Working hours: 35 hours per week, Monday to Friday

Duration: Permanent

Location:  Gloucester

Job ref: 201396

About the role

We have a fantastic opportunity for a Group Compliance Monitoring Officer to join our Group Risk and Compliance function based in our Gloucester office.

You will be responsible for managing and overseeing compliance monitoring reviews within and across all UK based SBUs within the Benefact Group, also executing monitoring reviews as required. Providing assurance to senior management that the business is operating within regulatory parameters, as defined by the regulatory bodies relevant to each SBU (primarily FCA).

This a thoroughly rewarding opportunity to make an impact within an organisation that gives all available profits to charities and good causes.

Key responsibilities

• To deliver compliance monitoring activity as detailed within the Group Compliance monitoring plan, covering the end-to-end process from scoping, fieldwork, issue agreement, producing and issuing reports
• To contribute to the development of the annual Group Compliance monitoring plan in line with the Group Compliance monitoring methodology
• To liaise with stakeholders for each review allocated in order to facilitate the necessary access to people / systems / paperwork to enable testing to be conducted
• To discuss with Group business units where actions are required to correct or improve documents / procedures / practices / controls / etc. to ensure the business becomes / remains compliant with relevant rules and that customer outcomes are positive, agreeing action owners and appropriate target dates for those actions to be completed
• Monitor actions arising from Group Compliance monitoring activities to their conclusion, ensuring that business units have taken all action required of them to prevent reoccurrence of the finding
• Contribute to Group Compliance reports to senior management on the status of Group Compliance monitoring, including progression against the Group Compliance monitoring plan, summaries of final reports produced during the period and number of overdue actions arising from Group Compliance monitoring activity
• Undertake annual and periodic reviews of the Group Compliance monitoring methodology
• To oversee the delivery of monitoring activities undertaken by external 3rd parties on behalf of the Group, including regular touch points and tracking of annual budget

Knowledge, skills and experience

• Proven experience in a role engaged in a regulatory environment involving monitoring and assurance activity
• Proven competence across one or more of General Insurance, Investment Management, Funeral Planning and/or Broking and Advisory services in the UK
• Interpersonal skills suitable to interact with stakeholders at all levels
• Report writing skills

We will also consider applicants with relevant and transferable financial services experience outside that shown above, who are looking to develop a career in compliance.

What we offer

• A competitive salary - Let's discuss it
• Flexible working 
• Competitive Group Personal Pension - up to 12% employer contribution
• Annual Bonus scheme up to 30%
• 28 days annual leave plus bank holidays 
• A holiday buy and sell scheme 
• An array of health and wellbeing benefits, including private healthcare, income protection and life assurance

About us

We are a unique financial services organisation, owned by a registered charity, Benefact Trust. We are a financially secure, professional and award-winning organisation. We pride ourselves in donating a significant proportion of our profits to good causes. To find out more about us and our fantastic achievements please visit https://benefactgroup.com/

Committed to making a difference

We think that people are looking for something worthwhile in a company beyond the workplace. Our employees are encouraged to take at least one day a year to help a charity of their choice, offering practical and professional support, as part of our MyGiving programme.

Our staff know how to work hard but also how to enjoy themselves! We pride ourselves on creating an appropriate work-life balance, valuing wellbeing, flexibility and being part of a team.