Our client is seeking a Regulatory and Compliance Lead with CASS specialism to join their team and play a pivotal role in providing comprehensive second line compliance support to the organisation. You will serve as a strategic partner to business leaders, aligning regulatory and compliance initiatives (including the Consumer Duty) with business objectives, while also handling generalist responsibilities. This role requires a versatile compliance professional with expertise in regulatory compliance, a strategic mindset, and the ability to build effective relationships.

This role offers an exciting opportunity to contribute to both strategic compliance initiatives and day-to-day compliance advisory / operations. You will play a vital role in managing and overseeing compliance matters, providing guidance to business leaders, and fostering a positive work environment. Your expertise in Compliance, combined with your strategic mindset, will enable you to drive meaningful change and support the overall success of the organisation.

Your day-to-day activities will include:

• Develop and maintain a comprehensive understanding of all relevant laws, regulations, and internal policies that apply to Wipro Financial Outsourcing Services Ltd and its client
• Provide CASS advice and steering as required
• Provide guidance and support to business units on compliance matters
• Conduct compliance themed advisory reviews based on risk assessments and develop strategies to mitigate identified risks
• Develop and implement compliance training programs to educate employees on relevant laws, regulations, and internal policies
• Monitor and assess the effectiveness of compliance training programs and make recommendations for improvements
• Collaborate with internal stakeholders, such as quality assurance, risk management and internal audit, to ensure a coordinated approach to compliance
• Investigate and respond to compliance-related complaints and inquiries from regulators, clients, and employee
• Support the SMCR regime by closely working with Compliance Operations who submit FCA Connect forms and Directory Persons as required
• Support the ongoing regulatory and change initiatives by acting as the FCA compliance expert
• Prepare and submit regulatory reports and filings as required
• Keeping management informed of significant compliance issues and developments.
• Assisting in the analysis and production of Compliance Governance reporting
• Assisting in the identification and assessment of emerging risk including those arising from changes to regulatory obligations
• Participating in industry forums and staying informed about emerging compliance trends and best practices
• Create and comment on compliance MI that feeds into the Compliance Officer’s Board Reports Management of any Compliance support staff

What Knowledge, Skills & Experience We Need

• A proven track record in establishing credible relationships with leadership teams and in managing complex compliance issues.
• Successfully operated in a complex environment and be driven to play a key role in regulatory compliance.
• Certified professional in compliance or risk management
• Strong CASS background and experience, including client money and assets, CASS RP and CMAR
• Robust experience in financial services in a second line back-office compliance role.
• Working knowledge of and experiencing in using the FCA Handbook
• Excellent analytical and problem-solving skills, with the ability to identify and mitigate compliance risks
• Strong communication and interpersonal skills, with the ability to effectively communicate complex compliance issues to non-compliance professionals
• Ability to work independently and as part of a team, and collaboratively in a fast-paced, deadline-driven environment
• Strong attention to detail and organizational skills.
• Ability to draft Compliance Oversight reports and other management reports to support the Compliance Oversight Officer
• Ability to create and deliver specific compliance training on a face-to-face basis for employees to enable compliance to be embedded in the business
• Ability to analyse the FCA returns from across the business to ensure they are comparative with previous returns
• Self-motivator
• Strong IT skills (Particularly Excel and other MS office applications
• Experience with compliance monitoring tools and software
• Strong problem-solving skills and the ability to make sound decisions under pressure
• Knowledge of insurance industry practices and procedures
• Location: Hybrid/London (2 days office based)
• Rate: upto £79,900 plus discretionary bonus

Momenta is a global contingent resource solutions company, providing skilled professionals to the financial services, legal, technology and training and development sectors for over 30 years. If you have the skills and experience for this exciting role then apply today and don’t miss out on this exceptional opportunity to become one of our associates and join a company that provides our people with quality opportunities, development and ongoing support globally.