Compliance Monitoring Analyst

We are working on behalf of a key insurance client on an exclusive basis, to help bolster their Risk & Compliance team during a period of continued growth, with this Compliance Monitoring Analyst role supporting the business on an initial 12 month fixed term basis, to work hybrid with 2 days a week onsite. (3 days remote)

This will interest someone with 3 years~ of Compliance experience - from either Insurance or other Financial Service businesses.

Purpose:

• Monitor compliance to assess business and TPAs adherence to regulatory standards and requirements.
• Work with established processes within the business & clientele, to manage risk and consumer duty requirements.
• Liase internally to review & improve processes.

Duties & Responsibilities:

• Work with the Compliance Monitoring Manager to develop, maintain & deliver the second line monitoring plan. (CMP)
• Implement and manage second line reviews, in line with regulatory and conduct risk topics outlined in the CMP.
• Run compliance monitoring on all FCA regulated activities within the business and TPAs.
• Produce individual reports and the quarterly CMP report.
• Liase with Head of Risk & Compliance (HoRC) to periodically review the CMP.
• Full job description is available upon request.

Conduct Requirements:

• You must act with integrity.
• You must act with due care, skill and diligence.
• You must be open and cooperative with the FCA and other regulators.
• You must pay due regard to the interests of customers and treat them fairly.
• You must observe proper standards of market conduct.

Desired Skills & Traits:

• Team player - Demonstrates flexibility and empathy and takes responsibility as required
• Delivering Results - Demonstrates commitment to the identified results, meets deadlines, is motivated and has a "can do" approach
• Regulatory & Compliance - Demonstrates an awareness of the regulatory environment and implements regulatory and compliance requirements as appropriate
• Proactivity & Initiative - Uses initiative, shares ideas and suggests improvements, constructively challenges the status quo
• Transparency - Operates in a fair, open manner, surfaces issues in a timely way
• Accuracy - Demonstrates diligence and attention to detail to ensure thoroughness and accuracy in tasks

Core Competences:

• Company & Industry Awareness - Understanding and knowledge of the business and the market; awareness of financial issues and business priorities
• Interpersonal & Communication Skills - Builds effective relationships with stakeholders and communicates in a clear way. Listens and adapts style to particular situations, sensitive to individuals and circumstances
• Planning & Organising - Organises time and prioritises effectively to deliver within expected timeframes
• Customer Focus - Maintains professionalism, fair treatment and effective relationship management. Responds in a timely way demonstrating respect, tact and diplomacy
• Decision Making - Looks to solve problems in a constructive way, makes timely decisions, and develops results-focused action plans

Remuneration & Benefits:

• Salary - £50,000 per year (Full-time)
• Hybrid work - 3 days remote, 2 days on-site.
• Pension. Day One - Auto Enrolment - Employee 5%, Employer 10%
• Medical Cover - Benefit in Kind
• Leisure Allowance - £1000
• Group Income Protection/EAP
• Group Life Insurance
• 25 days holiday (+ bank holidays increasing after 3 yrs service)