Compliance Monitoring Analyst

Business Unit

The role of the Compliance Team is to establish, implement, maintain and monitor on behalf of the Firm’s Governing Board and Management Board adequate policies and procedures sufficient to ensure the Firm’s compliance with its obligations under the regulatory systems in which it operates and to counter the risk the Firm may be used to further financial crime. In addition, the team provides support to new business initiatives and advises on day-to-day issues which may arise.

Brief Role Objective

To assist in the execution of the testing required as part of the Firm’s annual Compliance Monitoring Plan (“CMP”).

Key Responsibilities

• Assist in the execution of the testing required as part of the Firm’s annual CMP.
• Carry out testing independently or with the Head of Compliance Monitoring.
• Ensure testing is performed in accordance with the CMP and meets strict deadlines to enable prompt reporting.
• Continuously suggest improvements to the design and content of test scripts, driven by past experience, previous test results, regulatory focus, changes to internal systems, new businesses, staff turnover or customer complaints.
• Assist the Head of Compliance Monitoring in gathering data, documents and other Management Information required for testing.
• Write up findings/recommendations, agree responses with the area under review and present the findings/recommendations as part of the CMP Report.
• Properly record all recommendations and actions resulting from reviews undertaken and pro-actively chase these until resolution.
• Provide ad-hoc support to the wider team as required.

Key Skills and Technical Requirements

• Good understanding of the wealth management business, gained through a similar role or roles.
• Good knowledge of the FCA Handbook and other relevant sources of regulation.
• Ability to keep up to date with, analyse and interpret relevant regulatory requirements and developments, and where appropriate link those developments to the CMP.
• Minimum 1‑2 years’ experience, ideally within monitoring.

Other Skills and Attributes

• Motivated and conscientious with strong interpersonal skills.
• Excellent organisational skills, including the ability to prioritise and meet deadlines.
• Ability to produce well‑structured, accurate written communications (in terms of technical knowledge, grammar and spelling).
• Ability to question politely but firmly to obtain accurate answers to questions asked as part of any testing undertaken.
• Ability to work both independently and as part of a team, collaborating with other colleagues throughout the Firm.
• Team player who supports other members of the wider Legal and Compliance team.

IT

• Proficient in the use of Microsoft Excel and Word.
• Experience in using Microsoft Power BI is an advantage.
• Experience of using FCA reporting portals is an advantage.

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