Compliance Analyst

To support the growth of the firm and its upcoming application for FCA authorisation, we are looking for a Compliance Analyst who can support the Compliance Team on regulatory compliance, risk and financial crime requirements. You will be based in our Leeds office

You will report to the Compliance Specialist and work closely with the other members of the Compliance Team in meeting the needs of the business.

You will be fully supported in your development within the team and firm, through training with experienced team members and support for any relevant professional qualifications.

Key Accountabilities

The following list represents our initial expectations for this role, but note that the responsibilities may evolve over time, as the individual integrates into the team and the full scope of FCA requirements are known.

• Regulatory compliance - Support the Compliance Specialist to ensure that the firm meets its regulatory obligations as set out in the DPB Handbook - the firm is currently authorised to provide regulated activities under a DPB licence, which has been granted by the Institute and Faculty of Actuaries (IFoA). The firm is also required to comply with the UK's financial crime regulations, including the Money Laundering Regulations 2017 (as amended).



• FCA application - If the firm is approved for FCA authorisation, support the Compliance Specialist to ensure that the firm meets its regulatory obligations as set out in the FCA Handbook.



• Regulatory developments - Support the Compliance Specialist to identify amendments to legislation and regulations (DPB and FCA) that may impact the firm. This may involve summarising consultation papers and policy statements.



• Client verification - Work with the Compliance Specialist to oversee the firm's client and supplier verification process, which includes being the first point of contact for the Client Verification Team for queries and escalations in the ID&V process, monitoring high risk jurisdictions, sanctions checks, maintaining the PEP Register and overseeing the ongoing due diligence process for clients and suppliers.



• AML / KYC requests - Assist in the provision of firm information and documentation to suppliers as part of their client verification processes.



• Authorised Advisors - Assist in approving new authorised advisors and reviewing existing authorised advisors.



• Internal monitoring - Assist in the completion of compliance monitoring reviews as defined in the firm's 'Compliance Year' Plan, which assesses the firm's compliance with the DPB handbook. If the firm becomes FCA authorised, assist in the completion of compliance monitoring reviews in line with FCA Handbook obligations.



• Internal reporting - Assist in the completion of management information relating to compliance and financial crime processes.



• Communications - Assist in the preparation of a quarterly compliance newsletter (issued firmwide), 'bitesize' compliance-related reminders and reporting to the Management Board (currently in the form of a quarterly dashboard).



• Training - Assist in delivering compliance training to colleagues, through online courses and face-to-face sessions.



• Other - You may be required to contribute to other areas of work that includes (but is not limited to) the firm's processes relating to: complaints, Suspicious Activity Reports (if required), personal account dealing, gifts and entertainment, data protection, the firm's risk register, and active/inactive clients.
  
  We are looking for a compliance professional with 1 - 3 years' experience of FCA requirements and/or financial crime knowledge within a financial services environment. Individuals who have worked within pensions and/or an IFA firm will be preferred.


This role will suit someone who is comfortable working independently to achieve agreed deliverables and is also capable of working well with others to help build and embed a strong compliance culture across the business.

An individual who can demonstrate strong organisational skills and an ability to maintain clear communications with colleagues, will be highly valued.

First Actuarial has been around since 2004, when a small group of like-minded actuaries came together to bring fresh thinking to pensions consultancy. Two decades later, we're celebrating our 20th anniversary and it's never been a better time to be part of First Actuarial. Following last year's 20% revenue increase, our strong growth path has continued into this year, and we now employ around 450 people in the UK.

We're still an independent business with no chargeable hours targets, giving our people the time to deliver their best work and excel. We shape our high-quality services by listening closely to our clients' needs. And we price those services fairly.

As we develop our business, prospects for our people grow. Our Basingstoke, Leeds, Manchester, Peterborough, London and Tonbridge offices provide supportive work environments where everyone can make a difference. We enjoy work and celebrate our successes. And we provide support and helpful feedback, so we all learn and improve.

We love numbers, but we love people more. Staff wellbeing and work-life balance have always been core values. Beyond the firm, we're known for our integrity. We're happy to challenge conventional thinking and speak up.

We'll actively support you as you build your career - and reward you for doing so. At every level of seniority, we offer:

• A competitive remuneration package, including bonus and profit-sharing payments


• Private health insurance, life insurance and income protection insurance


• 25 days annual leave as standard, increasing with length of service, an extra day at Christmas, plus bank holidays and the option to purchase additional holidays


• A non-contributory pension


• Full training and study support.


We have hybrid working in place for colleagues who prefer home-working for part of the week. We're also flexible on working day arrangements and will happily accommodate a range of personal commitments from day one.

Our straightforward, interview-based approach to recruitment ensures equal opportunities for all applicants.

Please note that we can only accept candidates who have a permanent right to work in the UK.