Compliance Monitoring Executive

Bournemouth, UK
19 Jun 2019
27 Jun 2019
Contract Type
Full Time
Vitality, Compliance Monitoring Officer, Bournemouth, £Competitive + Bonus + Benefits

Vitality is an award winning, dynamic and vibrant financial services provider, with a ground-breaking vision for the future, where individuals are enabled to succeed and are rewarded and recognised for their contribution to our business.

Our Compliance Monitoring Officer will receive a competitive salary plus benefits including;

- Our award winning private Vitality Health insurance + wellness incentive programme

- Vitality Partners and Rewards - Apple Watch, Ocado, Garmin, Champneys Spa days, half price gym memberships, Disney Store discounts to name a few!

- Personal health fund + Life Assurance

- Stakeholder Pension Plan with employer contribution

- 25 Days annual leave + Bank holidays + option to buy and sell 5 more.

- Flexible benefits package

- Internal incentives, competitions and awards - a chance to win football and sports tickets or even be in with a chance to have a holiday of a lifetime

- A genuine opportunity to grow and establish a long-term career

As our Compliance Monitoring Officeryou will be responsible for assisting the Senior Compliance Monitoring Manager with delivering an effective, high quality, risk based compliance oversight and monitoring programme across all Vitality businesses. Assessing the adequacy and effectiveness of the measures, controls and procedures put in place by the 1st Line of Defence to address compliance with all relevant conduct regulatory obligations. In addition, to provide oversight of significant outsourced arrangements to satisfy all regulatory and legal requirements.

Responsibilities as our Compliance Monitoring Officer include:

- Assist in the development of an annual risk based Compliance monitoring and oversight plan which focuses on Conduct and other regulatory risks

- Assist with maintenance of a comprehensive Compliance Risk Universe

- Takes responsibility to manage and deliver robust risk based compliance assurance reviews and oversight activities to deliver Senior Management an insight into the efficiency and effectiveness of regulatory risks and best practice

- Developing high quality, succinct, timely and accurate compliance monitoring and oversight reports

- Collaborate with the business to determine and agree pragmatic and effective remedial and preventative recommendations where vulnerabilities and risks exist, monitor corrective plans and provide guidance, advice and support to deal with and avoid similar situations in the future

- Liaise with key stakeholders in the business to effectively track, manage and report on open, closed and overdue actions through to successful implementation

- Assist the Senior Compliance Monitoring Manager to develop monthly and quarterly management information on all monitoring and oversight activities, risks and issues, which contribute to the Assurance reports for the Board and Executive Management

- Regularly liaise with 1st, other 2nd and 3rd Line functions to disseminate compliance activities, and understand business needs

- Seeks to enhance compliance monitoring and oversight activities to increase productivity and effectiveness in supporting the business

Skills and Experience required of our Compliance Monitoring Officer:


- Degree level education or

- Qualified or working towards an Internal Audit qualification or

- Compliance Diploma

- Demonstrative experience in financial services

- Excellent knowledge of FCA regulations

- Sound knowledge of other regulations including Financial Crime and Data Protection

- Experience of Insurance industry


- Compliance Monitoring and oversight experience

Our people are chosen for their skills, knowledge, enthusiasm and attitude but above all, their belief that anything can be achieved.

Closing Date: Monday 8th July 2019

If you feel you have the skills and experience to become our Compliance Monitoring Officer please click 'apply' today.

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