Compliance Monitoring Officer

Independent Financial Advisers Limited; Manchester; On-site; GBP 45,000 - 65,000; Full time

Benefits offered by this job

Annual bonus

Holiday entitlement 25 days

Birthday day off

Life assurance 4x salary

Induction & training

Exam funding & paid study leave

Flexible benefits

Extra holiday days

Cycle to work

Volunteer days

Employee Assistance Programme

Internal mortgage service

Employee forum & diversity

Charity events

Job summary

Chase de Vere is seeking a Compliance Monitoring Officer to lead end-to-end reviews under a risk-based programme. The role involves researching regulations, testing controls and drafting measured actions to rectify issues identified, with ongoing tracking of progress and clear management information for stakeholders.

Candidates should understand FCA Handbook requirements, have strong report-writing skills and excel at coordinating with a diverse range of stakeholders.

Qualifications

• Understanding of regulations applicable to a financial services firm offering financial advice and discretionary management.
• Experience interpreting FCA Handbook requirements is desirable.
• Excellent drafting of concise and effective reports.

Responsibilities

• Support the Risk and Assurance Manager in drafting the annual compliance monitoring plan using a risk-based approach.
• Undertake end-to-end Compliance Monitoring reviews with research, testing and data analysis of systems and controls.
• Draft reports detailing findings, risks and recommendations for improvements.
• Track actions through to completion and report on progress.
• Produce Management Information to inform leadership within L&R teams.

Skills

Regulatory knowledge

Stakeholder engagement

Report writing

Attention to detail

Planning & organisation

Education

Relevant qualification in financial services regulation or compliance

Tools

Microsoft Excel

Job description

The Compliance Monitoring Officer is responsible for undertaking reviews in line with the risk-based Compliance Monitoring Programme, to ensure due compliance with the regulatory requirements. The role requires the holder to undertake these reviews from end-to-end; undertake research on the underlying regulations to ascertain the scope of the review, undertake thorough testing and data analysis to investigate whether Chase de Vere has sufficient systems and controls in place to mitigate the regulatory risk and compose considered and measured actions to rectify any issues identified.

What your role will involve

• Support the Risk and Assurance Manager in drafting the annual compliance monitoring plan, using a risk based approach.
• Undertake Compliance Monitoring reviews from end-to-end, including research on the underlying regulations to determine the scope of the review and thorough investigation and testing to establish whether Chase de Vere’s systems and controls are effective.
• Draft reports setting out key findings and risks, including recommendations for improvements. Ensure these reports are fit for purpose and appropriate for the relevant audience.
• Track actions recommended through to completion and regularly report on progress.
• Produce Management Information to keep the Risk and Assurance Manager and Head of Risk and Compliance appropriately informed of activities within the L&R teams.

What you will need

• Good understanding of regulations applicable to a financial services firm offering financial advice and discretionary management services.
• A relevant qualification in financial services regulation or compliance; however, this may not be necessary if knowledge has been obtained through experience.
• Industry experience in a relevant role in an FCA authorised financial services firm
• Working within a multifaceted team and with a range of stakeholders
• Experience of interpreting the requirements of the FCA Handbook
• Drafting concise and effective reports
• Excellent accuracy skills and attention to detail
• Excellent planning and organisational skills
• Fully proficient on Microsoft office, in particular Excel

What’s in it for you?

• Opportunity to earn an annual bonus
• 25 days holiday, plus bank holidays
• A day off for your birthday
• Life assurance – 4 x salary
• Comprehensive induction and training programme
• Funded exams and paid study leave
• A wide range of voluntary flexible benefits to suit your individual needs
• The option to buy additional holiday days
• Cycle to work Scheme
• Two paid volunteering days each year, to support your local community
• Employee Assistance Programme with access to a 24/7 helpline
• Access to our free mortgage service, through our internal mortgage team
• Our Employee Forum and Diversity & Inclusion group
• Local and companywide events in support of our company charities