Compliance advisory officer

Employer
Morgan McKinley
Location
London, United Kingdom
Salary
Competitive
Posted
Aug 12, 2022
Closes
Aug 27, 2022
Ref
16346876
Job Function
Compliance/Regulatory
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Summary
  • London
  • Permanent
  • BBBH824819
  • Aug 10, 2022
  • Competitive

Job Description
A British-American multinational insurance advisor company is looking to further expand its large compliance function and require a compliance advisory officer with financial promotions experience

The business

The aim of the compliance function is to support the business to generate sustainable value, helping the company to deliver good client outcomes, manage its conduct, protect against regulatory risk, and to maintain strong regulatory relationships. Within the business's internal control system, we form part of the Second Line of Defence, as a function independent from daily business activities.

This function leads the management and co-ordination of all compliance policies and procedures, identifying applicable regulatory requirements and assisting in implementing relevant processes to enable standards to be met. It also provides guidance and training. It monitors compliance with regulatory obligations and implemented controls. The compliance team also leads the management and co-ordination of the requirements of our global regulators.

The role
  • Support horizon scanning for regulatory developments and reporting any new or proposed regulation or legislation that may impact the Relevant Business to relevant business and Compliance stakeholders.
  • Provide compliance approval under specific control frameworks, e.g. Financial Promotions, Gifts, Entertainment & Hospitality, third party relationships, and/ or marketing materials.
  • Support analysis of performance data and Monitoring findings to identify potential weaknesses in internal controls.
  • Support assessing whether policies and procedures, systems and controls fully address the specific regulatory or compliance strategic requirements applicable to the Relevant Business.
  • Support the closure of Compliance owned actions and supporting the closure of regulatory recommendations following internal/external audits.
  • Identify compliance training needs for Gifts Entertainment and Hospitality, Financial Promotions and Third Parties, within the Relevant Business.
  • Provide technical regulatory advice and support to the Relevant Business and other stakeholders in understanding their responsibilities and obligations under relevant policies and regulatory requirements.
  • Engage with operational areas to assist with formulating compliance best-practice procedures that are balanced to meet the needs of the business, the customers and regulators.
  • Responsible for supporting the escalation of material issues, incidents and breaches to relevant business and Compliance leadership and other functions, e.g. Legal and Risk.
  • Foster close relationships with other Functions including Legal, Risk and Internal Audit.

The requirements
  • Strong experience of Financial Promotions related to insurance and/or pension products
  • Proven experience working within the insurance, investments or employee benefits market
  • Good knowledge of the FCA regulatory environment and controls
  • Good knowledge of industry practices
  • Excellent communication skills, verbal and written
  • Must be a strong team player with good interpersonal skills and actively contributes in meetings
  • Organised and methodical

The benefits
  • Market-related and competitive base salary
  • Great benefits
  • Unrivalled pension contributions
  • Hybrid working
  • Good work/life balance
  • Friendly team
  • Exciting work and clients
  • Clear career progression opportunities
  • Strong work culture

To discuss this role further, please reach out to Pippa Campbell on pcampbell@morganmckinley.com or 020 7092 0133.

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.
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