Compliance Officer - RCI Bank UK Limited - Ware, Herts.
(2014-01 - 2025-01)
Reporting to Head of Compliance. Providing general regulatory advice across Banking and Consumer Credit with a view to pro-active management of Regulatory Risk covering prudential, governance, conduct, financial crime, and compliance with regulatory requirements. A compliance generalist with particular focus on various regulatory and risk management areas.
- Providing timely, authoritative, and relevant advice to first line risk owners through dedicated mailbox framework, including all aspects of consumer credit and insurance mediation activity.
- SME for collections, vulnerability and forbearance options for borrowers in financial difficulty.
- Contributor to Risk Management Framework identifying key components of Regulatory Risk.
- Management of the Risk Control Self-Assessment (RCSA) framework as applied to Compliance function – elements including data management and third-party oversight.
- Reporting to Outsourcing and Third-Party Risk Committee (OTPRC – representing first line risk owners) for oversight of relationships. Highly active, currently running on bi-monthly scheduling.
- Advising Operational Resilience team on meeting PRA requirements SS1/21 and SS2/21.
- Classified the relationships and developed practical processes for relationship management – including financial crime checks.
- SME for application of Products and Services and Price and Value outcomes, as manufacturer of financial services products.
- Embedded annual fair value assessments within first line processes.
- Supported development and enhancement of distributor retail relationships to meet FCA expectations.
- Introduced co-manufacturing obligations where applicable in distributor retail relationships.
- SME for consumer credit financial promotions to meet FCA rules and CAP codes (Commission of Advertising Practice).
- Developed practical mechanisms for submission and approval of financial promotions, across social media, radio, and television.
- Training on key aspects provided to appointed representatives and retailers.
- Correspondent for training and enforcement of standards for Ethics, Anti-Corruption, Conflicts of Interest and Whistleblowing.
- Development of reporting metrics for Board and range of dashboards maintained by Head Quarters.
- Formulating necessary action plans to meet corporate standards.
- Ensuring completeness to capture PRA and FCA output, tabling at Horizon Scanning Forum and following through necessary action plans for implementation.
- Architect of SMCR framework for deposit taking and consumer credit activities. Incorporating Senior Manager coverage of all activities, supported by cohort of thirty certified staff.
- Prototype design in development for pending PRA and FCA amendment – which are currently under consultation.
- Design and maintenance of record keeping, identifying Material Risk Takers, and tracking organisational development, with updates according to regulatory deadlines.
- Enhancement of Statements of Responsibilities to incorporate delegations meeting Conduct Rules and Duty of Responsibility requirements.
- Enhancement of Fit and Proper assessments beyond FCA minimum expectation.
- Timely and accurate management of applications through FCA Connect system.
- Correspondent for training Senior Managers and Certified staff.
- Expert User FCA Connect system.
- Responsibility for oversight of the AR activities, ensuring they remain within permissions specified in the AR agreements.
- Training for AR's relating to credit broking activities, including necessary standards to obtain approval of financial promotions.
- Support for the CF1(AR) role holder in each of the AR's, to meet requirements as FCA Approved Persons regime (not SMCR).
- Maintenance of regulated and unregulated customer documents, to meet consumer credit regulations and financing demands.
- Maintaining high level policies as reference for detailed procedures maintained by risk owners: Arrears Management and Collections; Customer Vulnerability; Conduct Risk; Complaints.
- Maintaining detailed Compliance function procedures: Conflicts of Interest; Gifts and Entertainment; Whistleblowing; Third Party Integrity Management.
- Regulatory Compliance Manual - Author.
- Assembly and data validation of reporting: Consumer Credit RMAR and CCR – Balance Sheet and Profit and Loss account. Deposit taking – REP001 Close Links, REP002 Controllers, REP008 Notification disciplinary action, REP010 Overseas Regulators, REP014 Payment Accounts Report, REP017 Payments Fraud, REP020 Statistics on availability of interfaces.
- Advice to Regulatory Reporting Forum for enhancement of current reporting processes and preparation for future developments on the horizon.
- Expert user FCA RegData system.
- Quarterly Compliance Report for Risk and Compliance Committee.
- Consumer Duty and ad hoc reporting to Board Risk Committee.
Head of Wholesale Funding - RCI Bank UK Limited - Ware, Herts.
(2009-01 - 2013-12)
Managing wholesale credit risk (£500m) against Renault and Nissan franchised dealer network. Supporting franchised dealers in challenging conditions as the economy emerged from the financial crisis.
Financial Controller - RCI Bank UK Limited - Ware, Herts.
(2006-01 - 2008-12)
Merger of Renault Finance and Nissan Finance, covering all aspects of financial accounting.
- Month end and year end accounts.
- Management of financial accounts team.
- Budgeting and forecasting.
- Cash flow and treasury management.
- Sage system manager.
- Implementation SAP CONCUR expenses management system.
Head of Finance and Company Secretary - Konica Minolta Business Solutions (UK) Limited
(2003-01 - 2005-12)
Migration Oracle to SAP R3, merger Konica and Minolta, management of customer asset financing relationships and acceleration of cash flows.
Group Chief Accountant - Thorn Lighting Holdings Limited
(2002-01 - 2003-12)
Managing global consolidation of Thorn group, SAP/Hyperion user.
Finance and Administration Director - Grifols UK Limited
(1998-01 - 2001-12)
Start up SAP R3.
- Monthly accounting and intercompany reporting.
- Managing external audit requirements.
- Corporation tax and VAT SME expert.
- Cash and treasury management.
Financial Accountant, Management Accountant - Schering Agrochemicals Limited
(1992-01 - 1997-12)
Audit and Insolvency specialist - Ernst & Young
(1988-01 - 1991-12)
Qualified chartered accountant.
