A long established, well regarded Financial Advisory organisation with a solid reputation for providing clients with trusted long-term advice seek a Compliance Manager to join its Manchester office.
The Company are proud to provide independent, holistic advice to clients on a UK wide range of products that complement the clients' personal goals and objectives.
The Company provide career progression, a competitive salary and an excellent range of employee benefits.
The Role
To manage the establishment and maintenance of regulatory standards and policies in accordance with the rules and guidance of the FCA and to provide a compliant framework for the business to operate within.
To contribute to and operate the risk-based monitoring programme within the firm’s distribution channels, group functions and operational departments.
To develop a positive compliance culture within the business including the provision of proactive advice and guidance to ensure an awareness of compliance is embedded throughout the business functions and is an integral part of all decision making.
To take ownership of day-to-day regulatory compliance issues and to assist the Head of Risk and Compliance with handing more complex regulatory compliance issues and non-routine inquiries by the Executive and other stakeholders.
Key Accountabilities
Regulatory Development
Manage the Risk and Compliance team to develop and maintain regulatory standards and policies, to provide a compliant framework for the business to operate within.
Provision of technical advice and guidance to the Head of Risk and Compliance, Legal and Regulatory Director, senior management and all business areas within the business, covering all elements of the FCA Handbook.
Identify and evaluate the impact of regulatory change on the business, through analysis of consultations and policy statements issued by the FCA and other regulators.
Provide a compliance helpdesk service which acts as a subject matter expert for all compliance matters impacting on the day to day activities of advisers and support staff.
To plan and manage technical projects for the Legal and Regulatory function.
Anti-money Laundering / Financial Crime
To ensure timely identification of regulatory requirements and guidance issued by the FCA, JMLSG and other appropriate legislative, regulatory, governmental or Industry bodies, and to provide prompt assessment of the impact on the Group’s processes, systems and controls.
To manage the implementation and approach to anti-money laundering and counter terrorist financing.
Compliance Monitoring
Develop and implement the risk-based compliance monitoring programme, including its strategy, activities, procedures and resources, ensuring that risk based monitoring activity §
Assist the Head of Risk and Compliance with the rigorous investigation of any concerns or rule breaches referred to the Legal or Regulatory function or revealed by regulatory management information or monitoring, regarding the integrity of registered individuals.
Team Management
To lead, motivate and ensure the development staff with the Regulatory Policy and Compliance Monitoring teams and to define personal objectives for all members of staff within.
Good understanding of retail investment products, FCA regulated financial services firms and Discretionary Fund Management.
A comprehensive working knowledge of the Financial Services and Markets Act, FCA Handbook and Principles for Business.
Ability to extract and identify issues of potential risk
Required Skills
Commercial Acumen / Strong Written and Oral Communication / Influencing / Decision Making / Change Management / Delivering Operational Change / Teamwork / Planning and Self-Management / Coaching / Audit and Monitoring / Ability to Extract and Identify Issues of Potential Risk
Required Experience
A minimum of 5 years’ experience in a compliance role with a first-class knowledge of monitoring, risk management and current regulatory issues.
Experience of risk-based monitoring systems and audit procedures.
Experience of delivering operational change and improving regulatory and business standards.
The Package
Competitive Salary
Basic holiday entitlement of 25 days plus bank holidays (this increases with service and you can also buy extra days in the holiday purchase scheme
An extra day off on your birthday
Participation in the Company’s Flexible Benefits Scheme
Contributory Pension Scheme
Death in Service - 4 x basic salary
Training and professional qualification support
Rewards and Initiatives
Employee Assistance Programme - offering support to colleagues via telephone and online
Hybrid working, 3 days from home, 2 days from the office
Compliance Manager
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