Description
We’re looking for a Senior Regulatory Compliance Manager to support our UK Compliance Team by providing regulatory advice and objective check and challenge to enable Wise to scale its UK businesses compliantly.
Your key responsibilities:
- Advise the business on regulatory requirements, specifically focusing on FCA regulations, capital and liquidity compliance expectations, regulatory reporting, and applicable sections of the FCA Handbook and PRA Rulebook.
- Provide check and challenge to regulatory analysis, regulatory risk assessments and controls provided by our first line Product Risk and Compliance team.
- Support first line teams to identify and mitigate regulatory risks.
- Conduct regulatory analysis on upcoming changes to FCA and PRA requirements, prudential standards, and the UK regulatory framework, advising first line teams on implementation plans to ensure compliance.
- Draft regulatory compliance policies and guidance.
- Lead obligations mapping for new product offering(s).
- Understand and apply the relevant aspects of the operational resilience requirements.
- Interpret consumer duty and conduct requirements.
- Work closely with the wider regulatory team to manage our policy framework, FCA regulatory engagement, and prudential/conduct reporting.
- Help maintain and update the UK compliance framework, policies, and documentation within the broader Wise Group compliance framework, ensuring they are appropriate for new products/activities and risk appetite.
- Work with the first line business owners to ensure findings from audits and monitoring and testing are remediated efficiently and effectively.
- Provide regulatory training and self-help materials to assist first line teams to comply with regulatory obligations and compliance policies.
- Handle escalations from first line teams on product developments, incidents and issues.
- Help report on the UK’s compliance performance, regulatory breaches, and the effectiveness of compliance controls via comprehensive and insightful Management Information (MI).
Qualifications:
- Deep working knowledge of UK regulations, including FCA and PRA requirements, as well as experience with regulatory framework implementations.
- Hands-on experience providing regulatory advice, engaging with the FCA and PRA, and managing regulatory risks relating to financial products and services.
- Strong communication and organisational skills.
- Ability to influence others and empower teams to comply with regulatory requirements and mitigate regulatory risks, whilst enabling growth.
- Experience managing or mentoring other employees and enabling them to develop their knowledge and skills.