About the Role: 

As Compliance Manager, you will be responsible for supporting the Head of Compliance in implementing all the necessary actions to ensure the achievement of the objectives of an effective compliance function. You will be responsible for ensuring that Onmo complies with all relevant laws, regulations, and internal policies and you will provide guidance and support to the business to ensure compliance with applicable rules and regulations, as well as identify and mitigate compliance risks. The Compliance Manager will also be responsible for developing and implementing compliance training programs and monitoring the effectiveness of these programs. The role holder will support the Head of Compliance maintain a sound and robust compliance framework appropriate to the business. You will be competent in undertaking internal compliance monitoring and assessment and providing assurance across the firm.

The position reports to the Head of Compliance.

Responsibilities:
Support the Head of Compliance in the following areas:

• Develop and maintain a comprehensive understanding of all relevant laws, regulations, and internal policies that apply to the Onmo.

• Maintain Regulatory development log and provide business impact assessments and regulatory updates in a timely manner.

• Provide guidance and support to business units on compliance matters, including reviewing and approving new products, services, marketing materials and remuneration.

• Conduct compliance themed monitoring and advisory reviews 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 to ensure a coordinated approach to compliance.

• Investigate and respond to compliance-related complaints and inquiries from regulators, clients, and employees.

• Support the SMCR Regime by closely working with HR and submit FCA Connect forms and Directory Persons as required.

• Support the ongoing regulatory and change programs by acting as the FCA compliance expert.

• Prepare and submit regulatory reports and filings as required.

• Keep management informed of significant compliance issues and developments.

• Assist in the analysis and production of Compliance reporting.

• Assist in the identification and assessment of emerging risk including those arising from changes to regulatory obligations.

• Participate in industry forums and staying informed about emerging compliance trends and best practices.

• Create and comment on compliance MI that feeds into 2nd Line reporting.

Skills & Competencies

Essential:

• Robust experience in financial services in a 2nd line 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 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 maintain the FCA Reg Data and FCA Connect requirements for the firms reporting, notifications and SMCR requirements

• 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)

Desirable:

• Experience in a credit card or lending firm

• Experience of operating within a company that has experienced rapid growth and change

Qualifications

Essential:
Technical and other qualifications sufficient to allow discharge of responsibilities.

Desirable:
CISI Diploma in Investment Compliance or equivalent.