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Retail Compliance Consultant - Reading

South East

South East
Accountancy, Legal, Retail
Working Pattern:
Full time
Date Posted:
Friday, 29th June 2012
Flexibility Offered:
Job Ref:
Prudential - Retail+Compliance+Consultant+-+Reading


Overall Job Purpose


To provide detailed knowledge and support to Retail in respect of  the application of regulatory and operational risk standards to ensure Retail operates within its agreed regulatory and operational risk appetite, both currently and, as the  business develops and evolves.




  • To maintain up to date knowledge on regulations ensuring Retail is compliant with new and existing regulations, spotting improvement needs and analysing where change is required within interpretations provided by the second line of defence.
  • To provide support regarding existing regulatory rules and relevant regulatory development and business standards to Retail and where  necessary consult with the second line of defence.
  • To develop the first line understanding and application of the principles and practices of compliance and operational risk management to ensure these are embedded within the RLP operations.
  • To promote the formulation and provision of effective and efficient support to appropriate staff within Retail when developing new initiatives
  • To create and develop strong relationships within Retail
  • To influence at Retail senior management and Exec level to ensure the right regulatory outcomes through ongoing and regular contact and strong relationships
  • To have a good understanding of the business needs by meeting regularly with staff in Retail  to ensure Retail meets its regulatory requirements effectively
  • To have a good understanding of our Regulators needs by meeting regularly with 2ndLine Risk to ensure Retail meets its regulatory requirements effectively
  • To challenge Retail in its approach to risk identification, quantification, mitigation and management
  • To work closely with Retail to decide where key regulatory issues might impact most to ensure full awareness
  • To promote and actively assist with the embedding regulatory compliance into Retail business practices
  • To input to the presentation of  reports, MI or other information to the Retail Executive, senior managers and committees.
  • To work as directed on projects, initiatives and incidents, in Retail as required
  • To provide education to promote a positive compliance culture and to ensure that Retail staff are kept up-to-date with regulatory matters
  • To promote a positive risk and control culture within Retail, balancing commercial considerations with regulatory ones
  • Compliance – To ensure that you understand and adhere to Prudential’s Code of Conduct and, where appropriate, comply with all relevant regulatory policies.  This includes completion of any mandatory training requirements.
  • To provide regulatory coaching, training or support to the Retail Compliance Consultants for their regulatory development as and where required
  • May be aligned to a specific business area within Retail, or may be required to work across Retail
  • Financial Controls – Ensure all expenditure commitments (orders, contracts, budgets etc) and all payments are properly authorised, controlled and monitored, in accordance with Prudential UK delegated authority requirements. The responsibilities of expenditure authorisers are documented in the Prudential UK Financial Procedures Manual.
  • To participate in the Performance Management Process ensuring that all personal process milestones and deliverables are met.
  • To demonstrate a positive risk, compliance and control culture through the identification, assessment, monitoring and management of risks and issues within the business area, alongside ensuring timely and appropriate resolution of control weaknesses, actions and failures that arise.


Key Interfaces




 Retails Leadership Team
 Senior Retail  managers
 UK Exec





Industry bodies such as the ABI 
Regulators as and when required
Competitor organisations and applicable forums 
UK Risk (second line of defence)

Group Risk as and when required
Group Compliance as and when required
GWIA as and when required


Competence / Knowledge / Skills required


  • Detailed understanding of regulatory and compliance environments
  • Knowledge of industry best practice
  • Understanding of the policy development and assurance process
  • Ability to analyse and interpret  rules and regulations and some  practical experience of applying such knowledge to provide solutions to business problems and issues.
  • A good knowledge of Prudential products, systems and distribution methods.
  • A good understanding of the business drivers for Pru UK
  • An excellent understanding of the regulated marketplace and the position of Prudential within that market.
  • A proficient influencer and negotiator.
  • Ability to liaise and negotiate internally and externally at all levels
  • Excellent written and oral communication skills
  • Ability to manage conflicting objectives
  • Credibility and confidence to challenge at all levels, escalating as required
  • Ability to provide hands on guidance, coaching and mentoring when required.
  • Good comprehension and analysis skills, along with an enquiring and persistent approach
  • Entry level professional qualifications
  • Full IT literacy, including Lotus Notes and Microsoft Office


Location - Craigforth, Reading or Paddington can be considered


Closing date - 20th July

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