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Compliance Manager

Closing date
1 Jun 2022

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Contract Type
Full Time
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Compliance Manager

A Compliance Oversight Manager is required for an exciting new wealth management company based in Derby - a sister company to an established legal firm specialising in wills and probate.

This is an exciting role for an aspiring SMF16 as you will be accountable for the compliance function of the business, shaping the division from the ground up and playing a crucial part in the key decision-making process. As this is a newly formed role you will not be taking on the responsibility/risk of any previous sales, and you will only be responsible for the advice given under your newly created framework.

You'll form part of the senior leadership team, focusing on creating frameworks, policies, and delivering the compliance plan you create, to enable a compliant environment. This is a newly created hands-on role, in an agile, start-up environment. Therefore, you can help shape the future of the whole business, and develop your own career, potentially moving through to a board-level role as the company grows. You will be the Compliance Manager for an independent and directly authorised financial services firm with the vision to support the law firms' customers' financial and inheritance preservation via protection insurances, investments, and pensions.

This is a unique opportunity, to set up compliance processes from scratch, define the strategic approach and help to form the identity of the whole business.To be considered for this role you will be an experienced compliance professional with a minimum of 3 years in a similar role. You will have a strong background in Investments, Pensions, Pure Protection, IHT planning and have experience of file reviewing.

You will possess natural leadership ability and experience to drive a strong compliance culture within a business. You will have a deep understanding of and background in managing conduct risk, TCF and Vulnerable Customers together with the ability to translate complex regulations into practical policies and advice.

The Role:
  • Leading the overall design and delivery of a proportionate risk-based monitoring and testing program, with support from an external compliance services company
  • Compilation, ownership and delivery of the Company's Compliance Monitoring and testing Plan including T&C scheme, Regulatory Rule Maps, Periodic Compliance Risk Assessments, Policy Development and Maintenance, Compliance Awareness and Training, Regulatory Liaison; Compliance Testing Reviews; and Governance, Escalation and Reporting
  • Support Senior Management in the development of strategy; seeking to ensure that the full scope of relevant compliance risks are appropriately considered
  • Leadership/Management. Lead the team in accordance with company vision, strategy and values
  • Management Reporting
  • Risk Management: Primary responsibility for understanding and managing the risks inherent in the Compliance function
  • Organise the team so that it can be managed effectively including recruitment and development of staff
  • Supporting the MLRO in their responsibilities, ensuring staff awareness of moneylaundering rules through appropriate training

About you

You will need to have experience working as a Compliance Manager in a similar regulated environment. You will be required to demonstrate...

Qualities and Values:
  • A self-starter, self-motivated, self-disciplined, self-assured, and performance driven
  • Comfortable in a high challenge/ high support setting
  • Ability to deliver outcomes using influence & leadership
  • Ability to motivate staff to perform at consistently higher levels through coaching, stretch assignments and leading by example
  • Project management skills
  • Strong analytical skills and process orientation
  • Knowledge of the regulatory environment applicable to Financial Services firms
  • Strong regulatory knowledge, including knowledge of COBS, ICOBS, TCF, SM&CR, DISP, T&C

Essential Experience & Qualifications:
  • Previous experience working within an FCA regulated firm
  • Have previous experience managing relationships with external compliance consultants
  • Ability to think strategically and lead a team as the business grows
  • Previous experience running a T&C scheme
  • Qualified to QCF Level 4 - holding relevant Financial Services Qualifications
  • Ideally will hold compliance qualifications such as Diploma in Governance, Risk and compliance or equivalent

What's on offer:

This role is offered on a hybrid working basis with flexibility on hours and office working. You will benefit from being part of a truly entrepreneurial business, but with the backing of a successful and proven sister company.

As part of a new team, you'll have the opportunity to develop your skills, shape your team and play a genuinely key role in building an ambitious and successful wealth management firm, an industry leader of the future.

You'll benefit from an excellent benefits and rewards package and will have access to a performance related reward scheme, based upon achieving the compliance goals of the business.
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