Senior Compliance Business Partner

Description

The Group Compliance Function aim is to proactively support Willis Towers Watson to generate sustainable value, helping the company to deliver good client outcomes, manage its conduct, protect against regulatory risk, and to maintain strong regulatory relationships. We aim to be a trusted partner to the business.

We lead the management and co-ordination of Willis Towers Watson Group Compliance policies and procedures, identifying applicable regulatory requirements and implementing relevant processes to enable standards to be met. We also provide guidance and training. The Compliance team leads the management and co-ordination of the requirements of our global Regulators.

The Role:

Reporting to the Willis Limited Chief Compliance Officer, and a key member of the Willis Limited Compliance Leadership Team, the Senior Compliance Officer will be responsible for ensuring the operation of an efficient and effective second line function. The Senior Compliance Business Partner will be a Certified role under the Senior Managers & Certification Regime.

Key responsibilities include:

1. Lead, manage and develop an effective team of skilled Compliance business partners;

• Direct line management responsibility for up to five Compliance Business Partners and / or Assistant Compliance Business Partners specifically, in relation to;

• Operation and delivery of an annual compliance plan, derived from the Willis Limited Compliance Plan, as it relates to Business Partnering to evidence the delivery of the WL Compliance Plan within the supported businesses, reporting on progress to the WL Chief Compliance Officer.

• Development of direct reports and the wider team, identification of training and personal development needs, working closely with team members to address these and setting objectives to support this process.

• Senior point of escalation and contact for both direct reports and the business, where there may be regulatory issues occurring within the business.

• To ensure quality and proactive engagement with the business, at all levels, by all members of the team.

• Management of the team in delivering its responsibilities and objectives, including;

• Identifying and assessing compliance risks within the business. Discussing promptly with the LoB management team where any compliance or regulatory issues arise;

• Providing technical regulatory advice and support to the business in understanding its responsibilities and obligations under relevant WTW policies and regulatory requirements.

• Identifying compliance training needs in the business and develop training plans for the year, co-ordinate effective Compliance training both via online training and developing specific training materials to the business.

• Analysing management information produced by the business, Compliance Monitoring reports and internal /external audit reports, discussing key findings with the business.

2. Support the WL Chief Compliance Officer in leading the WL Compliance Team to embed the Compliance Framework within the Willis Limited business and management of key internal and external stakeholders

• Assist with and provide input into, the co-ordination and implementation of the Willis Limited Compliance Framework.

• Attend senior business meetings, providing meaningful updates and management information, to support the business in meeting its’ regulatory obligations.

• Attend and represent the compliance function at key governance forums relating to business as usual and project activity

• Proactively develop and maintain an effective relationship with the CEOs and COOs of businesses supported by the team, to foster a collaborative approach to embedding a strong culture of compliance within the business.

• Liaise with Senior Management as appropriate to provide strategic advice regarding the appropriate control environment for each business.
• Using commercial understanding to inform views, assist in providing independent influence, challenge and advice to business plans and key change initiatives, so that they are appropriately managed, taking into account regulatory requirements.

• Provide regular updates on compliance metrics and commentary to the relevant business…