Director Compliance - 1038166

Birmingham, ENG


The Director of Compliance is the most senior compliance role within the Group and reports into the Board of Directors. This role has overall responsibility for regulatory compliance for the UK and Ireland Group.


Essential Duties and Responsibilities:


Undertake the SMF16 function (and Irish equivalent) for all regulated entities within the growing UK&I Group (which includes P&C Insurance, Employee Benefits and Wealth Management), and the SMF17 function - money laundering reporting officer (and Irish equivalent).


Work with the Chairman and Group MD to ensure the governance structure of the Group and regulated firms is appropriate and fit for purpose and develop the Group’s three lines of defence model.


Ensure that executive apportionment and responsibilities are clear and transparent throughout the Group and reflect operational accountabilities.

Ensure SMCR regime is appropriately implemented in UK and SEAR in Ireland as required. With senior colleagues set the tone from the top regarding good conduct and customer focus.


Operate as the primary contact for the various regulators (including financial and data regulators) that the Group interacts with. Working with senior management, ensure the compliance framework, policies and monitoring is in place to meet the relevant requirements of the various regulatory bodies. These bodies include the FCA and ICO in the UK and the Central Bank of Ireland and DPC in Ireland.  


Chair the risk, regulation, conduct and compliance committee for the Group. Build the committees capability and address the governance and monitoring requirements for each of the regulated entities in the Group to meet the relevant regulatory and conduct requirements. Ensure the Group remains within its risk appetite (as agreed with the Group and entity Board’s) and recommend remedial action to the relevant Board if this is at risk.


Ensure the preparation of reports to each regulated Board from the RRCC committee to summarise status, identify issues and risks setting out any required remedial actions and/or related recommendations.


Lead and develop the risk, regulation and compliance function for the UK&I Group as the business expands both organically and through M&A ensuring it is fit for purpose and appropriately resourced and structured. Build out a shared services capability within the UK&I Group and ensure a strong and integrated approach with Corp parent functions. Build out and execute a proportionate risk based compliance monitoring plan. 


Work with your team to develop and prepare the risk, regulation, conduct and compliance committee MI to monitor the UK&I regulated entities performance and enable reporting, ensuring that the reporting cascades up and down through the regulated entities to the operational areas. Ensure this conduct and customer outcome data is shared and available in the enterprise to drive behaviour.


Ensure all key registers for each regulated entity (Breach, Risk, CoI) are maintained and regularly reviewed. Take affirmative action to address issues and to mitigate risk outside of appetite. Prepare and “rollup” Group level registers bringing to the attention of the Group Board the key risks being managed and any changes to status.


Co-ordinate the business continuity planning for the Group and ensure a fit for purpose plan to protect client interests and the Group’s conduct requirements are met.  


Work with the business operations, HR and L&D function to ensure appropriate training and competency policies for each of the lines business and that all necessary monitoring and certification takes place. Ensure clear identification of regulated activities and advised and non-advised sales activity.

Ensure robust Fit and Proper processes are in place.


Work with Finance to ensure all Client money obligations are controlled and met.





Excellent attention to detail

Commercial acumen – evidence of designing and delivering effective compliance solutions within a fast-paced financials services business

Able to build relationships with key stakeholders across the Group

Experience of managing and developing a team


Education and/or Experience: 

Degree qualified, ideally in law or a compliance related-field

Over 5 years’ experience working within an FCA regulated business

Regulated Diploma in Financial Planning


Certificates, Licenses, Registration: None

Physical Demand:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this Job, the employee is regularly required to sit; use hands to handle or feel and talk or hear. The employee is frequently required to reach with hands and arms. The employee is occasionally required to stand and walk. Specific vision abilities required by this job include close vision and distance vision.