£30,000 - £40,000 + Benefits
6 months ago
My client is a well-known entrepreneurially led consumer finance business looking for a Compliance Monitoring Officer who will report to the Head of Risk & Compliance and be responsible for undertaking risk-based monitoring of regulated activity to establish if regulatory objectives are being met and good customer outcomes are being provided.
Key responsibilities include:
- Undertake Compliance Monitoring within the Secured Lending business to include FCA, ASA, DPA, OFCOM and any other regulatory matters as they arise.
- Conduct monitoring activity independently and to a high standard; assessing whether the 1st line of defense has effective management, control and oversight.
- Identify any areas of operational risk or compliance failure within the business and work with management to develop action plans to rectify these failures.
- Provide timely reports to senior management on the findings of monitoring activity, as per the Compliance Monitoring policy and methodology, in a timely manner
- Examine and verify that action plans have been delivered in line with expectations and to test that these have successfully been implemented where appropriate
- Maintain in-depth knowledge of regulatory standards taking into account changes in regulation and legislation
- Previous experience of working in an FCA regulated business within a compliance department
- A good understanding of how risk based monitoring should be applied.
Regulatory knowledge to ideally include:
- Conduct of Business rules (CONC); (MCOB); (ICOB)
- FCA Principles for Business (PRIN)
- FCA TCF outcomes
- Training & Competence
- Complaint Handling (DISP)
- Senior Managers and Certification Regime (SMCR)
- Data Protection Act (DPA)
- Conduct risk
Salary range is broad and will be entirely commensurate with experience.
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