Compliance Director SMF16 & 17 - UHNW Wealth Management

Compliance Director (SMF16 & 17)

Wealth Management firm (UHNW clients)

London

£135K-£145K plus bonus

Job Overview:

The Compliance Director is responsible for overseeing and ensuring that the firm complies with regulatory standards set by the Financial Conduct Authority (FCA), Securities and Exchange Commission (SEC) regulations and other relevant legal and regulatory requirements. This role requires a strong understanding of financial services, operational efficiency, risk management, and compliance procedures in a highly regulated environment.

Key Responsibilities:

1. Compliance and Risk Management:

• Lead the compliance function, ensuring the firm adheres to FCA regulations and all other relevant laws, rules, and standards (such as MiFID II, GDPR, Anti-Money Laundering (AML), and Consumer Duty (CD).
• Develop, implement, and maintain a robust compliance framework, identifying and managing compliance risks.
• Identify, assess, and mitigate regulatory risks within the business.
• Oversee risk management frameworks to ensure adherence to both internal and external standards.
• Establish and monitor controls to detect and prevent regulatory violations.
• Oversee internal compliance audits and reviews to ensure operational activities are aligned with regulatory requirements.
• Design, implement, and maintain compliance policies and procedures specific to wealth management activities.
• Regularly review and update the compliance manual to reflect new regulations or changes in existing regulations.
• Provide advice to senior management on compliance and regulatory issues, including the impact of emerging regulatory changes.
• Lead and manage the wealth management firm's Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) programs, ensuring compliance with regulatory requirements.
• Oversee the implementation, monitoring, and continuous improvement of AML policies and procedures, ensuring alignment with FCA and other relevant regulatory bodies' standards.
• Ensure the firm's processes are aligned with FCA and SEC conduct of business rules, anti-money laundering (AML) policies, and customer protection standards.

2. Leadership & Team Management:

• Lead and manage a team of compliance officers, operational staff, and other key personnel, providing coaching, development, and performance management.
• Promote a culture of regulatory and operational excellence across the organization.
• Collaborate with senior management to drive business objectives while ensuring regulatory compliance is embedded in all activities.
• Coordinate with other departments, including legal, risk, IT, and investment teams, to ensure integrated and seamless operations.
• Develop and deliver compliance training programs for staff, ensuring they understand their obligations under FCA rules.

4. Reporting & Documentation:

• Maintain and oversee compliance and operational records, ensuring they are accurate, up-to-date, and compliant with FCA reporting requirements.
• Prepare and submit regulatory reports to the FCA and other relevant authorities, ensuring that reporting deadlines are met.
• Monitor and report on key performance indicators (KPIs) for operations and compliance activities, providing insights and recommendations to senior leadership.

5. Client Interaction:

• Work closely with the client-facing teams to ensure that client-related activities (e.g., investment transactions, account management) comply with all regulatory requirements.
• Address client concerns related to operational or compliance matters, ensuring high standards of service and communication.

Skills & Qualifications:

Essential:

• Significant experience in wealth management/HNW/UHNW AML compliance, or a similar role within an FCA-regulated wealth management firm.
• In-depth knowledge of FCA regulations and financial services compliance requirements (e.g., MiFID II, AML, CD).
• Strong understanding of wealth management products, services, and investment strategies.
• Experience with risk management, internal auditing, and regulatory reporting.
• Excellent leadership and team management skills.
• Strong communication and interpersonal skills, with the ability to interact effectively with senior executives, clients, and regulatory bodies.
• Ability to develop and implement policies and procedures to ensure operational and compliance excellence.
• Professional qualifications such as ICA (International Compliance Association), ACAMS (Association of Certified Anti-Money Laundering Specialists), or CISI (Chartered Institute for Securities & Investment).
• Experience managing relationships with regulatory bodies such as the FCA and SEC.
• A deep understanding of investment management and wealth advisory services.

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