Job Description
Title:
Reports To:
Overtime Status:
Senior Compliance Monitoring
Officer
Head of Compliance & Risk
Not applicable
Pay Grade:
Benchmark Job:
Job Code:
Revised By:
United
Kingdom
Description
D J Ogden
24/09/2014
An integral role with the primary objective to conduct second line of defense, risk-based
monitoring activity, across all areas of the business, in line with regulatory requirements, internal
guidance and client requirements.
This is a Supervisory to provide direction, support & development to the Compliance Monitoring
Officer
Principal Responsibilities

Responsible for the delivery of second line of defense risk-based monitoring against both the
short and long term compliance plans

Responsible for implementing a Compliance Monitoring strategy in line with business
objectives

Transferring expertise, supporting and giving direction to the Compliance Monitoring Officer

Provide recommendations for continuous improvement to Head of Compliance & Risk

Communicate with key members of the Senior Management Team in relation to Compliance
Monitoring activity

Input into the Annual Compliance Monitoring Plan

Oversee supplier audits/due diligence in accordance with Company and Client service level
agreements, and the Company’s monitoring plan

Conduct regular and structured compliance monitoring of specified review areas and identify
reportable issues

Appraise adequacy of internal controls and systems

Make recommendations on process changes in order to enhance regulatory compliance and
SLA adherence

Determine through thorough testing the level of adherence to company, client and regulatory
requirements

Preparing reports and present findings to management and key stakeholders

Maintain internal control systems by updating monitoring frameworks
Page 1 of 3
2/18/2016
Job Description

Liaising with Client auditors and internal management to facilitate an effective external audit
process

Review and provide documentation to support external audit processes

Conduct regular 1-2-1s and review personal development plan for the Compliance
Monitoring Officer
Skills, Experience & Attributes




Experience of working in a monitoring environment, developing and delivering robust risk
based compliance monitoring
Experience of working within an FCA regulated role
Good knowledge and understanding of FCA requirements, DPA, OFCOM, FOS and LSB
A good communicator, both written and verbal, with proven experience of communicating
with members of the Senior Management team, or the ability to demonstrate confidence in
this area

Pro-active, considered and systematic approach in order to deliver accurate reviews of key
business processes

An eye for detail, an analytical approach and the ability to be objective are key skills required
for this role

A desire to learn, take on board feedback, work independently and as part of a team are all
essential attributes to progress within this role

Displays a genuine passion for compliance and a commitment to both personal development
and the development of the business

Conducts themselves with professionalism and objectivity
Scope


This is a supervisory role
Relationships:
o Internal - all departments.
o External – Clients
Work Environment

Office environment.
Page 2 of 3
2/18/2016
Job Description
Disclaimer
The preceding job description has been designed to indicate the general nature and level of work
performed by employees within this classification. It is not designed to contain or be interpreted
as a comprehensive inventory of all duties, responsibilities, and qualifications required of
employees assigned to this job. Employer reserves the right to modify this job description,
including by adding, removing, and altering job duties.
Page 3 of 3
2/18/2016