At a Glance
- Tasks: Assist in executing compliance testing and suggest improvements to processes.
- Company: Join LGT Wealth Management, a leading firm with a fresh approach to wealth management.
- Benefits: Competitive salary, supportive culture, and opportunities for professional growth.
- Other info: Be part of a respected firm with a commitment to integrity and innovation.
- Why this job: Make a real impact in compliance while working with a dynamic team.
- Qualifications: 1-2 years in compliance or monitoring, strong organisational skills, and knowledge of regulations.
The predicted salary is between 35000 - 45000 £ per year.
LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. Our head office is based in London; however, we have a presence in Edinburgh, Jersey, Leeds, Birmingham, Bristol and Manchester. Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values.
The role of the Compliance Team is to establish, implement, maintain and monitor on behalf of the Firm’s Governing Board and Management Board, adequate policies and procedures sufficient to ensure the Firm’s compliance with its obligations under the regulatory systems in which it operates and to counter the risk the Firm may be used to further financial crime. In addition, the team provides support to new business initiatives and advises on day-to-day issues which may arise.
Brief Role Objective: To assist in the execution of the testing required as part of the Firm’s annual Compliance Monitoring Plan (“CMP”).
Key Responsibilities:
- To assist in the execution of the testing required as part of the Firm’s annual CMP. This will involve carrying out testing independently or with the Head of Compliance Monitoring.
- Testing is carried out in accordance with the CMP and has strict deadlines attached which must be maintained to allow prompt reporting.
- To continually suggest improvements to the design and content of test scripts driven by past experience, previous test results in areas with regulatory focus, changes to internal systems, new businesses, staff turnover or customer complaints.
- To assist the Head of Compliance Monitoring to carry out testing by gathering data, documents and other Management Information as required.
- To write up findings/recommendations, agree responses with the area under review and present the findings/recommendations as part of the CMP Report.
- Properly record all recommendations and actions resulting from reviews undertaken and pro-actively chase these until resolution.
- Provide ad-hoc support to the wider team as required.
Requirements:
Key Skills and Technical Requirements:
- Good understanding of the wealth management business, gained through similar role/s.
- Good knowledge of the FCA Handbook and other relevant sources of regulation.
- Ability to keep up to date with, analyse, and interpret relevant regulatory requirements and developments and where appropriate link those developments to the CMP.
- Minimum 1-2 years’ experience, ideally within monitoring.
Other Skills and Attributes:
- Motivated and conscientious with strong interpersonal skills.
- Excellent organisational skills, including the ability to prioritise and meet deadlines.
- The ability to produce well-structured accurate written communications.
- Ability to question politely but firmly to obtain accurate answers to questions asked as part of any testing undertaken.
- The ability to work both independently and as part of a team.
- Team player who supports other members of the wider Legal and Compliance team.
IT: Proficient in the use of Microsoft Excel, Word. Experience in using Microsoft Power BI and FCA reporting portals is an advantage.
Compliance Monitoring Analyst in London employer: LGT Bank
LGT Wealth Management UK LLP is an exceptional employer, offering a dynamic work culture that prioritises client-centric values and encourages innovation among its employees. With a strong commitment to professional development, employees benefit from opportunities to grow within a supportive environment, all while being part of a prestigious firm backed by the Princely Family of Liechtenstein. Located in London, with additional offices across the UK, LGT provides a unique blend of stability and entrepreneurial spirit, making it an attractive choice for those seeking meaningful and rewarding careers in wealth management.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Monitoring Analyst in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like LGT Bank looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Monitoring Analyst in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at LGT Bank. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at LGT Bank
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with LGT Bank’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
