Deputy Head of Compliance
The Compliance Unit
The Compliance Unit is responsible for overseeing the compliance of all regulated entities with the Act. In addition, the Compliance Unit has responsibility for registering and approving PRSA products, and for approving and renewing the registration of Registered Administrators. The Unit acts both reactively – in response to whistle blows and reports– and proactively in accordance with targeted and themed audits, inspections and face-to-face engagement. The Unit is also heavily involved in the preparation of case files for prosecution and other sanctions including dealing with non-compliance relating to data submissions furnished by regulated entities to the Authority.
The Role of the Deputy Head of Compliance
The Deputy Head of Compliance reports to and supports the Head of Compliance. The responsibilities of managing the unit involve:
- managing and co-ordinating the Authority’s proactive supervisory work including audits, on and off-site inspections and face to face engagement with regulated entities;
- developing a revised supervisory and enforcement strategy for adoption by the Authority to give effect to an expanded regulatory framework that is prospective and risk-based;
- developing and advising on the Authority’s prospective and risk based supervisory approach, including the optimum use of regulatory data and the identification and roll out of new initiatives and activities to optimise available resources;
- enhancing regulatory structures and procedures involving appropriate regulatory data that will deliver active oversight of the management of pensions schemes;
- leading prospective and risk based targeted scheme engagement initiatives with an increased focus on analysing feedback from regulatory entities;
- developing a training programme to support the Compliance Unit in effectively implementing the Authority’s supervisory, intervention and enforcement powers;
- managing and co-ordinating the Authority’s reactive supervisory work, including responsibility for the conduct of investigations into suspected breaches of the Act and any binding codes;
- effective direct representation of the interests of the Authority as appropriate with external parties (professional advisers to schemes, PRSA providers, relevant Government Departments and Agencies ,EU institutions and committees, other regulatory bodies and representative organisations);
- co-ordinating, planning and scheduling the work of the Compliance Unit to ensure the smart allocation of available resources to deliver high quality outcomes;
- drafting and implementing an annual work-plan with detailed measurable targets and objectives for periodic reporting and performance management;
- participating as a member of the senior management team in the development and execution of the Authority’s strategy; and
- Aany other duties that may be assigned from time to time by the Head of Compliance or the Pensions Regulator.
Essential skills, knowledge and experience
Applicants must demonstrate:
- proven leadership skills that will contribute to the overall delivery of the Authority’s vision, mission and strategy;
- an ability to challenge and motivate regulated entities to achieve improvements in behaviours and standards and to assert the Authority’s position;
- experience in the areas of pensions and/or regulation and compliance;
- significant management experience at a senior level including leading teams, integrating change and managing and optimising resources;
- experience of developing and implementing strategies, managing and delivering projects and programmes of work;
- an ability to drive and manage change;
- an ability to build and manage collaborative relationships both internally and externally; and
- sound judgment and effective decision making.
Applicants should have:
- a high level of personal drive and resilience;
- excellent interpersonal and communication skills;
- excellent analytical capabilities and sound judgement;
- high levels of integrity and professionalism;
- the ability to inspire trust and confidence at all levels in the organisation;
- a commitment to continuous self-learning and development;
- a commitment to developing others within the organisation;
- a commitment to raising standards of compliance in the regulated community.
Although not essential, it is desirable that applicants have a recognised, relevant third level qualification/professional qualification in a relevant discipline supported by continued professional development.
Applications must be submitted by email and marked ‘Deputy Head of Compliance’. Failure to correctly mark the email subject header may result in a disqualification of entry.
Interested candidates must submit their full career details (curriculum vitae) and a cover letter demonstrating how they meet the requirements of this position - for further information and to apply please click APPLY.
Applications will strictly not be accepted after the closing time.