effective team working.
  • Develop and inspire a strong and effective 14 person Compliance team who can support, advise and challenge the first-line. This includes ensuring an appropriate succession plan, talent development and day-to-day line management.

Qualifications & Experience
  • Degree educated or equivalent
  • Deep understanding of applicable regulatory requirements.
  • Significant industry experience in Financial Services
  • Level 4 Diploma in Financial Planning desirable
  • Experience of data analysis and emerging technologies desirable.