Job description

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  • Location:
    London - 30 Gresham Street
  • Department:
    Compliance
  • Division:
    IBP Risk & Compliance
  • Employment Type:
    Full time
  • Salary:
    Competitive

Compliance Monitoring Officer (6786)

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch!

Description of role and key responsibilities

The IBP Compliance Monitoring function maintains a risk-based Compliance Monitoring Plan (CMP) designed to assess the adequacy of the firms measures and procedures put in place in ensuring compliance with applicable regulation and the delivery of fair outcomes to clients.

The team is responsible for providing assurance of the compliance environment at IBP (including subsidiaries) to the Head of Compliance and the Board through the execution of the CMP. It does this by undertaking reviews which involves the testing of systems and controls – Issues identified are presented formally in a report detailing the areas of weaknesses. The Compliance Monitoring Officer works with the relevant stakeholder in agreeing the remediation and works with them to ensure issue has been addressed.

Key Responsibilities
 Delivery of the annual CMP agreed at the Audit Committee through the execution of compliance monitoring reviews in a timely manner.
 To identify areas of regulatory control weakness within IBP and overseas subsidiaries and work with the relevant business and compliance advisors to remediate the weakness.
 Detailed sample testing to draw conclusion of the control environment.
 Draft and issue report setting out the residual risk rating and any issues identified following the review.
 Discuss queries and issues identified during the review with the relevant stakeholders in a timely manner and agree remediation where required.
 Work with the wider IBP Compliance Team to ensure the risk based compliance monitoring programme remains reflective of the regulatory and industry wide themes.

What core skills and knowledge do you need for role? 


Technical Knowledge
 Do you have previous experience working in Compliance or Internal Audit function, preferably gained in a UK bank?
 Good understanding of the UK regulatory framework.
 Good understanding of the FCA Handbook.
 Good commercial awareness and knowledge of banking products, services, markets, and processes.

Personal Attributes
 Excellent time management skills. Ensuring agreed deadlines are met and priorities managed.
 Multi-tasking and ability to manage a number of reviews or priorities simultaneously.
 Ability to work with a high degree of autonomy and initiative.

Relevant Skills
 Strong oral communication skills – communicating clear and concise findings with relevant stakeholders, often senior personnel including Executives.
 Strong written skills – drafting clear document requests, draft findings, and final reports.
 Strong negotiation skills – ability to discuss scope of review, interpretation of regulation and conclusion to testing to relevant stakeholders in a clear and reasoned manner.
 Excellent record keeping abilities in ensuring decisions are clearly documented and working papers are completed and maintained in a timely manner.

Any other attributes that would be helpful, but not essential for the role.
• Inquiring mind and desire to develop and learn for themselves
• Strong interpersonal skills when communicating with the business, Executives, and members of Compliance team.
• Good time management skills. Ensuring agreed deadlines are met and priorities are managed.

 


 
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Location
London - 30 Gresham Street
30 Gresham Street, London, England, GB, EC2V 7QN
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Meet the recruiter

Jess Sheehan

LinkedIn

We commit to ensure that everyone is fairly assessed during our recruitment process.

Let us know if you need any reasonable adjustments to complete your application.

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Benefits

Pension
Private Medical Cover
Virtual GP
Gym Discounts
Psychologist Service
Annual Leave
Life Assurance
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