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For Companies At a Glance
- Tasks: Support compliance and risk services, ensuring adherence to regulations in a dynamic financial environment.
- Company: Join a leading financial services firm committed to regulatory excellence and client satisfaction.
- Benefits: Enjoy flexible working options, professional development opportunities, and a collaborative team culture.
- Why this job: Be part of a vital compliance team that shapes industry standards and enhances client trust.
- Qualifications: 3+ years in Financial Services, with compliance experience; strong communication and Excel skills required.
- Other info: Opportunity for growth and mentorship within a supportive compliance department.
The predicted salary is between 36000 - 60000 £ per year.
Reporting to: Head of Risk and Compliance
Job Mission:
Provide a Compliance and Risk service and support to both companies and employees to ensure all relevant activities adhere to all appropriate regulatory requirements. To support the Head of Compliance to ensure procedures and services delivered adhere to the regulations that apply to a regulated financial services business. Ensure all relevant regulatory requirements are met during operational practice including the FCA’s Consumer Duty, Conduct Rules and Principles. Engage with clients as appropriate to enhance OPAL’s service in the delivery of critical or important functions. Participate in and contribute to the compliance culture of the broader management group of the businesses.
Principal Job Objectives:
- Provide support to Head of Compliance in AML and Data Protection advice and guidance.
- Support the Head of Compliance in ensuring all regulatory returns are completed accurately and in a timely manner as per the Governance Schedule for both companies.
- Ensure all day-to-day business as usual compliance breaches and complaints handling support is provided in a timely manner for both companies.
- Act as a second line defence to identify and monitor risks and provide a feedback loop to Head of Compliance & Risk and the Operational Practice of both companies.
- Provide Induction and ad hoc compliance training and coaching.
- Support the Head of Compliance in meeting the Compliance Monitoring Plan in order to analyse the company’s compliance with regulatory requirements including FCA obligations, Data Protection, Fraud Prevention and measures, Consumer Duty Basic Principles and anti-money laundering.
- Support the Head of Compliance in maintaining OPAL’s and SFPL Breach Register, ensuring Breaches are reported and completed to a high standard and within the agreed SLAs.
- Support the Head of Compliance with OPAL’s complaint management service including maintaining the OPAL clients Complaint Register and providing support to the Complaints Team at point of escalation.
- Analyse the root causes of regulatory and procedural breaches and ensure that practical remedial actions have been taken to mitigate against future occurrence.
- Provide support to the Compliance Trainee in the operation of OPAL’s PEP and Sanctions screening tool to satisfy the regulatory requirements of OPAL’s clients.
- Support the Head of Compliance in the review and maintenance of the Compliance Manuals of both firms (OPAL and SFPL).
- Ensure all Compliance Procedures are up to date at all times.
- Support the Head of Compliance in any administrative, research and delivery from the Compliance department.
- Provide support to the Head of Compliance in the SFPL Oversight function with OPAL ensuring SFPL meets its obligations to monitor and oversee OPAL’s/SFPL outsource agreement.
Essential knowledge, skills and experience required at recruitment:
- Minimum of 3 years’ experience in Financial Services, preferably in the Investment and Life Protection sectors, with at least 1 year in the Compliance sector.
- Good interpersonal and communication skills and able to identify and build important strategic relationships internally and externally.
- Display sound and proportionate judgement.
- Display a commercial outlook.
- Advanced Excel skills and highly numerate.
- Experience of compliance monitoring, risk management and/or internal audit skills.
- Good inter-personal and communication skills and be a strong team player.
- Awareness of the FCA handbook and data protection.
Additional Knowledge required to become fully competent:
- Good understanding of administration and systems within the companies.
- Familiarisation with the Life, Protection, Investment products.
- Understanding of our Client Relationships and Contractual obligations.
- Proficient in use of Word, Excel, PowerPoint.
Assistant Compliance Officer employer: Outsourced Professional Administration Limited (OPAL)
Contact Detail:
Outsourced Professional Administration Limited (OPAL) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Compliance Officer
✨Tip Number 1
Familiarise yourself with the FCA handbook and the specific regulations that apply to the financial services sector. This knowledge will not only help you in interviews but also demonstrate your commitment to compliance and risk management.
✨Tip Number 2
Network with professionals in the compliance field, especially those who work in financial services. Attend industry events or join relevant online forums to build connections that could lead to job opportunities or valuable insights.
✨Tip Number 3
Consider obtaining additional certifications related to compliance and risk management. This can enhance your qualifications and show potential employers that you are serious about your professional development in this area.
✨Tip Number 4
Prepare for the interview by thinking of examples from your past experience where you successfully identified and managed compliance risks. Being able to articulate these experiences will set you apart from other candidates.
We think you need these skills to ace Assistant Compliance Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial services and compliance. Emphasise your skills in risk management, compliance monitoring, and any specific knowledge of FCA regulations.
Craft a Strong Cover Letter: Write a cover letter that directly addresses the job description. Mention your experience in AML, Data Protection, and your ability to support compliance functions. Show enthusiasm for contributing to the compliance culture.
Highlight Relevant Skills: In your application, clearly outline your interpersonal and communication skills. Provide examples of how you've built strategic relationships and displayed sound judgement in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A well-presented application reflects your attention to detail, which is crucial in compliance roles.
How to prepare for a job interview at Outsourced Professional Administration Limited (OPAL)
✨Know Your Regulations
Familiarise yourself with the FCA’s Consumer Duty, Conduct Rules, and Principles. Being able to discuss these regulations confidently will show your understanding of the compliance landscape and how it applies to the role.
✨Demonstrate Your Experience
Prepare specific examples from your past roles in financial services, particularly in compliance. Highlight your experience in compliance monitoring, risk management, and any relevant projects you've contributed to.
✨Showcase Your Interpersonal Skills
As this role requires building strategic relationships, be ready to discuss how you've successfully collaborated with teams or clients in the past. Use examples that demonstrate your communication skills and ability to work as part of a team.
✨Prepare for Scenario Questions
Expect questions that assess your judgement and decision-making skills. Think about potential compliance breaches or risk scenarios and how you would handle them, showcasing your analytical thinking and problem-solving abilities.
