Risk and Compliance Monitoring Officer

Recruiter
MERJE Ltd
Location
Lincoln
Salary
30000.0000
Posted
09 May 2017
Closes
07 Jun 2017
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time

Our client is a well-regarded and long established financial services company who are recruiting for a Risk and Compliance Monitoring Officer. The role will involve providing independent assessment of the effectiveness of operational controls to ensure compliance with legal and regulatory obligations

The role-

  • To maintain a strong assurance culture through robust monitoring processes to identify any regulatory or control weaknesses. Monitoring activities to include thematic / BAU monitoring reviews and assessment of risk mitigation controls
  • Collation of data to populate the conduct risk dashboard, analysis and provision of support to relevant business areas when negative trends are identified
  • To conduct post sales and post claim surveys, ensure compliant with all relevant policies and regulations; analysing responses. Record and escalate breaches to the appropriate source
  • To review any suspicions raised from referencing and legal and claims, undertaking in-depth investigations on information provided, with detailed outcomes and actions communicated back to the relevant departments. Where necessary, handling the reporting of the suspicious activity to external agencies
  • To review and sign off product literature, marketing and training material in accordance with the financial promotions process
  • To report immediately all incidents/breaches/loss events and near miss reports in accordance with the risk management framework. Escalating all risks identified within the team
  • To maintain accurate records, for audit trail purposes, for all work carried out
  • To continually maintain and develop regulatory and risk management knowledge
  • Perform additional tasks as directed by line management

Key Requirements-

  • A level or equivalent standard of education
  • Understanding of the FCA rules and principles
  • Experience of risk-based compliance monitoring and supporting a risk management framework.
  • Understanding of financial promotion rules