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Compliance & Risk Specialist (12 month fixed term contract)

  • Location

    North Yorkshire

  • Discipline:

    Compliance

  • Job type:

    Contract

  • Salary:

    c. £30,000 - £35,000 + Benefits

  • Consultant:

    #

  • Email:

    psherlock@merje.com

  • Job ref:

    PS/15256

  • Published:

    5 months ago

Our client is a well-known Financial Services business who are currently looking to recruit a Compliance Specialist on an initial 12 month fixed term contract (part time also considered) to work as part of the firms Compliance function. The Compliance department is responsible for mmaintaining compliance with legislative and regulatory requirements, identifying risks and issues affecting the business and making recommendations.

Duties:

  • Assist with the development of the Compliance Monitoring Plan;
  • Deliver a risk based Monitoring Plan that provides assurance to the Executive team and management on regulatory compliance;
  • Help manage interaction between 1st, 2nd and 3rd lines of defence;
  • Identify risks and issues affecting the business and recommend remedial actions to the Compliance Manager;
  • Track issues and check that remedial actions are being delivered;
  • Review and approve business material e.g. literature reviews, scripts, guidance notes and operational supporting material;
  • Assist with the completion of regulatory reports such as the Retail Mediation Activities Return;
  • Handle any compliance queries that are generated by the business in a timely and accurate manner;
  • Manage an auditable archive of all materials, enquiries, advice and approvals;
  • Identify, communicate and advise the business on changes in FCA and other associated regulatory and legislative requirements, so that the business meets or exceeds current regulatory and associated legislative standards;
  • Maintain up to date knowledge of compliance and regulatory issues affecting the business, and share this knowledge with Operational colleagues through regular tailored communications;
  • Carry out Treasury Sanctions checking and reporting, including training, advice and support to the business;
  • Provide Compliance support to the business throughout the Business Incident Management process;

Requirements:

  • Sound knowledge of FCA regulations and in particular the ICOBS, DISP, APER, SYSC and FIT Rulebooks;
  • A good understanding of the FCA requirements for Financial Services & General Insurance firms, specifically for an Operational environment including Call Centre, Complaints and Claims departments;
  • Compliance Monitoring experience