Terry Fergusson - MBA, Dip(Comp) MICA
Senior Compliance & Supervision Manager - Resolution Compliance Limited at Resolution Compliance Limited- Claim this Profile
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English Native or bilingual proficiency
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Bio
Mark Turner
Terry is a highly professional, knowledgeable risk analyst who works with the business to assist them in applying rules and regulations in a way that allows them to manage the business effectively. He is highly approachable and ensures he understands the requirements of the business and how it can operate within the required boundaries.
Andrew Murray
I have worked with Terry on numerous occasions and have always found his approach to be well balanced and sensible.
Mark Turner
Terry is a highly professional, knowledgeable risk analyst who works with the business to assist them in applying rules and regulations in a way that allows them to manage the business effectively. He is highly approachable and ensures he understands the requirements of the business and how it can operate within the required boundaries.
Andrew Murray
I have worked with Terry on numerous occasions and have always found his approach to be well balanced and sensible.
Mark Turner
Terry is a highly professional, knowledgeable risk analyst who works with the business to assist them in applying rules and regulations in a way that allows them to manage the business effectively. He is highly approachable and ensures he understands the requirements of the business and how it can operate within the required boundaries.
Andrew Murray
I have worked with Terry on numerous occasions and have always found his approach to be well balanced and sensible.
Mark Turner
Terry is a highly professional, knowledgeable risk analyst who works with the business to assist them in applying rules and regulations in a way that allows them to manage the business effectively. He is highly approachable and ensures he understands the requirements of the business and how it can operate within the required boundaries.
Andrew Murray
I have worked with Terry on numerous occasions and have always found his approach to be well balanced and sensible.
Credentials
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Diploma in Compliance Dip(Comp)
International Compliance TrainingAug, 2014- Sep, 2024 -
MLR101 Fit & Proper Test
HM Revenue & CustomsAug, 2013- Sep, 2024 -
Financial Planning Certificate CertPFS
Chartered Insurance InstituteJun, 2000- Sep, 2024 -
Master of Business Administration MBA
University of Edinburgh Business SchoolJun, 2000- Sep, 2024 -
Batchelor of Science - Combined Studies BSc. Ord.
Heriot-Watt UniversityNov, 1993- Sep, 2024 -
ICA Professional Membership
International Compliance AssociationFeb, 2023- Sep, 2024 -
ICA Professional Membership
International Compliance AssociationSep, 2022- Sep, 2024 -
ICA Professional Membership
International Compliance AssociationFeb, 2022- Sep, 2024
Experience
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Resolution Compliance Limited
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United Kingdom
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Financial Services
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1 - 100 Employee
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Senior Compliance & Supervision Manager - Resolution Compliance Limited
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Jul 2015 - Present
Thistle Initiatives are specialist consultants providing businesses operating in the financial services, insurance and energy sectors, the expert advice and support they need for all their FCA Regulatory Requirements. Resolution Compliance is one of leading providers of network solutions in the UK. Bringing years of industry experience, we provide total network solutions tailored to your offering. Our experience spans across Crowdfunding, Peer 2 Peer lending and investment management platforms We understand that the world of regulation evolves and so does our understanding of what this means for your business. Our team of experts offer hands-on and time efficient services which ensure our clients can successfully navigate and fulfil regulatory requirements whilst continuing to thrive as a business, providing ongoing support in an ever-changing landscape. As a Compliance & Supervision Manager my role involves: - Providing regulatory advice, support and guidance to a range of Appointed Representative firms operating in the insurance, consumer credit and lead generation sectors. - Undertaking regular regulatory supervisory audits of firms within my area of responsibility - Guiding firms through the FCA's direct application process - Assisting firms prepare for FCA visits
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Financial Conduct Authority
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United Kingdom
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Financial Services
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700 & Above Employee
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Associate (Fixed Term Contract)
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Jan 2015 - Jul 2015
Employed on a six month fixed term contract. Responsible for the supervision of a flexible portfolio of firms operating in the Consumer Credit Interim Permissions sector, with a particular focus on credit brokerage firms. Activities include: • Working with colleagues in Authorisations to provide background on firms’ suitability to become authorised. • Monitoring of firm’s business models to ensure fair treatment of customers is central to the corporate culture. • Prudential analysis of firms to ensure compliance with threshold conditions for authorisation are maintained and identify areas where financial stress could result in conduct that is potentially detrimental to consumers. • Working with firms to address conduct failings, using the full range of supervisory powers, up to and including referring the firm to the Enforcement Division.
