Working at the Fund, employees have a wealth of opportunities to develop and shape service delivery. Be part of a team striving for top performance and evolving to meet the challenges of scale and increasing complexity whilst continuing to deliver value to our members and stakeholders.
We are seeking a Regulatory Compliance Manager which is a new role within the Governance team reporting to the Head of Governance. The post is responsible for ensuring the Fund's compliance with statutory and regulatory duty developing the Fund's internal controls, tracking items to resolution and providing appropriate management information. To be the Fund expert on industry regulation able to provide advice and assurance on the compliance of working practices reporting to Senior Managers and Trustees on wider governance issues.
Responsibilities will include:
To act as lead liaison with the Fund's regulatory bodies.
Develop and maintain the compliance monitoring program as an active workload management tool carrying out regular testing and review to ensure the Fund is well placed to manage and deliver change.
To be the regulatory compliance specialist for the Fund and to provide support and guidance to Fund staff, ensuring regulatory compliance is adhered to throughout the Fund.
to keep up to date with Compliance industry news and be proactive to put measures in place to ensure necessary working arrangements are changed if required to limit any risks to the Fund.
To respond to National consultation on topics relevant to the working area.
The successful candidate will be educated to Degree level with substantial experience of working within a regulated environment and have significant knowledge of the Pensions industry.
They will have experience of working within a similar role, able to demonstrate effective working practices; with significant knowledge and understanding of the public service pensions industry and working within a regulated industry. They must have strong commercial awareness which underpins understanding of contractual obligation with experience of writing compliance policies and procedures operated in a regulated environment.
The ideal candidate must be highly organised and able to meet deadlines in a professional and timely manner, with good business acumen. They will be highly professional and effective when interacting with internal and external customers and have experience of leading a small team.
The Fund is growing and evolving and offers a great working environment, excellent development opportunities, plus a range of benefits that include a generous defined benefit pension scheme. Please get in touch to find out more, this is an exciting time for the Fund and we are looking for the best people to join our team.
JOB PURPOSE AND ROLE:
To ensure the Fund's compliance with statutory and regulatory duty developing the Fund's internal controls, tracking items to resolution and providing appropriate management information. Supporting front line and specialist teams to develop efficient and effective solutions to manage and demonstrate management of regulatory and operational risk and activity supporting the Fund's development of a best in class governance framework.
To be the Fund expert on industry regulation able to provide advice and assurance on the compliance of working practices reporting to Senior Managers and Trustees on wider governance issues including working closely with the Fund's Technical and Systems teams to ensure all legal and regulatory changes are implemented into the Fund's software systems.
To lead on the development of the Fund's Trustee and Pension Board knowledge and understanding of the scheme as part of that regulatory compliance role.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
1. To act as lead liaison with the Fund's regulatory bodies. 2. Develop and maintain the compliance monitoring program as an active workload management tool carrying out regular testing and review to ensure the Fund is well placed to manage and deliver change. 3. To provide assurance of the Fund's working practices in line with statutory requirements. 4. To be responsible for the Fund's Policy Management, ensuring effective management and implementation of the internal controls framework. 5. Identify potential enhancements through trend analysis and support the implementation of system changes advising senior management as appropriate. 6. Collaborate effectively with the Fund's front-line teams to drive a robust regulatory framework. 7. To manage business risk in line with the challenges identified in the Fund's Service Plan. 8. Keep up to date with regulatory rules and changes i.e. regulatory landscapes and thematics. 9. Analyse regulations and statutory guidance providing technical overviews of compliance requirements and potential impacts on the Fund, leading projects and employees to ensure an effective management program of those requirements identified. 10. Provide advice and support to Senior Managers on the management of the Fund's governance framework including the changes required to ensure ongoing compliance and to lead projects as required to ensure the effective delivery of change. 11. Conduct traceability mapping and requirement analysis between regulations, rules, requirements and solution to provide an auditable 'Body of Evidence' of how the Fund is complying with legal requirements. 12. Plan, prepare and deliver continuing education as required to Fund staff. 13. Leading GDPR "privacy by design" and taking control of GDPR on an on-going basis. 