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Title:  Regulatory and Compliance Lead (CASS Specialist)

Requisition ID:  62257
City:  London, Heathrow
Country/Region:  GB

Introduction:

 

Servaada, a Wipro company is looking for Regulatory and Compliance Lead (CASS Specialist) with strong CASS background and experience including client money & assets, CASS RP and CMAR. As the first point of contact for our clients and beneficiaries, you will play a crucial role in providing exceptional service to our client. 

This role involves working from our London office, home, and occasionally traveling to client sites.

 

About Servaada, a Wipro company: 

 

 

Servaada is a separate legal entity, authorised by the FCA and has been set up by Wipro to provide regulated outsourcing services within the Financial Services industry. Our client is a leading provider for pension schemes and Servaada will be providing business and technology process outsourcing services. 

 

 

Your Benefits:

 

As a Regulatory and Compliance Lead (CASS Specialist), you will receive a competitive salary, a generous benefits package and training & development in areas to help you improve.

 

Role Summary:

 

 

As a Regulatory and Compliance Lead with CASS specialism at Servaada, you will play a pivotal role in providing comprehensive second line compliance support to the organisation. You will serve as a strategic partner to business leaders, aligning regulatory and compliance initiatives (including the Consumer Duty) with business objectives, while also handling generalist responsibilities. This role requires a versatile compliance professional with expertise in regulatory compliance, a strategic mindset, and the ability to build effective relationships.

Joining Servaada as a Regulatory and Compliance Lead with CASS specialism offers an exciting opportunity to contribute to both strategic compliance initiatives and day-to-day compliance advisory / operations. You will play a vital role in managing and overseeing compliance matters, providing guidance to business leaders, and fostering a positive work environment. Your expertise in Compliance, combined with your strategic mindset, will enable you to drive meaningful change and support the overall success of the organisation

 

 Key Responsibilities/Accountabilities:

 

 

  • Develop and maintain a comprehensive understanding of all relevant laws, regulations, and internal policies that apply to Wipro Financial Outsourcing Services Ltd and its client
  • Provide CASS advice and steering as required
  • Provide guidance and support to business units on compliance matters
  • Conduct compliance themed advisory reviews based on risk assessments and develop strategies to mitigate identified risks
  • Develop and implement compliance training programs to educate employees on relevant laws, regulations, and internal policies
  • Monitor and assess the effectiveness of compliance training programs and make recommendations for improvements
  • Collaborate with internal stakeholders, such as quality assurance, risk management and internal audit, to ensure a coordinated approach to compliance
  • Investigate and respond to compliance-related complaints and inquiries from regulators, clients, and employees
  • Support the SMCR regime by closely working with Compliance Operations who submit FCA Connect forms and Directory Persons as required
  • Support the ongoing regulatory and change initiatives by acting as the FCA compliance expert
  • Prepare and submit regulatory reports and filings as required
  • Keeping management informed of significant compliance issues and developments.
  • Assisting in the analysis and production of Compliance Governance reporting
  • Assisting in the identification and assessment of emerging risk including those arising from changes to regulatory obligations
  • Participating in industry forums and staying informed about emerging compliance trends and best practices
  • Create and comment on compliance MI that feeds into the Compliance Officer’s Board Reports Management of any Compliance support staf

 

Required Skills:

 

The role holder will have a proven track record in establishing credible relationships with leadership teams and in managing complex compliance issues. They will have successfully operated in a complex environment and be driven to play a key role in regulatory compliance

 

  • Certified professional in compliance or risk management
  • Strong CASS background and experience, including client money and assets, CASS RP and CMAR
  • Robust experience in financial services in a second line back-office compliance role.
  • Working knowledge of and experiencing in using the FCA Handbook
  • Excellent analytical and problem-solving skills, with the ability to identify and mitigate compliance risks
  • Strong communication and interpersonal skills, with the ability to effectively communicate complex compliance issues to non-compliance professionals
  • Ability to work independently and as part of a team, and collaboratively in a fast-paced, deadline-driven environment
  • Strong attention to detail and organizational skills.
  • Ability to draft Compliance Oversight reports and other management reports to support the Compliance Oversight Officer
  • Ability to create and deliver specific compliance training on a face-to-face basis for employees to enable compliance to be embedded in the business
  • Ability to analyse the FCA returns from across the business to ensure they are comparative with previous returns
  • Self-motivator
  • Strong IT skills (Particularly Excel and other MS office applications

 

Desirable Skills:

 

  • Experience with compliance monitoring tools and software
  • Strong problem-solving skills and the ability to make sound decisions under pressure
  • Knowledge of insurance industry practices and procedures

 

 

 

Equal Opportunities:

Servaada is an advocate for positive change and conscious inclusion. As a global employer, we strive to create a diverse Wipro family by remaining committed to the development of our culture, diversity, equality, and inclusion in the workplace. All applicants welcome.

If you encounter any suspicious mail, advertisements, or persons who offer jobs at Wipro, please email us at helpdesk.recruitment@wipro.com. Do not email your resume to this ID as it is not monitored for resumes and career applications.

Any complaints or concerns regarding unethical/unfair hiring practices should be directed to our Ombuds Group at ombuds.person@wipro.com.

We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, caste, creed, religion, gender, marital status, age, ethnic and national origin, gender identity, gender expression, sexual orientation, political orientation, disability status, protected veteran status, or any other characteristic protected by law.

Wipro is committed to creating an accessible, supportive, and inclusive workplace. Reasonable accommodation will be provided to all applicants including persons with disabilities, throughout the recruitment and selection process. Accommodations must be communicated in advance of the application, where possible, and will be reviewed on an individual basis. Wipro provides equal opportunities to all and values diversity.

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