Personal Independence Compliance

Job title:

Location:

Years of Experience: 5-8

Qualification:

Job Summary:

The Personal Independence Compliance Specialist ensures that all partners and staff at PwC UK maintain their personal independence, upholding trust with clients and adhering to regulatory requirements. The role supports the firm’s independence compliance efforts using various tools and resources, guiding employees, and monitoring compliance through a data-driven approach for conducting audits. This position is crucial for maintaining PwC UK's integrity and trust with clients.

Key Responsibilities:

• Oversee the usage of Checkpoint, supporting independence compliance related to financial interests of partners, staff, and immediate families.
• Assist employees in understanding personal independence requirements and provide guidance for compliance.
• Monitor and manage the Automated Investment Recording (AIR) system for tracking security transactions.
• Conduct Personal Independence Compliance Testing (PICT) and manage compliance confirmations.
• Facilitate self-reporting for independence violations and provide support to address issues promptly.
• Collaborate with the Independence Office as part of the Independence Coaching & Education program.
• Coordinate with new managers/promotions and new hires to instill independence compliance norms.
• Serve as a contact for personal independence queries during specified hours.
• Develop and maintain training and resource materials related to personal independence.
• Stay updated with regulatory changes and update firm policies and procedures accordingly.
• Provide resources and support to individuals undergoing audits, including FAQs and tips for efficient completion.
• Utilize data algorithms for random selection for compliance testing, targeting based on governance priorities.
• Conduct detailed reviews of investment holdings, tax returns, self-declarations, and Checkpoint entries.
• Collaborate with practice managers and partners to communicate the importance of compliance.
• Implement sanctions as per PwC UK's sanctions policy for non-compliance.
• Develop and manage questionnaires for audits of partners and managers.
• Provide resources and support to partners and managers, ensuring access to the right tools and guides.

Required Qualifications and Personal Attributes

• Bachelor’s or Master’s degree in Business Administration or a related field.
• Strong organizational and communication skills.
• Ability to manage high volumes efficiently.
• Strong understanding of personal independence requirements and compliance processes.
• Experience in conducting audits and managing compliance-related tasks.
• Excellent organizational skills and attention to detail.
• Effective communication with partners and managers for understanding and compliance with audit requirements.
• Familiarity with compliance tools.