Private Client Regulatory Risk Manager (10993)

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Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

This role requires the post-holder to support the delivery of strategic business objectives and commercial goals of the Private Client team by supporting the continued build-out and maturity of our approach to regulatory risk management and delivery of good client outcomes in the first line.

What will I be doing?

• Assist in driving a culture of compliance, conduct risk management and good client outcomes across the Private Client team that is understood by all, adhered to, and enables a culture of effectively identifying and managing risks in line with IBP's wider risk frameworks and which is commensurate with the risk appetite and strategic objectives of the Private Client team.
• Work collaboratively with 2nd line compliance and risk teams to provide a clear line of sight of ownership and accountability for the compliance and conduct risks relevant to the Private Client team and its clients.
• Provide day to day risk management guidance and support, to ensure regulatory risk management is embedded throughout the business.
• Quantify the business impact of forthcoming regulatory and legislative change, prioritise the business response and seek approval from stakeholders via appropriate IBP governance forums.
• Drive delivery of the business response to regulatory and legislative change and mitigating adverse client impacts as appropriate.
• Quantify the regulatory impact of new business initiatives and provide guidance and support on managing the regulatory and conduct risks arising from them.
• Ensure issues of potential regulatory risk (including potential regulatory breaches) and poor client outcomes are identified and managed (and/or escalated as required) promptly and appropriately, having due regard to the need to treat customers fairly and manage IBP's regulatory and conduct risks.
• Define solutions in response to risks which are proportionate, sustainable, and considered (i.e., not just plugging a gap but taking a holistic view of the issue at hand and considering what is needed to uplift the risk environment)
• Represent the Private Client team at governance forums and in regulatory risk assessments.
• Support the design of the team's local quality assurance and monitoring activity with regard to key regulatory, conduct and operational risks within the Private Client team.
• Assist in the development of internal policies and procedures in the private client business areas as necessary and provide input into compliance policies impacting the Private Client team
• Create, seek relevant approval for, and deliver regulated training material for the private client business as appropriate.
• Represent the bank at any industry meetings and groups where the subject matter is relevant to the delivery of the business response to regulatory change or industry best practice (e.g., UK Finance)

What are we looking for?

• Regulatory knowledge as applicable to role (compulsory)
• To always act with integrity and embrace the philosophy of treating our customers fairly (compulsory)

Experience/Technical knowledge

• 5+ years compliance advisory experience, ideally with a background in mortgage lending, payments, and banking compliance.
• Knowledge and experience of the Mortgage Credit Directive and Mortgage Conduct of business rule.
• Knowledge of and experience of Banking Conduct of Business rules and Payment Services Regulations 2017.
• Ability to work independently on delivering regulatory projects.
• Ability to read and interpret relevant changes in legislation and regulatory expectations and distil such information to practical instructions for colleagues to help them determine how to proceed.
• Ability to effectively support introduction of operational and regulatory changes to the business.

Personal Attributes

• Excellent verbal and written communication skills are essential in communicating with a wide audience a clear, reasoned approach needs to be exhibited.
• Initiative-taking with emphasis on attention to detail.
• Strong organisational and analytical skills.
• Problem solving mentality.
• A practical approach and the ability to make clear and concise decisions

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote.

Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work.

Here is a selection of what we offer;

Wellbeing

Wellbeing Subsidy, Corporate Gym Membership, Virtual GP, Peppy Health App (Fertility, Menopause and Early Parenthood), Optional Private Medical & Dental Insurance

Monetary

Non-contributory Pension & Discretionary Bonus

Life & Income Protection

Life Assurance, Critical Illness & Income Protection

Travel

Season Ticket Loan & Electric Vehicle Scheme

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same - if the role excites you, please don't let our person specification hold you back. Get in touch!

Recite Me

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