Compliance & Risk Manager – Wealth Management recruitment
Activities will include understanding and briefing the business on its statutory responsibilities, oversee the process to ensure wealth advisors become threshold competent and maintain the skills.
- Communicate to and train staff on the firm's regulatory requirements/guidelines and prepare the business for any changes to them e.g. Retail Distribution Review (RDR)
- Enforce and monitor the training and testing requirements to make sure all wealth advisors are correctly classified
- Oversee and record the sign off for threshold competent wealth advisors
- Assess the training needs of supervisors and sales staff and the effectiveness and quality of current training schemes
- Produce MI to enable management to assess whether staff remain competent
- Ensure appropriate development plans are created for each wealth advisor by their line manager
- Enforce the firms failure policy where exams are not passed or events force them to re-categorise staff
- Assist with the performance measurement of wealth advisor competence and feed results into the process to drive compensation and promotion
- Provide an induction to new staff on the TC regime
- Define and implement sales standards, procedures and controls
- Support the achievement of the firms TCF Outcomes
- Maintain an up to date knowledge of the products and services provided by wealth advisory
- Assist in the overall generic risk and control agenda as required
- Work in partnership with the key infrastructure partners including Risk, Compliance, Operational Risk and Assurance, Audit, Legal, and Complaints, as well as with Business Management/COO Office, to drive the commercialisation, design, and execution of best practices across wealth advisory
- Hold appropriate professional qualifications (jurisdiction recognised) in the areas of securities advice / packaged product advice as a minimum
- Good product knowledge and good working knowledge of the wealth management industry including customer segmentation, personal financial planning, employee benefit products, as well as sales and delivery platforms
- Understanding of UK Regulatory framework and practical application of regulatory rules and regulations
- Technical knowledge of FSA registration requirements
- Excellent organisational skills and attention to detail
- Good communicator with the ability to explain regulatory concepts
- Strong relationship building and management skills
- Background in the delivery of training would be beneficial
- Ability to matrix manage
- Ability to work under pressure
- Commercial Awareness
Our client are a leading global wealth and investment management firm based in London.
If you would like to apply for the role of Compliance Risk Manager - Wealth Management or find out more, please apply online or contact Tomas Strelczak at Robert Walters on tomas.strelczak@robertwalters.com or call +44(0) 207509 8095 quoting the reference 1696230.
August 9, 2012
• Tags: Asset Management careers in the UK, Compliance & Risk Manager, Wealth Management recruitment • Posted in: Financial