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Data Privacy Compliance Manager

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FNZ Group

3mo ago

  • Job
    Full-time
    Senior & Expert Level
  • Edinburgh

AI generated summary

  • You need experience in data protection, knowledge of GDPR and UK DPA, understanding FCA rules, and strong communication skills. A legal background and relevant qualifications are preferred.
  • You will ensure data privacy compliance, provide consultancy, monitor regulations, oversee risk assessments, develop training, and liaise with stakeholders while fostering a culture of compliance.

Requirements

  • Experience required:
  • Previous experience in a data protection oversight, data protection consultancy or GDPR practitioner role, ideally within a financial services environment.
  • Good knowledge of GDPR and UK DPA requirements and related guidance.
  • Understanding of FCA rules and regulatory framework preferably gained through a compliance function.
  • Experience of platforms / investment operations services an advantage.
  • Relevant professional or industry qualification. Ideally with a Legal background.
  • Good communication, relationship management and influencing skills.
  • Ability to build and maintain effective internal and external relationships.
  • Ability to analyse, present and report regulatory information to stakeholders in a clear and concise manner.

Responsibilities

  • - Promote a culture of data privacy compliance within FNZ UK
  • - Provide SME advice and consultancy for FNZ UK on maintaining its compliance with data privacy / data protection obligations primarily focussed on FNZ's responsibilities as Data Controller.
  • - Provide support to FNZ UK Senior Management by providing oversight and assurance on the systems and controls connected with FNZ UK's data privacy obligations.
  • - Provide consultancy and challenge to the business on data protection / data privacy on behalf of Risk & Compliance.
  • - Work with Information Risk Management second line team to ensure strong controls over security of personal data.
  • - Work with Group functions to ensure compliance with data privacy requirements over Website privacy policies, content and cookie compliance.
  • - Oversee Legal, Procurement and Supplier Management to ensure compliance with regulatory requirements applicable to data protection agreements.
  • - Oversee new business initiatives/ propositions, and Data Privacy Risk Assessments.
  • - Maintain and update the Risk & Compliance data privacy policies and procedures in line with applicable legislation, regulations and codes of practice.
  • - Oversee HR's mapping of personal data and Records of Data Processing.
  • - Plan and undertake Compliance Monitoring Reviews on Data Protection where required and undertake BAU monitoring where required.
  • - Carry out thematic reviews across FNZ, identifying and recording issues arising from such work and pursuing them to resolution.
  • - Assist the DPO as required with the assessment and reporting to ICO of personal data breaches by FNZ UK as data controller.
  • - Provide consultancy and oversight to the business on responding to Data Subject Requests including DSARs.
  • - Provide consultancy and oversight to the business on the completion of Data Privacy Impact Assessments, Legitimate Interest Assessments and International Transfer Impact Assessments.
  • - Develop and maintain training material for mandatory data privacy training modules for all FNZ (UK) Ltd, FNZ Securities Ltd and FNZ TA Services Ltd.
  • - Produce MI and reports to the FNZ (UK) Ltd, FNZ Securities Ltd and FNZ TA Services Ltd Board and management committees, as required.
  • - Assist the DPO and oversee Business Owners to maintain appropriate records and documentation relating to data privacy, including ICO registration and contact details.
  • - Maintain Records of Data Processing as a Data Controller, Register of Personal Data breaches, Compliance Data Privacy Universe, Compliance Data Privacy Risk Register, Compliance Data Privacy Incident Reports/Assessments, Data Privacy Impact Assessments and International Transfer Assessments, and Data Privacy Notices as a data controller.
  • - Monitor the ICO, FCA and EU Commission websites for developments in regulation of data privacy and maintain awareness of legislative changes and developments in industry best practice regarding data privacy.
  • - Contribute as SME to the implementation of data privacy regulatory developments that impact FNZ (UK) Ltd, FNZ Securities Ltd and FNZ TA Services Ltd or its client platforms.
  • - Provide impact analysis on data privacy regulatory changes as required.
  • - Consult with the business to facilitate understanding of data privacy regulatory developments to enable embedding into processes and controls.
  • - Assist the Compliance Regulatory Developments team to ensure that UK data privacy regulatory changes are notified where appropriate to internal Committees and to clients.
  • - Provide support and challenge to key business stakeholders in managing data privacy risks and issues within the business.
  • - Liaise with external stakeholders including clients, auditors, third parties as required.
  • - Share ideas to enhance cross-team learning and development.
  • - Build and maintain relationships (internal and external).
  • - Support the team's efforts to succeed.
  • - Balance team and individual responsibilities.
  • - Exhibit objectivity and openness to others' views.
  • - Support the organisation's key business objectives whilst maintaining regulatory compliance.
  • - Encourage and drive quality and continuous improvement of processes used across the business.
  • - Ensure practices are compliant with regulatory bodies' expectations.
  • - Prioritise work and manage service delivery targets within tight constraints, maintaining flexibility in respect of shifting business priorities.
  • - Take ownership for workload and be proactive in approach.
  • - Use strong communication skills, employing appropriate language and style of communication that is relevant to the situation and circumstances to influence.
  • - Demonstrate sufficient self-awareness to identify personal strengths and areas for development.
  • - Analyse and problem solve.
  • - Maintain a calm, reasonable and professional manner.
  • - Work under pressure.
  • - Be flexible to change, eager to improve and develop new skills.
  • - Meet UK regulatory requirements in connection with data privacy.
  • - Build awareness of data privacy within FNZ (UK) Ltd, FNZ Securities Ltd and FNZ TA Services Ltd.
  • - Foster positive interaction with and feedback from internal/external stakeholders in relation to data privacy.

