At a Glance
- Tasks: Monitor compliance and risk management while supporting debt recovery efforts.
- Company: Join Ascent, a leading legal and financial services company dedicated to customer support.
- Benefits: Enjoy hybrid work, 22 days holiday, health cash plan, and discounted services.
- Why this job: Be part of a pioneering team that values integrity and continuous improvement.
- Qualifications: Degree level education and experience in financial services required.
- Other info: Complete employment screening to ensure honesty and integrity.
The predicted salary is between 36000 - 60000 £ per year.
A bit about Ascent At Ascent we place the customer at the heart of our operations, ensuring that within our customers most vulnerable times, we offer the support they deserve. You will play a huge part in the ongoing success of Ascent by providing technical and practical support when dealing with debt recovery and litigation actions on behalf of our clients. Ascent Performance Group are a highly successful legal and financial services company; we work with other large financial service companies to support individuals during uncertain times. If you want to join an agile, successful and well-established organisation, with a proven track record of colleague development and internal promotions, look no further than Ascent. We live by our five core values: Be pioneering Be approachable and caring Be tenacious Be efficient Show integrity Be Part of our team This role’s primary objective is to conduct Second Line of Defence (SLOD), activities, which are covered by several components of internal governance (compliance, risk management, quality, IT and other control departments). You will monitor and facilitate the implementation of effective risk management practices by operational management and assist the business in reporting adequate risk related information up and down the organisation. What will your day look like? Second Line of Defence Through a risk-based approach, provide assurance to the Ascent board of directors and senior management on how effectively the business assesses and manages its risks including assurance on the effectiveness of the first of defence. Conduct process checks, call reviews and end to end reviews assessing the impact of business activity from the customers, client, legal and regulatory perspective. Compile data to identify trends and instigate corrective actions as appropriate to prevent future occurrence. Internal audit Conduct audits on key policies to assess the adherence of business activity. Compile data to identify trends and instigate corrective actions as appropriate to prevent future occurrence of any issues identified. Complete annual internal audits in line with the agreed schedule. Risk Management Support the business by liaising with staff on potential risk areas and assist in the implementation of preventative measures for accepted risk areas. Other Duties Assist with the management and production of Customer Data Subject Access Requests. Host internal call calibration sessions and attend client calibration sessions. Keep up to date with relevant regulatory changes, along with internal business developments to ensure that all compliance monitoring activities remain valid. Attend, as required, relevant external workshops/meetings to maintain awareness of developments in compliance monitoring and risk management techniques. Our Candidate Requirements We expect you to be: Familiar with financial services regulatory guidelines and best practices, with an eagerness to learn more. Demonstrate integrity and be a customer experience champion with a strong emphasis on continuous improvement. Knowledge, skills & experience Essential Educated to Degree level. Previous experience within financial services in a 1st or 2nd Line of Defence role. Good understanding of operational risks and how these can be mitigated. Delivery focused, with proven track record of delivering on expectations. Ability to manage multiple concurrent assignments of varying scope and complexity in a cross-functional environment. Confident, self-starter with the ability to work with minimal supervision. Strong interpersonal, verbal, and written communication skills and attention to detail. Takes initiative, accepts challenges, grows business acumen, and establishes/sustains internal/external networks. and relationships in a complex organisational environment. Acts with integrity and holding oneself accountable for their remit. Desirable Experience/ knowledge of consumer and commercial debt recovery processes and strategies. Solid understanding of CPR and MCOB rules. Solid understanding of FCA regulatory requirements including SMCR and Consumer Duty. Robust risk and control, governance, and/or compliance experience gained in 1st or 2nd Line of Defence roles. What we offer you Hybrid working model (Following initial Training period*) Company Pension Scheme 22 days holiday, plus bank holidays (We have a buying holiday scheme that allows you to buy additional holidays during the annual holiday year) Health cash plan Critical illness cover Discounted legal services Season ticket loans Discounted online shopping Discounted gym memberships Cycle to work Further Information As part of the Ascent on-boarding process all successful applicants are required to complete the group’s employment screening process. This process helps to ensure that all new employees meet our standards in relation to honesty and integrity therefore protecting the interests of the Group, existing employees, clients, partners and other stakeholders.
Compliance Monitoring Officer employer: Ascent Performance Group Ltd
Contact Detail:
Ascent Performance Group Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Monitoring Officer
✨Tip Number 1
Familiarize yourself with the specific regulatory guidelines and best practices in financial services. This knowledge will not only help you understand the role better but also demonstrate your commitment to compliance during interviews.
✨Tip Number 2
Network with professionals in the compliance and risk management fields. Attend relevant workshops or webinars to gain insights and make connections that could lead to opportunities at Ascent.
✨Tip Number 3
Prepare to discuss your previous experiences in 1st or 2nd Line of Defence roles. Be ready to share specific examples of how you've managed risks and contributed to compliance efforts in past positions.
✨Tip Number 4
Stay updated on the latest developments in compliance monitoring and risk management techniques. This will show your proactive approach and eagerness to contribute to Ascent's success.
We think you need these skills to ace Compliance Monitoring Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Compliance Monitoring Officer at Ascent. Highlight your relevant experience in risk management and compliance in your application.
Tailor Your CV: Customize your CV to reflect the skills and experiences that align with the job description. Emphasize your previous roles in financial services, particularly in 1st or 2nd Line of Defence positions.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your understanding of Ascent's core values. Explain how your background and skills make you a perfect fit for their team and how you can contribute to their mission.
Showcase Your Communication Skills: Since strong verbal and written communication skills are essential for this role, ensure your application is clear, concise, and free of errors. Use professional language and structure your documents well.
How to prepare for a job interview at Ascent Performance Group Ltd
✨Understand the Core Values
Familiarize yourself with Ascent's five core values: being pioneering, approachable and caring, tenacious, efficient, and showing integrity. Be prepared to discuss how you embody these values in your work and how they align with your personal approach to compliance and risk management.
✨Demonstrate Your Knowledge of Regulatory Guidelines
Since the role requires familiarity with financial services regulatory guidelines, brush up on relevant regulations such as FCA requirements, CPR, and MCOB rules. Be ready to provide examples of how you've applied this knowledge in previous roles.
✨Showcase Your Analytical Skills
The position involves conducting audits and compiling data to identify trends. Prepare to discuss specific instances where you've successfully analyzed data to instigate corrective actions or improve processes in a compliance context.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities and decision-making skills in risk management situations. Think of examples from your past experiences where you effectively managed risks or handled compliance issues.