Head of Regulatory Affairs and Compliance Policy
About the team:
The Compliance Function at OSB Group provides trusted and valued risk management services to the business, executive management and the Board which includes advice, support, assurance, oversight and governance activities. We aim to deliver this through engaged employees who are committed to helping our customers, colleagues and community prosper.
About Us:
The OSB Group is a FTSE 250 specialist mortgage lender, primarily focused on carefully selected segments of the mortgage market.
Our specialist lending is supported by our Kent Reliance and Charter Savings Bank retail savings franchises. Diversification of funding is provided by sophisticated securitisation platforms. OSB’s unique cost-efficient operating model is supported by our wholly-owned subsidiary OSBIndia.
Alongside passion for our products and customers, we're passionate about our people and want to continue building a collaborative and engaging environment. Being dedicated to Diversity, Equity and Inclusion, we encourage differences and recognise that individuals from diverse backgrounds and experiences can bring valuable insights and enhance the way we work.This is supported by our Diversity, Community and Environment Employee Engagement Networks and our commitment to the Women in Finance Charter and Women in Leadership Programme.
What you will be doing:
In this role, you will have the opportunity to help shape and guide the Group’s regulatory strategic agenda and priorities in the context of the Group’s growth objectives (organic and inorganic), emerging external regulatory agenda and unexpected issues and events.
You will provide oversight, review and advice to the Group Board and Executive Committee, providing an independent perspective in guiding and framing the Group’s position on prudential, and conduct based regulatory matters. In particular, oversight, review and challenge to the first and second line response to regulatory matters and positioning strategies.You will also manage the relationship with all supervisory authorities and industry groups.
In this brand-new role, you will be able to proactively define the path forward through data, building the way we work with the regulators. You will be able to lead the Policy team through regulatory changes and shape something new.
Your responsibilities will also include…- Working in collaboration with Risk, Compliance, Legal and business and control functions to ensure regulatory compliance strategic priorities are achieved.
- Evolving and maintaining the framework to ensure robust, coordinated and effective regulatory engagement across the Group.
- Providing oversight and challenge on regulatory responses and notifications to facilitate a cohesive, complete and effective approach to managing regulatory relations.
- Providing the Group Board and Executive Committee with advice and guidance on specific regulatory matters and emerging areas of focus.
- Briefing executives and other key stakeholders ahead of key regulatory meetings.
- Attending key regulatory meetings and minute the interactions to ensure adequate records are maintained and actions agreed are progressed and delivered.
- Monitoring, reviewing and reporting on performance against regulatory strategy and risk appetite.
- Defining, shaping and managing the Group’s relationships with the supervisory authorities (e.g. PRA, FCA, Resolution Authority); and industry bodies including UK Finance.
In return for your commitment:
We offer a base salary dependent on experience of between £95,000 - £105,000 and a competitive benefits package including:
- Discretionary annual bonus opportunity of up to 25%
- 30 days annual leave plus bank holidays
- Contributory pension (8% employer 5% employee)
- Life Assurance (4x salary) plus Group Income Protection
- Access to Private Medical Insurance and Medical Cash Plan
- Maternity & Adoption Leave – Occupational Maternity/Adoption Pay provided at 100% of salary for the first 26 weeks.
- Paternity Leave – 8 weeks of paid leave to be taken within 12 months of birth or adoption.
- Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme.
Could you be the one?:
We are looking for talented individuals who have the experience and knowledge set out below:
- Extensive experience in regulatory affairs and supervisory engagement within UK retail banking or direct experience working at a banking regulatory authority.
- Substantial experience of leading and managing a compliance team.
- Demonstrable experience in developing and implementing successful regulatory strategies.
- Considerable experience of direct contact with the FCA/PRA.
- Substantial experience of undertaking Board and Senior Committee presentations.
We also believe that your career and how you progress is as unique as your individual personality. We continually support our people so they can become the best version of themselves.
What to do next:
If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.
Alternatively, if you wish to have an informal and confidential chat please get in touch. Contact details can be found on our careers page.
If shortlisted from your initial application we operate a personalised recruitment process. Interviews are a two way street, we aim for them to be relevant and conversational to get the best out of you!
OSB Group are dedicated to diversity in the workplace and committed to treating all our employees and job applicants equally. We embrace equal opportunities and are opposed to discrimination on any grounds.
As part of our public commitment to the Women in Finance Charter, we have introduced our own initiatives to attract, develop and advance senior women in our sector. We don’t stop there though, we have broadened our approach to encourage diversity and inclusion at all levels and in all roles.Our leadership and Executive Committee are right behind us, to the extent that our Diversity Champions sit at Board level and on a monthly basis receive updates on our progress.
Whilst we are an organisation that values face-to-face interaction to build and nourish our culture, we also acknowledge that people are not just productive in an office and tied to the 9 to 5. Flexible-working opportunities are important for establishing a healthy work-life balance so if you see a role of interest we are happy to be asked about flexibility and explore together if we can make it work.
All applicants must have rights to work in the UK and be willing to undertake the relevant pre-employment screening checks should your application be successful.