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Recruit Wealth are delighted to be representing one of our very best Financial Planning clients in Hertfordshire for a Compliance Officer, to oversee compliance, T&C and AML, whilst working closely with the senior leadership team.
Overview of the opportunity
To support the SMF16 and SMF17 functions. Responsible for ensuring that the company operates within the guidelines of the Financial Conduct Authority by implementing and overseeing compliance policies and procedures.
To coordinate the training & competence requirements of the advisory staff and organise training where required to ensure that the team are monitored and supported,
Compliance
- Complying with the Financial Services and Markets Act 2000, the FCA’s Conduct rules and Statements of Principle & Code of Practice and any relevant correspondence from the FCA at all times
- Dealing with the regulator in an open and cooperative way when required and disclosing anything relating to the firm of which the FCA would reasonably expect notice.
- Making sure appropriate ethical standards exist within the firm at all times
- Keeping up to date with relevant regulatory, product, legislative, technical requirements
- Making sure appropriate systems and controls are in place covering all areas of the firm’s business activities and these are reviewed on a regular basis
- Making sure the firm maintains accurate, detailed and up to date compliance records across all areas of the firm’s business activities
- Reporting to the firm’s Leadership team on a monthly basis on all relevant compliance issues
- Reporting, on an ad-hoc basis to the management body where significant compliance risks are identified
- Ensure quality of advice maintained & monitored via pre-sale checks of a selection of advice files and post-sale checks.
- Carry out product due diligence when required
- Review & sign-off financial promotions
Training & Competency
- Assess adviser conduct metrics against a pre-defined set of KPI's
- Monitor adviser development plans
- Carry out observed meetings/role plays
- Assist with quarterly adviser T&C meetings
- Monitor and adapt the company T&C scheme to changing regulatory requirements
- Ensure all staff have and passed the relevant annual testing and carry out fit and proper assessments
- Arrange training for regulatory changes
AML & Data Protection
- Assisting the SMF17 to make sure the firm’s financial crime and anti-money laundering procedures are kept up to date at all times and staff notified of any changes
- Making sure all staff are aware of and appropriately trained on the firm’s anti-money laundering and financial crime procedures
- Assisting the SMF17 to make sure the firm has adequate data security policies and procedures in place and that these are implemented properly
This is a stand out role for any individual who possess excellent Financial Services compliance background.
Financial Planning/Wealth Management compliance experience is essential to be considered further.
The company has excellent staff retention, you’ll be adding great value to the business in this post, alongside being respected as a more senior member of the team.
An excellent salary, benefits, company bonus, hybrid working is all being offered, alongside working in an extremely collaborative and professional working culture.
The company is looking to interview immediately and we welcome applications as soon as possible.
Please apply to us here at Recruit Wealth for an immediate response.
