Legal

Local Compliance Officer

Not Specified

Local Compliance Officer

Location – London, Croydon

Rate – £264 a day (via umbrella company)

Contract – 6 months

Our financial services client is currently seeking Support Specialists to join their team in the London office/remote working, this contract will initially be for 6 months.

The purpose of the Local Compliance Officer is to advise and assist the business to meet compliance policy standards. In order to achieve this, the LCO must be fully integrated into the business, providing hands on, practical advice and support in relation to regulatory developments, compliance with statutory and regulatory rules and internal policies and procedures.

Scope of responsibility:

to provide advice and assistance to the business to ensure that global, regional, and local compliance standards and policies are met.
to advise the business on new and existing products from a Compliance perspective.
to attend meetings e.g., risk, audit, product development, conduct etc., as agreed by the local office, regional management, and UK Compliance Manager.
to oversee first line of defence compliance activities carried out by the business.
to identify and review compliance risks across the business.
to provide induction, refresher, and ad hoc Compliance training, as required.
to monitor the level of compliance with local regulatory requirements and with internal policies as agreed with the UK Compliance Manager.
to provide support to the Compliance Manager UK as and when required.
to report any issues that require immediate escalation to the UK Compliance Manager.
to complete the annual Compliance Risk Assessments for the UK.
to conduct Sanctions Screening and Oceanwide Marine Cargo referrals.
To review and investigate potential sanction matters referred to Compliance Advisory and escalate as required.
to assist with data analytics enquiries.
to produce and provide management information to the UK Compliance Manager as required.

Knowledge & Experience / Qualifications

Experience & Qualifications Required:

Comprehensive understanding of local regulatory requirements and internal policies.
Insurance, Compliance, Legal and/or Auditing skills or background required.
Proven analytical skills.
Ability to explain technical rules in an easy-to-understand manner.
Strong communication skills to deal with all levels of staff across the business.
Previous training experience would be an advantage.
IT literate.
English fluency.

Accountabilities for the role:

to advise and assist the business on understanding and implementing compliance policies and procedures.
to work within agreed decision-making standards, limitations, and authorities.
to comply with key regulatory and risk management responsibilities.

Employment Type Permanent

Advertiser Type Agency