Compliance Monitoring Analyst London

LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey based clients. Our head office is based in London however we have a presence in Edinburgh, Jersey, Leeds, Birmingham and Bristol. The plan was simple: put our clients first by providing a transparent service, designed around what is right for each of them. By drawing together in-depth knowledge and experience from across the industry, we provide a flexible, bespoke service adapted to each of our clients’ needs.
Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector. We have over £29 billion in funds under management and circa 700 staff.

Business Unit:

The role of the Compliance Team is to establish, implement, maintain and monitor on behalf of the Firm’s Governing Board and Management Board, adequate policies and procedures sufficient to ensure the Firm’s compliance with its obligations under the regulatory systems in which it operates and to counter the risk the Firm may be used to further financial crime.  In addition, the team provides support to new business initiatives and advises on day to day issues which may arise.

Brief Role Objective:

To assist in the execution of the testing required as part of the Firm’s annual Compliance Monitoring Plan (“CMP”).   

Key Responsibilities:

• To assist in the execution of the testing required as part of the Firm’s annual CMP.  This will involve carrying out testing independently or with the Head of Compliance Monitoring. 
• Testing is carried out in accordance with the CMP and so has strict deadlines attached which must be maintained to allow prompt reporting. 
• To continually suggest improvements to the design and content of test scripts. This should be driven by past experience, previous test results in areas with regulatory focus, changes to internal systems, new businesses, staff turnover or customer complaints.
• To assist the Head of Compliance Monitoring to carry out testing by gathering data, documents and other Management Information as required. 
• To write up findings/recommendations, agree responses with the area under review and present the findings/recommendations as part of the CMP Report. 
• Properly record all recommendations and actions resulting from reviews undertaken and pro-actively chase these until resolution.
• Provide ad-hoc support to the wider team as required.

Key Skills and Technical Requirements:

• Good understanding of the wealth management business, gained through similar role/s.
• Good knowledge of the FCA Handbook and other relevant sources of regulation. 
• Ability to keep up to date with, analyse, and interpret relevant regulatory requirements and developments and where appropriate link those developments to the CMP.
• Minimum 1-2 years’ experience, ideally within monitoring.

Other Skills and Attributes:

• Motivated and conscientious with strong interpersonal skills.
• Excellent organisational skills, including the ability to prioritise and meet deadlines.
• The ability to produce well-structured accurate (in terms of technical knowledge, grammar and spelling) written communications.
• Ability to question politely but firmly to obtain accurate answers to questions asked as part of any testing undertaken.
• The ability to work both independently but as part of a team, both in terms of the team and with other colleagues throughout the Firm.
• Team player who supports other members of the wider Legal and Compliance team.

IT: 

• Proficient in the use of Microsoft Excel, Word.
• Experience in using Microsoft Power BI is an advantage.
• Experience of using FCA reporting portals is an advantage.