Compliance Monitoring Officer
The Local Pensions Partnership is a leading pensions services provider administering the pensions of some 580,000 members and 1,600 employers in public sector pension schemes.
Taking care of people’s journeys up to and into retire¬ment is a huge responsibility and it’s one we take very seriously. As a young, enterprising and considerate business, LPP is building on the outstanding work of our legacy business¬es to deliver a sustainable, consistent and sector-leading pensions services business.
We currently have an opportunity for a Compliance Monitoring Officer to join our compliance team. This role will be reporting into the Head of Compliance & MLRO.
As you would expect from a pension organisation LPP offer employees access to an excellent pension scheme with 12% employer contributions.
We offer a 37-hour working week, with flexibility in working pattern for the right candidates. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business.
The Compliance Monitoring Officer will be responsible for undertaking, managing, and recording Compliance Monitoring reviews, while assisting in the development and maintenance of the Compliance Monitoring Plan. Reporting to the Head of Compliance & MLRO, but working closely with the Investment Compliance Officers, the role will support the wider responsibilities of the Compliance team and will be expected to work closely with all areas of the regulated investment business, promoting a positive compliance culture throughout.
• Further develop the Compliance Monitoring framework and methodology, including the processes and procedures to manage the monitoring requirements, and the development and use of specific computerised applications as appropriate;
• Plan and conduct Compliance Monitoring reviews and policy testing in accordance with the Compliance Monitoring Plan to provide assurance over key control effectiveness, Conduct Risk awareness, and adherence to company policies, procedures, and relevant FCA regulations;
• Agree actions with management and present findings in a clear and concise manner;
• Ensure business knowledge, processes and controls are accurately and proportionately assessed against regulatory and internal compliance standards;
• Assist and make recommendations to the Head of Compliance with the ongoing development, maintenance and delivery of a risk-based Compliance Monitoring Plan and regulatory procedures;
• Produce accurate and timely reports in respect of Compliance assurance activity;
• Be an advocate for increasing compliance awareness and work with the Head of Compliance to continually increase awareness across the business.
Knowledge & Competence Requirements
The role holder must be able to demonstrate the following knowledge and competence criteria:
• Previous experience in financial services, ideally in Compliance or Risk (essential)
• Working knowledge of FCA Regulations, in particular SYSC, COLL, FUND (essential)
• Compliance monitoring experience (essential)
• Educated to degree level (desirable)
• Compliance Qualifications e.g. CISI Diploma or equivalent (desirable)
• [Please note this is not a KYC position]
• Highly developed analytical skills and the ability to present reasoned and convincing arguments to support and/or challenge a proposal;
• Excellent written and verbal communication skills including the ability to influence and build good working relationships at all levels both internally and externally.
• Excellent level of numerical, analytical, ICT, and report writing skills to assist in the communication of key messages and to facilitate discussions and decision making;
• Excellent presentation skills;
• Resilience in the face of challenge from Senior stakeholders;
• Excellent presentation skills;
• Ability to work independently and pro-actively take ownership for own workload;
• Good time management, and attention to detail.
Reasonable adjustment will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.
Senior Investment Trade Support
Local Pensions Partnership Investments Ltd (LPPI) is a wholly-owned investment subsidiary of Local Pensions Partnership (LPP). LPPI manages £18bn of pension assets for local government pension schemes (LGPS), with full delegation for the selection, monitoring and management of fund managers, and implementation of investment strategy on clients’ behalf. Since its launch in April 2016, LPPI has successfully designed and launched a suite of asset class-based investment funds which can be utilized to deliver clients’ strategic asset allocations. LPPI’s investment professionals are seasoned global investors whose experience span assets classes and investment styles, with deep buy/sell side asset management and capital markets experience.
We currently have an opportunity for a senior investment trade support to join our team. Reporting to the Investment Operations Manager. The job holder will also have a major role to play in all aspects of reporting around fund activities.
As you would expect from a pension organization LPP offer employees access to an excellent pension scheme with up to 12% employer contributions. We offer a 37-hour working week, with flexibility in working pattern for the right candidates. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business. This role will be based out of our London or Preston office.
Reporting to the Investment Operations Manager, the Senior Investment Fund Administrator will assist in managing the fund administration functions.
• Coordinate with external service providers such as Transfer Agency, Custodian and Risk Solutions in general fund administration.
