Financial Monitoring Assessor

The Openwork Partnership; Swindon; Hybrid; GBP 34,000 - 44,000; Full time

Job summary

Join a dynamic and fast-paced financial organization as a Financial Monitoring Assessor based in Swindon. In this hybrid role, you will assess the financial health of Appointed Representatives, ensuring compliance and quality standards. With a competitive salary range and an inclusive culture, this opportunity is perfect for motivated professionals looking to make a tangible impact.

Benefits

Bonus scheme - on target bonus - 7.5%

Pension scheme - contribute up to 5% of your salary, with matching

Critical illness cover

Income protection - 1x salary

Death in service - 4x salary

25 days holiday + bank holidays, with the option to buy up to 10 extra days

Flexible benefits including private medical and dental insurance

Qualifications

• Experience in a financial services organization is required.
• Understanding of FCA guidance and Anti Money Laundering applications is advantageous.
• Strong judgment and decision-making skills are essential.

Responsibilities

• Assessing solvency and propriety of Appointed Representatives.
• Ensuring accuracy of financial monitoring data.
• Building relationships with Appointed Representatives.

Skills

Evidence of financial monitoring

Attention to detail

Analytical skills

Relationship building

Investigative skills

Education

Level 4 Diploma qualification

Level 1 Accountancy qualification

Job description

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The opportunity

As a Financial Monitoring Assessor, you'll be responsible for assessing the solvency, fitness, and propriety of all Appointed Representatives by investigating their financial soundness. You should be competent in understanding and interpreting financial monitoring risks, analyzing and assessing these risks, and making sound judgments. This is a hybrid position based in our Swindon office, requiring 2 days per week in the office.

Benefits:

• Salary - £34,000 - £44,000
• Bonus scheme - on target bonus - 7.5%
• Pension scheme - contribute up to 5% of your salary, with Openwork matching an additional 5%
• Critical illness cover
• Income protection - 1x salary
• Death in service - 4x salary
• 25 days holiday + bank holidays, with the option to buy up to an additional 10 days
• A range of other flexible benefits including private medical and dental insurance

Key Accountabilities:

• Checking Financial Monitoring data in accordance with AR Financial Monitoring policy, ensuring accuracy and quality standards.
• Proactively identifying trends and suggesting improvements.
• Identifying errors and escalating risks.
• Building relationships with Appointed Representatives, providing advice and guidance as needed.

What will you need to succeed?

• Experience in a financial services organization, preferably within an AR network.
• Experience with Financial Crime & ALM investigations.
• Experience assessing financial solvency of Sole Traders, Partnerships, and Limited companies.
• Level 4 / Diploma qualification is advantageous.
• Level 1 Accountancy qualification is desirable.
• Understanding of FCA guidance.
• Moderate investigative skills and knowledge of investigative techniques.
• Knowledge of ‘treating customers fairly’ principles.
• Understanding of business structures, goals, and plans.
• Awareness of data protection legislation.
• Knowledge of Anti Money Laundering applications.
• Keen attention to detail and analytical skills.
• Sound judgment and decision-making skills.
• Strong relationship and interpersonal skills.
• Logical, methodical approach and ability to work under pressure.
• Ability to prioritize, organize, and analyze complex financial data to assess AR firms’ financial health and risks.
• Ability to develop high-quality, timely oversight reports, identifying root causes, themes, and trends.

Why us?

We are a dynamic, fast-paced, growing business with ambitious goals. Our success is driven by our talented colleagues. We invest in their development and are committed to an inclusive culture that values individuality and diversity. Recognized as one of the Best 100 Large Companies to work for in 2022, we foster a caring environment where you can balance work and personal commitments. At Openwork, your race, religion, disability, or gender will never be barriers. We believe everyone can make a difference.