Central Compliance Analyst New London

‘Rothesay’ is a UK insurance company purpose built to protect pensions. We are the largest specialist pension insurer in the UK, managing over £50bn of assets and securing pensions for over 800,000 people. We secure pensions for over 170 pension schemes and insurers including British Airways, Post Office, ASDA, National Grid and Aegon.

At Rothesay, we are striving to transform our industry. We believe deeply in creating real security for the future and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigour. Rothesay is a rewarding place to work, where quality people can thrive and prosper. We pride ourselves on the connections our people build, many of whom have been with us for over ten years.

Responsibilities

• Operating Rothesay’s Employee Compliance (‘EC’) processes and associated tasks.
• Be involved in the implementation of a new e-communications surveillance solution.
• Escalating and reporting employee compliance breaches to senior management.
• Carrying out monitoring activities such as validation and reconciliation exercises to provide assurance over key business and Compliance processes.

Employee Compliance Processes and Other General Responsibilities

• Operate Rothesay’s EC processes, including but not limited to Personal Account Dealing, CBT Training, Gifts and Entertainment, and personal Conflicts of Interest/Outside Activities.
• Preparing Management Information (MI) and reports on employee compliance and compliance breaches to Rothesay’s committees and senior management.
• Assist with the processes and administration around compliance training and attestations.
• Assist in the investigation of and reporting of Compliance breaches.
• Conduct monitoring of employee e-communications and escalate as necessary.
• Conduct thorough testing of new Compliance systems, such as an e-communications surveillance tool, and provide feedback to ensure the systems are fit for purpose.
• Assist with the team with other Compliance priorities.

Compliance Monitoring

We provide our stakeholders with evidence-based assessment of whether business procedures, processes and controls are designed well and operate effectively. We principally do this through validation and reconciliation exercises, surveillance, Compliance monitoring and business attestations. Individually and collectively these activities test business arrangements against the Compliance Standards and applicable regulatory requirements and expectations in those areas we identify as presenting the greatest risk.

In summary, you will be responsible for:

• Performing validation and reconciliation exercises to provide assurance over key business and Compliance processes.
• Working with key stakeholders on recommended actions and tracking them until completion.
• Providing MI and other reporting on monitoring outcomes.

General

The role-holder should play an active role in the Compliance Function and the activities it carries on to meet its operational objectives. Specifically, we expect you to:

• Provide support to the business on current and prospective conduct risks, themes and issues impacting Rothesay.
• Drive a positive, conduct-focused compliance culture at all levels of the business.
• Provide input into the Compliance Function’s analytical framework and annual planning process.
• Ensure you remain competent for the work you do, and proactively manage your professional learning and development, maintaining at least 15 hours’ CPD in a calendar year.

Skills and Experience

Required:

• Relevant experience in a similar compliance role.
• Ability to comfortably manage multiple work streams at the same time.
• Demonstrable expertise with PRA and FCA requirements and expectations.
• Strong personal commitment to the highest ethical standards and exceptional customer outcomes.
• Experience working in a high-profile financial services environment.
• Expertise consulting with and advising internal stakeholders around regulatory frameworks.
• Demonstrable commitment to diversity, inclusion and making a real difference in the communities we live and work in.

Preferred:

• Experience in operating, testing and refining Compliance IT systems.

Our overarching Compliance competencies

• Integrity, enterprise and judgement.
• Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate analytical skills.
• Drive and Motivation – Be a self-starter; successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks.
• Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients and service providers, helps the client to identify/define needs and manages client/business expectations.
• Teamwork – Demonstrate evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions.
• Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others.
• Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues.
• Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value.
• Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations.

Disclaimer

This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties, but to describe a position level. The role shall be performed within a professional office environment. Rothesay Life has health and safety policies that are available for all workers upon request. There are no specific health risks associated with the role.

Inclusion

Rothesay actively promotes diversity and inclusivity. We know that our success depends on our people and that by nurturing a culture that values difference, we create a stronger, more dynamic business. We welcome applications from all qualified candidates, regardless of race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability or age.