FAQs

What is the main responsibility of the Data Privacy Compliance Manager?

The main responsibility is to promote a culture of data privacy compliance within FNZ UK and provide expert advice and consultancy regarding data protection laws and regulations.

Who does the Senior Data Privacy Compliance Manager report to?

The Senior Data Privacy Compliance Manager reports to the Data Protection Officer.

What experience is required for this role?

Previous experience in a data protection oversight, consultancy, or GDPR practitioner role, ideally within a financial services environment, is required.

What is the role's focus in terms of compliance?

The role primarily focuses on ensuring FNZ's responsibilities as a Data Controller are met in accordance with data privacy and data protection obligations.

How does the Data Privacy Compliance Manager support Senior Management?

The manager provides oversight and assurance on systems and controls related to FNZ UK's data privacy obligations.

What qualifications are desired for candidates applying to this position?

A relevant professional or industry qualification is desired, preferably with a legal background.

What legislative frameworks should the applicant be familiar with?

The applicant should have a good knowledge of GDPR and UK Data Protection Act requirements, as well as an understanding of FCA rules and regulatory framework.

Is training involved in this role?

Yes, the role includes the development and maintenance of training material for mandatory data privacy training modules.

What are the key skills needed for this position?

Strong communication, relationship management, influencing skills, and the ability to analyze and report regulatory information concisely are key skills required.

How does this role contribute to regulatory oversight?

This role assists in ensuring compliance with various data privacy laws, conducting risk assessments, and maintaining necessary documentation and records related to data privacy.

Will the Data Privacy Compliance Manager interact with external stakeholders?

Yes, the manager will liaise with external stakeholders, including clients and auditors, as required.

How does the role promote a culture of data privacy within the organization?

The role promotes this culture through training, communication, and by providing consultancy and challenge to the business regarding data privacy practices.

Is there a focus on monitoring regulatory developments in data privacy?

Yes, the role involves monitoring developments from the ICO, FCA, and EU Commission regarding data privacy regulations and industry best practices.

What are the performance assessment criteria for this position?

Performance is assessed based on meeting UK regulatory requirements, building data privacy awareness within FNZ UK, and receiving positive feedback from stakeholders.

1001-5000
Employees

Mission & Purpose

FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back. We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution. We partner with over 650 financial institutions and 12,000 wealth managers, with US$1.5 trillion in assets under administration (AUA). Together with our customers, we help over 24 million people from all wealth segments to invest in their future.