Risk Assurance Officer

Job Description

Risk Assurance Officer - Hybrid working availablePart of LSL Property Services plc, PRIMIS Mortgage Network are the largest Mortgage and Protection Network in the UK with some 950 firms as business partners and approaching 3000 advisors working alongside us.We are keen to recruit a Risk Assurance Officer (reporting to our Head of Risk Assurance) to join our large and highly experienced Compliance and Risk team.The role will be based out of our HQ site on the Birmingham Business Park in Solihull although we are more than happy with a combination of Office and Home Working (hybrid).Role Purpose

• Lead Risk Assurance monitoring reviews with support and oversight from the Head of Risk Assurance and Senior Risk Assurance Officer, to support the Risk Assurance function provide the Chief Risk Officer and Conduct & Risk Committee with assurance over effectivenessof the control environment within 1st Line business functions and projects.
• To produce Monitoring reports that clearly articulate any identified weaknesses in the control environment meaning the business is exposed to increased regulatory, reputational, or other risk.
• Monitoring reports should enable accountable senior managers to make informed decisions and take appropriate action to mitigate identified risks.

Main AccountabilitiesPrimary Responsibilities, with oversight / sign off from the Head of Risk Assurance or Senior Risk Assurance Officer:

• Responsible for timely, accurate, and effective delivery of allocated risk based thematic reviews across the Financial Services Division.
• Ensure consideration of key regulatory fundamentals are included as an element of each monitoring review. Fundamentals - those requirements that allow PRIMIS to keep trading, for example Threshold Conditions.
• Draft and issue Terms of Reference for key stakeholders, providing a clear outline of scope of work and methodology to be employed.
• Complete an accurate and detailed analytical assessment of the control environment, relevant to each review, to identify any weaknesses and risks.
• Where weaknesses are identified, educate the business function on the potential risks and consequences arising, including potential remedies that could be employed.
• Write and present clearly articulated reports, ensuring that any mitigating action proposed by the 1st line is appropriate, SMART, and addresses the underlying issue.
• Support and contribute to the development and maintenance of the Enterprise Risk Framework.

Knowledge and Expertise

• Knowledge and awareness of the FCA Handbook. In particular, MCOBS, ICOBS, PRIN, SYSC, COND, APER, PROD and
• Knowledge and awareness of other industry rules relevant to the Network model. For example, GDPR.
• Be able to engage with confidence and exert influence at all levels within the business.
• Awareness of the regulatory framework governing the mortgage and insurance market. In particular, the Appointed Representative Regime, Approved Persons, Consumer Duty, and SMCR.
• Ability to present and lead discussions on key regulatory concepts clearly and effectively to Heads of Business level or below.
• Awareness and understanding of the principles of the Consumer Duty, AR Regime, and Conduct Risk Management.
• Proficient in the use of MS Office 365.
• Ability to build strong relationships, overcome objections, negotiate, liaise, and gain agreement and commitment to Heads of Business level or below.
• Has the ability to work effectively within a team.
• Analytical and problem-solving skills, with a pragmatic approach to risk.
• Strong report writing skills.
• Ability to interpret data/MI.
• Analytical skills, to assess first line procedures / controls against regulatory requirements.
• Clear attention to detail.

Essential Experience 2+ years Financial Services experience in second line roles.Experience of Risk or Compliance monitoring and / or control testing.Achieved the Certificate in Mortgage Advice and Practice (CeMAP) - as a minimum.Desirable ExperienceHave achieved a recognised level 4 qualification in financial services.Has achieved an industry recognised professional compliance qualification - for example, ICA Diploma in Governance, Risk and Compliance preferable.Salary: £30,000 - £40,000 DOE and negotiableBased on the Birmingham Business Park in Solihull B37 although we do offer hybrid being a split of remote working / office.Internal LSL group candidates must discuss with their immediate line manager in the first instance.If you are interested in applying for this position please forward your CV with covering letter in confidence to James McNee of the in house recruitment function here at PRIMIS / LSLWe are an equal opportunity employer and value diversity at our company. We do not discriminate on your background or needs, if you require any adjustments to make the recruitment process easier please let us know.LSL are dedicated to protecting your data - our Recruitment Privacy Notice can be viewed on the LSL Careers website

Keyskills :
CeMap QualifiedCompliance MonitoringMortgage LendingRisk