Compliance Associate

Job description

Reports to - Senior Manager

Job summary:

The Compliance Associate will assist the Compliance Team in delivering a range of compliance solutions to its clients. The individual will need to demonstrate independence of thought, a willingness to challenge where appropriate, be able to work within a team and be pro-active.

Key Responsibilities:

• Keeping up to date with the FCA and Industry sources to assist with providing the firm with regular updates
• Assisting with reviewing and approving Financial Promotions
• Generating and reviewing MI on a regular basis, highlighting any trends with a course of recommended action to Management
• Undertaking check the checker role providing a referral point to newer colleagues
• Recognition and escalation of issues to appropriate consultant/management
• Compilation of reports on request
• Undertaking specific projects as required
• Assisting with Induction and Annual Assessment Training Courses
• Assisting with the AR take on process
• Providing general administrative support to the compliance team
• Assisting with the development of internal policies and procedures
• Maintaining/updating systems and databases
• This role is not limited to the above duties, due to the nature of the market you will need to be adaptable and open to change in this position

Competencies:

Behavioural

• Commercial Awareness: must be mindful of the commercial objectives of the firm when delivering compliance assistance
• Commitment & enthusiasm: should have a desire to see the firm succeed
• Embraces change: should be adaptable to the changing requirements of the regulations and be keen to develop new skills
• Communication skills: should be able to communicate openly and effectively, both internally and externally, in order to deliver the requirements of the regulations
• Personal Credibility: must be able to establish and maintain trusting relationships with others
• Team working: fosters effective and productive working relationships. Should be considerate to the needs and opinions of others.
• Individual working: must be able to work under own initiative identifying when referral needs to be made
• Pro-active - must actively seek other tasks if successfully completed one task.

Technical

• Technical skills: Intermediate MS Excel, MS Word and PowerPoint
• Problem Solving: demonstrates an ability to solve problems in a rational manner
• Application of regulation: must gain and maintain a detailed understanding of FCA regulation and be able to apply this to the business requirements of the firm
• Attention to detail: all work must be completed with the focus on quality
• Understanding: demonstrates an awareness of the immediate and the wider implications when applying regulation in practice
• Planning & organising: organises and plans effectively
• Time management: must be able to prioritise and manage time and tasks effectively; this includes a readiness to delegate where possible

Experience/Qualifications

• Relevant Financial services background and experience not essential but would be an advantage
• Educational attainment at degree level not essential but would be an advantage
• Demonstrable good standard of Maths and English literacy

Key Deliverables (Objectives)

• High, consistent accuracy and meeting the defined target in respect of the check the checker role
• Provides clear, consistent advice if referral made from newer colleague
• Completion of correct assessment of a financial promotion with limited support
• A high degree of accuracy in completing any documentation, especially client documentation
• Provides good, clear reports
• Demonstrates ability to manage and prioritise workload
• Keen to accept new challenges and committed to personal development including professional qualifications