At a Glance
- Tasks: Oversee compliance projects, manage risks, and ensure operational efficiency in wealth planning.
- Company: Prestigious private bank with a strong UK presence and commitment to excellence.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Collaborative environment with opportunities to engage with senior management.
- Why this job: Join a dynamic team and make a real impact on client outcomes and compliance.
- Qualifications: Experience in financial planning or wealth management, with strong PMO skills.
The predicted salary is between 66150 - 80850 £ per year.
A prestigious private bank with a significant and growing presence in the UK is seeking a Wealth Planning Business Manager, with strong PMO expertise. This candidate will be responsible for the operational oversight, governance control, and regulatory integrity of the wealth compliance project functions.
Key Responsibilities:
- Governance & Risk Management: Work closely with Risk and Compliance to maintain robust controls. Oversee file review outcomes and suitability report quality. Support internal and external FCA audits and ensure that any findings or remedial actions are addressed promptly. Use findings and remedial actions to better improve processes.
- Operational Oversight & Process Control: Own and develop the end-to-end suitability process. Ensure that every element of the process runs effectively and efficiently. Maintain an overall culture of minimal errors, compliance and good outcomes for clients. Ensure documentation standards meet FCA expectations. Improve workflow efficiency. Oversee the operational workflows of the wealth planning workstream. Identify inefficiencies and bottlenecks in administrative and advisory processes. Ensure all wealth planning processes comply with FCA regulations. Manage capacity planning and coordinate support to ensure the business is adequately supported to be able to deliver commercial objectives.
- Consumer Duty & Client Outcomes Oversight: Ensure advice processes deliver good client outcomes under Consumer Duty. Support annual Consumer Duty Board reporting. Oversee remediation programmes where outcome gaps are identified.
- Complaints Handling: Assist the off-team complaints handlers. Act as liaison for complaints raised by clients against third parties through the wealth planning team. Submit and manage complaints raised against third parties by the bank.
- Third-Party Provider Management: Build and maintain strong relationships with third parties. Negotiate terms and service agreements with providers to ensure value for money and high-quality service delivery. Monitor the performance of third-party providers and address any issues or concerns promptly. Facilitate the panel selection process and ensure high quality data and records are kept for all panel products.
- Project Management: Lead and manage projects to improve the efficiency and effectiveness. Coordinate cross-functional initiatives, ensuring timely delivery and alignment with business objectives. Prepare and present project updates to senior management and stakeholders.
- Technical Resource: Own all technical documentation.
- Stakeholder Engagement: Act as liaison between Wealth Planners, Relationship Managers, Compliance & Risk, Finance, Investment Services. Act as a key point of contact for bank-wide initiatives, ensuring the wealth planning team is informed of and aligned with broader bank objectives.
- Strategy & Business Planning: Support the Head of Financial Planning in developing and executing a UK-compliant growth strategy. Embed Consumer Duty principles into commercial planning. Produce reports and research on market trends, competitor offerings, changing products.
- Data Management: Oversee the integrity of client data within the wealth planning systems, ensuring the correctness of files for audits and accurate management information can be extracted for reporting. Support the Head of Wealth Planning to prepare regular business updates, management information (MI) and strategic reports for the head of wealth planning and the Exco.
About You:
- Extensive experience within UK financial planning or wealth management ideally in a PMO function or similar.
- Strong understanding of FCA Handbook (COBS, SYSC, PROD).
- Experience operating under SMCR.
- Experience in business management, operations, or practice management.
- Demonstrated understanding of Consumer Duty requirements.
For further information please contact Natalie Eshelby.
Wealth Planning Business Manager – Compliance PMO in London employer: Compliance Professionals
As a leading wealth management firm in Greater London, we pride ourselves on fostering a collaborative work environment that prioritises compliance excellence and professional growth. Our commitment to employee development is reflected in our comprehensive training programmes and supportive culture, making us an ideal employer for compliance professionals seeking meaningful and rewarding careers in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Wealth Planning Business Manager – Compliance PMO in London
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We think you need these skills to ace Wealth Planning Business Manager – Compliance PMO in London
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