Compliance Director SMF16 - UHNW Wealth Management

Compliance Director (SMF16)

Wealth Management firm

£120K-£135K + bonus

London - hybrid working

The Compliance Director is responsible for overseeing and managing the day-to-day operations of a wealth management firm while ensuring compliance with the FCA 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.
• Oversee internal compliance audits and reviews to ensure operational activities are aligned with regulatory requirements.
• Ensure the firm's processes are aligned with FCA and SEC conduct of business rules, anti-money laundering (AML) policies, and customer protection standards.
• Stay current with regulatory changes, assess their impact on the firm's operations, and lead the firm's response to any new compliance obligations.
• Provide advice to senior management on compliance and regulatory issues, including the impact of emerging regulatory changes.

1. Operations Management:

• Oversee and manage the operational activities of the wealth management firm, including client onboarding, trade execution, portfolio management systems, and reporting processes.
• Ensure the firm's operations are efficient, cost-effective, and scalable, optimizing processes and systems to improve productivity.
• Develop and implement operational policies, procedures, and controls to safeguard the firm's integrity, protect clients' assets, and ensure smooth execution of transactions.
• Supervise the back-office functions, including finance, office management, legal and compliance.

1. 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.

1. 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.

1. 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.

1. Business Continuity & Crisis Management:

• Develop and implement business continuity and disaster recovery plans to minimize operational disruptions in case of unforeseen events.
• Provide leadership and crisis management expertise in situations involving compliance breaches or operational failures.

Skills & Qualifications:

• Significant experience in compliance 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.

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