Compliance Manager - Oversight - Advisory - Wealth Management

Compliance Manager - Advisory - Oversight - Wealth Management

Excellent opportunity opens for an experienced Compliance Manager to take a crucial position across compliance oversight and advisory in a growing Wealth Management Firm . You will play a key role in the advice elements of the monitoring function and collaborate closely with senior stakeholders. The successful candidate will have excellent regulatory and compliance knowledge and strong experience in a wealth environment.

Responsibilities:

• Assist in the delivery of the annual compliance monitoring programme by undertaking agreed monitoring activities to a high standard and delivering results in a timely manner.
• This role will lean in primarily to the advice elements of the monitoring programme, with focus on areas such as the provision of advice (for investment, pension and protection sales), operation of the Training and Competency Scheme and the overall customer journey provided by Financial Advisers to their clients.
• With the support of the Senior Compliance Manager, agree action plans with the business as a result of monitoring work and follow up with the business to ensure identified risks are adequately mitigated and closed in line with agreed action plans and for evidencing and recording rationale for closure. Highlight any delivery concerns.
• Work proactively to identify control gaps and weaknesses, determine root cause, and escalate and propose viable solutions to the risks and weaknesses identified, working to mitigate risk.
• Provide input into the annual Compliance Risk Assessment Process to inform the annual Compliance Monitoring Programme and actively keep compliance risks under review.
• Work with the wider Compliance Team in the establishment of adequate in-house controls and compliance procedures and contribute to compliance processes by identifying areas for improved adherence to regulatory requirements.
• Work independently while establishing strong relationships with the business and providing support/mentoring to less experience team members.
• Assist with the delivery of relevant Committee reporting and MI to inform Management of the compliance risks and their status.
• Monitor regulatory developments and maintain an up to date knowledge of current issues and future trends and their likely impact on the company’s risk profile and activities.
• Maintain an independent mind-set taking an impartial and objective view of internal practices, whilst maintaining good relationships that permit constructive and valued challenge.
• Champion a positive and effective compliance culture, helping the business to manage compliance risks effectively within their respective areas of responsibility.

Experience:

• Chartered Insurance Institute Level 4 Diploma qualified or equivalent.
• A minimum of 5 years’ compliance monitoring experience (or similar oversight types roles in the first or third lines of defence).
• Experience in a Wealth Management Firm or Retail Financial Advice Firm.
• Experience of Suitability of Advice and its effective oversight, through activities such as file reviews.
• Strong working knowledge of FCA rules, especially in areas such as COBS, TC, PRIN, SMCR and Consumer Duty.
• Experience of the FCAs advice assessment tools.
• The ability to understand and communicate technical information in a way that is easy for others to understand.
• Strong working knowledge of the FCA regulations.
• You will be a self-starter who is not afraid of taking responsibility and who is able to work both independently and in close collaboration with others, along with mentoring less experienced staff.
• You will be able to build rapport and strong relationships quickly and be able to maintain and build on those relationships over time, becoming a trusted partner to the business.
• The area of work involves a high degree of accuracy, integrity and independence as well as the ability to work well within a small team environment.

Interested? Please Apply!

Compliance Compliance Manager Advisory Assurance Audit Compliance Advisory Compliance Assurance Compliance Monitoring Wealth Wealth Management Asset Management FCA Risk RQF Level 4 CII Level 4 CISI Level 4 Suitability of Advice File Checking COBS TC PRIN SMCR Consumer Duty Advice Assessment Tools FCA Regulations Financial Services