Compliance Specialist

Job Description

Cradlefin Consultants are looking for an experienced Compliance Specialist to join the team. You’ll be responsible for providing risk based 2LoD compliance monitoring in accordance with the Compliance Plan, and whilst managing potential conflicts of interest, provide compliance advice to business units, helping to ensure that all activities are carried out within the regulatory framework. Using your knowledge and experience of the regulatory landscape and consumer duty expectations and requirements you’ll provide appropriate challenge and support to the business.

The benefits:

• Salary – up to £55,000
• Bonus scheme – on target bonus 10%
• Pension scheme – contribute up to 5% of your salary and Openwork will match you and put in an extra 5%
• Critical illness cover
• Income protection – 1x salary
• Death in service – 4x salary
• 25 days holiday + bank holidays, with the opportunity to buy up to an additional 10 days
• A range of other flexible benefits to include private medical insurance, dental insurance and much more.

Key Accountabilities:

• Supports the Risk and Compliance Director in the development and delivery of the risk assessment and Compliance Plan setting out an appropriate programme of risk-based compliance assurance activities
• Undertakes a variety of monitoring and assurance activities including compliance-based audits and risk assessments.
• Advises business areas, as appropriate, on recommended control improvements actions, driving ownership, accountability and timely completion of actions.
• Provides compliance consultancy to key stakeholders at all levels across the business to appropriately identify and manage conduct risk and support the continued development of a customer-centric culture
• Develops and maintains effective working relationships with first line operational management and key stakeholders
• Supports and pro-actively works with the Risk and Compliance Director to effectively manage and deliver FCA regulatory visits, requests and thematic reviews to a high standard, enhancing our relationship with the regulator.

Qualification/ Experience:

• Operational compliance experience in financial services industry, in a 2LoD capacity.
• Strong understanding and experience of 2LoD compliance monitoring techniques and regulatory requirements.
• QCF Level 4 or similar level of professional qualification to the role

Knowledge:

• Maintains up to date knowledge of the regulatory landscape and emerging industry risks
• Good knowledge of regulatory framework, particularly conduct risk and Conduct of Business Rules
• Working knowledge of data protection legislation and financial crime frameworks.
• Up to date knowledge of relevant FCA Handbooks e.g. COBS, T&C, SYSC, ICOB, MCOB
• Good market, risk and business awareness.

Skills and Competencies:

• Excellent oral/written communication, influencing, facilitation and negotiating skills
• Exceptionally well-organized, with a proven track record of maintaining detailed records and robust audit trails.
• Problem Solving, interpretation, decision making and judgement skills
• Excellent planning and organising skills
• A proficient user of Microsoft Office applications including as a minimum Word, Excel, PowerPoint and Outlook.