Compliance Administrator

Compliance Administrator

Location: Birmingham City Centre

Job Type: Full-time

Salary: Up to £24,000

My client isseeking a detail-oriented and proactive Compliance Administrator to support their specialised department in ensuring all regulatory, legal, and internal policies are adhered to.

As a Compliance Administrator, you will play a key role in managing and maintaining compliance with property regulations, auction rules, and industry standards. You will work closely with the Auction and Compliance teams, ensuring that all transactions and activities meet legal requirements and internal compliance standards. This is a vital position to support the smooth and ethical operation of property auctions, contributing to the protection of the company, clients, and other stakeholders.

Key Responsibilities:

• Compliance Monitoring: Ensure that all auction transactions comply with relevant property laws, including anti-money laundering (AML), property, and other regulatory requirements.
• Document Review: Manage and review contracts, legal packs, identification documents, and other relevant documentation to ensure compliance with company and legal standards.
• AML: Conduct thorough due diligence checks on clients (buyers and sellers), including verifying identities and source of funds in line with AML regulations.
• Audit and Record Keeping: Maintain accurate and up-to-date records of compliance checks, contracts, and communications for audit purposes.
• Training Support: Assist in delivering compliance training to staff within the Auction department, ensuring they are up-to-date on regulations, procedures, and best practices.
• Risk Management: Identify potential compliance risks related to auctions and escalate issues to the Compliance Manager or Auction Manager.
• Communication: Liaise with solicitors, clients, and internal teams to resolve any compliance-related issues or queries that arise during the auction process.
• Compliance Reporting: Prepare and submit regular reports on compliance status, highlighting any concerns or areas needing improvement to senior management.
• Policy Development: Assist in the development and implementation of internal policies and procedures to improve compliance processes.
• Regulatory Updates: Stay informed on the latest changes in property regulations, auction rules, and compliance standards, ensuring that the Auction department adheres to any new requirements.

Skills & Qualifications:

• Experience: Previous experience in compliance, administration, or within the property or legal sectors is highly desirable.
• Knowledge: A strong understanding of property law, AML regulations, and auction processes is preferred.
• Attention to Detail: High level of accuracy and attention to detail, particularly in document review and compliance checks.
• Communication: Strong interpersonal and communication skills, with the ability to explain complex regulatory requirements clearly.
• Organisational Skills: Excellent time-management and organisational skills, with the ability to manage multiple tasks and deadlines effectively.
• IT Proficiency: Competent in Microsoft Office and property-related software systems; experience with compliance software would be an advantage.
• Integrity: Strong ethical standards, with a proactive approach to identifying and mitigating compliance risks.

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