Job: Head of Regulatory & Compliance

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  • Title Head of Regulatory & Compliance
    Categories Latest Jobs in Gibraltar
    Salary £55,0000
    Location Gibraltar
    Job Information

    Head of Regulatory & Compliance (Financial Services)

    • To assist the Director of Compliance with the ongoing development and maintenance of the firm’s compliance program, to ensure compliance with all applicable laws, regulations and rules governing its operations and offerings
    • To participate on the implementation of applicable regulatory changes as they occur and provide compliance advice and guidance to the business on an ongoing basis
    • The drafting and supervision of cardholder framework contracts
    • The drafting of new Regulatory policies and procedures as required by the business needs. On-going review of existing internal policies and procedures to identify weaknesses and recommend improvement and changes to the Director of Compliance to ensure a robust due diligence framework is maintained at all times
    • To assist with the ongoing monitoring of the firm’s risk and Enterprise Risk Management Framework
    • Deputising for the Director of Compliance for all Regulatory and Compliance matters in their absence
    • Communication and training to the Compliance team and other business areas on Compliance and Regulatory matters
    • Management of the Regulatory and Governance team
    • Reviewing documents and procedures submitted by client relationships and providing feedback internally and externally
    • The review and supervision of financial promotion material issued by the business and its clients

    Job Specific Requirements

    A sound understanding of legislative and regulatory requirements in relation to the following:

    • Payment Services Regulations
    • Electronic Money Regulations
    • Relevant marketing and financial promotion requirements in local and overseas jurisdictions
    • Consumer Protection and Dispute Handling Regulation
    • Or be able to demonstrate experience of the analysis and practical application of regulatory legislation in another financial services sector.
    • Understanding of principles based regulation and the application of a risk based approach.
    • Extensive experience of working within the financial services regulated sector with knowledge of oversight requirements for third party relationships and outsourcing.

    Essential Requirements        

    • Legal experience preferable
    • Commercial sense and an ability to understand its impact on managing risk
    • Experience of managing and developing a team
    • Minimum of 3 years working in Financial Services in compliance related role
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