Conduct & Regulatory Risk Specialist

Business Unit: Regulatory Conduct & Risk AssuranceSalary Range: GBP36,000 - circa GBP47,000 doeContract Type: 12 month maternity leave cover, Full Time or part-time (minimum 0.8 FTE )We're pretty busy here at Virgin Money, transforming our team to help us disrupt the status quo but we've lot more to do, if we are to grow as a digital first bank and that includes accelerating our digital agenda in a truly agile. We also said 'Hello' to A Life More Virgin, our exciting new proposition offering our colleagues more choice, control and flexibility to live and work how they choose.

Here's what it means for YOU:

• 38.5 days annual leave for all colleagues (including bank holidays and pro rata if part-time)?
• Five extra paid well-being days per year?
• A 35 hour working week
• 20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
• Market leading Pension & Private Medical Insurance
• Flexible benefits including Cycle to Work, Wellness & Health Assessments and Critical Illness
• Ability to work anywhere in the UK? (where the role allows)

And, you get these Red Hot Rewards from day one!

We have an exciting opportunity within our Regulatory Compliance Risk & Assurance Team to play a key role in supporting the Bank to deliver its strategy for our customers and ensure that we align to Regulators' requirements as they relate to our product and service propositions.

The Regulatory Specialist will be responsible for supporting the Regulation & Conduct Lead Manager in keeping abreast of regulatory developments, in particular those impacting business banking, ensuring that stakeholders are provided with timely notification of such changes; providing regulatory policy direction to internal business initiatives; representing Regulatory Compliance Risk & Assurance on relevant projects; - and offering effective 2nd line oversight and challenge to the 1st line.

Day to day you'll??

• Support the Regulation & Conduct Lead Manager in the review and oversight of policies and standards owned by Regulatory Compliance Risk & Assurance
• Maintain relationships between Regulatory Compliance Risk & Assurance and key Bank stakeholders
• Attend and contribute to project and business committees and forums as required and, where appropriate, deputise for the Regulation & Conduct Lead Manager.
• Keep abreast of industry best practice developments and have a working knowledge of the FCA Handbook and other relevant regulation e.g. MiFID
• Work collaboratively with respective business areas to develop, agree, review and challenge conduct risk mitigation and management strategies.
• Conduct regular analysis and review of relevant MI with a view to provide challenge to business units on the status and quality of the MI
• Provide guidance regarding the FCA's approach to conduct risk, relevant rules, regulations, and guidance and any emerging and developing areas of interest which could have an impact on the Bank's wider business strategy.
• Support the accurate and insightful reporting to governance committees detailing material regulatory breaches, emerging regulatory risk issues, justification for amendments to risk profiles.

To be brilliant you must have

• A good understanding of the UK Regulatory environment.
• A track record of presenting to, interacting with, and building trusted relationships with key internal stakeholders, business partners and relevant external agencies.
• Ability to manage the needs of multiple senior stakeholders and deal with competing priorities.
• Ability to identify and challenge the Business with a view to mitigating the risk of customer harm and ensuring compliance with relevant regulations and guidance; and
• Excellent written / verbal communication skills.

We'd love you to have

• Previous experience in a Risk related role.
• An awareness of markets regulation e.g. MiFID, EMIR.
• Good knowledge of the Bank's Risk Management Framework.
• A good working knowledge of the Bank's products, services and customer journeys, in particular business banking products.
• A good level of knowledge of the Bank's policies pertaining to Regulatory and Conduct Risk.

We really need you to have the skills and experience listed in the 'To be brilliant you must have' section above, but the rest is just our wish list, so please don't let that put you off applying, we'd love to hear from you!

Inclusion at Virgin Money

Inclusion is at the heart of everything we do here at Virgin Money. It's good for you, it's good for us and it's amazing for our customers. We know that great minds don't think alike, so we rely on your diverse thoughts, feelings, beliefs and backgrounds to be the best we can possibly be. Got any questions about this or need some support with your application? We'd love to hear from you so get in touch with our friendly team at .

Now the legal bit???Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it) but we will need to you to confirm you have the Right to Work in the UK.

If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing 3 years' worth of satisfactory references.