FAQs
What is the main responsibility of the Compliance Advisory Manager?
The main responsibility is to provide independent expert advice and challenge to business divisions regarding regulatory compliance, customer outcomes, and conduct matters, ensuring compliance with regulatory obligations.
What qualifications are required for the Compliance Advisory Manager position?
Candidates should have proven experience in governance and/or compliance roles, knowledge of UK Financial regulations, and ideally a degree in law, compliance, or business administration. Equivalent compliance diplomas or relevant experience may also be considered.
What regulatory frameworks should candidates be familiar with?
Candidates should be familiar with UK Financial regulations, including the FCA Handbook, FCA Financial Promotion regime, PRA Rulebook, and Solvency II requirements.
What type of oversight will the Compliance Advisory Manager maintain?
The Compliance Advisory Manager will maintain effective 2nd line oversight of product governance, including the manufacture and distribution of products.
What benefits does RAC offer to employees?
Benefits include free RAC Ultimate Complete Breakdown Service, 25 days of annual leave plus bank holidays, a Group Personal Pension scheme with employer contributions, life assurance, family leave support, a confidential personal support service, a car salary sacrifice scheme, discounts on retailers, and free onsite parking.
What is the nature of the work environment for this position?
The work environment is collaborative, as the Compliance Advisory Manager will act as a compliance business partner with senior leadership teams across various business divisions.
Is there an opportunity for employees to participate in a share scheme?
Yes, employees automatically participate in the Colleague Share Scheme, called ‘Owning it together,’ allowing them to share in the future success of RAC.
How does the Compliance Advisory Manager support the business in product and pricing decisions?
The Compliance Advisory Manager provides practical and pragmatic advice on regulatory compliance, ensuring that product and pricing decisions meet legal requirements and focus on good customer outcomes.
Will the Compliance Advisory Manager be involved in incident management and breaches?
Yes, the Compliance Advisory Manager will provide support and act as a point of escalation for regulatory compliance and conduct matters, including incident management and breaches.
What are the key skills needed for this role?
Key skills include strong commercial awareness, in-depth knowledge of regulated and unregulated products, effective stakeholder relationship management, and the ability to provide independent and pragmatic compliance advice.