Compliance Analyst

LGPS Central; Wolverhampton; Hybrid; GBP 30,000 - 45,000; Full time

Job summary

An asset management company in Wolverhampton seeks a Compliance Analyst to enhance its compliance framework. The role involves maintaining compliance registers, managing tasks for the compliance team, and supporting compliance policies and training. Candidates should have an interest in asset management and UK regulations. The position offers competitive salary and benefits in a hybrid working environment.

Benefits

Competitive salary

Enhanced Pension Scheme

30 days' paid holiday plus bank holidays

2 days paid volunteering days

Learning & Development Opportunities

Vitality Private Medical Insurance

Hybrid Working

Cycle to Work Scheme

Qualifications

• Interest in asset management and the UK regulatory environment.
• Understanding of UK law and FCA regulation.
• Active participant in professional development.

Responsibilities

• Maintain compliance registers and manage compliance inboxes.
• Support execution of Compliance Monitoring Programme.
• Advise staff on compliance policies.
• Support AML checks on clients and due diligence.

Skills

Excellent communication skills

Strong problem solving skills

Excellent writing and presentation skills

Detail oriented

Strong interpersonal skills

Interest in compliance and regulation

Education

Relevant compliance qualification and/or degree

Job description

Overview

Join LGPS Central at a pivotal moment—where investment meets long term impact. We are looking for a proactive and motivated Compliance Analyst to join our Legal, Compliance & Risk team. Reporting to the Compliance Manager, you will play a key role in ensuring the effective operation of our compliance framework and supporting the business in meeting regulatory obligations. This role offers an opportunity to develop a career in compliance within a £45bn pension pool, contributing to the highest standards of oversight and assurance as our fund range continues to grow.

Responsibilities

• Maintain the compliance registers, including breaches, gifts and entertainment, and personal account dealing.
• Manage the compliance inboxes and allocate tasks/queries to the compliance team as appropriate.
• Manage the allocation and database of online compliance training for new and existing staff.
• Advise staff on compliance policies and their responsibilities in relation to them.
• Support the execution of the Compliance Monitoring Programme, including the maintenance of accurate records.
• Support the daily review of investment guideline monitoring in Bloomberg and associated record keeping.
• Support the development and embedding of a strong compliance culture.
• Support the compliance team to maintain and update policies and procedures to comply with evolving legal and regulatory standards.
• Support the preparation of compliance decks and materials that will be submitted to the LGPS Central Board and its underlying governance Committees. This will include preparing compliance MI and stats.
• Support horizon scanning activities and the review of regulations and legislation that impact LGPS Central.
• Support the preparation of compliance reviews by regulators, clients, and other third parties, including follow up actions.
• Support with conducting AML checks on clients as well as counterparty due diligence, including their ongoing review.

About Us

LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for eight local authority pension funds across the Midlands. LGPSC is jointly owned on an equal shares basis by those Partner Funds and is responsible for managing £45bn+ of their assets. It is one of eight Local Government Pension Scheme (LGPS) asset pools in the UK.

• Cheshire Pension Fund
• Derbyshire Pension Fund
• Leicestershire Pension Fund
• Nottinghamshire Pension Fund
• Shropshire Pension Fund
• Staffordshire Pension Fund
• West Midlands Pension Fund
• Worcestershire Pension Fund

The Company is committed to responsible investment and has made responsible investment a core part of the investment process in every asset class. LGPS Central offers a friendly and diverse, hybrid working environment with a range of employee benefits. The Company moved to new premises at i9, Wolverhampton Interchange in January 2022, close to local transport links. Our objective is to be a leading investment management company working with and for our Partner Funds. With a focus on value for money and performance we aspire to be one of the best because this is how we will deliver the superior investment returns and low costs for our Partner Funds.

Requirements

Experience

• Previous compliance experience is desirable but not essential. However, you must have an interest in asset management and the UK regulatory environment.
• Relevant experience in a professional services environment is desirable.

Knowledge

• Understanding of how UK law and FCA regulation impacts the operation of regulated companies (e.g., UK legislation and the FCA handbook).
• An interest in learning about and applying FCA rules in an asset management company.

Competencies

• Excellent communication skills. Able to translate complex and technical matters into clear and relevant guidance.
• Strong problem solving skills with a pragmatic approach to resolving issues.
• Excellent writing and presentation skills.
• Detail oriented with strong organizational skills to manage competing priorities.
• Strong interpersonal skills and ability to build effective relationships at all levels internally and externally.
• Active participant in professional development with an interest in learning about compliance, regulation, and investment services.

Qualifications

• Relevant compliance experience/qualification and/or degree is desirable but not essential.

What do we offer?

We are proud to provide our people with a premium and exclusive benefits package and we are continually improving the rewards we offer. Here are a few of the valuable rewards that you will enjoy:

• Competitive salary
• An enhanced and generous Pension Scheme
• 30 days' paid holiday plus bank holidays
• 2 days paid volunteering days
• An extra paid Company Day in addition to paid holidays
• Excellent Learning & Development Opportunities
• Welfare and Family friendly policies
• Enhanced pay for new parents
• Access to our Employee Assistance Programme 247 Health & Wellbeing Support
• Vitality Private Medical Insurance
• Hybrid Working
• Company Service Awards
• Cycle to Work Scheme
• Company Electric Vehicle Scheme
• Nominees of the Family Friendly Employer of the Year 2022 Personnel Today Awards 2022
• Winner of the Cultural Awareness Initiative of the Year FT Advisors Diversity in Finance Awards 2023
• Winner of Diversity and Inclusion Award LAPF In Investments Award 2023