Our client, a successful financial services firm operating in the wealth management space, are looking for a Compliance Manager to join the business. The Compliance Manager provides full compliance services fundamentally for the company with some compliance support into the wider UK group. They are responsible for managing the firms’ relationships with the FCA and PII providers as well as managing and mitigating compliance risk by raising and reporting any issues into the necessary people.
Key Responsibilities:
*Manage the FCA relationship and be responsible for completion of all FCA reporting duties
*Responsible for horizon scanning future compliance issues and facilitating mitigating actions with the firm’s management team to protect the business against them.
*Ongoing management of a centralised investment proposition
*Design and implementation of new regulations e.g. Consumer duty, Product governance
*Design, implementation and management of all compliance documents within the business, including suitability reports, advice standards, T&C scheme, etc
*Manage AML checks
*Management and full process of complaints
*Carrying out file reviews, checking all documentation, reviewing adviser recommendations to clients in relation to all products
*Preparing and reviewing business compliance KPIs
*Reviewing and signing off literature against the firms’ services and FCA Financial Promotions rules
*Performing regular reviews and updating of financial services policies and processes in line with relevant legislation.
*Monitoring compliance with monthly and annual accounting reporting including monthly checklist and biannual Board Reports
Experience Required:
*Be qualified in the Diploma in Financial Planning (or equivalent)
*Experience of developing a strong control environment within the financial services sector
*Have a solid working knowledge of COBS, ICOBS and MCOBS