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- Tasks: Ensure client files meet regulatory standards and support advisers in compliance.
- Company: Join a leading firm dedicated to maintaining high compliance standards in financial advice.
- Benefits: Enjoy flexible working options and opportunities for professional development.
- Why this job: Make a real impact by protecting clients and the business from regulatory risks.
- Qualifications: Experience in compliance, knowledge of FCA regulations, and a Level 4 Diploma in Financial Planning required.
- Other info: Ideal for detail-oriented individuals passionate about financial compliance.
The predicted salary is between 36000 - 60000 £ per year.
Job Purpose:
The Compliance and File Checker will be responsible for ensuring that all client files and financial advice given by the firm adhere to regulatory requirements and internal policies. You will conduct thorough compliance checks, support advisers in maintaining high standards, and mitigate regulatory risks within the business.
Key Responsibilities:
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Conduct detailed reviews of client files to ensure suitability, completeness, and compliance with Financial Conduct Authority (FCA) regulations.
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Review acquired client portfolios to ensure alignment with compliance standards and business objectives.
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Identify and escalate any compliance breaches or risks to senior management.
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Provide feedback and guidance to financial advisers to help maintain compliance standards.
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Assist in maintaining up-to-date compliance policies, procedures, and best practices.
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Monitor changes in financial regulations and ensure internal processes remain aligned.
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Assist in preparing regulatory reports and documentation as required.
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Support in internal audits and external regulatory reviews.
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Maintain accurate records of compliance checks and findings.
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Assist with training and development programs for advisers and support staff on compliance matters if required.
Skills & Experience Required:
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Experience in a compliance or file-checking role within an IFA firm.
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Strong knowledge of FCA regulations, including Conduct of Business (COBS) rules.
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Understanding of financial products, including pensions, investments, and protection.
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Excellent attention to detail and analytical skills.
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Strong communication skills, with the ability to provide constructive feedback.
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Ability to work independently and prioritise workload effectively.
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Proficiency in compliance software and Microsoft Office applications.
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Hold level 4 Diploma in Financial Planning
Key Competencies:
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Regulatory awareness
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Attention to detail
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Integrity and professionalism
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Strong organisational skills
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Effective problem-solving
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Excellent communication and interpersonal skills
This role is crucial in ensuring the firm maintains its high standards of compliance, helping to protect both clients and the business from regulatory risks. If you have a keen eye for detail and a passion for financial compliance, we would love to hear from you.
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Compliance Analyst employer: RMK Talent Solutions - 0131 220 9041
Contact Detail:
RMK Talent Solutions - 0131 220 9041 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Analyst
✨Tip Number 1
Familiarise yourself with the latest FCA regulations and guidelines. This will not only help you understand the compliance landscape but also demonstrate your commitment to staying updated, which is crucial for a Compliance Analyst role.
✨Tip Number 2
Network with professionals in the compliance field, especially those working in IFA firms. Attend industry events or join relevant online forums to gain insights and make connections that could lead to job opportunities.
✨Tip Number 3
Consider obtaining additional certifications related to compliance or financial regulations. This can enhance your qualifications and show potential employers that you are serious about your career in compliance.
✨Tip Number 4
Prepare for interviews by practising how to articulate your experience with compliance checks and your understanding of regulatory requirements. Be ready to discuss specific examples where you've identified and resolved compliance issues.
We think you need these skills to ace Compliance Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance or file-checking roles, particularly within an IFA firm. Emphasise your knowledge of FCA regulations and any specific achievements that demonstrate your attention to detail.
Craft a Strong Cover Letter: In your cover letter, express your passion for financial compliance and how your skills align with the job requirements. Mention your understanding of financial products and your ability to provide constructive feedback to advisers.
Showcase Relevant Skills: Highlight your analytical skills and proficiency in compliance software. Provide examples of how you've successfully managed compliance checks or contributed to maintaining high standards in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A well-presented application reflects your attention to detail, which is crucial for a Compliance Analyst role.
How to prepare for a job interview at RMK Talent Solutions - 0131 220 9041
✨Know Your Regulations
Familiarise yourself with the Financial Conduct Authority (FCA) regulations, especially the Conduct of Business (COBS) rules. Being able to discuss these regulations confidently will show your understanding of the compliance landscape.
✨Demonstrate Attention to Detail
Prepare examples from your past experience where your attention to detail made a significant impact. This could be in identifying compliance breaches or ensuring client files were complete and suitable.
✨Showcase Your Communication Skills
Be ready to discuss how you provide constructive feedback to advisers. Effective communication is key in compliance roles, so highlight any experiences where you've successfully guided others.
✨Prepare for Scenario Questions
Anticipate questions that may ask how you would handle specific compliance scenarios or breaches. Think through your problem-solving approach and be prepared to articulate your thought process clearly.
