Compliance and Payroll Expert
1 month ago
This is an exciting opportunity to join Legal & General as a Compliance and Payroll Expert, responsible for leading the governance of large payrolls. The ideal candidate will have in-depth knowledge of payroll processes, pensions payroll legislation, risk management expertise, and experience governing over large payrolls.
About the Company
Legal & General is a leading financial services group and major global investor, named Britain's Most Admired Company in 2023. We aim to build a better society for the long term by investing our customers' money in things that make life better for everyone.
Job Responsibilities
The successful candidate will be responsible for monitoring payroll process and legislative compliance, coordinating risk event actions and analysis, and working closely with the CS Governance, Risk and Compliance teams. Key responsibilities include:
- Creating and managing auditing of annuitant payments, collaborating with the Head of Customer Payroll, Risk, Operational Governance, and Operational Tax representatives to create, monitor, and report on the health of payrolls from a compliance and risk perspective, both for the leadership team and for the control framework sign-off
- Identifying risk events within CS and working with assigned leads, using payroll and process expertise to advise and guide, ensuring processes are reviewed and updated, and relevant analysis is completed to agree on actions for successful closure of the event
- Embedding the principles of Conduct Risk into day-to-day operations to deliver good customer outcomes at all times, ensuring all business processes and internal controls within the role are designed and performed in a way that delivers good customer outcomes and demonstrates effective management of Conduct Risk
- Managing the analysis and coordination of actions required from start through to closure of a payroll risk event, attending regular regulatory and industry forums and events, bringing away best and common practice surrounding practical operations of complex legislation, with a view to embedding learnings within the teams
- Supporting colleagues by sharing knowledge and delivering training on processes to help maintain excellent customer service and quality standards within the department
- Managing transaction monitoring, ensuring it takes place, actions are agreed, monitored, and recorded/reported to protect both Legal & General and our customers from any financial loss
Requirements
To be successful in this role, you will need:
- In-depth knowledge of payroll processes
- Familiarity with pensions payroll legislation
- Risk management expertise
- Knowledge of payroll appropriate governance and controls
- Understanding of FCA regulations
- Intermediate Excel skills, including analysis
- Experience governing over large payrolls
- Ability to research complex legislation
- Auditing skills
- Proficiency in manual tax calculations
- Understanding of annuitant payrolls
- Involvement in compliance review/audit
- Coordination of risk event procedures
- Leadership experience: Minimum of 1 year in management or leading by example/managing activities
Salary and Benefits
We offer a competitive salary of £65,000 - £85,000 per annum, depending on experience, plus benefits including annual performance-related bonus plan, generous pension contribution, life assurance, private medical insurance (permanent employees only), and many more.
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