Audit & Compliance Monitoring Officer

Department: Risk and Compliance

Employment Type: Permanent - Full Time

Location: Pune

Description

• Monitoring and assurance oversight for the Group
• Advisory compliance to business stakeholders
• Guidance and support to strengthen the control environment, including policy framework
• The Audit & Compliance Monitoring Officer will primarily assist the Audit and Monitoring Manager with the effective operation of the Audit & Compliance Monitoring Framework to ensure all legislative, regulatory and policy requirements are met.
• Providing support in the maintenance of the control environment, you will work in unison with the other Compliance Officers and members of the Group Risk Team where there is a cross-over of responsibilities in order to ensure optimum efficiency and effectiveness of the Risk function.

Key Responsibilities

• Assist in the development, enhancement and delivery of the Group Compliance Monitoring and Assurance Plan (CMP) 
• Support the Audit and Monitoring Manager to provide quarterly updates and reporting to the Head of M&A Compliance & Group Governance on levels of Compliance arising from specific monitoring. 
• Proactively review and evaluate business management information, and where necessary investigate trends to establish if focused monitoring activity is required. 
• Prepare and produce Terms of Reference for Thematic Reviews 
• Carry out thematic monitoring reviews in line with the CMP and production of high-quality reports and recommendations.  
• Completion of quality assurance spot checks throughout the Group along with relevant management information and reports. 
• Investigating breaches and making recommendations for resolutions. 
• Providing advice and guidance to the business on necessary actions to achieve compliance, addressing issues arising from monitoring reports through to resolution. 
• Maintaining a robust audit trail of observations, conclusions and management responses. 
• Ownership and maintenance of the Compliance Audit and Monitoring Actions Tracker 
• Provide regular reporting ensuring stakeholders are informed of risks. Including development of appropriate KPIs & metrics. 
• Work with the wider Group Governance Team to ensure awareness of risks and issues across each of their relevant business areas. 
• Develop and maintain strategic relationships with key stakeholders across the Group in order to promote Compliance culture. 
• Providing general Compliance support to other Group Compliance Team members and the Head of Group Compliance as and when required.  

Skills, Knowledge and Expertise

• Minimum 3 years of relevant experience within an audit or monitoring role in an FCA, SRA or equivalent regulated environment
• A combination of higher education and industry and/or role specific qualifications e.g., CII Diploma in Insurance
• Teamwork – the ability to engage with all members of the team and to work together effectively 
• Good knowledge of the insurance industry / UK regulatory environment
• Good knowledge & understanding of Compliance policies & procedures 
• Excellent stakeholder management and interpersonal skills, with the ability to deliver in a fast-paced and challenging environment
• Excellent written and verbal communication skills; including the ability to communicate with technical and non-technical users
• Flexible approach and attitude to finding solutions to challenging situations
• Strong planning and organisation skills, with the ability to react to business needs & risks, and producing material in a timely manner