Compliance Consultant
Red Recruitment is looking to recruit an experienced compliance consultant with previous pensions and investments experience and a good awareness of the UK regulatory environment.
The salary is up to £52,000 per annum; the successful candidate must have previous compliance experience.
Benefits and Package
- Salary: Competitive
- Hours: Full-time
- Contract Type: Permanent
- Location: Liverpool
- Generous Holiday Allowance
Key Responsibilities
- Complete scheduled monitoring reviews in a timely manner.
- Identify and investigate issues and/or trends which may adversely affect the businesses' ability to comply with applicable legislation and/or regulations.
- Produce compliance monitoring review reports for Senior Management.
- Follow up activities to ensure effective remediation of issues identified from the monitoring reviews and take responsibility for the delivery of agreed corrective actions and resolution of issues where appropriate.
- Maintain a close working relationship with other departments, particularly the Advising Sales Force, Guidance team, Legal, Investment Operations, Pensions Administration, Operations Control and HR teams.
- Manage the internal Complaints and Breaches mailbox ensuring all notifications are logged accordingly and escalated and dealt with in a timely manner.
- Log and track all firm breaches, ensuring that each breach is documented accurately, escalated and investigated in line with company procedures.
- Perform thorough investigations into breaches, identifying the causes and potential impact on the business.
- Work closely with relevant teams to implement corrective actions and prevent similar breaches from occurring in the future.
- Ensure appropriate compensation is calculated and applied where the issue has caused a monetary loss to an individual.
- Assist the Compliance Manager in creating a supportive culture based on continuous improvement and implementing Compliance throughout the business.
- Ensure all regulatory requirements are adhered to in the course of carrying out daily activities.
- Investigate and finalise complaints appropriately and in accordance with FCA DISP regulations.
- Conduct effective root cause analysis and identify root cause corrective action.
- Identify trends, look at root cause of issues and ensure recommendations in place to improve business processes.
- Make recommendations to improve processes to the business and ensure implementation.
- Co‑ordinate FCA Reporting, including liaising with the business to provide information on what is required for FCA reporting and timely reminders to ensure all filing is completed within regulator timeframes.
- Collate all relevant compliance regulatory information and upload to My FCA in preparation for the Compliance Manager's assessment.
- Maintain the internal Certificated Function register accurately to ensure governance, oversight, and MI reporting.
- Ensure all certificated regime employees have a valid Statement of Professional Standing (SPS).
- Produce regulated references as required.
- Produce MI for the monthly compliance board report.
- Keep up to date on changing industry legislation that impacts the business.
- Complete ad‑hoc project work as required to meet business needs.
- Be passionate about and demonstrate behaviours in line with the Company's ethos, vision and key principles.
Key Skills and Experience
- Experience in the Financial Service industry ideally with a pension and/or investment focus.
- Ability to understand and navigate the FCA handbook.
- Excellent communication skills at all levels, both verbal and written, including the ability to be discreet and confidential.
- Proficient in the use of MS Office and Intelligent Office.
- Able to work to deadlines with proven time‑management skills.
- Strong organisational and problem‑solving skills, and ability to adopt a logical approach.
- Thorough approach to work, with excellent attention to detail.
- Approachable and self‑motivated.
- Embraces change with a positive and flexible attitude.
- Ability to articulate solutions both internally and externally.