• Broker management, market set-up and corporate action decision management for LPPI funds
• Liaison with external segregated managers providing support in areas such as new market openings when necessary
• Accountability for Trade/contract capture, cashflow processing, position keeping, asset lifecycle management, income processing, asset/contract and cash reconciliations for LPPI products
• Accountability for Trade/position capture, asset lifecycle management, position keeping and reconciliation and cash reconciliations for client schemes
• Accountability for Order placement for Private Assets to include dealing/routing, trade tracking and allocation
• Accountability for Cash Record keeping/reconciliations, cash administration and capital call and distribution administration for private assets
• Coordinate with other members of Finance and Administration team with ad hoc internal or external requests.
• Take a leading role in organising, daily, weekly and monthly reporting process.
• Liaise with internal teams regarding Due Diligence requests, Restricted List maintenance and other ad hoc tasks
• Close liaison with Risk and Compliance ensuring Investments are made within guidelines and report breaches when necessary
• Coordination and implementation of new process in Operations for new products/platforms or changes to existing processes
• Ensure the Investments Operations Manual is updated and maintained as required
• Ensure adherence to internal policies and procedures and maintenance of procedures
Post holder will demonstrate:
• A strong academic track record
• 2 - 3 years at a multi asset investment fund in an administrative role
• Very strong attention to detail, strong numerical skills, and able to multi-task
• Knowledge of multiple asset classes to include but not limited to Equities, Fixed Income, Real estate, credit and Infrastructure debt
• Experience working in the operations team of an asset management firm, private
• hedge fund firm, a custodian, or third-party administrator.
• Excellent MS Word and Excel skills
Reasonable adjustments will be made to working arrangements to accommodate a person with a
Pensions Administrator (Aggregation)
Local Pensions Partnership (LPP) is an award-winning pension services business with offices across the UK. We are currently seeking Pension Administrators to join our team in Preston.
As you would expect from a pension organisation LPP offers employees access to an excellent pension scheme with 12.4% employer contributions, 25 days holiday (plus bank holidays). Our offices in central Preston are easily accessible by road, rail and public transport.
We offer a 37-hour working week, with flexibility in working pattern for the right candidate. LPP provides an environment of continuous personal and professional development to support employees in reaching their full potential to deliver our vision ‘to be a leading pension services business’.
• To process and check a range of general pensions case work, including, but not restricted to benefits estimates, transfers, retirements, commutation of benefits and the combining of benefits, ensuring that service level targets and deadlines are met in respect these areas
• To respond to member correspondence relating to the work undertaken within the Aggregation Team, again ensuring that service level targets and deadlines are met in these areas
• Ensure that all work is carried out in a timely and accurate manner
• To actively develop an understanding of current regulations and overriding legislation, maintaining an up to date knowledge
• To support service provision as appropriate undertaking other duties commensurate with the post
• Liaise with customers and third parties obtaining information in respect of the work undertaken on the Aggregation Team
• Treat information security with the upmost respect, dealing appropriately with sensitive and confidential information within Service protocol/guidelines
• Practical working experience in a pension administration role
• Proven ability to work effectively on own initiative as well as being an effective team player, promoting positive behaviour and attitudes, working flexibly, whilst always developing and maintaining good working relationship within the team and the service as a whole
• Proven ability to undertake detailed mathematical calculations accurately
• Demonstrable ability to work accurately and to deadlines
• Ability to use systems and processes relevant to pension payroll and pension administration
• Ability to use Excel and Word to a good standard
• The ability to communicate effectively at all levels possessing excellent communication skills
• Commitment to providing a good customer service at all times
• Demonstrable ability to apply and interpret complex regulations, relevant to the casework undertaken on the Aggregation team
• Maintain an understanding and actively support LPP’s equality programme, both internally and externally, along with all other corporate policy initiatives, including maintaining an understanding of the breadth of the diversity agenda and embedding good practice
• 5 GCSEs or equivalent including Maths and English at Grade C or above
• A recognised pension administration qualification (or working towards) would be desirable
How to Apply
You can apply for this role by submitting a CV and covering letter confirming your current remuneration package.
Please note that as part of the recruitment process, candidates may be invited to complete both ability and psychometric assessments and will receive feedback.
We regret that we will only be able to respond to successful applicants.
Applications should be sent ideally by email to firstname.lastname@example.org or to the HR team based at LPP, 2nd Floor 169 Union Street, London, SE1 0LL by the closing date below. For any questions around applying and/or further details in relation to the position please do not hesitate to contact the HR team on 0207-369-6952
Closing date for applications: We invite all applicants to apply as soon as possible and please note that the campaign will close when sufficient applications have been received.
LPP is keen to promote a diverse workforce to maximise our ability to provide quality services to all our customers. All applicants who are known to be disabled and who meet the minimum criteria for the role will progress to the next stage of the recruitment process.