Lutine Bell are currently supporting a growing Wealth Manager looking to appoint a Compliance Manager into the 1LOD to scope and build the first line function in the business.
Responsibilities:
* Supporting the structured handover of first line tasks currently with the Central Compliance function.
* Supporting the Financial Planning Leadership Team with key decisions on distribution strategies, so that the financial advice that is provided is the best in class.
* You will advise the FP Leadership Team on changes to the Advice framework, provide consultation to the Leadership Team with horizon scanning and consumer duty compliance, with forward thinking compliance leadership.
* Providing oversight of training and competency (“T&C”) for our existing and new advisers, including tracking their progress to Competent Adviser Status (“CAS”).
* Gathering annual evidence of competency for advisers, as part of annual renewal of Certificates under The Senior Managers and Certification Regime (“SM&CR”) and help drive higher standards and efficiency in the way that this process is undertaken.
* Oversight of adviser CPD and SPS logs and gathering quarterly Chartered information for the annual submission to the PFS.
* Production, maintenance, and future development of the Adviser Bonus Overlay.
* Production, maintenance and future development of the paraplanning Bonus Overlay.
* Closely supporting the production and development of our suitability reports.
* Processing and analysing MI on various data points that include our approach to supporting vulnerable clients and our completion and evidencing of annual reviews.
Responsibilities:
* It is essential that you will have had previous experience of working within a first line environment, preferably having established the team or been part of a growing team within compliance or training and competency that sat within the distribution centres of a financial services company.
* Degree educated and you must have an excellent understanding of financial planning/investment management and the needs and demands of clients that receive financial planning services.
* A sound working knowledge of the FCA Handbook, particularly on Financial Crime Prevention and Training and Competency.
Salary: up to £75,000
Location: UK (flexible working with various offices around the country)