Oversight and Assurance Officer - Financial Crime Operations

Wealthtime; Bath; Hybrid; GBP 30,000 - 40,000; Full time

Job summary

A leading financial technology company seeks an Oversight and Assurance Officer to join their Financial Crime Operations Team. This role focuses on ensuring compliance with regulatory requirements by conducting KYC checks, monitoring process adherence, and supporting customer-centric decision-making. The position offers competitive compensation, a hybrid work model, and a commitment to employee wellbeing and professional growth.

Benefits

Competitive salary

Hybrid working model

Yearly discretionary bonus

Generous holiday package

Wellbeing day

Private medical scheme

Group contributory pension scheme

Interest-free season ticket loans

Opportunities for internal progression

Recognition scheme

Qualifications

• Interest in financial regulation and working knowledge of Consumer Duty.
• Ability to identify trends from complex data sets.
• Strong attention to detail.

Responsibilities

• Complete initial KYC & KYB checks on clients and advisers.
• Monitor compliance outcomes and identify potential risks.
• Conduct oversight reviews and quality assurance of outcomes.

Skills

Data analysis

Attention to detail

Tools

MS Excel

Job description

Oversight and Assurance Officer - Financial Crime Operations

Join to apply for the Oversight and Assurance Officer - Financial Crime Operations role at Wealthtime

Oversight and Assurance Officer - Financial Crime Operations

Join to apply for the Oversight and Assurance Officer - Financial Crime Operations role at Wealthtime

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About Us

At Wealthtime, we take pride in our role as a multi-award-winning financial technology company, known for our outstanding 5-star service platform. Our journey is guided by our shared values and behaviours: 'Seek Opportunity', 'Nurture Each Other' and 'Simply Get Going.'

About Us

At Wealthtime, we take pride in our role as a multi-award-winning financial technology company, known for our outstanding 5-star service platform. Our journey is guided by our shared values and behaviours: 'Seek Opportunity', 'Nurture Each Other' and 'Simply Get Going.'

With new ownership since 2021 and significant investments of over £17 million, Wealthtime is on an exciting path of growth. Our team, consisting of approximately 300 dedicated individuals, is at the heart of our journey, and we welcome you to join us as we continue to make our mark in the industry.

About The Role

This role sits within the Financial Crime Operations Team. The Oversight and Assurance Officer plays a crucial role in ensuring Wealthtime’s compliance with regulatory requirements by supporting Wealthtime’s first line of defence responsibilities. You will be instrumental in supporting the first-line function, helping to document and enforce compliance across the Business. The role involves acting as a key point of contact for ensuring that relevant regulations are adhered to.

This role will be on an initial 12 month fixed term basis.

Key Responsibilities

Regulatory Compliance and Investigations

• Complete initial KYC & KYB checks on clients and advisers.
• Verify the legitimacy of Business entities by researching ownership structures, beneficial owners, and associated individuals.
• Execute rectification duties as needed, ensuring prompt and accurate resolution of issues.
  
  

Process Monitoring and Analysis

• Monitoring outcomes provided to Clients, ensuring adherence to established processes and identifying any potential risks.
• Assess outcomes across the distribution chain, escalating any instances of poor performance or non- compliance.
• Evaluate the fairness of value provided to customers by all participants in the distribution chain.
  
  

MI Analysis and Reporting

• Analyse MI to monitor compliance with internal and regulatory requirements among Business partners.
• Conduct oversight reviews and quality assurance (QA) of outcomes delivered, ensuring consistency and high standards.
• Manage and deliver findings from assessments, including customer notifications where necessary.
  
  

Collaborations and Communication

• Serve pro-actively as a consumer advocate within the Business, ensuring customer-centric decision-making
• Serve pro-actively as a consumer advocate within the Business, ensuring customer-centric decision-making.
• Collaborate with compliance functions to maintain consistency in compliance messaging
• As this is a new role, additional responsibilities may be assigned as the role evolves and becomes increasingly established.
  
  

Given this is a new role you will be required to undertake other activities and that fall within your capabilities as directed by management. As the role develops and is embedded, additional responsibilities may be required.

About You

Specialist Skills, Qualifications and Experience:

• An interest in developing a career in financial regulation and working knowledge of Consumer Duty.
• Data analysis skills with the ability to identify trends and insights from complex data sets.
• Proficiency in MS Excel and other MS Tools
• Strong attention to detail with the ability to work independently and under pressure to meet tight deadlines.
  
  

Desirable

• Flexibility and strong prioritisation skills, allowing you to adapt to changing Business needs.
• Background in investments and/or DFMs, with involvement in oversight, onboarding or distributor-related activities.
  
  

Rewards & Benefits:

Competitive Compensation: We offer a competitive salary that reflects your skills and contributions.

Hybrid Working: Enjoy the flexibility of a hybrid work model, balancing the comforts of home with the camaraderie of the office.

Yearly Discretionary Bonus: Look forward to a yearly discretionary bonus as a token of appreciation for your dedication.

Generous Holiday Package: You'll receive 34 days of holiday per calendar year, including bank holidays. Plus, we offer the option to purchase or sell up to 5 additional days per year, tailoring your time off to suit your needs.

Wellbeing at Heart: We understand the importance of your well-being, which is why we offer a Wellbeing day, allowing you to take a break when you need it most, whether it's for your birthday, moving house, or simply pampering yourself.

Professional Growth: We're committed to your professional development and will support and encourage your career advancement.

Comprehensive Health: You and your family's health is a priority for us. We provide a Private Medical scheme that can be extended to full family coverage, an Income protection scheme, and a Life assurance scheme.

Financial Security: Prepare for your future with our Group contributory pension scheme.

Travel with Ease: We offer interest-free season ticket loans to help with travel costs.

Giving Back: You can participate in our Wealthtime Foundation Day to support charitable activities.

Opportunities for Growth: We actively promote internal progression, so your journey with us can take you from agent to team leader and beyond.

Recognition Matters: Our excellent in the moment recognition scheme ensures your hard work is acknowledged and celebrated.

Wealthtime is an equal opportunities employer that places high value on a diverse and inclusive workplace. We recognise that people work in different ways, appreciate alternative viewpoints, celebrate individuality, and cultivate a culture where everyone can be their authentic selves at work. We are deeply committed to fostering a diverse workforce and welcome applications from individuals of all backgrounds, beliefs, cultures, gender identities, ethnicities, sexual orientations, abilities, and long-term health conditions.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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