Compliance Manager

Business area Risk and Compliance

Location London

Job ID

Location - London with hybrid working available

Salary range - 58,000 - 68,000 DOE plus bonus and benefits

Part-time applications welcome

LCP is an award-winning actuarial and analytics consultancy providing market-leading capabilities and advice across pensions and financial services, energy, health, and analytics. We use powerful analytics fused with human expertise to shape a more positive future. Due to continued growth, we now have an exciting new opportunity for a Compliance Manager to join our Risk & Compliance team in London.

LCP is an authorised professional firm, licensed by the Institute & Faculty of Actuaries for investment business and insurance mediation and authorised and regulated by the FCA for insurance mediation. You will support the Head of Compliance and Chief Risk and Compliance Officer in the effective day-to-day operation of LCP’s Compliance function. The role will deliver a broad range of compliance activity, including monitoring, regulatory change, financial crime prevention, reporting and investment-related compliance matters. The role holder will undertake research and analysis, prepare high-quality drafts of advice and other materials, and support presentations and engagement with the business, working with an appropriate level of supervision and senior review, escalating complex, sensitive or higher-risk matters as needed.

This is a developmental role for a compliance professional seeking to broaden their expertise and take on increasing responsibility over time. While there are no formal direct reports, the role will provide day-to-day guidance and support to Compliance Associates and other less experienced members of the team where appropriate. You will receive support and mentoring from senior members of the team, with opportunities to develop technical knowledge, judgement, stakeholder confidence. LCP is an authorised professional firm, licensed by the Institute & Faculty of Actuaries for investment business and insurance mediation and authorised and regulated by the FCA for insurance mediation.

Key Responsibilities:

Policy and procedures:

Assisting the Head of Compliance with the implementation, ongoing review and maintenance of compliance policies, procedures and systems to ensure they are, and remain, fit for purpose

Regulatory change:

Monitoring for regulatory change, including FCA and IFoA websites, HMT and external regulatory newsletters to assess impact of future changes
Supporting CRCO and Head of Compliance in designing and implementing policies and procedures for any new requirements

Monitoring:

Deliver day-to-day monitoring activity in accordance with the compliance monitoring programme
Plan and undertake allocated thematic, business-area and follow-up reviews, documenting work performed, findings and recommended actions
Maintain complete and up-to-date monitoring records, including evidence of the timely completion of agreed remedial actions
Coordinate and review monitoring activity undertaken by Compliance Associates where appropriate, providing day-to-day support and constructive feedback
Escalate significant findings, overdue actions and emerging risks to the Head of Compliance

Advisory:

Support the Head of Compliance and senior colleagues in responding to day-to-day compliance queries
Undertake research and analysis and prepares clear, high-quality first drafts of advice, guidance and other materials for review and sign-off by senior members of the Compliance team
Build and maintain a practical understanding of relevant regulatory requirements and knows when matters should be escalated

Investment-related compliance:

Support the Head of Compliance and senior colleagues on investment-related compliance matters, including regulatory research, monitoring, documentation and the preparation of draft advice and communications
Develop and maintain an understanding of the regulatory framework relevant to LCP’s investment-related activities, escalating matters where appropriate

Financial Crime Prevention:

Support the delivery of LCP’s financial crime prevention controls, including reviewing customer due-diligence and AML documentation, and ensuring initial and ongoing sanctions screening is undertaken. Assists with financial-crime queries from the business, escalating complex, higher-risk or sensitive matters to the Head of Compliance or other senior colleagues

Reporting:

Assist the Head of Compliance with the drafting and preparation of reports for senior management and external regulatory bodies as appropriate
Maintain a clear and appropriate audit trail for the figures, data and supporting evidence used in reporting

External relations:

Support the Head of Compliance, as required, in managing relationships with external bodies, including the IFoA, FCA, external auditors and other regulators

Essential experience and skills requirements:

Relevant compliance, regulatory or financial-services experience, with a number of years experience, depending on relevance and breadth of the experience
Experience of compliance monitoring, internal reviews, controls testing, regulatory research or reporting
Ability to analyse regulatory requirements and produce clear, well-structured written work
Sound judgement, with excellent attention to detail and an ability to identify when issues need escalating
Confidence working collaboratively with colleagues across different business areas
Ability to manage and prioritise a varied workload, deliver high-quality outputs to deadlines, and maintain clear records and audit trails

Desirable experience and knowledge:

Experience of investment-related compliance (asset management and/or institutional investment advice), investment-business regulation or regulated professional-services environments
Exposure to financial crime prevention, including AML, sanctions and/or related controls
Awareness of FCA and IFoA regulatory requirements
Experience reviewing financial promotions, websites, client communications or marketing materials

What’s in it for you?

Take a look at our and Career stories pages to see why our people love being here! As well as joining a multi-award winning, fun, collaborative, people first organisation where your personal and professional skills will be developed to make you the best you can be, we offer an attractive benefits package designed to promote your overall wellbeing so that you are able to perform to your full potential both in and out of work. Currently our core benefits package includes:

For you:

Professional study support (where applicable)
Access to our internal Wellbeing, LGBTQ+, Multicultural and Women’s networks

For your family:

Life assurance
Income protection
Enhanced maternity/paternity/adoption and shared parental leave

For your health:

26 days annual leave (pro-rata for part-time working) plus bank holidays (most of which can be taken flexibly!) with options to buy & sell holiday
Private medical insurance
Discounted gym memberships, critical illness and dental insurance through our flexible benefits
Eye care vouchers
Cycle to work scheme
Digital GP services

For your wealth:

Competitive pension scheme
Discretionary bonus scheme
High street discounts
Season ticket loans

For others:

Volunteering opportunities

For the environment:

Electric vehicle salary sacrifice scheme (qualifying period applies)

And much more!

We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation.

LCP is committed to making our opportunities accessible to all and would welcome you getting in touch to let us know if an adjustment can be made to help with your application. This may be extra time for assessments, pre-interview site visits, interview structure or questions, or asking us about building accessibility. Whatever it may be, please get in touch via our dedicated email address - to discuss how we can support you with your application.

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