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Aegon UK
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United Kingdom
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Financial Services
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1 - 100 Employee
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Lead Monitoring Associate (Fixed Term Contract)
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Sep 2014 - Dec 2014
Hired on a three month contract specifically to assist in the delivery of Aegon UK's 2014 Monitoring plan. Lead Reviewer - Customer Claims - Customer Complaints and Advisor Compensation Reviewer - Proposition Development Hired on a three month contract specifically to assist in the delivery of Aegon UK's 2014 Monitoring plan. Lead Reviewer - Customer Claims - Customer Complaints and Advisor Compensation Reviewer - Proposition Development
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Axcess Financial Europe Limited
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United Kingdom
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Consumer Services
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1 - 100 Employee
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Compliance Monitoring Manager
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Jun 2012 - Aug 2014
Responsible for all aspects of regulatory and legislative compliance involving the Office of Fair Trading, Consumer Finance Association, Financial Conduct Authority, HMRC and the Information Commissioner’s Office. Key responsibilities and skills: • Money Laundering Reporting Officer • Owner of corporate anti-money laundering, data protection, treating customers fairly, bribery and corruption policies. • Consumer Credit Licence, Money Laundering 2007 Regulations, Data Protection and Companies House registrations and renewals. • Liaison with regulatory bodies and advising senior management on the requirements and impact of regulatory change. • Managing and co-ordinating company response to the Office of Fair Trading’s 2013 Short Term lending review. • Managing compliance with the Consumer Finance Associations’ Lending Code for Small Cash Advances. • Managing the transition of regulation of consumer credit to the Financial Conduct Authority. • Advising and providing guidance to business on queries relating to all aspects of regulatory and legislative (including Local Authority licensing) compliance. • Preparation and submission of internal senior management anti-money laundering, regulatory breaches and customer complaints reports. • Preparation and submission of regulatory and statutory returns.
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Lloyds Banking Group
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United Kingdom
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Financial Services
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700 & Above Employee
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Risk Analyst
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Sep 2001 - Jan 2012
To assist in the management of a comprehensive support service for risk and where appropriate, the planning and administration of solutions, and influencing team members in order to enable the business to monitor and control risk. Key responsibilities: • Monitor designated business areas, ascertaining whether the business areas have identified their operational risks and regulatory risks and developed appropriate mitigators. • Undertake reviews of designated departments or processes as part of the overall monitoring programme. • Produce reports from monitoring reviews and ensure actions are followed through to resolution. • Monitor designated projects or new developments to ensure implementation includes appropriate mitigators for regulatory risks and operational risks. • Identify and report issues, ensuring that solutions compliant with regulations are implemented. • Contribute to departmental and divisional reports to required standards and timescales. • Actively develop and maintain relations with key customers, and deploy leading monitoring practices. • Provide guidance to designated business contacts, process owners and compliance co-ordinators to aid their understanding of the regulatory rules impacting on their process or department. • Keep colleagues aware of new developments that impact on their area of responsibility.
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Scottish Widows
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United Kingdom
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Financial Services
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700 & Above Employee
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IFA Sales Telephone Sales Consultant
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Jan 2000 - Sep 2001
Working closely with a team of Account Managers to maximise sales opportunities by proactively promoting Scottish Widows' products and services to a panel of Financial Intermediaries and responding promptly and professionally to requests for information from Financial Intermediaries; dealing with any issues, including complaints, which arise while providing the highest possible levels of service. Working closely with a team of Account Managers to maximise sales opportunities by proactively promoting Scottish Widows' products and services to a panel of Financial Intermediaries and responding promptly and professionally to requests for information from Financial Intermediaries; dealing with any issues, including complaints, which arise while providing the highest possible levels of service.
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Assistant Manager, Currys Edinburgh
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Dec 1995 - Nov 1999
Reporting to the branch manager, my primary role was to increase the overall branch profitability by driving sales whilst ensuring that customers received the highest standards of service. Reporting to the branch manager, my primary role was to increase the overall branch profitability by driving sales whilst ensuring that customers received the highest standards of service.
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Assistant Manager and Personnel Officer
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Jun 1993 - Dec 1995
On completing my first degree in 1993 I secured the position of Assistant Manager through Grand Metropolitan’s Graduate Management Recruitment Scheme. On completing my first degree in 1993 I secured the position of Assistant Manager through Grand Metropolitan’s Graduate Management Recruitment Scheme.
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Education
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2014 - 2014
Alliance Manchester Business School
ICT Diploma in Compliance, Compliance -
1996 - 2000
The University of Edinburgh
Master of Business Administration (M.B.A.), Business Management -
1988 - 1993
Heriot-Watt University
Bachelor's Degree, BSc.(Ord.) Combined Studies -
1986 - 1988
Golspie High School
High School, Scottish Certificate of Education Higher Grade -
1982 - 1986
Forres Academy
High School, Scottish Certificate of Education Ordinary Grade
Community
