Logo of Huzzle

Home

Matches

Explore

Manage

Compliance Monitoring Officer

image

M&G plc

Sep 21, 2024

  • Job
    Full-time
    Mid & Senior Level
  • Banking & Finance
  • Stirling
    Remote
  • Quick Apply

AI generated summary

  • You should have strong planning, communication, and analytical skills, attention to detail, compliance knowledge, and experience in risk-based monitoring within asset management. Degree-level education preferred.
  • You will conduct compliance monitoring activities, lead reviews, consult on scope, undertake testing, recommend actions for issues, draft reports, and build relationships with stakeholders.

Requirements

  • Good planning and organising skills, reflecting a proactive approach.
  • Strong written and oral communication skills.
  • Strong business intelligence and analytics skills.
  • Attention to detail.
  • Self-starter, high levels of initiative and a strong work ethic.
  • Team player, supportive with a collegiate approach.
  • An awareness and understanding of the wider business, economic, regulatory and market environment in which M&G plc operates.
  • Knowledge of the wider global financial services sector.
  • An understanding of Compliance Monitoring within a global asset management business.
  • Experience of contributing towards the delivery of risk-based Compliance monitoring plan or similar.
  • Good understanding of the regulatory frameworks that underpins the UK and International regulatory regimes applicable to asset management.
  • Educated to degree level, or equivalent qualifications/experience and/or professional qualification.

Responsibilities

  • Responsible for the delivery of high quality Compliance monitoring activities across the M&G business. Activities include regular testing plus thematic and desk based sample reviews to test both compliance with regulation / legislation and the delivery of fair customer outcomes.
  • Lead and assist reviews when required by the Compliance Monitoring Manager.
  • Consult with the Compliance Advisory teams and Risk teams to ensure that the selection, scope setting and approach to delivering reviews are planned and targeted effectively.
  • Complete review planning, taking into consideration regulatory requirements, breaches, complaints, Operational Risk MI and KPI information, as appropriate.
  • Undertake testing; recording monitoring testing, findings and agreed actions using the compliance monitoring workflow tool.
  • Responsible for ensuring that where issues are identified appropriate mitigating actions are recommended to the business and tracked through to completion.
  • Draft and issue of formal reports to the business.
  • Provide input to the compliance monitoring risk assessments.
  • Collate relevant data and MI on emerging business and regulatory risks in order for these to be incorporated into the Compliance advice and oversight provided to the business by the Compliance Advisory teams.
  • An awareness and understanding of the business priorities and expectations.
  • Develop strong collaborative relationships with internal stakeholders.

FAQs

What is the main purpose of the Compliance Monitoring Officer role?

The main purpose is to deliver high-quality compliance monitoring activities across M&G in an efficient and targeted manner, ensuring compliance with regulation and fair customer outcomes.

What are the key responsibilities of the Compliance Monitoring Officer?

Key responsibilities include conducting compliance monitoring activities, leading reviews, consulting with compliance advisory and risk teams, planning reviews, undertaking testing, and drafting formal reports.

What skills are essential for the Compliance Monitoring Officer position?

Essential skills include good planning and organizing abilities, strong written and oral communication skills, business intelligence and analytics skills, attention to detail, initiative, and teamwork.

What qualifications are required for this role?

Candidates should be educated to degree level or possess equivalent qualifications/experience and/or a professional qualification.

Is there room for professional development in this role?

Yes, the role offers opportunities for engagement with various teams and collaboration, which can facilitate professional growth and development in compliance monitoring.

How does the Compliance Monitoring Officer interact with other teams?

The officer develops strong collaborative relationships with internal stakeholders, particularly consulting with Compliance Advisory and Risk teams to ensure effective planning and delivery of reviews.

Is flexibility in working hours allowed for this position?

Yes, M&G considers flexible working arrangements and workplace accommodations to ensure employees can effectively deliver in their roles.

What kind of industry knowledge is expected for this role?

An understanding of the wider business, economic, regulatory, and market environment, particularly in the global financial services sector and compliance monitoring within asset management, is expected.

What is the level of experience required for the Compliance Monitoring Officer?

The position is targeted at experienced colleagues, indicating that a background in compliance or a related field is preferred.

Who should be contacted for further inquiries regarding the role?

Inquiries regarding the role can be directed to the recruiter, Helen Simons.

image

M&G plc

Finance
Industry
5001-10,000
Employees
1901
Founded Year

Mission & Purpose

M&G plc is an international savings and investments business, managing money for around 5 million retail customers and more than 800 institutional clients in 28 markets. As at 30 June 2022, we had £348.9 billion of assets under management and administration. Our purpose is to help people manage and grow their savings and investments, responsibly. With a heritage dating back more than 170 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. We serve our retail and savings customers under the M&G Wealth and Prudential brands in the UK and Europe, and under the M&G Investments brand for asset management clients globally.