Head of Risk

4 days ago


Sheffield, United Kingdom eFinancialCareers Full time

as they grow exponentially both in the UK and abroad for small, short term loan products.
This is a dynamic, exciting, and innovative work environment with excellent potential for career progression as we grow.
- "We believe in building the right team from the very beginning of our business, where we will reward loyalty, hard work and commitment."_
This is a career choice to be a part of something new and exciting.
**Summary of Position**:
Challenged with:

- Managing a fully comprehensive risk and compliance control structure, this position demands someone with solid previous experience in the role in a financial services environment
- Creating a “legal” collections team
- General legal counsel
The primary responsibility will be to support the company’s operational business in all aspects to ensure compliance and regulatory requirements are met.
**Responsibilities will include**:

- Deliver relevant and well informed advice to the business relating to the operational risks and all factors which could affect regulatory compliance
- Monitoring of compliance with laws, regulations and internal policies in the operational team
- Respond to regulatory enquiries and manage regulatory relationships as appropriate
- Have ownership for setting down robust and effective compliance and risk controls within the organisation by continually reviewing and assisting with the development and implementation of Compliance and AML procedures within ops
- Understand the impact of and work to FCA/PRA guidelines to ensure a fully compliant customer outcome is achieved in all processes
- Be fully conversant with all local policies and able to direct the relevant teams in relation to all relevant regulatory rules as set by the FCA/PRA standards within for example COBS, TCF, and AML
- Tracking and preparing for changes in regulation
- Work with the senior team to create, implement and monitor the operational risk programme, including a robust business continuity plan
- Perform first line risk assessments to understand the level, significance and scope of risk
- Investigate irregularities and non-compliance issues, reporting and advising on areas for concern
- Design and implement reports to create accurate and meaningful statistical information in respect of risk exposure and distribute these to the senior team
- _within 6 months BUILD a legal collections team_

**Skills and experience required**:

- Proven track record within the financial services industry, demonstrating strong knowledge of all relevant FCA/PRA regulations pertinent to consumer lending
- A degree/professional qualification in either Law, Accounting or Business Finance
- Qualified solicitor (preferred)
- Critical problem solving ability, able to make decisions on the information available, which may be limited.
- Strong in ability to analyse and interpret information quickly
- Must be adaptable and able to adjust efficiently to changes within the FCA regulations
- Planning proactively while working reactively to ensure changes and improvements are made as smoothly as possible and without creating compliance or risk gaps.
- Ability to create and deliver training materials or guidance notes for operational use.
- Exceptional organisational skills

**Bonus & Package**:
**Salary**: DOE (c. £100,000 - £120,000), reviewed annually, profit sharing bonus
**Bonus: **Annual bonus related to company and personal performance**
Pension: **Workplace pension
**Holiday: **25 days holiday per year plus bank holidays



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