Oversight and Assurance Officer - Financial Crime Operations
Wealthtime
Date: 13 hours ago
City: Bath, England
Contract type: Full time
About Us
At Wealthtime, we take pride in our role as a multi-award-winning financial technology company, known for our outstanding 5-star service platform. Our journey is guided by our shared values and behaviours: 'Seek Opportunity', 'Nurture Each Other' and 'Simply Get Going.'
With new ownership since 2021 and significant investments of over £17 million, Wealthtime is on an exciting path of growth. Our team, consisting of approximately 300 dedicated individuals, is at the heart of our journey, and we welcome you to join us as we continue to make our mark in the industry.
About The Role
This role sits within the Financial Crime Operations Team. The Oversight and Assurance Officer plays a crucial role in ensuring Wealthtime’s compliance with regulatory requirements by supporting Wealthtime’s first line of defence responsibilities. You will be instrumental in supporting the first-line function, helping to document and enforce compliance across the Business. The role involves acting as a key point of contact for ensuring that relevant regulations are adhered to.
This role will be on an initial 12 month fixed term basis.
Key Responsibilities
Regulatory Compliance and Investigations
About You
Specialist Skills, Qualifications and Experience:
Competitive Compensation: We offer a competitive salary that reflects your skills and contributions.
Hybrid Working: Enjoy the flexibility of a hybrid work model, balancing the comforts of home with the camaraderie of the office.
Yearly Discretionary Bonus: Look forward to a yearly discretionary bonus as a token of appreciation for your dedication.
Generous Holiday Package: You'll receive 34 days of holiday per calendar year, including bank holidays. Plus, we offer the option to purchase or sell up to 5 additional days per year, tailoring your time off to suit your needs.
Wellbeing at Heart: We understand the importance of your well-being, which is why we offer a Wellbeing day, allowing you to take a break when you need it most, whether it's for your birthday, moving house, or simply pampering yourself.
Professional Growth: We're committed to your professional development and will support and encourage your career advancement.
Comprehensive Health: You and your family's health is a priority for us. We provide a Private Medical scheme that can be extended to full family coverage, an Income protection scheme, and a Life assurance scheme.
Financial Security: Prepare for your future with our Group contributory pension scheme.
Travel with Ease: We offer interest-free season ticket loans to help with travel costs.
Giving Back: You can participate in our Wealthtime Foundation Day to support charitable activities.
Opportunities for Growth: We actively promote internal progression, so your journey with us can take you from agent to team leader and beyond.
Recognition Matters: Our excellent in the moment recognition scheme ensures your hard work is acknowledged and celebrated.
Wealthtime is an equal opportunities employer that places high value on a diverse and inclusive workplace. We recognise that people work in different ways, appreciate alternative viewpoints, celebrate individuality, and cultivate a culture where everyone can be their authentic selves at work. We are deeply committed to fostering a diverse workforce and welcome applications from individuals of all backgrounds, beliefs, cultures, gender identities, ethnicities, sexual orientations, abilities, and long-term health conditions.
At Wealthtime, we take pride in our role as a multi-award-winning financial technology company, known for our outstanding 5-star service platform. Our journey is guided by our shared values and behaviours: 'Seek Opportunity', 'Nurture Each Other' and 'Simply Get Going.'
With new ownership since 2021 and significant investments of over £17 million, Wealthtime is on an exciting path of growth. Our team, consisting of approximately 300 dedicated individuals, is at the heart of our journey, and we welcome you to join us as we continue to make our mark in the industry.
About The Role
This role sits within the Financial Crime Operations Team. The Oversight and Assurance Officer plays a crucial role in ensuring Wealthtime’s compliance with regulatory requirements by supporting Wealthtime’s first line of defence responsibilities. You will be instrumental in supporting the first-line function, helping to document and enforce compliance across the Business. The role involves acting as a key point of contact for ensuring that relevant regulations are adhered to.
This role will be on an initial 12 month fixed term basis.
Key Responsibilities
Regulatory Compliance and Investigations
- Complete initial KYC & KYB checks on clients and advisers.
- Verify the legitimacy of Business entities by researching ownership structures, beneficial owners, and associated individuals.
- Execute rectification duties as needed, ensuring prompt and accurate resolution of issues.
- Monitoring outcomes provided to Clients, ensuring adherence to established processes and identifying any potential risks.
- Assess outcomes across the distribution chain, escalating any instances of poor performance or non- compliance.
- Evaluate the fairness of value provided to customers by all participants in the distribution chain.
- Analyse MI to monitor compliance with internal and regulatory requirements among Business partners.
- Conduct oversight reviews and quality assurance (QA) of outcomes delivered, ensuring consistency and high standards.
- Manage and deliver findings from assessments, including customer notifications where necessary.
- Serve pro-actively as a consumer advocate within the Business, ensuring customer-centric decision-making
- Serve pro-actively as a consumer advocate within the Business, ensuring customer-centric decision-making.
- Collaborate with compliance functions to maintain consistency in compliance messaging
- As this is a new role, additional responsibilities may be assigned as the role evolves and becomes increasingly established.
About You
Specialist Skills, Qualifications and Experience:
- An interest in developing a career in financial regulation and working knowledge of Consumer Duty.
- Data analysis skills with the ability to identify trends and insights from complex data sets.
- Proficiency in MS Excel and other MS Tools
- Strong attention to detail with the ability to work independently and under pressure to meet tight deadlines.
- Flexibility and strong prioritisation skills, allowing you to adapt to changing Business needs.
- Background in investments and/or DFMs, with involvement in oversight, onboarding or distributor-related activities.
Competitive Compensation: We offer a competitive salary that reflects your skills and contributions.
Hybrid Working: Enjoy the flexibility of a hybrid work model, balancing the comforts of home with the camaraderie of the office.
Yearly Discretionary Bonus: Look forward to a yearly discretionary bonus as a token of appreciation for your dedication.
Generous Holiday Package: You'll receive 34 days of holiday per calendar year, including bank holidays. Plus, we offer the option to purchase or sell up to 5 additional days per year, tailoring your time off to suit your needs.
Wellbeing at Heart: We understand the importance of your well-being, which is why we offer a Wellbeing day, allowing you to take a break when you need it most, whether it's for your birthday, moving house, or simply pampering yourself.
Professional Growth: We're committed to your professional development and will support and encourage your career advancement.
Comprehensive Health: You and your family's health is a priority for us. We provide a Private Medical scheme that can be extended to full family coverage, an Income protection scheme, and a Life assurance scheme.
Financial Security: Prepare for your future with our Group contributory pension scheme.
Travel with Ease: We offer interest-free season ticket loans to help with travel costs.
Giving Back: You can participate in our Wealthtime Foundation Day to support charitable activities.
Opportunities for Growth: We actively promote internal progression, so your journey with us can take you from agent to team leader and beyond.
Recognition Matters: Our excellent in the moment recognition scheme ensures your hard work is acknowledged and celebrated.
Wealthtime is an equal opportunities employer that places high value on a diverse and inclusive workplace. We recognise that people work in different ways, appreciate alternative viewpoints, celebrate individuality, and cultivate a culture where everyone can be their authentic selves at work. We are deeply committed to fostering a diverse workforce and welcome applications from individuals of all backgrounds, beliefs, cultures, gender identities, ethnicities, sexual orientations, abilities, and long-term health conditions.
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