Compliance Associate

at  Lane Clark Peacock

WHAT EXPERIENCE, QUALIFICATIONS AND SKILLS ARE WE LOOKING FOR?

• A Bachelors degree or equivalent qualification
• Previous experience in a compliance, quality assurance or audit role, ideally within a professional services, financial services, or another regulated environment
• Working towards or willingness to pursue a professional qualification in compliance is advantageous
• Familiarity with the Financial Conduct Authority (FCA) regulatory requirements for general insurance and economic crime frameworks is a plus
• Experience with Institute and Faculty of Actuaries Designated Professional Body regime or FCA regulatory requirements for investment business desirable
• Excellent communication skills, both oral and written
• High attention to details

WHAT’S THE ROLE?

This is an exciting opportunity to join LCP at a very exciting stage of our growth! Reporting to the Chief Risk & Compliance Officer (CRCO) and Head of Compliance you will provide support and assistance in the day-to-day operation of the Compliance function at LCP.

WHAT WILL YOUR RESPONSIBILITIES BE?

As set out below your duties will be wide ranging and varied. Responsibilities will cover policy and procedures, regulatory change, monitoring, advisory, AML, reporting, training and communication, external relations and compliance processes.

• Assisting the Head of Compliance with the implementation of compliance policies, procedures and systems
• Monitoring for regulatory change, including FCA and IFoA websites, HMT and external regulatory newsletter to assess impact of future changes
• Supporting in implementing any new requirements
• Day-to-day monitoring as set out in the compliance monitoring programme
• Monitoring that agreed remedial action is completed in a timely manner
• Assisting with undertaking internal compliance reviews
• Assisting with review/approval of marketing/promotional materials, communications, modellers and websites to ensure compliance with regulatory requirements
• Monitoring new client take-on procedures to ensure appropriate AML and conflicts checks have been undertaken, documented and a signed appointment letter is in place
• Other monitoring activities including commission received for departments clients is processed in accordance with business procedures, Corporate Entertainment and Gifts requests are recorded and dealt with in line with company procedures
• Support with answering day-to-day compliance queries
• Keeping up to date with relevant regulatory requirements to provide support, advice and guidance across the business
• Checking/verifying that AML verification/documentation undertaken by teams for new clients is adequate
• Ensure appropriate initial and ongoing sanctions checks are undertaken
• First point of contact for dealing with AML queries from the business
• Assist with drafting and preparation of reports for senior management and external regulatory bodies as appropriate
• Ensuring audit trails of figures and data used in reporting are in place
• Ensuring all new joiners have completed on-line regulatory training in a timely manner
• Liaise with external training providers to ensure appropriate refresher training is in place and undertaken by all partners and staff
• Maintain an appropriate training/communication/continuous professional development programme
• Support the Head of Compliance where required relating to the management of external relations, including with the IFoA, FCA, external auditors and other regulators
• Processing declarations and requests relating to Fit and Proper requirements and Personal Account Dealing, as well as undertaking periodic analysis of Gifts and Corporate Entertainment records