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Compliance Review Manager

Posted 14 February by Coast Specialist Recruitment Easy Apply Ended

Compliance Review Manager

Weybridge - Up to £60k

Job Summary

  • The delivery of an Advice Review function, assessing the adequacy of remedial action completed on file review.
  • Provide formal oversight, manage and maintain the relationship between the firm and its chosen outsourcer of file reviews.

Main Responsibilities

  • Assess the adequacy of remedial actions completed by advisers following suitability file reviews
  • Provide pro-active guidance and a robust response with regard to any identified trends arising from file reviews.
  • Assist with collating information for internal MI
  • Prepare a quarterly report for Head of Professional Development & Competence on the activity completed within the role and key risk areas
  • Work to help ensure achievement of the Regulator’s Conduct culture initiative is met
  • Maintain knowledge of my client’s compliance manual, T&C scheme, operational procedures and related internal bulletins.
  • Maintain knowledge of the products recommended and services offered by the advisers being supported.
  • Assist with the updating and maintenance of internal processes and procedures from time to time as required.
  • Maintain data, records and files.
  • Comply with all the FCA rules and principles requirements relevant to holding a compliance position within a directly regulated firm.

Essential Experience/Qualifications

  • Minimum Level 4 qualified.
  • Previous experience working in a new business file review team of at least one diversified financial advisory company.
  • Strong technical knowledge of products, across Pensions, Investments, Mortgages and Protection.
  • Proven track record of assessing information, probing, and investigating actual or potential anomalies.
  • Proven track record of communicating and building rapport efficiently and effectively with Advisers and Managers.
  • Knowledge of FCA handbook and principles for business.
  • Up to date with recent FCA and FOS precedents and standard industry practice
  • Strong understanding of suitability and TCF.
  • Ability to balance commercial, regulatory and other priorities in order to achieve fair outcomes for consumers.
  • Experience of implementing and embedding improvements into practice.
  • Excellent organisational and prioritisation skills with the ability to handle multiple tasks, work to tight deadlines and stay focused under pressure.
  • Excellent decision making skills and verbal and written communication skills.
  • Excellent knowledge of Microsoft Office including Word, Excel, PowerPoint and Outlook.
  • Commitment to pass basic financial industry exam within 3 months of employment (internal exam).

Desirable Experience/Qualifications

  • CEMAP, MAQ or equivalent
  • AF3, G60 or equivalent
  • Experience of operating in a senior/management role within a compliance team
  • Knowledge of Intelligent Office
  • Seeks ownership of the business and therefore has a desire for the responsibility for issues of the business.
  • Experience of providing formal oversight of a material outsourcer
  • Experience of training/presenting on file review trends
  • Experience of creating and presenting Management Information on file reviews

Required skills

  • Compliance
  • Financial Services
  • Investment
  • Pensions
  • Regulated Industry

Reference: 33620627

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