Compliance & Monitoring Officer

Signet Recruitment & Retention; Bracknell; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A financial services client is looking for an experienced Compliance professional to ensure regulatory compliance while providing expert advice on various compliance matters. This role involves supporting the Compliance Manager, conducting monitoring activities, and ensuring accurate records of compliance incidents. Suitable candidates will have detailed knowledge of FCA Handbooks and prior experience in a compliance or risk department. The position is hybrid, allowing work flexibility.

Qualifications

• Detailed knowledge of FCA Handbooks like CONC, DISP, PRIN.
• Experience in compliance/risk in FCA regulated firms.
• Understanding of AML and Data Protection legislation.
• Ability to analyze regulations into usable policies and processes.

Responsibilities

• Support Compliance Manager in legal compliance.
• Provide regulatory advice on various compliance topics.
• Conduct monitoring and testing activities.
• Produce reports on compliance outcomes and action plans.
• Log breaches and incidents, maintaining accurate records.
• Conduct root cause analysis for continual improvement.
• Assist in compiling compliance Management Information.

Skills

Technical knowledge of FCA Handbooks

Ability to translate regulations

Drafting high-quality documents/reports

Job description

Overview

Are you a Compliance professional, with experience working within a compliance and/or risk department of a FCA regulated company?

Our financial services client is seeking an experienced compliance professional to join the team near Reading, on a hybrid basis. The compliance team sit within the second line of defence, responsible for monitoring, providing compliance support and advice to the business on a wide range of compliance matters including regulatory and conduct risks, to ensure ongoing compliance with the regulatory framework.

The role is inside IR35 and £400 per day via an umbrella company - hybrid working model - excellent working environment!

Main Responsibilities

• Supporting the Compliance Manager in ensuring that our client meets its legal and regulatory obligations.
• Providing expert regulatory advice and guidance to the business on a range of compliance topics including Consumer Duty, credit broking requirements within the Consumer Credit Sourcebook (CONC), and Data Protection.
• Undertaking monitoring and testing activities in accordance with the annual compliance monitoring plan, to assess the effectiveness of regulatory and conduct risk control processes in place, the level of compliance with regulatory and internal standards, and transactional monitoring of key operational areas such as complaints and Data Subject Access Requests.
• Producing written reports of monitoring outcomes, review findings and action plans.
• Reviewing and supporting the business to log breaches and incidents, ensuring accurate records are maintained to evidence closure of remedial actions taken.
• Conducting root cause analysis on complaints, breaches, and incidents data to identify themes and emerging risks that inform continual improvement of policies, processes, and procedures and delivery of good customer outcomes.
• Assisting with the collation of risk and compliance Management Information (MI) for reporting to senior management, Committee(s) and/or Board meetings. Conducting annual thematic reviews of operational end-to-end processes and providing a final report to the relevant business area.

Candidate requirements

• Detailed technical knowledge and FCA Handbooks including CONC, DISP, PRIN and SYSC, legislative frameworks such as AML and Data Protection, and understanding of industry best practice standards.
• Previous experience working within a compliance and/or risk department of a FCA regulated company
• Practical understanding and experience of the FCA’s expectations in relation to customer outcomes and treatment of vulnerable customers
• Ability to analyse and translate regulations into policies, processes, and procedures.
• Ability to draft documents/reports to a high standard

If this sounds like you, or someone you know then apply now!