At a Glance
- Tasks: Join us as a Compliance Monitoring Officer, ensuring ethical practices in financial services.
- Company: AJ Bell is a fast-growing investment platform, trusted by over 593,000 customers.
- Benefits: Enjoy competitive salary, 25+ days holiday, health plans, and a vibrant social calendar.
- Other info: Hybrid working model with a focus on building connections and professional development.
- Why this job: Be part of a dynamic team that champions compliance and customer care in finance.
- Qualifications: Experience in compliance within FCA regulated firms; strong analytical and communication skills required.
The predicted salary is between 36000 - 60000 £ per year.
We’re looking for a Compliance Monitoring Officer to join our Risk & Compliance function on a 12 month fixed term basis to cover maternity leave. This role plays a key part in maintaining and improving compliance in a dynamic and regulated financial services environment. You’ll help ensure we remain aligned with the FCA’s expectations, especially around Consumer Duty, by acting as a champion of ethical practice and regulatory excellence.
What you’ll do:
- Conduct detailed thematic and regular compliance reviews in line with our Compliance Monitoring Plan.
- Assess how effectively good customer outcomes are embedded in business practices, with a focus on Consumer Duty and risk control effectiveness.
- Support the Head of Compliance Monitoring in maintaining and delivering the Compliance Monitoring Plan.
- Provide insightful feedback from reviews, fostering collaborative improvement across the business.
- Track, follow up, and close agreed actions from reviews using the Action Tracker.
- Ensure consumers remain at the heart of our decision-making and that we consistently deliver fair and positive outcomes.
- Investigate breaches to understand root causes and confirm appropriate corrective actions are taken.
- Maintain compliance registers, including breach and gifts/hospitality logs, and identify potential conflicts of interest.
What you’ll bring:
- Experience working in a compliance or quality assurance function within an FCA regulated firm. Experience in investment platforms, stockbroking, or similar sectors is beneficial, but we welcome applications from other regulated environments.
- Strong understanding of compliance monitoring and testing methodologies.
- Working knowledge or awareness of the UK regulatory regime and broader EU regulatory framework.
- Familiarity with the FCA Handbook, particularly COBS, SYSC, Financial Crime, CASS, MAR, and the Consumer Duty.
- Awareness of anti-money laundering legislation, JMLSG guidance, and FCA financial crime prevention expectations.
- A proactive, analytical mindset and excellent attention to detail.
- Strong communication skills and the ability to build constructive relationships across teams.
About us:
AJ Bell is one of the fastest-growing investment platform businesses in the UK offering an award-winning range of solutions that caters for everyone, from professional financial advisers to DIY investors with little to no experience. We have over 593,000 customers using our award-winning platform propositions to manage assets totalling more than £90.4 billion. Our customers trust us with their investments, and by continuously striving to make investing easier, we aim to help even more people take control of their financial futures.
Having listed on the Main Market of the London Stock Exchange in December 2018, AJ Bell is now a FTSE 250 company. Headquartered in Manchester with offices in central London and Bristol, we now have over 1,500 employees and have been named one of the UK’s ‘Best 100 Companies to Work For’ for six consecutive years and in 2024 named a Great Place to Work®.
Our perks and benefits:
- Competitive starting salary.
- Starting holiday entitlement of 25 days, increasing up to 31 days with length of service and a holiday buy and sell scheme.
- A choice of pension schemes with matched contributions up to 6%.
- Discretionary bonus scheme, Annual free share awards scheme & Buy As You Earn (BAYE) Scheme.
- Health Cash Plan – provided by SimplyHealth & Private healthcare scheme and dental plan.
- Free on-site gym providing a wide range of free classes.
- Employee Assistance Programme & Sick pay+ pledge.
- Bike loan scheme, Loans for travel season tickets & Parking at Exchange Quay (subject to availability).
- Enhanced maternity, paternity, and shared parental leave & Discounted nursery fees at Kids Planet on Exchange Quay.
- Death in service scheme.
- Calendar of social events, including monthly payday drinks, annual Christmas party, summer party and much more.
- Ongoing technical training, Professional qualification support & Talent development programmes.
Hybrid working:
At AJ Bell, our people are the heart of our culture. We believe in building strong connections by working together. That’s why we offer a hybrid working model, where you’ll spend a minimum of 50% of your working time per month in the office. For new team members, an initial period will be full-time in the office to help you immerse yourself in our business and build valuable relationships with your colleagues.
AJ Bell is committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and all employees are empowered to bring their whole self to work.
Compliance Monitoring Officer in Salford employer: AJ BELL BUSINESS SOLUTIONS LIMITED
AJ Bell is an exceptional employer, recognised as one of the UK's 'Best 100 Companies to Work For' for six consecutive years and a Great Place to Work in 2024. With a strong focus on employee well-being, we offer competitive salaries, generous holiday entitlements, and a range of benefits including health plans, professional development opportunities, and a vibrant work culture that fosters collaboration and growth. Located in Manchester, our hybrid working model ensures a balanced approach to work, allowing you to thrive both professionally and personally while contributing to our mission of empowering individuals to take control of their financial futures.
Contact Details:
AJ BELL BUSINESS SOLUTIONS LIMITED Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Monitoring Officer in Salford
✨Tip Number 1
Familiarise yourself with the FCA Handbook, especially sections like COBS and Consumer Duty. This will not only help you understand the regulatory landscape but also demonstrate your commitment to compliance during discussions.
✨Tip Number 2
Network with professionals in the compliance field, particularly those who have experience in FCA regulated firms. Engaging in conversations can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Stay updated on recent developments in financial regulations and compliance practices. Being knowledgeable about current trends will show that you're proactive and serious about the role.
✨Tip Number 4
Prepare to discuss specific examples of how you've contributed to compliance monitoring or quality assurance in previous roles. Real-life scenarios can illustrate your skills and fit for the position.
We think you need these skills to ace Compliance Monitoring Officer in Salford
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in compliance or quality assurance, particularly within FCA regulated firms. Emphasise any specific knowledge of the UK regulatory regime and the FCA Handbook.
Craft a Strong Cover Letter:In your cover letter, express your understanding of the role and how your skills align with the responsibilities outlined in the job description. Mention your proactive mindset and attention to detail, as these are crucial for the Compliance Monitoring Officer position.
Showcase Relevant Skills:Highlight your analytical skills and ability to build relationships across teams. Provide examples of how you've successfully conducted compliance reviews or assessments in previous roles.
Research AJ Bell:Familiarise yourself with AJ Bell's values and culture. Understanding their commitment to consumer outcomes and ethical practices will help you convey your alignment with their mission during the application process.
How to prepare for a job interview at AJ BELL BUSINESS SOLUTIONS LIMITED
✨Know Your Compliance Regulations
Familiarise yourself with the FCA Handbook, especially sections like COBS and Consumer Duty. Being able to discuss these regulations confidently will show your understanding of the compliance landscape.
✨Demonstrate Analytical Skills
Prepare examples from your past experience where you successfully identified compliance issues or improved processes. Highlight your analytical mindset and attention to detail during the interview.
✨Showcase Communication Abilities
Since the role involves providing feedback and fostering collaboration, be ready to discuss how you've effectively communicated complex compliance matters to different teams in the past.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills. Think about how you would handle breaches or conflicts of interest, and be prepared to explain your thought process.
