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Compliance Officer

£35,000 - £40,000 per annum
  • Oliver James...
  • Contract
  • London
  • 11/03/2021

Compliance Monitoring Officer
£35,000 - £40,000 per annum

An opportunity has arisen for a Remote Compliance Monitoring Officer to join one of our clients. The team operate independently and are responsible for monitoring and assessing the adequacy and effectiveness of the regulatory and conduct Risk Management practice, policies, risk culture and risk methodologies.

The Compliance Monitoring Officer will:

* Assist in completing, updating and reporting on the Compliance Monitoring Programme.
* Plan and conduct risk-based thematic reviews within the first line of defence to assess whether effective controls are in place for the company to meet its regulatory obligations through adherence to its policies, procedures and processes
* Oversee the implementation of appropriate remedial measures to agreed timescales, where deficiencies have been identified.
* Assist in the updating of the Compliance Risk Assessment with output from the Compliance Monitoring plan
* To create and record for each individual thematic review the Terms of Reference, Testing Schedules, Factual Accuracy Documents, Draft and Final Reports, Action Plan Closure
* Deliver allocated Compliance Monitoring activity on a quarterly basis in adherence to the Compliance Monitoring Methodology
* Prepare draft and final reports for discussion with the Compliance Monitoring Manager and the Head of Compliance if necessary
* Promptly escalate any emerging issues to the Compliance Monitoring Manager and where necessary to liaise on all highly rated issues with the Compliance Policy & Advisory Manager, Financial Crime Manager, Head of Enterprise Risk, Head of Compliance and Chief Risk officer.
* To record on the Lookers regulatory breaches register and monitor the closure of remedial action plans by the business issues identified from the Compliance Monitoring Plan.
* To assist in the production of regular Compliance monitoring management information for all governance fora up to the Board so they can identify, measure, manage and control these risks, covering progress and outcomes of the CMP

Knowledge & Experience

* A strong academic record, professional qualifications also preferred
* Understanding of FCA/ CBI/ CCPC regulatory requirements and regulatory culture
* Good understanding of consumer credit / insurance mediation activities
* Ability to deliver compliance monitoring activity and a thorough understanding of relevant regulatory requirements
* Ability to communicate clearly and concisely on complex regulatory compliance issues at all levels, both internally and externally
* Display initiative in identifying and presenting solutions to support activities and plans
* Forward looking and focused on effective processes and increasing efficiency
* Proven management, coaching and development skills
* Understanding of governance and control frameworks

We recognise the hard work, flexibility and commitment of our people so we offer an industry leading benefits package. This includes..

* Market leading employee benefits
* Competitive basic salaries
* Enhanced holidays that increase with service,
* Eligibility to join one of our car schemes,
* Critical illness cover after 2 years,
* Enhanced paid maternity leave for women and for some roles a company car and additional earning potential through commission or bonus.

Oliver James Associates

Oliver James Associates was established to provide a fully comprehensive search & selection recruitment process to the financial services sector on a permanent and contract/interim basis. We can proudly say that we are one of the few genuine market leaders within these niche markets and pride our...

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