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NJR Recruitment are partnered with a leading firm of Pension specialists offering a family orientated working environment. Over the years they have built an excellent reputation for providing specialist SSAS pensions administration services. Our client now offers an excellent opportunity for a Risk and Compliance Analyst to join their team in the Bolton area. The purpose of the Risk and Compliance analyst will to support thr Director of Group Risk in ensuringthe compnay meets the regulatory standards and best practices of the idustry and to protect the business and its clients from harm by effectively managing risk. Implements risk management and compliance strategies, conducts assessments, and promotes a culture of risk awareness and compliance across the organisation.
Key Responsibilities:
Risk Management:
- Support the risk control and assessment processes by collecting and organising data, performing risk assessments, root cause analysis, and helping to identify potential risks and vulnerabilities all across the various business units.
- Maintain and update the risk register, liaising with the business units to ensure monitoring remediation and mitigation actions are completed in a proportionate and timely manner.
- Collaborate with the team to develop strategies and tactics for mitigating identified risks and enhancing the firm's overall risk management framework.
- Monitor and evaluate the effectiveness of the risk and compliance framework and policies, and recommend improvements as needed.
- Support with the production of regular and ad-hoc risk management reports for senior management.
Compliance:
- Assist in the preparation, review and maintenance of company policies, compliance documentation and manuals, reports, and records. Ensure these documents are current and aligned with regulatory
- requirements and industry standards.
- Support with the production of regular and ad-hoc reports to ensure awareness of regulatory issues for senior management.
- Horizon monitoring - keep abreast of changes in relevant regulations, industry standards and best practices, providing the Director of Group Risk and the business with timely updates on relevant developments and their potential impact, and assist in implementing necessary
- adjustments to policies and procedures. Includes, but not limited to HMRC, TPR, ICO, CIOT, SRA, DWP
- Assist in compliance monitoring activities to ensure the processes and actions align with relevant regulations and internal policies. This may involve developing and maintaining a compliance
- monitoring programme through development of testing plans, execution of testing and reporting of findings
- Assist in the coordination and delivery of audits. This may involve preparing documentation and evidence, as well as helping with the implementation of audit recommendations
Training and Education:
- Contribute to the development and delivery of compliance and risk training programs to ensure that employees are aware of and understand their obligations and responsibilities
- Oversee the implementation and effectiveness of the Group’s standard annual training programme
Continuous Improvement
- Identify opportunities for improving risk management and compliance processes and procedures
- Participate in projects related to the enhancement of risk and compliance systems and frameworks
Operational Support:
- Establish effective internal relationships to ensure all regulatory requirements are fully understood and applied in a coordinated and commercially sensitive manner.
- Promote a culture of risk awareness and compliance across the firm.
Incident Response:
• Assist the Director of Group Risk with the execution and maintenance of BCP and incident response plans, particularly in cases of compliance violations or security breaches. This may include documenting incidents and coordinating the response efforts.
Data Management:
Manage and maintain information and data related to risk, governance, and compliance, ensuring data accuracy, integrity, and security.
Regulatory liaison:
- Assist the Director of Group Risk to liaise with external regulatory authorities, auditors and other third parties on risk and compliance matters ensuring that reports and information are effectively communicated and received, all responses are complete and the business is appropriately updated.
Team:
- Work alongside others in the team to achieve any or all of these objectives
- Provide support to other members of the team, which may include tasks in addition to those set out here, as and when required including in periods of holiday or other absence.
Ad Hoc Projects:
- Contribute to various ad hoc projects related to risk, governance, and compliance as they arise within WBR Group.
- Comply with the Health & Safety Guidelines as set out in the Health & Safety Management System document.
- Demonstrate behaviours in line with our Company Values 'PEER’
- Ensure compliance with our Company policies, procedures and guidelines.
Skills and Experience
- Analytical problem solving.
- Excellent organisation.
- Strong communication skills.
- Flexibility and adaptability.
- Attention to detail and accuracy.
- GoodlevelofcompetencewithallMicrosoftOfficeapplications.
- Abilitytoworkindependentlyandaspartofasmallteamandbeabletobemainlyself-supervised.
Experiencethatisnotessentialbutwouldbebeneficial,orwouldexpectawillingnesstodevelop:
- FamiliaritywithGDPR,AML,TPR,FCA,HMRC,CIOTandSRArequirements.
- Atleasttwoyearsofexperienceinariskandcompliancecapacityinarapidlygrowingcompanyincludingsomeformofmonitoring,checkingorqualityassurance,preferablyinthefinancialservicessector.
- WorkedwithinaSSASorSIPPenvironmentforatleast2years.
- RelevantprofessionalqualificationssuchasICA,IRM,orCISIareadvantageous.
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