Description

Salary and Benefits: c.£35,000 pro-rated (subject to experience) + asset management bonus (pro-rated), excellent pension scheme, private medical insurance, electric vehicle scheme, 38 days holiday incl. Bank Holidays (pro-rated), plus 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more!
Reporting to: Head of AM Portfolio & Regulatory Compliance
Job Type: 6 months fixed-term contract (FTC) / Secondment


Location:
This role will be based in our Edinburgh office, with time spent between home and the office, and some travel between our Phoenix offices. You can read more about Phoenix Flex here.

Please note, you will be notified about the status of your job application, post - 1st October 2024.

We have an incredible opportunity here at Phoenix Group as an Regulatory and Assurance Analyst to join our Line 1 Portfolio Compliance Team, within the Asset Management function.

Who are we?

We want to be the best place that any of our 6,600 colleagues have ever worked.

We’re the UK’s largest long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.

The role

The Regulatory and Assurance Analyst is a key role within the AM Portfolio Compliance team, which is part of the Phoenix Asset Management’s Business Control and Governance (BC&G) function. Established within Line 1, the team is responsible for delivering compliance support capability to assist Phoenix Group’s exciting investment strategy.

This is a key role in operationalising investment compliance controls and providing compliance advice guidance on business initiatives to support Phoenix Group’s exciting investment strategy. The role will be involved with reviewing new business and investment proposals, regulatory horizon tracking and implementation, overseeing controls around the management of key Compliance Risk topics and assurance monitoring. You will work alongside the Head of Portfolio Compliance and other functions within Phoenix Asset Management stakeholders (including Front Office, Middle Office, Operations, Business Control & Governance); Phoenix Group stakeholders (including Group Compliance, Operational Risk, Legal) and external third parties, in developing, implementing and maintaining an efficient and secure Line 1 portfolio and regulatory Compliance framework.

Key responsibilities

Policy Advice and Implementation

• Ensure that business fully understands its obligations in relation to the Compliance policies and processes in place
• Support business on Compliance policy and process related queries, for example in relation to inside information/wall crossing requests, information barriers, PA dealing and conflicts of interest.
• Advise the business on the introduction of Compliance processes as a result of new or updated AM activities.
• Ensure that the Compliance policy framework (as developed by Line 2) is embedded within the business
• Support development and implementation of procedures for the business to follow to ensure Compliance with the policies, including the provision of training where necessary.
• Monitor the adherence of the business to the policies and procedures on a day-to-day basis.

Regulatory Monitoring and Implementation

• Undertake regulatory change implementation work, impact assessments and work alongside the business with the development and implementation of new processes following the identification (by Line 2) of regulatory change that could impact AM.
• Liaise with Line 2 to get expert input on the details of the regulatory developments.
• Assurance monitoring on activities undertaken by both the business and staff to identify any areas of potential non-compliance with regulatory requirements and Compliance policies across a range of topics, including: Mandate Monitoring, Trade and Transaction Reporting, Financial Crime (incl. AML/ITC), ESG, Market Conduct

Additional Responsibilities

• Compliance enabling advice to support new business and investment proposals, and participation in projects
• Monitoring on activities undertaken by both the business and staff to identify any areas of potential non-compliance with regulatory requirements and Compliance policies across a range of topics, including:
  • Market abuse, including e-comms, call recordings and trade surveillance
  • Personal account dealing
  • Gifts and entertainment
  • Outside business activities
  • Best execution
  • PA dealing
  • ITC, ABC, AML
  • Conflicts of interests
• Provide support to the business with the management of compliance issues, regulatory breaches and mandate breaches, to ensure timely escalation, resolution and mitigation.
• Conduct oversight and monitoring of the KYC and other associated checks carried out by the business ahead of direct investments
• Manage and maintain Line 1A wall crossing processes of pertaining to inside information and confidential business information, and ensuring regulatory requirements are met.
• Senior Management Function Mapping
• Regulatory support to Phoenix AM Senior Leadership and liaison with the Phoenix Regulatory Relationships team (examples include: monthly AM, Actuarial, Finance & Retirement Solutions meetings with the PRA; SS1/20 PPP; PSM actions & C&Cs)

Relationship Management and Reporting

• The role is expected to have frequent engagement with Line 2 Compliance, attend various committees, support the team where required and provide input to the reporting for key Phoenix AM and Group boards and committees.

What we're looking for

Experience

• Demonstrated some relevant Risk, Compliance or Control experience in the investment industry, either within a stand-alone asset manager or in-house asset manager (insurance)
• Understanding of financial instruments across asset classes, including equity, fixed income and derivative instruments
• Some experience of Compliance regulations, rules and risks
• Experience in interpreting legal document language

Personal Attributes & Skills

• Good communication skills; ability to communicate complex issues in a clear and concise fashion
• Good analytical skills with ability to evaluate audit and assurance management performance
• Ability to build strong and reliable relationships of trust with internal and external stakeholders.
• Ability to assign priorities to multiple activities while ensuring integrity, accuracy, and timeliness
• Enthusiastic and positive approach, taking pride in output
• Team player who is solutions driven
• Proficient use of MS Excel, Word, PowerPoint

We want to hire the whole version of you.

We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.

If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.

Find out more about #LifeAtPhoenix

• Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
• Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us

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