Regulatory Affairs Specialist

1 month ago

Watford, Hertfordshire, United Kingdom ENGINEERINGUK Full time
About the Role

We are seeking a highly skilled and experienced Regulatory Affairs Specialist to join our team. As a key member of our Regulatory Affairs team, you will play a critical role in ensuring that our operations are compliant with all relevant regulatory requirements.

Key Responsibilities
  • Lead the interpretation of new regulatory reporting requirements, engaging with the Gambling Commission and drawing on support from the Outcomes and Governance team and relevant business functions, to ensure regulatory reporting obligations and associated processes are sufficiently embedded and delivered.
  • Act as a key interface between the Gambling Commission and Allwyn to ensure regulatory reports remain up-to-date and fit-for-purpose as the operation evolves; engaging with the Gambling Commission to seek alignment where updates are required to appropriately demonstrate Allwyn's performance against the Licence and its outcomes.
  • Lead on regulatory engagement and consultation processes where changes are required to the Licence and Regulatory Handbook in relation to regulatory reporting obligations.
  • Ensure appropriate internal oversight of regulatory reports, to foster a shared understanding of performance between the Gambling Commission and Allwyn's governance fora.
  • Manage and oversee a number of Gambling Commission 'notification' requirements under the licence through a strategic approach that builds confidence and mitigates regulatory risk.
  • Provide ownership of the Exceptions Policy for the reporting and escalation of regulatory issues and incidents. This includes the ongoing maintenance of the policy, ensuring it is understood and embedded into functions, providing guidance to the compliance team and governance fora on materiality of impact on the Licence, Exceptions classification and escalation. Importantly this includes the strategic management of any associated Gambling Commission engagement, with an aim to build regulatory confidence and mitigate regulatory risk.
  • Lead the management of regulatory issues and enforcement escalations, including Ad Hoc Exceptions Assurance Statements
  • Managing and overseeing GC information requests and regular queries related to regulatory reports and Exceptions.
  • Support the wider Regulatory Affairs team as required to secure necessary regulatory consents in support of business plans and activities, and establishing regulatory policy positions accounting for regulatory Best Practice.
  • Provide line management of a Regulatory Affairs Executive, supporting their personal and professional development, ensuring high quality deliverables, and acting as a point of internal escalation as required.
  • Deputise for the Head of Regulatory Affairs as required.
  • Champion an understanding of the Fourth Licence across the business, (including Section 6 Licences and the Regulatory Handbook).
  • A good understanding of the Fourth Licence and its obligations across the business.
  • The timely delivery of regulatory reports, and management of associated Gambling Commission queries.
  • Shaping proposed amendments to the Regulatory Handbook through the Gambling Commission consultation process.
Requirements
  • Bright, highly analytical and intellectually agile, able to learn and manage complexity quickly.
  • High level of integrity whilst also able to successfully partner with the business in meaningful ways through building trusting relationships and connections.
  • Strong commercial acumen and strategic solutions driven mind-set.
  • Strong experience with regulatory exposure.
  • Demonstrate experience of management and development of colleagues, effective delegation, and proactive ownership of high priority projects.
What We Offer
  • 34 days paid leave (This includes bank holidays)
  • 2 x Life Days
  • 4 x Salary of Life Insurance
  • Pension: 5%
  • BUPA
  • £500 wellness allowance
  • Income Protection

As part of our onboarding processes, all successful candidates will need to complete both a Pre-Employment Screening process and a Fit & Proper check by the Gambling Commission. These checks include a DBS (an enhanced check, which shows convictions and conditional cautions), credit and social media checks. Should you not disclose convictions at the application stage, not pass the Fit & Proper Check process or not complete your Pre-Employment Screening then unfortunately you may not pass our probation process. All data will be handled in accordance with our data policies and treated with utmost confidentiality.

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