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Senior Compliance Manager

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Equifax

1mo ago

  • Job
    Full-time
    Senior Level
  • Government & Politics
  • London, +2

AI generated summary

  • You need strong compliance experience in an FCA-regulated environment, knowledge of financial services and FCA requirements, and expertise in conduct risk, debt services, and open banking.
  • You will oversee compliance in D2C, conduct horizon scanning for risks, develop policies, lead compliance monitoring, and support leadership with regulatory queries.

Requirements

  • Strong compliance experience (or equivalent) working in an FCA regulated environment
  • Good knowledge of Financial Services - such as Consumer Credit, Banking, Insurance.
  • Strong understanding of FCA requirements including Consumer Duty, PRIN, COND, DISP, CONC and SYSC; the ability to apply these pragmatically and in the context of business risk
  • Strong knowledge and understanding of conduct and/or regulatory risk, particularly with regards to controls/MI/governance, business strategy, product lifecycle, policies and defining risk metrics/appetites
  • Good track record in understanding business models, associated risks and partnering senior business stakeholders
  • Good experience of digging below the surface and understanding the context and materiality of risks
  • Credit reference agency knowledge
  • Debt services knowledge
  • Open banking knowledge

Responsibilities

  • Provide regulatory oversight of our UK business focusing on the direct to consumer (D2C) business ‘Consumer Solutions’, Open Banking, Complaints, Consumer Product Development, Marketing, Sales and Transformation programmes, partnering with business colleagues and providing constructive challenge and advice as necessary when standards fall below expectations
  • Conduct horizon scanning, proactively identifying new risks, legislation and regulatory rules/guidance, working with the business to identify impacts and commercial opportunities
  • Develop, implement and maintain, policies, plans & procedures
  • Help develop UK mandatory compliance induction and annual training
  • Provide input into the Compliance Risk Universe and Monitoring Plan, taking a lead on Compliance Monitoring reviews to identify areas of risk and support the business in finding effective solutions
  • Raise conduct and compliance risk awareness
  • Support the Compliance Director and wider leadership team with queries or issues raised by the FCA, ICO or other relevant regulators

FAQs

What is the main responsibility of the Senior Compliance Manager?

The main responsibility of the Senior Compliance Manager is to provide expert regulatory oversight across Equifax, focusing on compliance with Financial Conduct Authority (FCA) requirements and offering compliance advice to key stakeholders.

Where can the Senior Compliance Manager position be based?

This position can be based in our London, Leeds, or Nottingham offices.

What experience is required for the Senior Compliance Manager role?

A strong compliance experience or equivalent working in an FCA regulated environment, along with good knowledge of Financial Services such as Consumer Credit, Banking, and Insurance is required.

What specific regulatory knowledge should candidates have for this role?

Candidates should have a strong understanding of FCA requirements including Consumer Duty, PRIN, COND, DISP, CONC, and SYSC, and the ability to apply these in the context of business risk.

What skills could set a candidate apart for this position?

Knowledge of credit reference agencies, debt services, and open banking could set a candidate apart for this position.

How does the Senior Compliance Manager contribute to risk management?

The Senior Compliance Manager contributes to risk management by conducting horizon scanning to proactively identify new risks and regulatory changes, and by leading Compliance Monitoring reviews to identify areas of risk and support effective solutions.

What role does the Senior Compliance Manager play in training?

The Senior Compliance Manager helps develop UK mandatory compliance induction and annual training for employees.

Who does the Senior Compliance Manager report to?

The Senior Compliance Manager reports directly to the Compliance Director.

What is the focus area of the compliance oversight provided by the Senior Compliance Manager?

The compliance oversight focuses on various areas including the direct to consumer (D2C) business 'Consumer Solutions', Open Banking, Complaints, Consumer Product Development, Marketing, Sales, and Transformation programmes.

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Equifax

Finance
Industry
10,001+
Employees

Mission & Purpose

Equifax is a global data analytics company that specialises in providing consumer credit reporting and risk assessment services. They collect and analyse vast amounts of consumer and business data to generate credit scores, produce credit reports, and offer solutions for identity verification, fraud detection, and risk assessment. Equifax's ultimate mission is to help businesses and consumers make informed decisions by leveraging data and insights. Their purpose is to provide trusted and accurate information to support lending decisions, enable responsible financial behaviour, and mitigate risks for businesses. Equifax aims to empower businesses and individuals with the tools and knowledge necessary to navigate the credit landscape, protect against fraud, and make sound financial decisions. They strive to uphold data security and privacy standards while delivering innovative solutions that contribute to a more transparent and efficient financial ecosystem.