Compliance Officer

Job Summary:

The role holder will assist the Head of Compliance who is responsible for providing regulatory compliance assistance, advice and support to all parts of the Group, which includes a Trust and Corporate Service Provider, Pension company, Accountancy, Audit and Advisory companies along with a Payroll company. To support the businesses and directors in the ongoing development of their compliance framework and associated reporting.

We are looking for a methodical individual to primarily assist and support the Head of Compliance with regulatory compliance tasks. The role will mainly be within the TCSP, Pension and Payroll businesses however, support may also be required at times within the accountancy, audit and advisory businesses.

This is a new role in the Compliance Department within a recently expanded Group of companies. Training will be provided however, we are looking for someone with experience primarily working within the requirements of the Financial Services Act and AML/CFT Code who can bring their previous experience to this role.

Duties include but are not limited to the following:

  • Ensuring that regulatory requests, reports and other official communications are responded to and handled appropriately and promptly;
  • Providing ongoing advice and support to the Group on regulatory compliance matters;
  • Preparation of regulatory reports such as Annual Regulatory Return, Statistical Returns and Client Asset Report;
  • Developing and delivering a new compliance monitoring programme;
  • Assisting with the maintenance of regulatory registers;
  • Monitoring and reporting changes to the compliance environment;
  • Supporting the maintenance of the risk management framework for the business;
  • Preparing business risk assessments;
  • Preparation of monthly compliance reports to the Board;
  • Maintaining Compliance Manuals, policies and associated documentation;
  • Maintenance of the online portal for Designated Businesses;
  • Providing cover to the Compliance Assistant to ensure new business and client due diligence meets internal standards and regulatory requirements, including giving advice to the administration teams;
  • Providing proactive support in the identification and implementation of developments to the business compliance framework;
  • Identifying new or changed compliance risks;
  • Coordinating the delivery of regulatory change initiatives impacting the businesses;
  • Contributing to the preparation, development and delivery of regulatory training;
  • Assist with and prepare for regulatory or oversight visits and external audits;
  • Ensuring compliance knowledge is always kept up-to-date with recent developments, such as: Financial Services Act, AML/CFT Code, Data Protection Act, Designated Business Act, Bribery Act, etc;

Any other duties that may be required from time to time, to support the Group, which may include assisting the admin teams

Reporting To:

Head of Compliance

Qualifications Required:

  • 5 GCSEs or equivalent at grade C or above
  • Certificate or Diploma in Compliance is desirable but not essential as previous experience in the role is key

Experience:
We are primarily looking for someone with experience working within the requirements of the Financial Services Rule Book and the AML/CFT Code, with at least 5 years’ experience

Training:

Internal and external workshops and study towards compliance qualifications will be encouraged

Skills:

  • Attention to detail
  • Excellent interaction skills
  • Excellent communication skills
  • Able to work on their own initiative
  • Able to work under pressure and to strict deadlines
  • Able to prioritise work
  • Proactive
  • Excellent organisational skills
  • Discretion

Responsibilities:

Support and assist the Compliance Department

Characteristics:

  • Enthusiastic
  • Personable
  • Team player
  • Reliable
  • Conscientious

Hours:

Full time is preferable however, will consider part time hours

Salary Range:

Salary will commensurate with experience and qualifications

Benefits:

  • Healthcare
  • Flexible hours
  • Competitive salary

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