Risk And Compliance Manager

Spring Technology
35000.00 - 40000.00 GBP Annual
11 Sep 2017
18 Sep 2017
Contract Type

Risk and Compliance manager

Salary: GBP35,000 - GBP40,000 + an excellent benefits package

Location: Sheffield City Centre

The Role

The Risk and Compliance Manager is responsible for making sure that we manage
risk and compliance to the highest possible standard, helping us deliver better products and services to our customers.

We need someone that understands risk and compliance in financial services - but we also want someone who can think innovatively about how these challenges are met, looking beyond the usual methods, embracing technology, remembering throughout that we put our customers' interests first.

The Risk and Compliance Manager will join a growing, enthusiastic team, set in a culture that considers high standards an enabler, not an inhibitor. The Risk and Compliance Manager will work with teams and with the many companies we work with, as well as being an important liaison point for third parties such as regulators. Its key purpose is to make sure our modern, innovative alternative to traditional banking is promoted and delivered in a way that complies with the spirit and letter of all applicable regulations.

The Risk and Compliance Manager role would be particularly suitable for someone with risk and compliance experience in financial services, perhaps someone who would enjoy having a bigger
impact in a smaller, faster-paced, less traditional financial services company. The right skills and
behaviours - and the ability to fit into our informal but professional working environment - are
equally important.


Work with third parties and internal teams to understand, communicate and manage compliance with all applicable regulations, including but not limited to the following areas:

-FCA regulations (which flow down from our card issuer and agency banking partner)
-Financial Ombudsman Service (FOS)
-Data protection (ICO regulations)

Implement and maintain compliance management processes, ensuring continuous monitoring, review and improvement.

Manage the compliance relationship with U Account's card issuer and agency banking partner, acting as the first point of contact and an internal liaison and escalation point for all compliance matters, including the approval of marketing and promotional material.

Manage the compliance relationship with direct regulatory bodies, ensuring that all regulatory obligations, including reporting, are fulfilled in a thorough, effective and timely manner.

Introduce reporting procedures to monitor compliance internally and as required, for third parties.

Manage and coordinate compliance incidents, including any suspected breaches, acting as the bridge between internal teams, suppliers and/or regulators, managing the flow of information, ensuring corrective action is swift, coordinated and effective.

Become an internal 'subject matter expert' for all compliance matters, developing a detailed understanding of how our products work, and how they must be compliant.

Introduce and maintain an up-to-date compliance manual, setting out applicable regulations, guidelines and other requirements.

Risk management

Strengthen risk management and governance U Account, including the coordination of operational risk assessments at appropriate intervals.


Understanding and experience of risk and compliance management in financial services

Understanding of financial services regulations and guidelines, including the following areas:

-FCA regulations
-Financial Ombudsman Service (FOS)
-Data protection (ICO regulations)

Understanding and experience of operational risk management in financial services.

Strong timekeeping and organisational skills, able to work under time pressure.

A determination to succeed and thrive on working in a fast-paced environment.

Spring Technology is acting as an Employment Business in relation to this vacancy.

Spring Technology is an Equal Opportunities employer; we welcome applicants from all backgrounds.

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