Telephone: 020 8421 4242                      

Compliance Assistant

Location St Albans, United Kingdom
Date Posted February 29, 2016
Category Management
Job Type Full-time
Salary £25,000 – £30,000


Our client is a growing, successful company, providing 3rd party operational services to the finance and insurance sectors. They are now looking to recruit a Compliance Assistant to provide professional compliance service to the Company and its clients and maintain effective regulatory controls within the firm. Competencies required upon recruitment

  • Experience - minimum 1- 2 years’ experience within the financial services industry
  • Operational Excellence – works to a high standard and continuously seeks opportunities to enhance personal performance, process/systems/service improvements within role
  • People – demonstrates integrity, respect, teaming, leadership and management of handling of all departmental work
  • Commitment – displays willingness, enthusiasm and flexibility to task completion.
  • Quality – pays attention to detail, completes tasks in a timely manner and consistently produces quality outputs
  • Risk – adverse to risk taking and understands the risks applying to the firm to avoid undue to risk to the business
  • Security Awareness – understands basic principles of DPA and other forms of protection of data or assets within an organisation

Minimum Qualifications required upon recruitment:

  • Educated to degree level or equivalent

Principal Job Objectives

  • Assist with the monitoring plan as directed by the Compliance & Risk Manager in order to analyse the company’s compliance with regulatory requirements including FCA (e.g. COBS, SYSC, TC), data protection, information security, anti-fraud and business continuity requirements
  • Investigate and assist in the management of complaints including drafting final decision letters
  • Demonstrate a commitment to the TCF (treating customers fairly) culture, ensuring fair outcomes for consumers
  • Ability to assimilate Management Information and communicate effectively
  • Assist with the review of all Company policy and procedure documents
  • Maintain the Company and its clients’ breach registers
  • Assist the Compliance & Risk Manager in the delivery of internal audit and risk assessment work on behalf of the Company and its third party clients
  • Undertake weekly PEP and Sanctions checking to satisfy the regulatory requirements of both the Company and its clients
  • General assistance on other compliance and regulatory matters (such as checks of clients’ identity, assessing the CBT modules)
  • Support and work in accordance with the Company’s ISO27001and TCF policies and procedures.

Essential knowledge and experience required at recruitment

  • Experience in financial services (ideally 1-2 years), preferably with some working knowledge of the FCA handbook and its practical application or within a third party administration firm
  • Experience of monitoring, risk management and/or internal audit skills
  • Good inter-personal and communication skills and be a strong team player
  • Demonstration of effective communication including presentation skills and report writing.

Additional Knowledge required to become fully competent

  • Understanding of administration and systems within the company.
  • Knowledge of protection and investment products.
  • Good understanding of the FCA Handbook and regulatory requirements.
  • Professional Qualification e.g. IOC, FPC, CII.

Performance Management

  • Supporting the Compliance & Risk Manager in maintaining standards of compliance/regulated activities within a third party administration environment
  • Proving knowledge of administration and systems within the company.
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