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My client are a boutique wealth planning firm with offices in Berkshire who I have met twice and placed 10 staff with over the past 3 years. They offer a raft of financial advice to HNW and UHNW retirees, accumulators, local families and SME owners. In their current setup they manage the affairs of c.500 clients with assets ranging from £200k - £1m and their UHNW proposition deals with clients with £1m - £10m+ of assets. The business offers advice on pensions, investments, tax planning, cashflow modelling, retirement planning, protections (both personal and business) and some esoteric schemes such as VCT & EIS schemes.
The business has a team of senior advisers and a full suite of admin and paraplanning support staff and they have very exciting expansion plans over the next 5 years. With significant financial backing they would like to double their adviser count both organically and via acquisition of businesses. Before they action their expansion plans, they need to recruit another member of staff into their compliance function before scaling the business. The Managing Director is creating a brand-new role for a Compliance Manager to take a leading role in managing the regulatory function and ensuring the business is compliant with all new and upcoming regulations from the FCA including the recent Consumer Duty. You will work very closely with another Compliance Manager who is currently in their position but has a very substantial workload.
- First point of contact dealing with all FCA queries
- Assessing, monitoring, and mitigating compliance risks
- Conducting audits and implementing compliance programs
- Manage the firm’s relationship with FCA and ensure that the firm can respond in a timely manner to requests for information
- Ensure FIT assessments are in place for all Senior Managers and Certified Persons and measures are in place to review regularly
- Ensure all relevant records are maintained (register, copies of draft and published promotions etc)
- Ensure adequate and appropriate PII cover is in place
- Ensure that all new staff receive training in the Conduct Rules
- Responsibility for the Training & Competency for all Senior Managers and Certified Persons
- Money Laundering Reporting Officer
- Data Protection Officer
Other duties can be discussed in line with your experience. The role will be fully remote but the ability to come to the Berkshire offices once a month or meeting up with the existing Manager in a mutually agreeable location.
- Salary is negotiable: £50k - £75k
- Benefits: pension, death in service cover, income protection,
- 26 days holiday + bank holidays
- Death in Service Benefit
- Wellness Scheme
- Pension scheme
If this role sounds of interest or any other roles I am working on please get in touch.
