Compliance Monitoring Manager

Job Type:
Job Sector:
£88,000 to £92,000 per annum
Salary Description:
plus Bonus 20%
Legal Works
Job Ref:




A new opportunity has arisen for a talented experienced financial services / regulatory Compliance Monitoring Manager to work within / alongside Compliance and Legal in the Central London Office.

The Company is building on the existing Compliance function and in particular the role will support the organisation by managing the operation of the Compliance Monitoring Programme including delivery of the annual risk-based Compliance Monitoring Plan, and providing leadership of the Compliance Monitoring Officers.

The COMPANY is a leading finance Group covering financial services, insurance funds and asset management.

The COMPANY has grown very rapidly, particularly recently. In part, success has been due to the service provided and the excellent working culture that is encouraged.

The TEAM aims to offer the best customer service in the industry. The TEAM is proud of this culture because it encourages clear thinking, imagination, communication and maturity. They actively discourage office politics and bureaucracy.

The TEAM is looking for open-minded, intelligent people to join them and help maintain a reputation for outstanding service.

Key aspects of responsibility include:

• Leading and maintaining an effective Compliance Monitoring team so that it has sufficient expertise, resources and a programme of activities appropriate for the Group's business;

• Leading independent second-line risk-based monitoring, risk assessments, and ad-hoc reviews of procedures, business and compliance processes to identify and escalate potential gaps in adherence to applicable laws, regulations, regulatory guidance and policy;

• Reviewing, refreshing and delivering the annual risk-based Compliance Monitoring Plan including completing risk assessments to help identify key areas for review;

• Engage pro-actively with business stakeholders to influence timely and effective and proportionate remedial action in response to the outcome of monitoring activity;

• Provide relevant, accurate and timely MI in a format which is clear and engaging, in particular by overseeing the preparation of the monthly Compliance Monitoring report

• Maintain an effective relationship and work collaboratively with the Internal Audit Team which includes joint planning and managing overlaps

To be successful YOU will have:-
• In-depth practical knowledge and understanding of monitoring, testing or audit methodology;

• A strong knowledge of risk-assessment methodology;

• A good knowledge of and ability to apply, FCA and PRA rules and guidance particularly those relating to COBS, SYSC, TCF & Conduct Risk, TC, COCON, PROD and CASS;

• A good knowledge of investment instruments, investment services, retail financial products and tax wrappers (pensions, ISAs);

• Practical knowledge and understanding of the UK and Isle of Man regulatory environment as it relates to the Financial Services Industry.

And there will be particular interest if you have:-
• A Compliance Diploma or equivalent financial services qualification;

• An in-depth practical knowledge and understanding of, and the ability to apply relevant other FCA and PRA rules and guidance including DISP, SUP, IFPRU and the PRA’s insurance rules for Solvency II firms;

• A practical knowledge and understanding of the Isle of Man regulatory environment as it relates to insurers.

An outstanding opportunity to join a friendly collegiate corporation and team with a long-standing reputation for mentoring and supporting staff with first-class retention stats and to deal with first-class and quality work.

Salary will be circa �90,000, as well as private medical insurance, pension contribution and life assurance. In addition, there is an annual discretionary bonus (at circa 20% paid three times a year) & the company encourages and supports further study.

If you would like to speak to our retained Consultant Andrew Nelson about this position or have a discussion about other positions or the market in general in total confidence, please call us on the listed numbers and / or emails.

#compliancejobs #financialservicesjobs #regulatoryjobs #compliancemanagerjobs #financialservices #FCA #PRA #riskassessment

Legal Works is acting as a Recruitment Agency in respect of this vacancy

Contact Details:
Legal Works
Tel: 0845 05 6060
Contact: Andrew Nelson

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