As a compliance monitoring associate you will assist in monitoring and assessing the compliance of the Wealthtime Group with relevant laws, regulations, and internal policies. Working closely with the wider compliance team to ensure that the Wealthtime Group operates within the boundaries set by regulatory authorities and maintains a strong compliance culture.
The role holder will support the Compliance team to maintain a sound and robust compliance framework appropriate to the Wealthtime Group.
This role is on an initial 12 month Fixed Term Contract basis.
Key Responsibilities:
Conduct regular and ad-hoc compliance monitoring reviews to evaluate Wealthtime Group’s compliance with relevant laws, regulations, and internal policies.
Identify and assess compliance risks, including regulatory, operational, and reputational risks, and develop appropriate monitoring plans to address these risks.
Collaborate with business units and other stakeholders to ensure compliance with applicable laws, regulations, and industry best practices.
Review and analyse regulatory changes and industry developments to assess their impact on Wealthtime Group’s monitoring program.
Prepare comprehensive compliance monitoring reports, highlighting findings, recommendations, and areas for improvement, and present them to senior management and relevant committees.
Monitor the implementation of corrective actions and recommendations resulting from compliance monitoring reviews and regulatory inspections.
Stay updated on emerging trends, regulatory changes, and best practices in compliance monitoring within the financial services industry.
Create and comment on compliance assurance MI that feeds into the Compliance Officer’s Board Reports.
Foster a culture of compliance and ethics throughout the organisation by promoting awareness and understanding of compliance obligations.
Specialist Skills, Qualifications and Experience:
Essential:
Robust experience in a compliance monitoring role within the financial services industry in a 2nd line compliance role. Relevant business qualification e.g., Certified Regulatory Compliance Manager or CISI Compliance Diploma.
In-depth knowledge of relevant laws, regulations, and industry best practices, such as AML, KYC, MiFID, GDPR, and other applicable regulations.
Strong understanding of financial products, services, and operations within the financial services industry.
Proven experience completing risk-based compliance monitoring programs.
Excellent analytical skills with the ability to identify and assess compliance risks and develop appropriate monitoring plans.
Strong communication and interpersonal skills to effectively collaborate with stakeholders at all levels of the organisation.
Detail-oriented with the ability to conduct thorough reviews and produce accurate and comprehensive reports.
Ability to work independently and manage multiple projects simultaneously, meeting deadlines and delivering high-quality work.
Proficient in using compliance monitoring tools and software.
Strong ethical standards and a commitment to maintaining confidentiality and integrity in handling sensitive information.
Self-motivator.
Strong IT skills (particularly Excel and other MS Office applications).
Desirable:
Similar role held in a Wrap Platform business.
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