Regulatory Compliance Officer
Posted 2 weeks ago by Michael Page
£700 Per day
Undetermined
Undetermined
City of London
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- 6 Month Contract Rolling
- Competitive Day rate
About Our Client
Insurance firm based in the City
Job Description
- Keep abreast of regulatory and legislative changes and assisting in advising on the impact of any applicable FCA Consultative Papers, Policy Statements, Rule changes and any other guidance/ requirements relating to the UK regulatory environment and financial crime, in particular sanctions.
- Maintain knowledge of on-going changes in legislation, policies, procedures and practices in the EU and in other related geographies, identifying how these changes will impact the business.
- Undertake enhanced due diligence and screening checks as part of the take-on of new business entities, researching various sources of publicly available data via the
- Internet and purchased software in order to be satisfied the entity can be traded with.
- Review, investigate, authorise or escalate alerts raised as a result of sanction screening.
- Proactively communicate issues which may impact policies; business processes; management and compliance risk management controls.
- Assist with the development, documentation and maintenance of their Financial Crime policies and procedures, ensuring that the requirements of external legislation and regulations (e.g. FCA, Lloyd's legislation, Money Laundering/Proceeds of Crime, Data Protection) are appropriately incorporated.
- Provide sanctions advice and guidance to the business in a timely manner.
- Monitor business activity against their sanctions policies and procedures to identify incidents of non-compliance, investigating and responding as appropriate and assisting in the provision of management information to the business units and Compliance Committee.
- Support the advisory role provided by the department by responding to queries and issues from business units and overseas entities, principally from internal sources, relating to licensing requirements.
- Assist, where required, with the preparation of information requests from the FCA and Lloyd's (and any other relevant regulatory or legislative body).
- Assist, where required, in the undertaking of regulatory risk assessments across the firm, and determine the on-going adequacy of systems and controls.
- Assist, where required, with the preparation of timely and accurate meeting packs, registers, reports and notifications for the Company relating to regulatory policy, sanctions and high risk screening.
- Perform assigned responsibilities as delegated routinely or from time to time.
- Adhere to and meet fully the expectations of teh firm, as set out in its policies and procedures, training material, and embedded in its systems and controls. Our policies and procedures are written to encapsulate the compliance, legal and financial crime related legislation and regulations which apply to them.