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Risk and Compliance Officer

Croydon, London, United Kingdom, £ £ - Annual Annual, Permanent


Vitality, Risk and Compliance Officer, Croydon, £Competitive + Bonus + Benefits

We're the UK insurer and investment provider that rewards people for positive lifestyle choices. With 1.25m+ UK members and more than 25m globally, we're out to make the world a healthier, happier place.

That applies as much to our people as it does to our members. So, as well as a highly competitive pay package, you'll enjoy: Free places to Vitality sponsored run events, online fitness classes and wellbeing workshops, competitions to win tickets to top-flight sporting events, health checks, and access to our full range of partners and rewards.

It's what we call offering shared value, because a healthy, happy team is good for us, good for our members, and good for you.

As our Risk and Compliance Officer, you'll get the benefits our members enjoy, including:

- Our award-winning private Vitality Health insurance + wellness incentive programme

- Access to The Vitality Programme - Apple Watch, Waitrose and Partners, Garmin, Amazon Prime, Champneys Spa days, Rakuten TV, and half-price gym memberships to name a few!

- Personal health fund + Life Assurance

- Stakeholder Pension Plan with employer contribution

- 25 days annual leave + Bank holidays + option to buy and sell 5 more

- Flexible benefits package

- Internal incentives, competitions, and awards - a chance to win football and sports tickets or even be in with a chance to have a holiday of a lifetime

- A genuine opportunity to grow and establish a long-term career

As our Risk and Compliance Officer, you will play a key role in helping the business deliver strategic initiatives and product launches by acting as the authoritative, strategic voice guiding the business through emerging and existing prudential, conduct, product and industry regulation including but not limited to SYSC, COBS, MIFID, CASS, TCF, AML, Payment Services Directive, ABI guides to best practice and TPR codes of practice.

Responsibilities of our Risk and Compliance Officer will include:

- Owning the incident management and breach reporting framework for Invest, reporting to the 2nd line on impact

- Providing subject matter expert advice to the business in its daily operations

- Regularly reviewing the Operational Resilience framework within Invest, ensuring key control documentation and appropriate oversight and control procedures are in place

- Preparing risk MI for various management forums and committees

- Maintaining the combined Finance and Operations Risk Register reporting on Level 1 and Level 2 Board risks and Risk Appetite Statements

- Undertaking broker concentration risk monitoring, reviewing case sizes and decency limits and supporting the QA function in reviews

- Assisting with Complaint Handling ensuring TCF principles are applied and complaints and handled and responded to in line with FCA guidelines and Group policy

- Advising the Invest leadership team on emerging regulatory change providing impact assessments to senior management

- Attending Change Management Forum and ensuring Abbreviated Business Cases have given due consideration to prudential, conduct, product, and industry regulation

- Facilitating 2nd line compliance and risk reviews, thematic walkthroughs and audits

What we're looking for in our Risk and Compliance Officer:

- Extensive regulatory compliance experience gained within financial services, demonstrating strong knowledge of FCA/PRA regulations including but not limited to, SYSC rules, MIFID, COBS, Treating Customers Fairly, AML, and Payment Services Directive (PSD)

- The ability to understand and interpret emerging regulatory guidelines, consultations, best practice guides and codes of practice

- Extensive experience of wealth products with specific experience in SIPPs, ISAs, GIAs and platforms

- Excellent stakeholder management skills, ability to communicate complex issues accurately and succinctly to employees at all levels in the business

- Resilience - the ability to cope in a fast-moving and challenging environment

- Experience of incident reporting and breach management

Closing Date: Friday 3rd September 2021

Working for Vitality, you will experience an exciting mix of creativity and innovation, within a framework of challenging objectives and a passion for delivering the best.

Our people are chosen for their skills, knowledge, enthusiasm, and attitude but above all, their belief that anything can be achieved.

If you feel you have the skills and experience to become our Risk and Compliance Officer, then please click 'apply' today

Job Details

Not Specified
Croydon, London, United Kingdom
£ £ - Annual Annual