Summary

Scope Ratings UK is looking for a motivated and highly professional Executive Director of Compliance to lead our UK Credit Rating Compliance Team. The Executive Director will be responsible for all UK regulatory and compliance matters and will report to both the Head of Compliance (in Germany) and the UK Board. The main responsibility is to manage day-to-day second-level controls and ensure that regulatory reporting obligations to the UK Financial Conduct Authority (FCA) are met, as well as maintain ongoing productive relationships with other relevant regulatory bodies.  Assist the team in Germany with the drafting of group policies, procedures and codes.  

Duties & responsibilities

• Lead all UK regulatory initiatives, compliance exams, requests for information (RFI), and other responses to the FCA. 
• Support, coordinate and manage the relationship with the FCA and other external authorities supervising credit rating agencies. 
• Identify, assess, manage and monitor key compliance risks and regulatory requirements that could impact the independence and integrity of the credit rating process.
• Support an integrated compliance strategy and contribute to the implementation of an efficient internal control framework and processes.
• Foster and maintain good governance and coordinate with relevant stakeholders the development and updating of compliance policies and procedures.
• Oversee the statutory and/or ad hoc delivery of regulatory reporting to the supervisory authorities.
• Manage regulatory projects in close coordination with the Head of Compliance.
• Oversee, coordinate, and handle day-to-day Compliance tasks, such as advisory services to the business, compliance monitoring, investigations, and remediations of regulatory and/or audit findings.
• Develop and conduct regular compliance workshops and training for employees.
• Provide regular updates to senior management and keep them apprised of Compliance risks and their mitigation.
• Support in the management of the relationship with the independent non-executive directors (INEDs) of the administration board.
• Liaise with the analytical teams, the internal review function and credit policy function on relevant Compliance matters.
• Analyse external outsourcing arrangements and policy frameworks.
• Assist the Compliance team in Germany with policy drafting and regulatory responses, as needed. 

Professional & personal qualifications

• At least 10 years of experience as a hands-on compliance professional in a UK, European or international financial services company.
• Experience dealing with regulators; managing exams, on-site inspections, and responses to RFIs.
• Master’s degree in law, corporate governance or an equivalent degree, e.g. MBA.
• Deep understanding of the regulatory environment in which financial services companies operate and the ability to work in a highly regulated sector.
• Experience in dealing with ESMA or national supervisory authorities would be a plus.
• Experience in managing compliance topics and projects across borders.
• Versatile in a business environment that comprises multiple jurisdictions.
• Experience in drafting policies, procedures and regulatory documents.
• Independent, determined, and focused work style.
• Quick perception, critical judgment, confidence, and strong analytical abilities.
• Stress-resilient with the ability to work against tight deadlines.
• Strong social and excellent communication skills.
  Dynamic personality with a strong aptitude for teamwork.
• Ability to work in a multicultural environment.
• Accountable and reliable person of the highest integrity.
• Willingness to take responsibility with an entrepreneurial attitude.
• Fluent oral and written English language skills. Knowledge of German would be a plus.
• Legal right to live and work in the United Kingdom, with corporate support.