Next PLC

Senior Compliance Monitoring Officer

Recruiter
Next PLC
Location
Enderby, Leicester
Salary
Competitive salary + benefits
Posted
11 Jun 2021
Closes
21 Jun 2021
Ref
0069515
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time

The Legal & Compliance team are now recruiting for a Senior Compliance Monitoring Officer to fill a role within the Monitoring and Assurance team. The main purpose of the role is to ensure Next remains compliant with all FCA rules, guidance & principles, by undertaking monitoring and assurance work under a risk-based monitoring plan. This includes regular & scheduled monitoring to ensure the delivery of good consumer outcomes.

Key Responsibilities

Monitoring and Assurance

  • Complete assigned compliance reviews in accordance with the compliance assurance programme
  • Plan and evaluate the scope and testing approach for compliance reviews
  • Build and execute compliance assurance reviews which assess the effectiveness of the business’ compliance risk and controls
  • Conduct field work inline with the agreed programme
  • Write reports which include presentation of results, the rationale for findings, risks posed and actions required
  • Develop recommendations for corrective actions based on findings
  • Apply strong analytical and reasoning skills to rate outcomes
  • Track actions through to completion
  • Engage with business pre and post testing; monitoring and verifying the completion of actions which help the business demonstrate positive compliance with its regulatory and legal obligations
  • Examine policies, procedures and processes to ensure compliance with laws and regulations
  • Maintain a broad knowledge of the business and the regulatory framework in which Next operates
  • Manage the execution of reviews and escalate appropriately
  • Support the development of the team by training less experienced members

Risk management

  • A strong understanding of effective risk management across a large organisation
  • Ensuring the regulatory risk landscape is understood and appropriately documented to facilitate effective management
  • Management, maintenance and presentation of key compliance critical to quality measures to all relevant stakeholders

Criteria

Required skills

  • Experience in a Compliance Assurance role with an ability to demonstrate thematic work, control testing, outcome testing, policy assurance and transactional monitoring - minimum experience is two years
  • Understanding the delivery of good consumer outcomes
  • One or more of the below is required:
    • Knowledge and experience of working in an FCA/PRA regulated firm and experience of providing multiple types of assurance to FCA rules
    • Extensive knowledge of data protection/privacy assurance which can be demonstrated
    • Extensive knowledge of information security testing
  • Ability to work in a fast paced, challenging, dynamic and demanding environment with changing priorities
  • Ability to practically apply an approach to compliance in a form and style that is appropriate to the business
  • Ability to work independently or as part of a team
  • Strong stakeholder management skills
  • Excellent written and oral communication skills with the ability to summarise at high level as-well-as explain detail findings clearly and concisely, strong communicator
  • Ability to apply root cause analysis to findings in order to create effective actions
  • Ability to plan and prioritise workloads whilst working to strict deadlines
  • Strategic thinker with analytical and problem solving abilities
  • Ability to constructively challenge and question

Benefits

  • Bonus Scheme
  • Pension Scheme
  • ShareSave Scheme
  • Life Assurance
  • Staff Discount
  • On-site Nursery

About Next

You know Next, but did you know we’re a FTSE-100 retail company employing over 43,000 people across the UK and Ireland. We’re the UK’s 2nd largest fashion retailer and for Kidswear we’re the market leader. At the last count we have over 540 stores, plus the Next Online and it’s now possible to buy on-line from over 70 countries around the world! So we’ve gone global!

Closes 18th Jun 2021

For further information, and to apply, please visit our website via the “Apply” button below.

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