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Compliance Manager

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Chetwood Financial Limited

Aug 9

  • Job
    Full-time
    Senior Level
  • Wrexham
  • Quick Apply

AI generated summary

  • You need knowledge of compliance laws, strong communication and analytical skills, risk identification experience, good judgement, a curious mindset, resilience, and a team-oriented attitude.
  • You will embed Consumer Duty, interpret regulations, advise on compliance changes, enhance control environments, develop frameworks, support training, and streamline compliance processes.

Requirements

  • Working knowledge of relevant laws, regulations, and industry best practices related to compliance and financial services, including SYSC/SMCR, BCOBs, CONC, and MCOBs.
  • Excellent communication (written and verbal), relationship building and influencing skills, with the ability to communicate effectively to a variety of audiences, including senior management and committees.
  • Proven analytical skills and problem-solving skills.
  • Detailed knowledge and experience of identifying key Conduct and Regulatory risks.
  • Sound judgement and decision making, planning and prioritisation skills, with the ability to see things through to resolution at all times.
  • Have a naturally curious and inquisitive approach to work, proactively questioning the status quo where appropriate.
  • Be resilient and not shy away from having difficult conversations.
  • Willingness to share knowledge with the team and collaborate with others.

Responsibilities

  • Work with the Senior Manager, Compliance & Governance and key stakeholders to continue embedding Consumer Duty across the business.
  • Review and interpret regulation and regulatory developments, determine potential impact to business and provide detailed advice and guidance to 1st line areas implementing business changes.
  • Monitor external developments and changes in industry best practice and provide advice and challenge to the business in the further enhancement of its control environment.
  • Support with the development, maintenance and implementation of compliance frameworks and policies.
  • Assist in the provision of reports and MI in relation to compliance activities to governance committees/bodies as required.
  • Provide compliance input on the creation and review of conduct-related training for Chetwood.
  • Collaborate with the wider Compliance team in creating and updating compliance policies and procedures to reflect current regulatory requirements.
  • Support the administration of Chetwood’s relationship with regulators.
  • Support with general administrative duties (such as policy and process writing and monitoring).
  • Support new ways to streamline, automate and enhance Chetwood’s approach to compliance.

FAQs

What is the role of the Compliance Manager at Chetwood Financial Bank?

The Compliance Manager will support Chetwood’s compliance activities, including SMCR, Regulatory Change Management, and Compliance Frameworks and Policies, operating within the second line of defence (2LoD) in the Compliance & Governance Team.

What are the key responsibilities of the Compliance Manager?

Key responsibilities include embedding Consumer Duty, reviewing regulations, providing compliance input on training, monitoring industry best practices, and supporting relationships with regulators.

What qualifications or experience are required for this position?

A working knowledge of relevant laws and regulations in financial services, excellent communication and relationship-building skills, proven analytical skills, and a proactive approach to compliance are essential.

Is the position open to part-time applicants?

Yes, the position is open to both full-time and part-time applicants.

What are the benefits offered by Chetwood Financial Bank?

Benefits include a competitive salary, 25 days holiday plus birthday off, pension contribution, life assurance, private medical insurance, hybrid working options, and free breakfast.

Where will the Compliance Manager be working?

The Compliance Manager can work in a hybrid format, with options to be based in Wrexham or Central London.

What is the focus of Chetwood Financial Bank?

Chetwood Financial Bank focuses on creating targeted mortgage and savings products for customers underserved by mainstream banks, emphasizing a clear and supportive approach to financial services.

How does Chetwood Financial Bank ensure compliance with regulations?

Chetwood employs a “three lines of defence” model of risk management, with the Compliance Manager working in the second line to advise and implement compliance frameworks and policies.

What kind of skills are valued in the Compliance Manager role?

Skills valued include sound judgement, decision-making, planning and prioritization, resilience, and a willingness to collaborate and share knowledge with the team.

What should a candidate do if they want to apply for this role?

Candidates interested in applying for the Compliance Manager position should submit their CV and any necessary application materials in accordance with Chetwood Financial Bank's recruitment process.

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Chetwood Financial Limited

Using technology to make customers better off.

Finance
Industry
51-200
Employees
2016
Founded Year

Mission & Purpose

Founded in 2016, Chetwood is a new kind of bank. The digitally native financial services company creates targeted products to make people better off. Unlike traditional banks, we’re not looking to build a customer base and then cross-sell to them. Instead, we focus on distinct customer segments that are underserved by the market, creating innovative products to meet their needs. We do this through different brands, not one, because what works for one customer isn’t necessarily right for all customers. We also do this for other industries and companies too, offering them white-labelled products with no upfront investment. We come from a diverse range of backgrounds and experiences, and it’s because of this that we’re able to challenge every aspect of how financial services operate today and build unique and dynamic products for our customers.