Compliance Officer - Investment Suitability

Drew Chapman Search and Selection
09 Nov 2019
11 Nov 2019
Contract Type
Full Time
The Suitability and Client Onboarding Department acts as the 'first line of defence' for this Investment Management firm. This role is based within a very friendly and supportive department.

The departments responsibilities relate to Suitability, Appropriateness, Know Your Client (KYC), Customer Due Diligence (CDD), Anti-Money Laundering (AML) and Market Soundings.

Key responsibilities:

Conduct suitability related file reviews and manage the peer review process to ensure the defined process has been followed
  • Proving advice to the front office on the execution of the reviews in line with company policy
  • Assisting in producing MI and appropriate reports documenting the results of the review process.
  • Obtaining and appropriately documenting clients evolving circumstances and investment aims.
  • Undertaking regular deep dive portfolio reviews to ensure compliance with appropriate legislation
  • Fully investigate and assess the risk tolerances that the underlying client is willing and capable of sustaining.
  • Engaging team members in the suitability assessment process (including risk-profiling) which acts in the best interests of the client.
  • Designing and enhancing regulation compliant systems and processes for new investment products/packages
  • Monitoring and investigating investment selections, ensuring suitability in relation (but not limited to) the client investment objectives, attitudes to risk, financial situation etc
  • Monitoring and managing daily Suitability Variances and providing guidance to Investment managers when required.
  • Investigating and verifying post trade suitability of investment decisions, validating opinions on accuracy of reasons/exemptions.
  • Reviewing and providing guidance on Investment Mandate letters, ensuring that suitability has been adequately evidenced and documented.
  • Reviewing and providing guidance on regular portfolio Client Suitability Reviews, ensuring that suitability has been adequately evidenced.
  • Pre-approval of all suitability reports
  • Overseeing the investment proposition including management of the investment portfolios, fund selections, audit trails
  • Answering ad-hoc suitability enquiries and ongoing advice given
  • Any other roles deemed necessary

Experience & Qualification Requirements:
  • Bachelor's degree or equivalent is desirable
  • 2+ years' experience of conducting detailed suitability based file reviews is desirable
  • Experience within private client portfolio management is desirable
  • Professional compliance or investment qualifications would be an advantage
  • Working knowledge of the regulation surrounding Client Onboarding and Suitability, including
  • JMLSG and COBS

Apply today for further information!

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