Compliance Officer (CF10/CF11) Wealth Management
This Private Client / Wealth Management business has an excellent reputation as one of the leading providers of financial products and services to high net worth individuals in the UK. Growing organically over many years, the firm prides itself on its ability to service clients throughout the UK at a local level - thereby truly understanding the needs of their clients.
The Section Head of Compliance will be responsible for all aspects of Compliance and hold the CF10/CF11 responsibilities for the Financial Planning division. Reporting to the Group Head of Compliance, you will ensure that the division upholds it's regulatory responsibilities through adherence to policy guidelines, monitoring programmes, compliance reviews and detailed management reporting.
Key responsibilities:
CF10 / CF11 responsibility for compliance issues in relation to the Financial Planning division, SIPP SSAS administration company and Six OEICS the firm has set up.
Main Activities:
· Leading the training and development of staff within the function and ensure that business objectives are met
· Manage the implementation of compliance policy and establish adequate in-house controls
· Maintain close contact with senior management, discussing any compliance breaches/ remedial action and providing advice as required, in order to promote a culture of compliance and to identify the optimum course of action in all cases.
· Act as a point of reference for managers within the business, interpret issues raised and apply rules and principles to any given incident or compliance matter, and additionally to ensure that new products or initiatives are in compliance.
· Ensure that FSA notices and good practice guidance are logged, reviewed to determine applicability, and advise procedural amendments required while ensuring they are implemented.
· Liaise closely with the FSA and auditors to foster good communications and jointly identify actions required following inspectors’ visits and audits.
· Monitor outside developments in the wider financial services sector and the compliance industry (a) to maintain an up to date knowledge and awareness of relevant issues and future trends and (b) to contribute to the wider holistic management of the business.
· If required, review and sign off (from the legal and compliance angle) all written material for external use such as newsletters, and advertising and marketing brochures.
· Work with the firm’s lawyers and internal legal department in the event of litigation by clients or counterparties.
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