14. Establish, review and monitor internal controls against regulatory requirements to demonstrate ongoing compliance following implementation into business as usual activities. 15. Support internal audit as part of the ongoing programme of service improvement. 16. To ensure pension industry knowledge is up to date and to continue developing knowledge in this area. To identify the compliance training requirements of the organisation and deliver employee training on the Fund's compliance framework and areas of responsibility. 17. To be the compliance specialist for the Fund able to answer and support Fund employees with complex queries including presenting to colleague's fund briefings on service area. 18. Keep up to date on industry practices and legislative/regulatory changes in relation to pensions and effectively communicate those changes to Fund stakeholders including the provision of training sessions/presentations including the drafting of committee reports recommending actions to be taken. 19. To be responsible for Fund policies ensuring they are reviewed and published in line with statutory requirements. 20. To lead on Information Governance at the Fund including the management of Cyber Security working with the Systems Teams reporting to the Head of Governance as Data Protection Officer. 21. To be responsible for responding to annual scheme returns from all regulatory bodies, ensuring deadlines are met. 22. Responsible for the design, implementation and maintenance of an annual compliance monitoring programme including the review of data improvement plans working with the Data Team to implement. 23. To provide specialist, technical and administrative support to Fund Trustees, Local Pensions Board and employees including the development of a training policy and annual plan.
24. To assist in the management of the Trustee and Local Pension Board engagement, development and management function. 25. Support the development of the compliance culture of the organisation and to encourage others to take a proactive approach to issues and changes. 26. Accountable for the monitoring, recording and reporting of breaches both internally and to the Regulator identifying lessons learned and leading change in working practices where required. 27. To have an effective understanding of the role of the Pensions Regulator as the regulatory body of Local Government Pension Schemes. 28. Identify the implications of financial regulation and legislation for the Fund. 29. To manage the Governance Officer ensuring workloads and deadlines are met and to support the Governance Officer with learning and development opportunities. 30. To actively contribute to the engagement and support of Trustees and Local Pensions Board for the Main Fund and the ITA Fund. 31. To take responsibility for the design, delivery and implementation of Trustee and Pension Board training on a regular basis and to facilitate both in-house and external delivery of training. 32. To be a primary point of contact on all matters relating to Trustee and Pension Board training, engagement and development and to regularly reports outcomes to the Head of Governance. 33. To create and monitor a risk register, engaging with relevant service areas, proactively ensuring the management of those risks. 34. To write and be responsible for the Fund's business continuity and disaster recovery plan, both in relation to the operational business and cyber security, working with the Systems Team and the Council's ICT Services. 35. To deliver training to staff as required on areas relevant to the role. 36. To be responsible for the co-ordination and monitoring of risk analysis across the pension service. 37. To provide technical and administrative information in the production of committee reports for Pensions. 38. Ensure that comprehensive records are maintained in an effective manner. 39. To undertake suitable training and development, both specialist/technical and to further improve interpersonal/management skills, in accordance with training and development strategies which may be implemented from time to time. 40. To encourage the development of junior staff within the team. 41. To act in accordance with the Council's Constitution and other Codes of Conduct, 42. To participate in staff development, appraisal and training as appropriate, including professional development. 43. To comply with the Council's agreed policies and procedures including but not limited to Health and Safety, and Equal Opportunities Policies, the Data Protection Act, Freedom of Information Act, Financial Management Regulations and other relevant Council and Government Regulations, Directives and City-wide priorities. 44. To undertake any other tasks, duties and responsibilities as directed and appropriate to the grade and role of the post subject to any reasonable adjustments under the Disability Discrimination Act 1995 as incorporated into the Equality Act 2010. 45. To participate in the wider development of the service and contribute to service improvement as required. 46. The City of Wolverhampton Council is committed to Corporate Parenting. "Corporate Parenting is the collective responsibility of the Council to provide the best possible care and protection for children who are looked after".
For more information or an informal discussion regarding this post please contact Annie Egginton on 01902 551360.
CV's to be sent to mailto:WMPFRecruitment@wolverhampton.gov.uk WMPFRecruitment@wolverhampton.gov.uk
Internal Number: 4828521
About West Midlands Pension Fund
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