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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 changes and make a real impact in the finance sector.
- Qualifications: Legal training or degree with 7+ years in regulatory compliance at a UK financial institution.
- Other info: Work closely with FCA and senior management to shape compliance strategies.
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, webinars, or local meetups to connect with people who can provide insights into the role and potentially refer you to opportunities.
✨Tip Number 2
Stay updated on the latest FCA regulations and compliance trends. Subscribe to relevant newsletters or follow key influencers in the regulatory space on social media to ensure you're well-informed and can discuss current issues during interviews.
✨Tip Number 3
Prepare for potential interview questions by reviewing common scenarios faced in regulatory compliance roles. Think about how you would handle specific compliance challenges and be ready to share your experiences and solutions.
✨Tip Number 4
Research the company’s values and recent news related to their compliance practices. Tailor your discussions to show how your experience aligns with their goals and how you can contribute to their compliance framework.
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 demonstrate your ability to manage compliance risks.
Craft a Strong Cover Letter: In your cover letter, address the key responsibilities outlined in the job description. Discuss your experience with FCA regulations and how you have successfully managed compliance issues in previous roles. Be sure to convey your passion for the industry and your understanding of the firm's objectives.
Showcase Communication Skills: Given the importance of communication in this role, provide examples in your application of how you've effectively communicated complex regulatory information to stakeholders. This could be through reports, presentations, or direct interactions.
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 crucial 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. Share specific examples of compliance policies you've developed or regulatory projects you've managed to 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 skills 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.
