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- Tasks: Manage regulatory compliance and assess risks for new projects in wealth management.
- Company: Join a global Wealth Management Firm supporting ultra-high-net-worth individuals.
- Benefits: Enjoy competitive salary, professional development opportunities, and a dynamic work environment.
- Why this job: Be at the forefront of regulatory compliance, making a real impact in the financial sector.
- Qualifications: Legal training or degree with 7+ years in regulatory compliance at a UK financial institution.
- Other info: Opportunity to work closely with FCA and enhance your expertise in compliance.
The predicted salary is between 48000 - 72000 £ per year.
THE COMPANY: We are working with an international Wealth Management Firm, who has offices across the globe and assists UHNI and Family offices to manage their wealth.
THE RESPONSIBILITIES:
- Identify and assess UK regulatory compliance risks and impact from new projects, products/services or arising from new regulations.
- Act as a focal point of contact with the FCA concerning regulatory matters and keep the General Manager, Head of Legal and Regulatory Compliance, Head Office and Management Committee updated as appropriate.
- Maintain knowledge and awareness of key regulatory changes related to Regulatory Compliance matters impacting the business, including review of relevant local consultation papers, discussion papers, guidance, policy statements, thematic reviews, and enforcement cases.
- Resolve and follow up any issues raised by the regulators in relation to regulatory compliance matters.
- Plan and manage all regulatory and internal audit requirements for regulatory compliance.
- Develop annual compliance risk assessment and compliance monitoring plan to ensure the objectives are monitored periodically and ensure local monitoring and follow up.
- Perform compliance monitoring in accordance with the compliance monitoring plan.
- Advise stakeholders on regulatory requirements and industry guidelines/ practices as set by the FCA.
EXPERIENCE REQUIRED:
- Must have legal training/law background or Degree background and work experience in Regulatory Compliance.
- At least 7 years’ relevant experience at a UK regulated bank, investment firm or Wealth Management in a second line of defence role.
- Excellent working knowledge and experience of developing compliance policies to ensure compliance with the applicable UK regulations.
- Strong knowledge with the FCA Handbook and ability to read and interpret rules and apply fact pattern to the rules.
- Excellent written and verbal communication skills to deliver accurate and concise advice.
- Experience in dealing with regulatory change projects, remediation/ Audit related issues and FCA inspections.
For further information please contact Hannah Tabatabai.
Regulatory Compliance Manager - Wealth management employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Compliance Manager - Wealth management
✨Tip Number 1
Network with professionals in the wealth management and regulatory compliance sectors. Attend industry events or webinars to connect with people who can provide insights into the role and potentially refer you to opportunities at our firm.
✨Tip Number 2
Stay updated on the latest FCA regulations and compliance trends. Subscribe to relevant newsletters or follow key influencers on social media to ensure you have a strong grasp of current issues that may impact the role.
✨Tip Number 3
Prepare for potential interviews by familiarising yourself with common compliance scenarios and how you would handle them. Think about specific examples from your past experience that demonstrate your ability to manage regulatory challenges effectively.
✨Tip Number 4
Research our company’s values and recent projects. Understanding our approach to wealth management and compliance will help you tailor your discussions and show how your background aligns with our goals when you apply through our website.
We think you need these skills to ace Regulatory Compliance Manager - Wealth management
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in regulatory compliance, particularly within wealth management or similar sectors. Emphasise your legal training and any specific projects that align with the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: Write a cover letter that directly addresses the key responsibilities of the role. Discuss your experience with FCA regulations and how you've successfully managed compliance risks in previous positions. Be sure to convey your passion for the industry and your understanding of the firm's objectives.
Showcase Communication Skills: Since excellent communication skills are crucial for this role, consider including examples in your application that demonstrate your ability to convey complex regulatory information clearly and concisely to various stakeholders.
Highlight Continuous Learning: Mention any ongoing education or training related to regulatory compliance, such as certifications or workshops. This shows your commitment to staying updated on regulatory changes and best practices, which is essential for the role.
How to prepare for a job interview at Compliance Professionals
✨Know Your Regulations
Make sure you have a solid understanding of the FCA Handbook and recent regulatory changes. Be prepared to discuss how these regulations impact the wealth management sector and provide examples of how you've navigated compliance issues in the past.
✨Demonstrate Your Experience
Highlight your relevant experience, especially your time spent in a second line of defence role. Be ready to share specific instances where you've developed compliance policies or managed regulatory audits, as this will showcase your expertise.
✨Communication is Key
Since the role requires advising stakeholders, practice articulating complex regulatory concepts in a clear and concise manner. Prepare to demonstrate your written and verbal communication skills through examples of reports or presentations you've delivered.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities in regulatory compliance situations. Think about past challenges you've faced and how you resolved them, as well as how you would approach hypothetical situations presented during the interview.
