Job Details

Risk and Compliance Monitoring Officer

Knutsford, Cheshire East, United Kingdom, £30,000 , Permanent

Posted: 18 hours ago


Risk and Compliance Monitoring Officer

The Risk and Compliance Monitoring Officer provides first line support and advice to the Society to ensure it meets its regulatory requirements and that compliant business processes are maintained.

This role falls within the Risk and Compliance function which is led by the General Counsel and Company Secretary. You will report to the Senior Risk and Compliance Manager.

Risk and Compliance Monitoring Officer Responsibilities:

Monitor the UK regulatory landscape (consultation papers, policy statements etc.) to identify the impact of change on the Society and assist in making suitable recommendations to the business.
Deliver the annual Compliance Monitoring Plan, by undertaking the agreed compliance audits throughout the year and reporting on key findings to the Risk and Compliance Committee.
To fully participate in the Risk and Compliance function and to provide or contribute to monthly reports as requested.
To assist the Senior Risk and Compliance Manager in the collation and reporting of risk information.
Provide day to day compliance advice to the business to support a range of key business projects and back-office processes so that regulatory requirements are met.
Review and approve the Society's member communications and other financial promotions in accordance with FCA, PRA, and other relevant regulations.
Assist the Society in implementing recommendations from internal audit reports.
Undertake quality assurance reviews on calls which have been monitored by the Operations team to ensure the Society operates in a compliant manner.
Provide reports to the second line to highlight any areas of weakness.
Promote and enhance the risk and compliance culture within the Society, to ensure customers are treated fairly and receive appropriate outcomes.
Provide a hands-on approach to assist the business in achieving its objectives.

Risk and Compliance Monitoring Officer Requirements:

Possess an understanding of PRA and FCA rules to include experience of the FCA Handbook requirements of PRIN, SUP, SYSC, ICoBs and DISP.
Have a basic understanding of the principles of risk management.
Have an ability to provide constructive feedback and challenge in a 1st line capacity.
Possess proven IT skills and the ability to create and maintain audit trails.
Be able to prepare reports and make recommendations.
Have good stakeholder management and networking capabilities.
Have a minimum 5 years' Compliance experience gained in a UK insurance or financial services environment.
Have previous experience in the UK General Insurance sector
Possess knowledge of the Professional Indemnity Insurance market.
Possess knowledge and understanding of non-advised sales processes.
Be able to promote a positive compliance culture.
Be able to develop positive working relationships with all VDS colleagues.


Possess an awareness of UK Anti-Money Laundering regulations
Have knowledge of the wider financial services industry.
Have ability to create and deliver presentations to audiences with basic financial services knowledge.
Have experience of working as part of a team.
Be a self-starter, ability to prioritise workload and manage evolving business needs.
Cheshire location with easy access to the motorway network

This role is subject to a satisfactory DBS and credit check.

About The Veterinary Defence Society (VDS):

The Veterinary Defence Society (VDS) is a mutual insurance company, established in 1865 and run by experienced veterinary surgeons on behalf of the veterinary profession, which:

Insures the vast majority of the practising profession against the effects of claims of negligence
Ensures that each case is handled by a veterinary colleague experienced in claims management
Defends reputations and finances against unjustified claims and offers compensation when appropriate
Includes cover for negligence resulting in human injury
Provides legal representation at criminal and disciplinary hearings
Offers advice and guidance to members, through training, Newsletters and other helpful publications.

We are an equal opportunities employer. We encourage applications whatever your background - be it educational background, disability, gender, age, sexual orientation, race, religion or belief.

No external agencies please.

Location: Haig Court, Knutsford, Cheshire
Type: Full time, Permanent
Salary: £30,000 per annum
Hours: 35
Benefits: We offer Competitive salary, Generous holiday entitlement, Non-contributory individual pension,

You may have experience of the following: Compliance and Risk Officer, Risk & Compliance Manager, Compliance Manager, Risk Manager, Compliance Officer, Senior Compliance Officer, Regulation, Legislation, Data Protection Officer, Data Protection Manager, Financial Services, Insurance, AML, KYC, etc.

Ref: 98432

Job Details

Knutsford, Cheshire East, United Kingdom