Job Information

Internal Audit / Compliance Associate
Financial Services, City of London

We are seeking a professional and enthusiastic, hardworking Internal Audit and Compliance Associate to join the Head Office team of our clients who are a highly regulated and fully compliant, high integrity wealth manager and custodian, looking to introduce a new internal testing and checking regime.
They currently have two CF10 compliance officers (one of whom is a solicitor), covering retail and institutional, and although this will start as a support role the intention is to recruit a candidate who can become a qualified manager within 2 to 3 years and operate an independent department following a 2 to 3 year training programme.

Responsibilities
• Undertaking internal audit checks and compliance monitoring reviews to ensure the company adheres to policies, procedures and regulatory requirements
• Prepare correspondence, deal directly and promptly with routine compliance matters
• Work closely with external auditors on regulatory and statutory work
• Undertake all compliance filing and record keeping
• Identifying and monitoring compliance risk areas in the business and to initiate corrective action for avoidance of future breaches
• Take initial responsibility for complaint handling in line with FCA guidelines and regulations
• Keep a record of all institutional contracts and contract amendments
• Be the main resource keeping track of general terms and conditions, reporting to in-house lawyer
• Liaise with managers and directors on contract drafting etc
• Responsible for updating CASS resolution pack and DRP every month
• Prepare monthly internal audit and compliance report
• Compliance monitoring and updates on company website
• Review all product offerings for compliant approach
• Review sales compliance for in-house and appointed representative staff

Skills
• Advanced Excel skills and high level of Word skills
• Appreciation of risk management and sampling methods in financial services
• Ability to prioritize workload and meet deadlines
• Fast learner, flexible in approach
• Robust and able to address issues requiring confrontation

Personal requirements
• Graduate with a good degree, probably in law or accounting, or a suitable academic subject
• At least 2 years` experience within either a professional (probably top 10) audit firm or financial services / bank compliance department, or FCA, FOS or FSCS background, or a law firm and ideallyy some management experience
• Experience from a legal or auditing background is preferable
• Proven ability to study as we will expect the successful candidate to have potential to be a regulated compliance officer under the Senior Manager regime within 3 years (equivalent to CF10)
• Study and career development support will be offered to a candidate who passes probation and is willing to make a long-term commitment.
• Ability to grasp quickly technical understanding of CASS 6/7 and COBS FCA rules
• Literate : the ability to understand contracts and technical jargon, and make sense of complex phraseology
• Well spoken, well presented and personable.


Salary in the region of £40,000 to £45,000 however is negotiable for the right candidate