Average Compliance Officer salary in the UK

A leading Chartered Wealth Management firm are looking for a Compliance Monitoring Officer to join the team. This position can be office based or fully remote for the right person. It offers a competitive salary, and a comprehensive benefits package. Compliance Officer Overview: As the Compliance Monitoring Officer, you will be responsible for reviewing advice files in line with agreed business standards as part of the company’s QA programme that safeguards the quality in our dealings with customers. You will feedback findings in a positive and constructive manner to the advice team. You will also provide general suitability guidance and act as a SME to the advice team. The Compliance Officer role will involve taking responsibility for the following. You will have excellent knowledge of the products and services offered by the company, knowledge of the UK financial market and sound knowledge of the FCA regulatory requirements.You will be required to maintain your knowledge by keeping up with any regulatory changes and updating training as required.Interpret, build upon, and comply with company quality assurance standards.Conduct both pre- and post- sale advice file reviews to ensure correct client outcomes are being achieved. This will involve the review of file documentation and advice calls.Feedback file review findings in a clear, constructive manner. Review rework until file can be signed off as demonstrating a positive client outcomeCarefully monitor non-conformance of company standards through records and tracking systems, including root cause analysis with recommendations of corrective actions to Head of Compliance.Document quality assurance activities with internal reporting and audits.Producing monthly report of QA activities and findings to the Head of Compliance.Assist in the development of new standards for the end-to-end customer journey.Help identify training needs and feedback to line managers for action to ensure company-wide compliance.Conduct call observations to ensure that there is no material detriment to the customer and high professional standards are consistent in the team.Identify any potential risks and bring these to the attention of the Head of Compliance. Compliance Officer Key Requirements: Be qualified to Level 4 Diploma Financial Planning (or equivalent) as a minimumPrevious experience of working within an FCA regulated environmentKnowledge of the various financial services products including Pensions and Investments

My client is based in Manchester and they are looking for a Compliance Monitoring Officer to join their team. The business operates a hybrid working model.The main purpose of the role is to provide a file review service to the clients of the business. The file reviews will mainly be for medium to large IFA firms.Duties Deliver a client file review service in line with Service Level Agreements Respond to client queries in a timely, clear and concise manner, setting customer expectations in respect of timescales anticipated, and recording information in line with business standards Provide oral feedback to clients in respect of client file reviews as required To report to the Head of Compliance any specific issues or concerns regarding any client firms which might realistically affect their ability to trade, or affect their ability to fulfil its commercial and contractual obligations to one another. Maintain a CPD record in line with FCA requirements for regulated individuals Generate reports and summaries of thematic reviews/file assessments as requested by the Head of Compliance Undertaking specific projects - e.g. review of SMCR arrangements, T&C scheme, Investment proposition, relationships with third parties etc. and providing written feedback and guidance Suitable candidate will have: A QCF Level 4 Diploma qualificationExperience in a compliance/technical area of a support service, network or IFA business. Detailed knowledge of regulatory framework required to carry out client file review Experience of providing feedback to IFAs in relation to client file quality or T&C issues Good communication skills verbal and written formats - for internal and external clients Attention to detail is a must What they offer in return: Hybrid working A competitive salary 27 days holiday (plus bank holidays)8% employer pension contribution, plus the ability to elect to make a personal contribution via salary sacrifice AVIVA Private Health Care Death in Service benefit (4 times annual salary) Income Protection Insurance Free parking A friendly, supportive and accommodating working environment For more information please contact me on or email: Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Who are Diligenta? Diligenta's vision is to be acknowledged as Best in-class Platform based Life and Pensions Administration Service provider. Customer service is at the heart of everything we do and our aim is to transform our clients' operations. A business that has been described as 'home' by existing employees, we drive a culture that is founded on positive change and development. Summary of the role Due to continual growth our Compliance and Governance function is now looking for a Compliance Monitoring Officer to join us on this exciting journey. This involves providing internal and external stakeholders with an objective view of the effectiveness of regulatory controls across the business by undertaking aspects of the Compliance Monitoring Plan. Benefits 33 days including Bank HolidaysEligibility for an annual discretionary bonus schemePersonal and career development opportunities to progress your aspirations within the company as well as through our global parent company (Tata Consultancy Services)Access to Perks at Work (an online discounted shopping platform) saving you money on a wide range of goods and services, including your weekly food shop, holidays and electrical goodsCycle to Work Scheme & Interest free Season Ticket loansA companywide Wellbeing programme, including an Employee Assistance Programme and other benefits/resources to support your mental/physical and financial wellbeingA comprehensive set of Moments that Matter policies, such as Carer's Leave, Foster Leave and Retirement LeaveA contributory company pension scheme where we match your contributions up to 6%, Group Life Assurance ('Death in Service") & Group Income ProtectionApply to find out about our other benefits What you'll be doing Undertaking allocated Compliance Monitoring assignments under minimum supervision to the required timescales and quality and in accordance with Diligenta's Compliance Monitoring Methodology.Agreeing appropriate and cost-effective remedial management actions with relevant colleagues to address reported findings and, therefore, to meet regulatory obligations and deliver TCF compliant customer outcomes.Tracking and reporting progress on remedial actionsEstablishing and continuously developing formal/informal communication networks and effective working relationships with key internal and external stakeholdersContributing positive ideas and experience to enhance the Compliance Monitoring methodology and professional working practices What we're looking for Have a good understanding of the regulated environment, including awareness of FCA (particularly Conduct Risk and TCF), DPA and AML requirements and other regulations relating to UK life and pensions business (e.g., HMRC and tpr)Understand business and how to develop a deep understanding of its needs, stakeholders and processes to ensure robust compliance.Can demonstrate strong influence skills and communication to develop connections across business units.Demonstrate examples of developing solutions and then implementing and monitoring them. If you need any help or adjustments for any stage within the recruitment process due to health, disability, or any other reason, please let us know. Ready to take the next step in your career? Apply today and become part of our innovative team!