Compliance Monitoring Analyst

Posted 15 September by Mulberry Recruitment
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Compliance Monitoring Analyst

Location : Fleet

Salary : £32,000 - £34,000 + bonus + benefits

My client who are based in Fleet are looking for a Compliance Monitoring Analyst to join their team. We are looking for candidates who have got experience in Mortgages and Compliance. On a daily basis you will be assisting the Compliance Assurance Manager in undertaking second line of defence activities, providing assurance that outsourced servicing operations are adhering to legislative, regulatory requirements and provide appropriate assistance. Responsible for undertaking Compliance Monitoring Reviews (CMRs) and quality assurance checks across the regulated mortgage businesses.

Daily Duties

Carrying out monitoring tasks as detailed in the annual Compliance Monitoring Plan to the prescribed schedule, format and quality.

Liaising with other business areas over scheduled Compliance Monitoring Reviews.

Carrying out second line quality assurance reviews and communicating any non-compliance, risk or concerns to the Compliance Assurance Manager.

Assisting in the resolution of compliance and/or quality assurance problems to completion with the relevant business area.

Maintaining a strong audit trail of observations made, conclusions reached and management responses.

Producing clear, intelligible Compliance Monitoring Review reports with minimal drafting errors.

Contributing to the provision of feedback on Compliance Monitoring Reviews and quality assurance checks to other areas of the business.

Producing MI relating to the completion of CMRs and the status of outstanding recommendations from previous CMRs.

Working with relevant business functions to ensure compliance control recommendations are implemented on time, and to a sufficiently high standard to mitigate compliance risk. Under the direction of the Compliance Assurance Manager, ensuring that regulatory changes are being logged and, where appropriate, tracked to completion.

Undertaking verbal and written communication with regulators, auditors, lawyers and other third parties under the direction of the Compliance Assurance Manager.

Collating and investigating data breaches, making recommendations whether or not they should be reported to the ICO.

Skill set

Undertaking Compliance Monitoring.

Mortgage servicing experience.

A good understanding of MCOB, CONC, data protection and money laundering regulations, and of associated regulatory expectations.

Stakeholder management skills.

Good Microsoft Office skills, including Excel, PowerPoint and Word.

Ability to prioritise and present findings in a clear and structured manner, both verbally and in writing.

Ability to identify trends from seemingly unrelated facts.

A strong attention to detail.

Reference: 43371433

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