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- Tasks: Lead compliance monitoring and ensure regulatory standards are met across the firm.
- Company: Join a leading Wealth Management firm known for its innovative investment solutions.
- Benefits: Enjoy hybrid working, career development opportunities, and a supportive team environment.
- Why this job: Make a real impact in compliance while growing your career in a dynamic industry.
- Qualifications: Experience in compliance monitoring or audit; Level 4 Diploma in Financial Planning is a plus.
- Other info: Work with a talented team and engage with stakeholders to drive excellence.
The predicted salary is between 43200 - 72000 £ per year.
We are seeking a Head of Compliance Monitoring to join a recently acquired Wealth Management firm. Our client is a prominent provider of pension schemes and investment platforms, offering comprehensive business process outsourcing, technology solutions, and full-spectrum front-to-back office support services.
Responsibilities:
- Design an annual monitoring plan to ensure all areas are covered in accordance with regulatory expectations and client requirements.
- Consider higher risk areas in the monitoring plan after discussions with senior management.
- Develop or oversee detailed monitoring programmes across relevant areas, ensuring updates when regulations or SOPs change.
- Coordinate with relevant areas and allocate staff (UK & offshore) to execute monitoring activities.
- Review findings, distinguish between system issues and regulatory breaches, and decide on reporting procedures.
- Investigate breaches and issues, recommend remedial actions, and enhance SOPs and controls.
- Discuss findings with management and issue reports.
- Ensure follow-up actions are implemented effectively.
- Manage, mentor, and train UK and offshore teams.
- Assist in client visits as needed.
Essential skills & experience required:
- Experience in compliance monitoring or audit within retail investments, with the ability to quickly learn pensions regulations if not previously covered.
- Proven experience in the Wealth, Investment, or Asset Management industry.
- Level 4 Diploma in Financial Planning is advantageous.
- Previous staff management experience, including resource allocation.
- Expert knowledge of regulations and their application across relevant business activities.
- Ability to work independently and under pressure.
- Organized and efficient work approach.
- Strong written and verbal communication skills.
- Credible, assertive, and professional demeanor.
- Discretion, tact, resilience, and influencing skills.
- Ability to engage with internal stakeholders and regulators effectively.
- Commitment to customer interests and high standards of market conduct.
Location: Hybrid (London/Reading office 2-3 times per week)
Momenta is a UK market-leading financial services resourcing business, offering excellent career development opportunities. If you possess the relevant skills and experience, apply today to join a company dedicated to quality resources, consulting expertise, and people development in financial services.
Head of Compliance Monitoring employer: Momenta Group Global
Contact Detail:
Momenta Group Global Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Compliance Monitoring
✨Tip Number 1
Familiarise yourself with the latest regulations and compliance standards in the Wealth Management sector. This will not only help you understand the role better but also demonstrate your commitment to staying updated, which is crucial for a Head of Compliance Monitoring.
✨Tip Number 2
Network with professionals in the compliance and wealth management fields. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in compliance monitoring.
✨Tip Number 3
Prepare to discuss your previous experience in compliance monitoring or audit during interviews. Be ready to share specific examples of how you've handled regulatory breaches or developed monitoring programmes, as this will showcase your expertise.
✨Tip Number 4
Demonstrate your leadership skills by discussing how you've managed teams in the past. Highlight your ability to mentor and train staff, as well as your experience in resource allocation, which are key aspects of the Head of Compliance Monitoring role.
We think you need these skills to ace Head of Compliance Monitoring
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in compliance monitoring or audit within retail investments. Emphasise any relevant roles in the Wealth, Investment, or Asset Management industry, and include specific examples of how you've managed teams or developed monitoring programmes.
Craft a Strong Cover Letter: In your cover letter, address the key responsibilities outlined in the job description. Discuss your approach to designing monitoring plans and your experience with regulatory compliance. Be sure to convey your ability to work under pressure and your commitment to high standards of market conduct.
Showcase Relevant Skills: Highlight your strong written and verbal communication skills in both your CV and cover letter. Provide examples of how you've effectively engaged with internal stakeholders and regulators, as well as your experience in mentoring and training teams.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial for a role in compliance monitoring.
How to prepare for a job interview at Momenta Group Global
✨Understand Regulatory Frameworks
Make sure you have a solid grasp of the relevant regulations in the Wealth Management sector. Familiarise yourself with compliance monitoring practices and be prepared to discuss how you would apply these in the role.
✨Showcase Your Leadership Skills
As a Head of Compliance Monitoring, you'll need to manage and mentor teams. Be ready to share examples of your previous staff management experiences and how you've successfully allocated resources in high-pressure situations.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills, especially regarding breaches and issues. Think of specific instances where you identified a problem, investigated it, and implemented effective solutions.
✨Communicate Clearly and Confidently
Strong communication skills are essential for this role. Practice articulating your thoughts clearly and confidently, especially when discussing complex regulatory topics or your past experiences in compliance monitoring.
