SCUK Economic Crime Compliance Manager in Redhill

Santander Consumer Finance is one of the UK’s leading motor finance companies and we are currently looking for an Economic Crime Compliance Manager. The purpose of this role is to deliver a first-class Economic Crime Compliance function, ensuring the business operates in accordance with all applicable laws, rules and regulations whilst supporting the strategy and commercial aims of the business.

Responsibilities:

• Maintain awareness of proposed changes to Financial Crime and fraud laws and regulation, clarify and assess potential impact on SCUK and prepare briefings for ExCo as necessary.
• Represent SCUK on industry or regulatory forums to discuss developments and gain insight to inform of SCUK activity.
• Support the development and maintenance of compliant, customer-focused policies and procedures through maintaining an up-to-date awareness of developments to European and UK legislation.
• Manage implementation of all changes necessary arising from new law, regulation, rules, guidance, codes of conduct and industry best practice.
• Ensure that appropriate, relevant and up to date Economic Crime compliance training is delivered across the business.
• Maintain staff awareness of our regulatory obligations and compliance policies via use of various mediums.
• Support development of effective Financial Crime and fraud MI capabilities and feedback systems.
• Liaise with internal departments to ensure Santander Consumer-wide reports accurately reflect the status of each function.
• Analyse Financial Crime and fraud MI to ensure processes/procedures operate in a compliant manner.
• Recommend strategies/plans for improvement where shortfalls exist.
• Proactively identify financial crime and fraud risks and support the delivery of appropriate solutions.
• Ensure senior management are promptly advised of any significant issues as they arise.
• Instigate projects or initiatives which close regulatory gaps.
• Review, research, develop and recommend systems, procedures and services to support continual improvement of quality assessments of compliance.
• Assess, establish and monitor the effectiveness of initiatives that will produce significant improvements in regulatory compliance.
• Be the Compliance lead on Financial Crime and fraud related activities.
• Design, implement and embed controls relevant to risks identified.
• Represent the SCUK Compliance function at internal and external meetings, forums and committees.
• Ensure compliance with relevant Financial Crime and fraud policies and procedures.
• Manage the performance and development of individual members of other functions within the wider department.
• Ensure own continual professional and personal development.
• Support the development and upskilling of more junior members.
• Own and enhance existing risk frameworks, becoming the SME for the business.
• Take the lead of key Financial Crime and fraud reports required by both internal and external audiences.
• Ensure timely collation, production and publication of high-quality papers, minutes and tracking of actions.
• Be responsible for the preparation of producing reporting and papers for the Financial Crime Committee.
• Lead and direct the Onboarding & Exits Sub-Committee.
• Support the implementation of the Strategic Blueprint and any strategic initiatives as communicated by SCUK.

As a technical expert:

• Identify key Santander Consumer initiatives where subject matter expertise is required.
• Act as a point of contact for technical guidance and policy interpretation.
• Regularly review industry publications and share knowledge as appropriate.

Risk:

• Deal with or compensate any identified risks in relation to Santander Consumer risk policies.
• Adhere to our commitment to Consumer Duty ensuring we put our customers’ needs first.

What we’re looking for:

• Significant risk and compliance experience in financial services operations.
• A strong commercial awareness and ability to produce clear and practical technical and policy output.
• Strong communicator/influencer with evidence of effective management of stakeholders up to Board Level.
• Demonstrated experience in providing solutions to regulatory issues.
• A detailed knowledge of regulatory and industry matters gained from UK finance or banking organisations.
• People management experience in leading and developing teams.
• A sound understanding of risk controls, processes, measures and related MI/reporting.
• Sound knowledge of regulated and compliant environments.
• Experience within motor-related financial services or economic crime risk/compliance.
• Able to produce sound working documentation and presentations.
• An appreciation of legal, regulatory and compliance issues relating to customer data.

Benefits:

• Competitive salary dependent on experience.
• Days holiday per annum, plus bank holidays.
• Annual bonus based on personal and company performance.
• Car allowance.
• Private medical cover.
• Flexible benefit allowance.
• Generous pension contributions.
• Employee assistance programme.
• Sharesave scheme.
• Gym passes at a reduced rate.

Inclusion:

At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We have a zero-tolerance approach to discrimination, bullying, harassment or victimisation of any kind.

What are the next steps:

If you are interested in this role and believe you have the skills, experience, and knowledge then we’d love to hear from you. Please go ahead and click apply to submit your CV and covering letter.