Compliance & Training Supervisor

Recruiter
Coast Specialist Recruitment
Location
Birmingham, UK
Salary
Competitive
Posted
09 Jun 2019
Closes
01 Jul 2019
Ref
1168044288
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Compliance & Training Supervisor

This role is home based, but reqiures a once a month commute to Horsham, West Sussex.

General Responsibilities:
  • Keep up-to-date with regulatory and industry developments
  • Maintain a specified span of control up to 40 Registered Individuals, managing and scheduling all aspects of oversight competently and within desired timescales
  • Monitor AR firms, coaching and mentoring approved persons both remotely and on-site, to ensure compliance with both regulatory rules and Network procedures
  • Liaise effectively with senior management in respect of regulatory and Network issues
  • Assist the Compliance Director in providing a timely response to requests for information from the FCA
  • Assist in making all appropriate notifications to the FCA

Compliance Monitoring Responsibilities:
  • Apply a risk-based and common-sense approach to the compliance monitoring process
  • Undertake appropriate file reviews, ensuring that the findings are accurately recorded and handled appropriately so as to mitigate associated risks
  • Undertake regular KPI reviews, ensuring that KPI data and management information in respect of AR firms is accurately recorded whilst identifying adverse trends/risks and reporting or handling them accordingly
  • Test approved persons according to scheme requirements in respect of product knowledge and appropriate selling practices, and provide relevant feedback and training where necessary
  • Test and supervise new joiners to AR firms ensuring that supervision and formal sign-off procedures are applied as appropriate
  • Ensure that financial promotions for member firms are approved in accordance with the FCA rules, whilst aiding firms in interpreting and applying the regulatory guidelines on advertising

Ad-hoc Responsibilities:
  • Take on tasks and projects as delegated by the Compliance Director/Compliance Manager, applying a can-do attitude and timely approach to work outside that of an individual span of control
  • Complete tasks to a high standard, and apply initiative to accommodate for wider issues

Skills and Knowledge:
  • Excellent knowledge of retail investment, savings, pension and protection products in the IFA sector
  • Strong knowledge of FCA rules and their interpretation/application
  • Ability to communicate with others confidently whilst remaining flexible/adaptable
  • Highly developed analytical, observational, written and verbal communication skills

Desirable Qualifications and Experience:
  • Level 4 Diploma in Financial Planning
  • CII - JO7 Supervision in a regulated environment (currently studying or open to study)

Specialist qualifications:
  • Equity Release/lifetime mortgages - ER1 & HR1 or equivalent
  • Occupational pensions - J04, J05 & AF3 or equivalent
  • Long Term Care - CF8 or equivalent
  • Mortgages - CeMAP/MAQ/CF6
  • Single share based investments - L4 diploma + IMC or securities gap fill

o Significant experience within the financial services, preferably in an investment or insurance environment with a good understanding of FCA/PRA regulatory expectations

o Experience working within a network of Financial Advisers

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