Risk and Compliance Monitoring Officer

09 May 2017
07 Jun 2017
Contract Type
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