Associate Director

THE RESPONSIBILITIES:

• Implementation of appropriate regulatory monitoring, testing, key risk indicators, and management information.
• Product readiness evaluations during phase testing and post product launch, including consideration of the New Consumer Duty.
• On–going oversight of the outsourced service providers.
• Effective stakeholder management and collaboration. Partnering with the business, and developing a rapport.
• Establishing the governance and SMCR structure, 1st and 2nd line responsibilities, and drafting policies and procedures.
• Setting up all of the required regulatory notifications and reporting, including CASS and SCV.
• Good working knowledge of the regime, experience of all of the main framework components such as; Approvals, annual renewals, handovers, and training.
• Experience of compiling applications for approval and the on–going liaison with the regulators.
• Ability to engage with the Executive and Board.
• Carry out SMCR inductions, and ongoing training.
• To provide advisory services within the areas of Remuneration/MRTs identification and ongoing reviews.
• Carrying out any reviews in relation to GDPR, and ensuring that records are up to date.
• Analysing the impacts of appropriate regulatory developments.
• Reviewing and updating policies and procedures.
• Carrying out required monitoring in the areas listed and other areas of compliance as so required, such as Conflicts of Interest, Whistleblowing, and EMIR etc..
• Provision of training and awareness sessions to staff as and when required.
• Compilation of Committee papers, and where required attendance at Committees.
• Work closely with other areas of the Bank to provide appropriate advisory and guidance, ensuring that positive relationships and coalitions are formed.

EXPERIENCE REQUIRED:

• Good working knowledge and proven experience of successfully establishing a retail product framework, with all associated systems, reporting and controls.
• Good working knowledge and proven experience of the understanding of the requirements and risks relating to Retail Deposits, SMCR, Remuneration/MRTs and GDPR.
• Solid, demonstrable knowledge of PRA and FCA rules and requirements.
• Excellent interpersonal, collaboration and communication skills.
• Strong project and stakeholder management skills
• Strong analytical skills and an eye for detail.