Compliance Associate - Bedford, United Kingdom - BSS RECRUITMENT

BSS RECRUITMENT

Verified Company

Bedford, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Compliance Business Support Associate - Bedford

£21k for 6months work. £42k pro rata

ROLE PURPOSE:

The jobholder will work within the Compliance Function's Business Support Team. The Compliance Business Support Team will act as the Compliance Function's interface with business units of the Operating Entity.

The team will also be responsible for the on-goingdevelopment and maintenance of the Operating entity's second line of defence systems, controls, policies and procedures in relation to Financial Crime, Sanctions and Data Protection, taking into account any changes in regulatory requirements or the OperatingEntity's business model or processes.

The jobholder will report directly into a Compliance Business Support Compliance Manager.

However, the job holder will contribute and provide support to each of the Compliance Managers within the Compliance Business Support Team in order for the team tomeet its objectives and deliver its plan, in particular, ensuring an effective and efficient delivery of compliance support to the business.

The job holder shall also be assigned responsibilities for the delivery of specific and discreet projects and activities.

KEY ACCOUNTABILITIES:

Inputs into Plans/Strategy

Works closely with the Compliance Business Support Managers to determine own work priorities and activities in line with agreed objectives to ensure the achievement of the Annual Compliance Plan.
Works closely with the other Compliance Function Teams, to ensure the coordination of deliverables.
Participates in specific initiatives/projects to conduct research, review and consider more effective controls, particularly in relation to Financial Crime, Sanctions and Data Protection.
Ensures the timely completion of allocated tasks, activities and projects. Provides support in the development of relevant management information to the Business Support Compliance Managers, the wider Compliance Function and to Senior Management.
Interacts regularly with the first and second line (Compliance) monitoring functions to determine whether or not Compliance Business Support related metrics are suitably designed and incorporated.

Technical

Review and approval of financial crime and sanctions matters escalated to second line of defence for review and approval
Review and approval of payments that pose a higher financial crime risk
Initial Appointed Representative and Introducer regulatory risk assessments and consideration of additional resources and controls required
Initial review and regulatory risk assessment of new third party service provider arrangements.
Review and approval of final responses to complaints (as well as assessment of root causes)
Review and support in relation to escalated breaches
Review and approval of financial promotions and marketing material
Provides ongoing advice with regard to data protection related requirements relating to client communications and marketing
Review and support for any entity set up queries raised via the Security team
Provides support to the business in implementing the principle of "data protection by design" and to review "Data Protection Impact Assessments"