At a Glance
- Tasks: Assist in executing the Compliance Monitoring Plan and suggest improvements to test scripts.
- Company: The role is within a firm focused on compliance with regulatory systems and financial crime prevention.
- Benefits: Opportunity to work closely with the Head of Compliance Monitoring and support new business initiatives.
- Other info: Proficiency in Microsoft Excel and Word is required; Power BI experience is advantageous.
- Why this job: Join a team dedicated to maintaining high compliance standards in wealth management.
- Qualifications: Minimum 1-2 years’ experience in a similar role with knowledge of the FCA Handbook.
The predicted salary is between 30000 - 40000 £ per year.
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 so has strict deadlines attached which must be maintained to allow prompt reporting.
- To continually suggest improvements to the design and content of test scripts. This should be 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.
Your profile
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 (in terms of technical knowledge, grammar and spelling) 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 but as part of a team, both in terms of the team and with other colleagues throughout the Firm.
- 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 is an advantage.
- Experience of using FCA reporting portals is an advantage.
Compliance Monitoring Analyst employer: LGT Group
This firm prioritises compliance and risk management in wealth management. Located in a dynamic financial hub, it offers opportunities for professional growth and collaboration within a dedicated Legal and Compliance team. Employees benefit from a supportive environment focused on continuous improvement.
