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Compliance Officer (T&C) - Wealth Management Firm - Remote Role - Up to £45k basic salary - Berkshire Offices
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 Officer to report into the Compliance Manager to support with Training & Competency duties. Duties will include but are not limited to:
- Assist in the onboarding requirements for Senior Managers, Financial Planners and where stated, support staff
- Provide attaining and maintaining competence first line supervision for all new and existing individuals performing an FCA activity within the company by: delivering training as required
- Undertaking Supervisor one to ones with new and existing Advisers as laid down in the Training & Competence (T&C) Scheme.
- Reviewing business cases in relation to new business and annual reviews to ascertain whether cases are suitable, suitable with development needs, unclear or unsuitable, on a pre-sale and post-sale basis and to ensure any remedial action is taken by the Financial Planner.
- Ensure formal initial and annual sign off of competency and Fit & Proper requirements in relation to Financial Planners and Senior Managers.
- Assist in the development, support and maintenance of the firm’s T&C scheme and its documentation, including the policy and ensure various registers are kept up to date.
- To develop and implement a risk rating criteria in respect of new and existing Financial Planners to ensure the frequency and type of supervision and monitoring program is appropriate to each category of Financial Planner.
- Ensure appropriate stakeholders have access to accurate Key Performance Indicators to demonstrate the necessary systems and controls are working appropriately, and risks are managed in relation to T&C and the wider Governance and Systems & Controls requirements of the firm.
- Attend Executive Meetings.
- Provide guidance and appropriate support for Professional Qualifications within an individual’s role with the aim of all Financial Planners to be Chartered or at least working towards that status.
- Maintain close working relationships across the business and its management teams, with the ability to give Learning & Development support to non-regulatory roles as well.
- Refer any compliance and/or risk related issues found in conducting the above responsibilities to the Head of Compliance.
- Work in conjunction with the Head of Compliance to ensure the T&C requirements of the firm are met and maintained
Package and remuneration
- Salary is negotiable: £35k - £45k
- 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.
