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- Tasks: Join us as a Compliance Monitoring Specialist to ensure regulatory compliance and mitigate risks.
- Company: Servaada, a Wipro company, specializes in regulated outsourcing services in the Financial Services industry.
- Benefits: Enjoy a competitive salary, generous benefits, and opportunities for training and development.
- Why this job: Make a meaningful impact while working in a supportive, customer-centric culture with a focus on compliance.
- Qualifications: Previous compliance monitoring experience and knowledge of FCA rules are essential; a degree is preferred.
- Other info: This hybrid role allows you to work 2-3 days a week from Reading and Bath.
The predicted salary is between 36000 - 60000 £ per year.
Compliance Monitoring Specialist
Location: Reading & Bath
Introduction:
Servaada, a Wipro company is looking for a Compliance Monitoring Specialist with previous experience in a regulatory environment, ideally from wealth/asset management or retail financial advice background. The role holder will be key in delivering both departmental and individual targets within appointed timescales and to the highest standards. Application of technical knowledge to the department’s operation and innovative, solution-based thinking will be a key aspect of the role.
This role will be required to work hybrid; 2-3 days a week – 1 or 2 days from Reading and 1 day from Bath.
About Servaada, a Wipro company:
Servaada is a separate legal entity, authorised by the FCA and has been set up by Wipro to provide regulated outsourcing services within the Financial Services industry.
Our client is a financial technology investment service company where Servaada will be providing business and technology process outsourcing services and providing end to end front and back-office operations support.
Your Benefits:
As a Compliance Monitoring Specialist, you will receive a competitive salary, a generous benefits package and training & development in areas to help you improve.
Responsibilities:
- Assist in the delivery of the annual compliance monitoring programme by undertaking agreed monitoring activities to a high standard and delivering results in a timely manner
- Work proactively to identify control gaps and weaknesses, determine root cause, and escalate and propose viable solutions to the risks and weaknesses identified, working to mitigate risk
- With the support of the Head of Compliance Monitoring, agree action plans with the business as a result of monitoring work and; follow up with the business to ensure identified risks are adequately mitigated and closed in line with agreed action plans and for evidencing and recording rationale for closure. Highlight any delivery concerns
- Provide input into the annual Compliance Risk Assessment Process to inform the annual Compliance Monitoring Programme and actively keep compliance risks under review
- Make or assist with the delivery of relevant reporting and MI to inform Management of the compliance risks and their status. This includes supporting the Head of Compliance with information for reports to Servaada’s Risk and Compliance Committee, the Board and its clients as required
- Monitor regulatory developments and maintain an up-to-date knowledge of current issues and future trends and their likely impact on the company’s risk profile and activities
- Work with the Compliance Team in the establishment of adequate in-house controls and compliance procedures and contribute to compliance processes by identifying areas for improved adherence to regulatory requirements
- Ensure departmental logs and the Compliance Monitoring Programme are maintained and up to date and that they are appropriately risk rated in line with the process
- Work independently while establishing solid relationships with the business
- Champion a positive and effective compliance culture within Servaada and Wipro, helping the business to manage compliance risks effectively within their respective areas of responsibility
- Maintain an independent mind-set taking an impartial and objective view of internal practices, whilst maintaining good relationships that permit constructive and valued challenge
- The area of work involves a high degree of accuracy, integrity and independence as well as the ability to work well within a small team environment. We take pride in our customer centric culture of good order, and you will share our core values
Essential Skills:
- Previous experience in compliance monitoring, ideally in an asset/wealth management firm or a retail financial advice firm
- Good working knowledge of FCA rules
- Some experience of suitability of advice and/or CASS would be beneficial
- The ability to understand and communicate technical information in a way that is easy for others to understand is essential, as is the ability to interpret FCA regulations and other such communications
Desirable Skills:
- Degree education or equivalent or higher
- CISI IAQ / IOC, Investment Compliance Diploma or other compliance qualification from the International Compliance Association (ICA) would be beneficial
- Proactive self-starter who is not afraid of taking responsibility and who is able to work both independently and in close collaboration with others
- Build rapport and strong relationships quickly and be able to maintain and build on those relationships over time, becoming a trusted partner to the business
Join our team as a Compliance Monitoring Specialist and make a meaningful impact in the lives of our clients and beneficiaries. If you have a passion for financial crime, a thorough understanding of investment services, and a desire to assist customers in their financial journey, we welcome you to apply and be part of our dedicated team.
Equal Opportunities:
Servaada is an advocate for positive change and conscious inclusion. As a global employer, we strive to create a diverse Wipro family by remaining committed to the development of our culture, diversity, equality, and inclusion in the workplace. All applicants welcome.
Compliance Monitoring Specialist employer: Wipro
Contact Detail:
Wipro Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Monitoring Specialist
✨Tip Number 1
Familiarize yourself with the latest FCA regulations and compliance standards. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing regulatory environment.
✨Tip Number 2
Network with professionals in the compliance and financial services sectors. Attend industry events or join relevant online forums to connect with others who can provide insights and potentially refer you to opportunities at Servaada.
✨Tip Number 3
Prepare to discuss specific examples of how you've identified and mitigated compliance risks in previous roles. Highlighting your proactive approach and problem-solving skills will resonate well with the hiring team.
✨Tip Number 4
Showcase your ability to build strong relationships within a team and across departments. Emphasizing your collaborative spirit and communication skills will align with Servaada's focus on fostering a positive compliance culture.
We think you need these skills to ace Compliance Monitoring Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance monitoring, particularly in asset/wealth management or retail financial advice. Use specific examples to demonstrate your understanding of FCA rules and your ability to identify control gaps.
Craft a Strong Cover Letter: In your cover letter, express your passion for compliance and financial services. Mention how your previous experiences align with the responsibilities outlined in the job description, such as delivering compliance monitoring programs and working proactively to mitigate risks.
Showcase Your Technical Knowledge: Emphasize your technical knowledge and ability to communicate complex information clearly. Provide examples of how you've successfully interpreted FCA regulations and implemented compliance procedures in past roles.
Highlight Your Soft Skills: Since the role requires building strong relationships and maintaining an independent mindset, be sure to highlight your interpersonal skills and ability to work collaboratively. Mention any experiences where you successfully navigated challenges while maintaining good relationships.
How to prepare for a job interview at Wipro
✨Showcase Your Regulatory Knowledge
Make sure to highlight your understanding of FCA rules and regulations during the interview. Be prepared to discuss how your previous experience in compliance monitoring has equipped you with the skills necessary to navigate regulatory environments effectively.
✨Demonstrate Problem-Solving Skills
Since the role requires identifying control gaps and proposing solutions, come prepared with examples of past experiences where you successfully identified issues and implemented effective solutions. This will showcase your innovative, solution-based thinking.
✨Build Rapport with Interviewers
Establishing strong relationships is key in this role. Practice building rapport during the interview by engaging with your interviewers, asking insightful questions, and showing genuine interest in their perspectives on compliance challenges.
✨Communicate Clearly and Effectively
Given the need to interpret and communicate technical information, practice explaining complex compliance concepts in simple terms. This will demonstrate your ability to make technical information accessible to others, a crucial skill for this position.
