Business Manager, Wealth Management
You will be responsible for providing full business management support to the UK Wealth Management business. This role will focus on improving the efficiency and effectiveness of all UK distribution and product lines whilst ensuring governance; regulatory requirements; risk; compliance; operational; tax and financial requirements are aligned to strategic initiatives.
This role will also contribute to the design, implementation and oversight of an effective control framework within the relevant distribution and product areas, Wealth Manager(s) and client facing professionals that allows the individuals to grow their business and achieve the department’s success in aligning to the strategy of the business through in depth understanding of each area within Business Management.
This role will help to improve efficiency and effectiveness for all distribution and product lines whilst ensuring governance; regulatory needs; risk; compliance; tax and finance requirements are aligned to strategic initiatives and assists in the design and support the implementation of effective controls in relevant distribution and product areas.
PRIMARY RESPONSIBILITIES
Business Efficiency and Collaboration
* Provide direction and leadership to the UK Business Management Team.
* Key contact for the UK Private Client Wealth Management Teams and Business Heads.
* Ensure effective oversight for the delivery of key UK Business Management activities against plan.
* Deliver regular management information regarding progress of UK business management initiatives
* Maintain and develop key relationships with business partners across the UK Wealth Management platform and ensure that the UK business management team develop a good understanding of the integrated wealth management product offering including tax, trust, banking, credit, investment management, capital markets and custody products and services.
* Ensure that all policies and jurisdictional Risk Compliance procedures are adhered to by the UK Wealth Management business
* Maintain and support all system and internal procedures within the UK business management team.
* Represent UK Business Management at UK Desk Head Meetings
* Manage and deliver Knowledge Bites Sessions
* Ensure UK Business Management representation at WM regular induction and training sessions
* Support the Key Performance Indicators and Key Risk Indicators for all distribution and product lines and oversee the implementation and management of these indicators
* Oversee the mandatory sales/advisory training for new CFP's to ensure consistency with local regulatory requirements
* Develop and oversee the roll out of the Quality Assurance Onboarding function within the UK business.
Regulation and Controls
* Provide SME support for implementation of all regulatory projects and initiatives across the UK business – this could be the job holder acting as SME or allocating business management resources to provide SME support
* Oversee controls to ensure all employees abide by the relevant Standing Orders and other Policy rules and limits.
* Support the business and functional heads to enhance the corporate governance and oversight controls.
* Oversee and deploy all regulatory focused elements of the training needs for the front office employees to ensure all staff remains onside local regulatory requirements.
Managerial Excellence
* Provide focus and clarity in establishing individual goals, driving performance management, supporting career development and rewarding strong performance.
EDUCATION /OR EXPERIENCE
Required
* Degree educated
* Previous business management experience required
* Project management experience
Preferred
* Previous Wealth Management experience
* Relevant professional qualification
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