Rothesay is a UK insurance company purpose built to protect pensions. We are the largest specialist pension insurer in the UK, managing over £62bn of assets and securing pensions for over 830,000 people. We secure pensions for over 170 pension schemes and insurers including British Airways, Post Office, ASDA, National Grid, Telent and Aegon.

At Rothesay, we are striving to transform our industry. We are defined by our absolute focus on security, real-time risk management, and the meticulous approach to everything we do. We believe deeply in creating real security for the future and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigour. Rothesay is a rewarding place to work, where quality people can thrive and prosper. We pride ourselves on the connections our people build, many of whom have been with us for over ten years.

Job title:          Compliance Monitoring

 

Job Responsibilities:

 

Rothesay always strives to do the right thing. We have high ethical values, and expect precision and excellence in everything we do.

We have set rigorous Compliance Standards that we use to measure our culture and conduct. The Compliance Standards support the Compliance Function to proactively identify, monitor and mitigate conduct risk.

The overarching purpose of the role is to ensure that Rothesay and its people adhere to our Compliance Standards, and that Compliance takes decisive action where required to maintain the

conduct and culture we expect.

 

Responsibilities

You will be responsible for:

  • ensuring robust Compliance monitoring, particularly in relation to the Consumer Duty;
  • making decisive and pragmatic recommendations for action;
  • providing MI on monitoring outcomes
  • providing support to Rothesay’s Employee Compliance (‘EC’) processes and other ad-hoc tasks;

 

Compliance monitoring

We provide our stakeholders with evidence-based assessment of whether or not business procedures, processes and controls are designed well and operate effectively. We principally do this through surveillance, Compliance monitoring and business attestations. Individually and collectively these activities test business arrangements against the Compliance Standards and applicable regulatory requirements and expectations in those areas we identify as presenting the greatest risk.

In summary, you will be responsible for:

  • Researching and scoping for monitoring reviews. This includes both for existing monitoring reviews as well as creating new monitoring reviews which cover the Consumer Duty
  • Undertaking fieldwork on monitoring reviews
  • Drafting monitoring reports which summarise findings
  • Working with key stakeholders on recommended actions and tracking them until completion
  • Providing MI and other reporting on monitoring outcomes
  • Working collaboratively with Compliance colleagues on broader thematic reviews
  • Employee compliance processes

 

Employee Compliance Processes and Other General Responsibilities

You will:

  • Assist with Rothesay’s EC processes, including but not limited to Personal Account Dealing, CBT Training, Gifts and Entertainment, charitable contributions and personal conflicts of Interest/Outside Activities
  • Assist with the processes and administration around compliance training
  • Assist in the investigation of and reporting of Compliance breaches
  • Assist with the team with other Compliance priorities

 

General

The role-holder should play an active role in the Compliance Function and the activities it carries on to meet its operational objectives.

Specifically, we expect you to:

  • Provide decisive, independent support to the business on current and prospective conduct risks, themes and issues impacting Rothesay
  • Both through your defined responsibilities and more generally, driving a positive, conduct-focused compliance culture at all levels of the business
  • Provide input into the Compliance Function’s analytical framework and annual planning process
  • Ensure you remain competent for the work you do, and proactively manage your professional learning and development, maintaining at least 15 hours’ CPD in a calendar year.

 

Skills and Experience

Required:

  • Undergraduate degree with 2:1 or equivalent grade.
  • Minimum of 1 years of relevant experience in a similar compliance role
  • Ability to comfortably manage multiple work streams at the same time
  • Demonstrable expertise with PRA and FCA requirements and expectations
  • Strong personal commitment to the highest ethical standards and exceptional customer outcomes
  • Experience working in a high-profile financial services environment
  • Expertise consulting with and advising internal stakeholders around regulatory frameworks.
  • Project delivery experience
  • Demonstrable commitment to diversity, inclusion and making a real difference in the communities we live and work in

 

Preferred:

  • Retail conduct experience, with particular focus on consumer outcomes and customer vulnerability
  • Good understanding of the Consumer Duty
  • Broad experience across multiple functions or divisions within a Financial Services company or international professional services advisory firm.

 

Competencies

Our overarching Compliance competencies are integrity, enterprise and judgement.

  • Technical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate analytical skills
  • Drive and Motivation – Be a self-starter; successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
  • Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients and service providers, helps the client to identify/define needs and manages client/business expectations
  • Teamwork – Demonstrate evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
  • Communication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
  • Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues
  • Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
  • Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations

 

 

Disclaimer This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties, but to describe a position level.  The role shall be performed within a professional office environment. Rothesay Life has health and safety polices that are available for all workers upon request.  There are no specific health risks associated with the role.

 

Inclusion

Rothesay actively promotes diversity and inclusivity. We know that our success depends on our people and that by nurturing a culture that values difference, we create a stronger, more dynamic business. We welcome applications from all qualified candidates, regardless of race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability or age.

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