Compliance Monitoring Analyst
Salary: c. £34,000 per annum
Hours: 35 hours per week
Contract: Permanent
Location: Hybrid (Office: West Bromwich)
Here at the West Bromwich Building Society we are all about making a you-shaped career. We understand it’s not always easy juggling your career with all the important things outside of work. But with the right opportunities and support we can help you build a career that works for you.
We have a fantastic opportunity for someone looking to join us as a Compliance Monitoring Analyst. As a Compliance Monitoring Analyst you will assist the Compliance Monitoring Manager and the Head of Compliance & Money Laundering Reporting Officer in providing the Society with a compliance monitoring function as a 2nd line of defence, carrying out control testing, Customer Outcome/Journey testing and T&C scheme/Quality Assurance Monitoring across a number of first line regulated activities.
A key part of the role will be to provide feedback to stakeholders regarding the design, implementation and effectiveness of controls, T&C schemes and Quality Assurance programmes to ensure good customer outcomes are delivered by the Society as part of effective legal & regulatory (compliance) risk management.
What the role will look like:
* Perform control tests, Customer Outcome Testing, T&C scheme and Quality Assurance checks against a range of Regulatory Risks as part of the implementation of the Compliance Monitoring Plan.
* Provide effective feedback to business stakeholders regarding the identification of risks and the design, implementation and effectiveness of controls, T&C schemes and Quality Assurance activities .
* Provide recommendations to enhance risk management and ensure compliance with relevant regulations (including Consumer Duty Customer Outcome Requirements).
* Recommend additions to the Compliance Monitoring Plan to ensure Regulatory Risk and Consumer Duty obligations are effectively managed.
* Analyse and interpret a range of internal and external information (such as risk universe data and regulatory requirements).
* Identify risk trends.
* Prepare and issue monitoring reports to business areas where a second line activity as taken place.
* Ensure outstanding actions are completed by the relevant business areas.
What you will bring to the role:
* The ability to apply control testing /compliance monitoring/customer outcome testing methodology across a range of regulated activities.
* The ability to multi-task as deadlines require several activities to be carried out at the same time and often with competing priorities.
* Good analytical and assessment skills.
* Excellent social and communication skills and the ability to establish close and co-operative working contacts throughout the business including Senior Management.
* Ideally have risk analyst/compliance monitoring experience
* Have previous experience in general financial services quality assurance.
* A relevant IFS/ICA qualification or a willingness to work towards achieving such a qualification would also be desirable.
We Value a diverse range of skills and experiences here at the West Brom. So even if you don't meet every single requirement listed in the job description but are passionate about the role, we still encourage you to apply.
What's in it for you:
* We pride ourselves on our development opportunities and always look to promote from within wherever possible,
* Holiday starting at 175 hours (25 days) plus bank holidays that grow with your time with us and the opportunity to buy or sell up to 5 days holiday each year,
* 2 paid volunteering days a year,
* Living Pensions: Pension scheme starting at 5% contribution from you and 7% contribution from us, and we’ll match your further contributions up to 10.6%
* Enhanced maternity, paternity and adoption leave with paid fertility treatment, neonatal and pregnancy loss leave,
* Life assurance provided by the Society at 4 times your salary,
* Yearly performance related pay scheme and pay review,
* Private medical insurance that’s discounted when your time with us grows, with the option to include family members,
* Salary Sacrifice Electric/Hybrid Car Scheme,
* A Perkbox account – giving you 24/7 access to perks, benefits, discounts, wellbeing tools and loads more!
* And much more, from flexible working options, wellbeing support and a whole heap of warm West Bromness.
Why choose the West Brom?
At the West Brom we appreciate that our employees are unique individuals with differing needs depending on their specific circumstances and stages in life. When we say our people are the West Brom’s biggest asset that doesn’t mean just viewing them as employees. We’re proud of our heritage and absolutely believe that the West Brom is a great place to work. Our employers are the heart of bringing our new vision to life- where our customers and communities own a more secure future. Everyday, through the work they do together and the care they show, they’re helping turn that vision into real and lasting.
We’re a Disability Confident Leader and encourage disabled applicants and all from diverse backgrounds to apply. We’ll do what we can to adjust our recruitment journey and offer a guaranteed interview to disabled applicants who meet what we’re looking for. If you need any support with applying to one of our roles, get in touch at careers@westbrom.co.uk.
Do it today and click apply!
*Please note – We reserve the right to withdraw our adverts earlier than the original published expiry date, therefore if you are interested please submit your application as soon as possible*
Head Office: 2 Providence Place West Bromwich B70 8AF. www.westbrom.co.uk The West Brom is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Register no. 104877. ‘the West Brom’ is a trading name of West Bromwich Building Society.