Yorkshire: North Yorkshire, West Yorkshire.
£25,000 - £35,000
Seeking a Compliance Specialist based in North Yorkshire. Happy to consider both full or part-time and would be looking for a 12 month FTC initially. Looking for candidates with compliance experience within Financial Services, with an understanding of insurance products and knowledge of the FCA handbook.
To assist with the development of the Compliance Monitoring Plan, deliver a risk based Monitoring Plan that provides assurance to the Executive team and management on regulatory compliance. Carry out risk-based outcomes-focused compliance monitoring. Creating reports summarising monitoring activity for a variety of audiences. Will help to manage interaction between 1st, 2nd and 3rd lines of defence. Identify risks and issues affecting the business and recommend remedial actions to the Compliance Manager. Track issues and check that remedial actions are being delivered.
Review and approve business material e.g. literature reviews, scripts, guidance notes and operational supporting material. Assist with the completion of regulatory reports such as the Retail Mediation Activities Return. Handle any compliance queries that are generated by the business in a timely and accurate manner. Manage an auditable archive of all materials, enquiries, advice and approvals. Identify, communicate and advise the business on changes in FCA and other associated regulatory and legislative requirements, so that the business meets or exceeds current regulatory and associated legislative standards.
Maintain up to date knowledge of compliance and regulatory issues affecting the business, and share this knowledge with Operational colleagues through regular tailored communications. Carry out Treasury Sanctions checking and reporting, including training, advice and support to the business. Provide compliance support to the business throughout the Business Incident Management process. Assist the Compliance Manager with the production of monthly reports. Deputise for the Compliance Manager as and when required. Comply with all regulatory procedures applicable to the role. Report any information security incident, weakness or malfunction.
Risk Management - Champion, lead, monitor and embed a culture of strong internal control and risk management throughout your areas of responsibility. Ensure that control deficiencies and risk impacts are escalated so that root cause analysis can be performed and remedial actions taken. Comply with all company policy and procedures. Comply with all regulatory procedures applicable to the role. Report any information security incident, weakness or malfunction.
A sound knowledge of FCA regulations and in particular the ICOBS, DISP, APER, SYSC and FIT Rulebooks. A good understanding of the FCA requirements for Financial Services & General Insurance firms, specifically for an Operational environment including Call Centre, Complaints and Claims departments. Ability to interpret external regulatory reports and advise the business accordingly. Strong IT skills, in particular spreadsheet skills (Excel). Excellent verbal and written communication skills and good attention to detail. The ability to prioritise, plan and manage workload to strict deadlines. Previous Compliance Monitoring and/or Audit experience. ICA or equivalent Certificate in Compliance, or working towards successful completion of.
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