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Default Analyst

Employer
Financial Services Compensation Scheme
Location
London (Central), London (Greater)
Salary
£35,451 per annum
Closing date
9 Dec 2021

Job Details

Following the 2008 financial crisis our client was born, they help people get back on track by protecting them when authorised financial services firms fail. Our client has asked us to recruit an Analyst (Graduate) you will have minimum 1 years on the job experience and knowledge.

Our client offers tons of reason why you should work for them (to many to list). The position we are recruiting for is responsible for the successful delivery of the Solvency process that sits within the Declaration of Default end to end process and delivers the process dashboard for the Declaration of Default process. This role is also responsible for delivering activities within the large/complex firm's process.

  • Contribute to our client's response to potential failures through the planning, preparation, governance, and delivery process to ensure that potential defaults across all types are dealt with efficiently
  • Deliver one consistent pre default process for all claims/products
  • Ensure good governance of the large/complex default, including delivering detailed plans for resolution together with progress updates on target completion dates
  • Identify risks to delivery
  • Liaise with third parties including the firm, FCA, PRA, Insolvency Practitioners to collect relevant information on the firm to assist our client's readiness
  • Collect and analyses relevant data and information on which our client can make appropriate decisions
  • Prepares process documentation and direction for the handling of claims upon declaration hand over
  • Contributes to contingency planning as appropriate

Delivering Pre defaults

  • Takes responsibility for preparing and sending out requests for information, monitor replies and chase as appropriate
  • Assists with on-going insolvency review process including the entry and updating of data on systems, including Siebel
  • Works with other teams to ensure that declarations are progressed in a timely manner
  • Determines the legal status, liability, and solvency of firms, providing the requisite documentation and correspondence for decisions
  • Deals with technical enquiries from in house teams and outsource partners
  • Reports on firm status and default declaration progress on a regular basis

So, if you take ownership, Lead, and support, can work together, communicate and influence, think Analytically and are big thinker who can plan and organise, deliver for our client's customers, can embrace change, and would like to develop yourself. This could be the position for you so if would like to be part of our clients journey please apply.

If you think you have the experience please apply with your CV right now for swift consideration!

If you have not heard from us within the next 72 hours your application has been unsuccessful, and we will be in touch when suitable opportunities arise.

 

Company

The Financial Services Compensation Scheme (FSCS) helps people get back on track by protecting them when authorised financial services firms fail. We’re independent and cover all regulated financial services in the UK. Since our launch in 2001 we’ve come to the aid of millions of people and paid out billions in compensation.

View our Top Employer profile

 

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