Compliance Assistant

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.