Remediation Senior Associate

As a Remediation Senior Associate, you will play a key role in supporting fair client outcomes by administering remediation cases from information gathering through to calculation completion and compensation payment. You will be responsible for liaising with third parties to obtain the information required to assess potential financial loss, completing accurate financial loss calculations once all required information has been received, keeping clients updated throughout the process, and arranging any cash or unit compensation due to the client.

In addition, you will investigate client complaints through to completion, conduct thorough reviews of case circumstances, identifying root causes, determining appropriate resolutions, and ensuring fair and consistent outcomes in line with regulatory and company requirements. As a Remediation Senior Associate, you will play a key role in supporting fair client outcomes by administering remediation cases from information gathering through to calculation completion and compensation payment.

You will be responsible for liaising with third parties to obtain the information required to assess potential financial loss, completing accurate financial loss calculations once all required information has been received, keeping clients updated throughout the process, and arranging any cash or unit compensation due to the client.

In addition, you will investigate client complaints through to completion, conduct thorough reviews of case circumstances, identifying root causes, determining appropriate resolutions, and ensuring fair and consistent outcomes in line with regulatory and company requirements.

• Act as the case owner for assigned remediation matters, ensuring each case is progressed efficiently, accurately and with appropriate client focus.
• Liaise with third parties, internal teams and external providers to obtain the information required to complete financial loss assessments.
• Review information received to confirm it is complete, relevant and suitable for use in the remediation calculation.
• Track outstanding information requests, follow up within agreed timescales and elevate delays or data gaps where appropriate.
• Carry out financial loss calculations once all required information has been received, ensuring the methodology is applied accurately and consistently.
• Record the rationale, inputs, assumptions and outcome of each calculation clearly so that decisions can be reviewed and evidenced.
• Identify cases where additional review, quality checking or technical support is required before the outcome is confirmed.
• Support the delivery of fair client outcomes by ensuring compensation reflects the impact of the identified issue and places the client in the appropriate position where required.
• Communicate with clients throughout the remediation process, providing clear and timely updates on progress, outstanding information and expected next steps.
• Confirm to clients when calculations have been completed and explain the findings in a clear, professional and client-friendly manner.
• Arrange payment of compensation where due, including cash payments to a nominated bank account or unit compensation to the relevant investment account.
• Ensure client communications are accurate, empathetic and aligned to approved process, regulatory expectations and internal quality standards.
• Follow agreed remediation procedures, calculation methodologies and approval controls to ensure consistency and accuracy across all cases.
• Maintain accurate records of third-party contact, information received, calculation outputs, client updates and compensation actions.
• Handle client and account information securely, escalating any data quality, privacy, operational risk or conduct concerns…