Head of Group Policy, Governance & Reporting

Description

Position at Moneycorp

Who We Are

Moneycorp is a thriving dynamic business with an excellent reputation helping Corporate and Private Clients with their FX and International Payments requirements for over 40 years. As a globally expanding business, our footprint covers UK & Ireland, Europe, USA, Canada, Hong Kong, UAE, and Brazil!

With our extremely rare single IBAN multi-currency account, we are able to assist with a variety of different payment needs, including business payment solutions, personal payments abroad (for example buying a property), travel money, as well as the ability to offer interest on deposits. Supplementing this, we also support the global supply chain of wholesale banknotes through our Financial Institutions Group (FIG) and partnership with the US Federal Reserve Bank, to build deeper payment relationships with international banking customers.

It is through obtaining our own banking and payment licenses, the acquisition of two banking platforms and access to 16+ liquidity providers that we are able to proposition a trailblazing FinTech payment infrastructure that simplifies our customer\’s diverse business needs and reduces their costs. There is no doubt that we are a major player and differentiated ourselves in a continuously evolving and competitive industry.

With 500+ employees, Moneycorp prides itself in attracting some of the world\’s top talent and the people who work at Moneycorp are truly behind its continued success. As Moneycorp continues to expand into new territories, there are considerable opportunities for growth for newcomers and the learning possibilities are endless. We welcome you to be part of a team which has a passion for the business, all within a collaborative and supportive working environment that has ultimately translated to a unique exciting business. To find out more about our journey click here .

Your Next Challenge

This role will be responsible for leading the work undertaken by the Group Risk Management team (also supporting Group Compliance and Legal) for Policy management, Corporate Governance, Risk & Compliance Committee reporting, Consumer Duty and Change Risk (2nd Line).

ROLE REQUIREMENTS

Please note your job and role title may be changed subject to operational requirements.

Risk and Compliance Reporting

1. Coordinate Group Risk and Compliance reporting submissions Group and entity Executive Committee, Boards, & Risk committees and forums.
2. Design and standardise Group Risk reports, working closely with the Group Head of Risk, Head of Operational Risk and CRCOs.
3. Oversee the co-ordination and delivery of Compliance & Risk Reporting requirements, ensuring deadlines are being met.

Consumer Duty Risk

1. Oversight & challenge of the production and distribution of all periodic Consumer Duty Board reporting.
2. 2nd Line challenge of the Consumer Duty Board report, to provide assurance over the firm\’s annual regulatory board submission requirement.

Change Risk & Product Risk

1. Develop and oversee a Change Risk Framework including Change Risk policy and highlight Change Risks to the head of Group Risk.
2. Representation at and 2nd Line oversight of Moneycorp\’s New and Approved Product Approval (NAPA) process, providing 2nd Line challenge and escalating to the Group Head of Risk, as required.

Governance Risk

1. Close liaison with Legal / Company Secretary.
2. Assist to review effective of Moneycorp corporate governance.
3. Oversight of the effective committee governance across the firm, ensuring all key governance materials are maintained in good order and aligned to the firm\’s governance standards.

Policy Management

1. Putting in place a framework for firm wide policies, ensuring consistency across the group.
2. Ensuring that policies are aligned to the objectives of the company.
3. Ensuring policies are designed in a way which evidences that the client and their needs are at the centre of policy objectives.
4. Enhancements and improvements to policy management on a continuous improvement basis and subject to available budget.
5. Overseeing quality assurance of Risk, Legal and Compliance policies.
6. Coordination with Risk & Compliance colleagues to ensure that external regulatory requirements and change are factored into policy updates.
7. Establishing and Chairing a Moneycorp Group Policy Forum.
8. Seek opportunities for best practice across the Group.
9. Close coordination with training & Marketing functions to ensure policy updates are aligned with training needs and communicated in a timely manner.
10. Completion of a periodic policy health check, escalating matters of concern to the Head of Group Risk and through the relevant committees, as appropriate.
11. Oversight of the governance of all Compliance & Risk documents that sit under policy level, ensuring they remain up to date and under regular review.
12. Champion policy governance and reporting standards across the firm.
13. Where appropriate, work with First Line Risk and teams to oversee that gap analysis assessments are conducted to identify weaknesses in the current policy governance architecture.

PERSON SPECIFICATION

Skills, Qualifications and Experience relevant to the Role

1. Degree or above.
2. Corporate Governance accreditation desirable, but equivalent experience also acceptable.

Key Performance Criteria

Knowledge and Experience:

1. Operated a similar level in a financial institution with exposure to fields of Risk, Compliance and control management.
2. In depth technical knowledge and practical experience of regulatory framework including, FCA, CBI, Gibraltar FSC and other bodies in jurisdictions where Moneycorp has a presence.
3. A strong understanding of the financial services industry.

Skills:

1. A thought leader on insights and context in relation to the risk and compliance environment.
2. Strong communication and interpersonal skills.
3. Strong leadership skills and the ability to manage within a matrix organisation and can evidence ability to motivate a team.
4. Builds strong teams and capability.
5. Consultative style with the ability to work collaboratively across all business units and establish credibility quickly.
6. Delivery focused with a hands-on approach.
7. Strategic and proactive thinker ability to see the big picture.

Personal Attributes:

1. Adaptable and flexible.
2. Calm, confident & resilient.
3. Proactive – Willing to \’roll sleeves up\’.
4. Personable and approachable.
5. Proactive, delivery focused.
6. Professional.
7. Team player.
8. Self-motivated.

The successful candidate will be part of a dynamic team and work in a fast-paced environment, catering to a diverse mix of stakeholders with varying needs. Therefore, the ideal candidate should be a self-starter, as there is an opportunity to make an immediate and tangible contribution to the business.

Please note : This is a full-time, permanent position mainly based at London Victoria Office with some hybrid flexibility (at manager\’s discretion) but may involve international travel to other Group company locations. Flexibility will be required in line with business needs.

What you get in return:

This role offers a competitive salary, plus a benefits package including private medical health insurance.

Interested?

If the role sounds like you, we invite you to upload a copy of your CV and can do this by clicking on the Apply Now button.

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Diversity and Inclusion

Moneycorp is proud to be an Equal Opportunity employer. Across our Group, Moneycorp maintains a philosophy that an inclusive company culture inspires creativity, fosters a sense of belonging, and is imperative to both personal and professional growth. With a makeup of 47 percent female employees, Moneycorp has a remarkably diverse workforce. Our commitment to inclusion and opportunity continues to evolve and improve as we listen and engage with our diverse teams.

All qualified applicants will receive consideration for employment without regard to age, colour, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, political affiliation, status as an individual with a physical or mental disability status as an individual with a protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances.

Moneycorp believes that diversity is critical to our success in helping Corporate and Private Clients with their FX and International Payments requirements across the world and is committed to creating an inclusive, mutually respectful environment which celebrates diversity. We hire on the basis of talent, merit, competence, performance, and business needs.

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