We are a leading financial services company specialising in the 3rd party buy to let mortgage servicing sector and are seeking two Compliance Monitoring Analysts reporting into the Compliance Assurance Manager. The role would suit candidates with proven mortgage work experience, ideally post completion, who are now seeking a new challenge that can utilise their mortgage knowledge and allow you to develop your career within a compliance role. The Compliance Monitoring Analyst role is available due to our growth during 2020 and our plans to further develop the business during 2021. You will be working Mon to Fri 9am to 5pm with free parking, 25 days holiday, pension, healthcare, discretionary annual bonus up to 15% of salary and additional benefits with a salary of up to £34k.
The main job function is to Assist the Compliance Assurance Manager in undertaking second line of defence activities, providing assurance that outsourced servicing operations performed by the provider and overseen by the business. To ensure the Operations team adhere to legislative, regulatory requirements and provide appropriate assistance. Be responsible for undertaking Compliance Monitoring Reviews (CMRs) and quality assurance checks across the regulated mortgage businesses.
The job duties are as follows:-
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.
Supporting the Compliance Assurance Manager in monitoring and managing internal data protection activities including oversight of processes for complying with Data Subject Rights requests and data breaches.
Collating and investigating data breaches, making recommendations whether or not they should be reported to the ICO.
Providing technical Compliance advice to the business under the guidance of the Compliance Assurance Manager, including in support of remediation and regulatory change projects.
Supporting the Head of Compliance in maintaining an effective second line of defence over business activities, including by maintaining logs of regulatory correspondence, and by undertaking other ad hoc tasks as required.
You will ensure that Compliance assurance reports are accurate and completed within agreed timelines. Compile and collate Monthly progress reports and recommendations to be produced promptly as required.
To be successful as our Compliance Monitoring Analyst you should have proven mortgage post completion work experience and either be seeking a move into compliance or have already gained some compliance based work experience as part of a