Compliance Risk Management Specialist
2 days ago
This Compliance Risk Management Specialist opportunity is a chance to contribute significantly to promoting a compliance and risk culture within the organisation.
As a key member of the Molo team, you will be supporting the Head of Compliance / MLRO with the effective implementation of a robust risk and compliance framework, ensuring adherence to regulatory requirements and internal policies.
Key Responsibilities:
- Support the risk and control assessment processes by collecting and organising data, performing risk assessments, root cause analysis, and helping to identify potential risks and vulnerabilities across the various business units.
- Maintain and update the risk register.
- Collaborate with all business areas to develop strategies and tactics for mitigating identified risks and enhancing the firm's overall risk management framework.
- Monitor and evaluate the effectiveness of the risk and compliance framework and policies, and recommend improvements as needed.
Compliance Responsibilities:
- Assist in the preparation, review and maintenance of company policies, compliance documentation and manuals, reports, and records.
- Horizon monitoring - keep abreast of changes in relevant regulations, industry standards and best practices.
- Provide review and approval of financial promotions ensuring compliance with Consumer Duty regulations and MCOB.
- Contribute to the development and delivery of compliance and risk training programs.
- Oversee the implementation and effectiveness of the annual training programme.
- Manage any Compliance queries that are generated by the organisation in a timely and accurate fashion.
- To provide SME compliance input into developments, including product launches, distribution and systems development.
- Contribute to the delivery of the Annual Compliance Monitoring Plan.
- Reporting to management on levels of Compliance Assurance and/or any risks and issues arising from specific monitoring activity.
Requirements:
- At least 3 years' experience in a risk and compliance capacity including some form of monitoring, checking or quality assurance, in the financial services sector.
- Sound knowledge of FCA, MCOB and financial crime regulation, including financial promotion approval.
- Strong analytical and problem-solving skills.
- Able to identify poor customer outcomes and make appropriate recommendations to drive change.
- Ability to work independently/self-supervised and as part of a small team.
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