Compliance Auditor

The Auditor plays a pivotal role in providing assurance to the business on the performance and effectiveness of internal policies, controls, procedures, and systems. This position contributes to improving operations and compliance by applying a systematic and disciplined approach to monitoring activities. The role is critical in supporting the organisation to meet regulatory requirements and minimise the risk of legal action, penalties, or sanctions resulting from breaches of laws, regulations, industry standards, or internal policies.

The Auditor is primarily responsible for delivering the compliance monitoring programme, including:

• Planning and scheduling audits
• Defining audit scopes
• Conducting internal audits
• Preparing clear and concise audit reports
• Performing trend analysis and identifying areas of risk
• Assessing the adequacy and effectiveness of internal policies, controls, and procedures
• Recommending improvements to strengthen internal controls and operational processes
• Ensuring agreed remedial actions are effectively implemented and embedded

The Compliance Auditor will be part of the compliance team and report to the Head of Compliance. This role is based in our Derby office, Monday to Friday 36.25 hours, and travel to our other offices may be required, occasionally.

Key Responsibilities

• Execute the internal audit programme in line with the Compliance Monitoring Plan.
• Maintain and continuously develop the Compliance Monitoring Plan to ensure monitoring activities remain effective and cover all internal policies and procedures.
• Develop and maintain the Internal Audit Procedure and supporting documentation.
• Coordinate internal audits in a timely manner, ensuring key stakeholders are informed of audit requirements in advance.
• Define audit scopes and objectives.
• Conduct internal audits to assess effectiveness and compliance with applicable requirements.
• Undertake file reviews and thematic reviews where required.
• Audit strategic and operational risk controls to confirm they are in place and operating effectively.
• Verify actions recorded in the Continual Improvement Register, ensuring they are appropriately documented, progressed, and closed in a timely manner across all departments.
• Review, analyse, and evaluate documentation and data.
• Make recommendations to strengthen internal controls and improve processes.
• Provide clear audit feedback on compliance levels, breaches, and areas for improvement.
• Support the implementation of continual improvement initiatives.
• Monitor remedial actions and interventions to ensure effective resolution.
• Prepare concise audit summary reports.
• Present audit findings to departments and senior management.
• Produce management information and reporting.
• Support client and external audits as required.
• Organise and maintain accurate audit records.
• Maintain up-to-date knowledge of relevant regulations, standards, best practices, tools, and techniques.

Skills, Knowledge and Expertise

• Proven knowledge of auditing standards and best practices.
• Experience working with a regulated environment.
• Knowledge of the SRA or FCA regulations is essential.
• Proficient in learning new systems.
• Competent user of Microsoft Office.
• Highly analytical with strong attention to detail.
• Excellent communication and interpersonal skills.
• Must have outstanding record keeping and written skills.
• Requisite integrity and discretion to work with confidential information.
• Sound independent judgement.

Benefits

• Competitive salary
• Bonus potential
• Life insurance
• Great working environment at our Derby head offices
• Career development opportunities
• 25 days holiday plus bank holidays
• Options to buy & sell 1 week’s holiday
• 1 week’s holiday carry over
• Extra day off for your birthday
• Staff card discount scheme for local shops
• Social days and evenings on the firm
• Staff discounts on legal services