Job description
Working within the team as one of our Compliance Managers, you'll partner with stakeholders across the business and lead on providing specialist regulatory and compliance advice.
This is an exciting and varied role where you will have opportunity to be involved in, and gain exposure to, all aspects of Compliance. But don't just take our word for it, here's what Sue, current Compliance Manager had to say:
" Joining the Compliance Team has been exciting and rewarding. From day one I have been made to feel included and supported. Over the past few months I have represented Compliance on the Consumer Duty implementation project and this has enabled me to not only better understand the broader business but also I have enjoyed building relationships with key stakeholders from all departments such as Customer Operations, Sales, Product and Marketing. Everyone I have met so far has been friendly, helpful and approachable and really willing to work together collaboratively to focus on how we can continuously improve outcomes for our customers."
Here’s a bit more about what you will be doing:
- Lead on providing specialist regulatory and compliance advice and promote a compliance culture throughout the business
- Manage regulatory risk by working with business areas to cultivate and maintain key relationships to enable the provision of proportionate and appropriate advice on relevant regulations and business policies whilst supporting commercial strategy. This includes general query advice, reviewing and approving financial promotions, regulatory breaches and incidents and supporting key business projects.
- Design, establish and implement the Compliance Monitoring plan to oversee the first line of defence controls in line with the regulatory risk cycle
- Where required, lead on conducting allocated compliance monitoring and engage with business management to discuss findings, recommendations and changes
- Develop and implement a framework to ensure that all Compliance policies and procedures are reviewed and compliant with FCA and HQ International Organisational Handbook requirements
- Lead on monitoring the operational impacts of the changing regulatory landscape through reviewing and interpreting consultation papers, policy statements and other publications. Determine impacted business areas and ensure appropriate gap analysis is carried out for timely and compliant implementation of requirements.
- Support a positive and open relationship with the FCA and oversee the business to ensure required information is provided within deadlines and that the Board of Management are kept informed of any risks.
- Manage all regular reporting requests including FCA, External Audit and HQ, collaborating with colleagues across business areas to co-ordinate requests and responses
What’s in it for you?
A salary from £51,000 working 35 hours per week. On top of that you’ll also receive an excellent benefits package including tax efficient company car from day one, 2 additional vehicles for family members after 6 months, annual discretionary bonus and salary review, 27 days holiday with the option to purchase more, access to various health & wellbeing services, private medical insurance after 6 months as well as career progression, professional development and access to LinkedIn Learning.
We also have a hybrid working model whereby colleagues can work a minimum of one day in the Milton Keynes office. Flexibility is expected and you can work in the office more if you'd prefer.
This is what you will bring to the role:
- Extensive knowledge and practical experience in applying relevant FCA rules, guidance and Handbooks in a practical context in a consumer credit and/or retail lending environment.
- Direct experience of identification, management, monitoring and reporting of risks either in project or business as usual environment
- Experience of researching and collating complex written information
- Able to work collaboratively in projects and other multi-departmental activities, providing advice to jointly achieve effective results
- Ability to carry out multiple tasks simultaneously, prioritise effectively and use analytical skills to assist in drawing conclusions from complex data
- Excellent communication and negotiation skills, including influencing, educating and reporting to Senior Management
About Volkswagen Financial Services
Our mission is straight forward, we want to be 'The Key to Mobility'. What does that mean? To make getting from A-to-B as easy and simple for as many people as possible. To truly meet the mobility needs of people in a changing world, our offering goes beyond traditional vehicle financing. We do this by providing a range of finance and aftersales products on Volkswagen Group vehicles, as well as developing innovative mobility products designed to solve real problems and support our customers.
Volkswagen Financial Services is committed to being an inclusive employer and we welcome applications from everyone. Diversity and Inclusion is not just a statement for us and we are nurturing an environment where everyone can be their 100% self. If there is anything we can do to support you being your 100% self during our recruitment process, please let us know and we will support you as best we can.
Advert open for applications until 18th June
About Volkswagen Financial Services
CEO: Frank Witter
Revenue: $500 million to $1 billion (USD)
Size: 5001 to 10000 Employees
Type: Subsidiary or Business Segment
Website: www.vwfs.co.uk/en/home.html
Year Founded: 1994