Compliance Monitoring Analyst

M&G Group
Stirling, UK
19 Oct 2019
22 Oct 2019
Contract Type
Full Time
At M&GPrudential our vision is: to become the best loved and most successful savings and investment business and we're looking for people who are excited about joining us on our journey. We're digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers. To help us achieve our vision we're looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple.

What you can expect from us:

We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:
  • Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
  • Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
  • Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
  • Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best

The Role:

The UK Compliance function is responsible for effectively advising and challenging key stakeholders, challenging risks effectively and proactively, and adding value through providing enhanced business insights to support the delivery of customers' long-term needs.

The Compliance Monitoring Analyst role currently sits within the Compliance Monitoring Team.

Key Responsibilities:

· Working in the Compliance monitoring team to provide Compliance guidance, advice and challenge to the First Line of Defence

· To understand external business standards, sharing best practice and implementing interventions where required

· To work with others in Compliance to challenge the business in its approach to risk identification, quantification, mitigation and management

· To work with the business to ensure the right outcomes for customers

· To ensure embedding of and compliance with regulatory requirements as well as compliance with risk appetites, management guidelines, standards and policies

The successful candidate will be operating at:

Level 1 (within 0-6 months)

· Trained on the monitoring methodology. Able to observe/support the Review Lead with producing a Scope of Review, undertaking fieldwork and testing.

· Able to support a Review Lead with undertaking a Routine Monitoring Review

Level 2 (within 6 - 12 months)

· Able to research the review topic, understand potential risks and current issues and produce review objectives.

· Able to formulate tests for the areas in scope / review objectives and write up a SOR.

· Able to collate an issues log and assist with briefing the business. Able to assist with writing draft report. (All stages subject to peer review)

Level 3 (after 12 months)

· Able to lead on a Routine Monitoring Review.

· Able to present report/findings to SMT. Able to complete Action Tracker.

· Able to assist with deep dive planning, fieldwork, collation of issues, and drafting report. Able to take responsibility for tracking Actions through to completion.

· Able to peer review and provide feedback on a Routine Monitoring Review.

You will have:

· Experience of developing policy/ position statements to tight deadlines and/or experience in monitoring activities

· Experience of liaising, influencing and negotiating effectively with internal parties and external parties

· Experience of analysing and interpreting complex rules and regulations and applying such knowledge to provide solutions to business problems and issues.

· Some experience in communicating the practical impact of regulatory obligations

· Some experience in regulatory guidance and compliance environments

· Understanding of the Statements of Principle and Code of Practice

· Working knowledge of UK life insurance products and pensions products, market, competitors and distribution channels

· Working knowledge of Prudential products, systems and distribution methods.

· Working knowledge of industry best practice, good network/links with external bodies and individuals on the same field.

· Working knowledge of financial services regulatory and legislatory frameworks

· Persistent and resilient in the face of challenge with a proven ability to influence

· Strong analytical and organisational skills as well as Big Picture thinking

· A promoter of Compliance and risk awareness within the organisation

· Able to work collaboratively across the immediate team and broader Risk & Compliance functions

· Gravitas and ability to be pragmatic where appropriate

Professional qualifications:
  • Working towards relevant professional qualification or equivalent business experience

Recruiter: Tom Hunt

Closing Date: 15/11/2019

At M&GPrudential Diversity and Inclusion is a strategic objective. We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationally, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements for any of our roles.

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