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- Tasks: Join our Compliance team to ensure we meet legal and regulatory standards while supporting senior management.
- Company: FSCS has been helping customers of failed financial firms for over 21 years, making a real difference.
- Benefits: Enjoy hybrid working, a comprehensive benefits package, and a supportive, inclusive environment.
- Why this job: Shape the future of compliance while working in a respected organisation that values your contributions.
- Qualifications: Experience in compliance frameworks and strong analytical skills are essential for this role.
- Other info: Opportunity for personal development and collaboration within a growing team.
The predicted salary is between 67500 - 71250 £ per year.
An exciting opportunity has arisen for a Compliance Business Partner to join the 'second line of defence' Compliance team at the FSCS. The role holder will support the Compliance Manager and Head of Risk & Compliance in the delivery of the continuous compliance process by conducting deep dives, providing timely, evidence-based reporting for the Board, Risk Committee, Executive Team and wider management in accordance with FSCS's Compliance Framework.
The Compliance Business Partner will be responsible for:
- Assurance Reporting
- Conducting second line compliance deep dives to provide senior management with assurance on the FSCS's compliance with its legal and regulatory obligations.
- As part of the deep dive process, analysing a range of evidence/documentation related to policies, procedures, processes and controls, identifying opportunities for enhancement.
- Conducting root cause analysis to assist the organisation in preventing and solving underlying issues.
- Assimilating complex information/data and articulating observations in a clear and concise manner for a range of audiences.
- Producing compelling reporting and delivering evidence-based outcomes.
- Maintaining the team's action tracker to ensure remedial actions are completed by owners in a timely manner.
- Supporting the delivery of ad-hoc second line assurance review work as required by senior management.
- Stakeholder Engagement
- Engaging with stakeholders across the organisation to gain an understanding of key processes and to obtain information for assessing compliance.
- Supporting positive relationships by recognising the bigger picture and the balance between business objectives and compliance obligations, in line with the organisation's risk appetite.
- Working with stakeholders to obtain agreement on remedial actions, and working with action owners to see actions through to completion.
- Risk & Compliance Team Collaboration
- Contributing to the strengthening of the Three Lines of Defence and wider success of the Risk & Compliance Team.
- Engaging with other areas of the Risk & Compliance Team to share insight and maintain a collaborative working environment.
The Successful Applicant:
- Appropriate experience and knowledge of compliance frameworks.
- Knowledge of compliance deep dive or review methodologies.
- Sound understanding of the UK financial services sector and the role of the Financial Services Compensation Scheme.
- Strong analytical skills and ability to analyse, interpret and assess operational processes and controls against their legal and regulatory obligations.
- Demonstrable stakeholder management skills, across the three lines of defence as well as with senior leaders.
- Experience of producing reports and in analysing data.
What's on Offer:
- Salary range of £67,500 - £71,250
- Hybrid working - with a 40% office requirement at the FSCS London office
- Comprehensive Benefits package including personal pension, private medical and dental insurance, life assurance, income and critical illness protection and many more
- Enhanced maternity and paternity pay and adoption leave - 6 months full pay
- Excellent working environment which has invested greatly in a flexible people offering that employees love and that supports and promotes diversity, inclusion, and overall wellbeing
Compliance Business Partner employer: Financial Services Compensation Scheme
Contact Detail:
Financial Services Compensation Scheme Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Business Partner
✨Tip Number 1
Familiarise yourself with the FSCS's Compliance Framework and the specific compliance methodologies they use. Understanding their approach will help you demonstrate your knowledge during interviews and show that you're aligned with their objectives.
✨Tip Number 2
Network with professionals in the compliance field, especially those who have experience in the UK financial services sector. Engaging with industry peers can provide insights into the role and may even lead to referrals or recommendations.
✨Tip Number 3
Prepare to discuss your analytical skills and how you've applied them in previous roles. Be ready to share specific examples of how you've conducted deep dives or root cause analyses, as this will be crucial for the Compliance Business Partner position.
✨Tip Number 4
Showcase your stakeholder management abilities by preparing examples of how you've successfully engaged with various teams to achieve compliance goals. Highlighting your collaborative approach will resonate well with the FSCS's emphasis on teamwork.
We think you need these skills to ace Compliance Business Partner
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Compliance Business Partner position. Understand the key responsibilities and required skills, such as assurance reporting and stakeholder engagement.
Tailor Your CV: Customise your CV to highlight relevant experience in compliance frameworks and analytical skills. Emphasise any previous roles where you conducted compliance deep dives or produced reports, as these are crucial for this position.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the UK financial services sector and your ability to engage with stakeholders. Use specific examples from your past experiences to demonstrate how you can contribute to the FSCS's goals.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that your documents are clear and concise. A polished application reflects your attention to detail, which is vital for a compliance role.
How to prepare for a job interview at Financial Services Compensation Scheme
✨Understand Compliance Frameworks
Make sure you have a solid grasp of compliance frameworks, especially those relevant to the financial services sector. Be prepared to discuss how these frameworks apply to the role and provide examples of your experience in implementing or assessing compliance measures.
✨Showcase Analytical Skills
Since the role requires strong analytical skills, be ready to demonstrate your ability to analyse complex data and processes. Prepare examples where you've successfully conducted deep dives or root cause analyses, and explain how your findings led to actionable insights.
✨Engage with Stakeholders
Highlight your experience in stakeholder management. Discuss how you've built positive relationships across different teams and how you balance business objectives with compliance obligations. Be ready to share specific instances where you've collaborated with stakeholders to achieve compliance goals.
✨Prepare for Reporting Scenarios
As reporting is a key part of the role, practice articulating your observations clearly and concisely. Prepare to discuss how you've produced compelling reports in the past, focusing on the evidence-based outcomes that influenced decision-making at senior management levels.
