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- Tasks: Lead compliance oversight in wealth management, ensuring adherence to FCA regulations.
- Company: Join a leading UK wealth management firm with a strong focus on compliance and governance.
- Benefits: Enjoy a competitive salary and a comprehensive benefits package.
- Why this job: Make a significant impact in a high-profile role while shaping compliance strategies.
- Qualifications: Extensive senior compliance experience in wealth management and strong FCA knowledge required.
- Other info: Hybrid working model with opportunities for professional growth and development.
The predicted salary is between 43200 - 72000 £ per year.
Core-Asset Consulting is partnering with a large, UK-based wealth management firm to recruit a senior compliance leader to take on the role of Head of Wealth Management Compliance (SMF16). This is a high-profile senior management position with responsibility for overseeing regulatory compliance across a sizeable financial advice business operating under the FCA framework. Reporting to the Group Chief Risk Officer, the role sits within the second line of defence and plays a key role in governance, regulatory engagement and strategic decision-making. The successful candidate will work closely with senior stakeholders across the business, providing oversight, challenge and expert compliance advice, while leading a small specialist advisory team. The role offers a hybrid working arrangement, with regular presence required at the firm's UK head office.
Essential Skills/Experience
- Significant senior-level compliance experience within wealth management or financial advice.
- Strong working knowledge of FCA regulation, including advisory, insurance distribution and mortgage-related requirements.
- Proven experience operating within a Senior Managers & Certification Regime (SM&CR) environment.
- Demonstrable experience engaging with regulators and senior governance committees.
- Strong ability to provide effective oversight, challenge and advisory support to the first line of defence.
- Experience working within a second line of defence compliance function.
- Confident communicator with the ability to influence senior stakeholders.
- Leadership experience, including management of specialist compliance professionals.
Core Responsibilities
- Act as SMF16 - Compliance Oversight, with additional responsibility for Insurance Distribution and Mortgage Credit Directive intermediation.
- Provide regulatory oversight to ensure all wealth management activities comply with FCA rules and guidance.
- Engage directly with the FCA on matters relating to the wealth management business.
- Advise the first line of defence on compliance matters, including policies, procedures and regulatory change.
- Review and oversee compliance-related policies, procedures, activities and complaints handled by the first line.
- Report to senior governance forums, including executive committees and board-level meetings.
- Oversee the execution and quality of the Compliance Monitoring Plan, working closely with monitoring teams.
- Assess regulatory change through horizon scanning and support effective implementation across the business.
- Provide compliance oversight and advice on business and change initiatives.
- Collaborate with Financial Crime, Risk and Investment Risk & Performance teams within the second line.
- Approve relevant system developments from a compliance perspective.
- Manage and develop a small team of advisory compliance specialists.
- Liaise with third-line assurance functions as required.
Benefits
- A highly competitive salary
- Wider benefits package
Core-Asset Consulting is an equal opportunities recruiter and we welcome applications from everyone irrespective of age, disability, gender, gender identity or expression, race, colour, ethnic or national origin, sexual orientation, religion or belief, marital/civil partner status or pregnancy.
Job reference: (16337) To apply for this vacancy applicants must be eligible to work in the UK in accordance with the Immigration, Asylum and Nationality Act 2006.
Head of Wealth Management Compliance in Newcastle upon Tyne employer: Core-Asset Consulting Ltd
Contact Detail:
Core-Asset Consulting Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Wealth Management Compliance in Newcastle upon Tyne
✨Network Like a Pro
Get out there and connect with people in the wealth management and compliance sectors. Attend industry events, join relevant LinkedIn groups, and don’t be shy about reaching out to potential contacts. We all know that sometimes it’s not just what you know, but who you know!
✨Show Off Your Expertise
When you get the chance to chat with hiring managers or during interviews, make sure to highlight your experience with FCA regulations and your leadership skills. We want to see you confidently discussing how you've navigated compliance challenges in the past.
✨Prepare for the Tough Questions
Expect some tricky questions about compliance scenarios and how you’d handle them. Brush up on your knowledge of the SM&CR environment and think through examples from your past roles. We’re here to help you feel ready to tackle anything they throw at you!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Head of Wealth Management Compliance in Newcastle upon Tyne
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Head of Wealth Management Compliance role. Highlight your senior-level compliance experience and knowledge of FCA regulations. We want to see how your background aligns with the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this position. Mention your leadership experience and how you've successfully engaged with regulators in the past. We love a good story that showcases your skills!
Showcase Your Communication Skills: As a confident communicator, it's essential to demonstrate your ability to influence senior stakeholders. In your application, include examples of how you've effectively communicated compliance matters in previous roles. We want to see your persuasive side!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about our company culture and values.
How to prepare for a job interview at Core-Asset Consulting Ltd
✨Know Your Regulations
Make sure you brush up on FCA regulations, especially those related to wealth management and financial advice. Being able to discuss specific regulations and how they apply to the role will show that you're not just familiar with compliance but are also ready to tackle the challenges head-on.
✨Showcase Your Leadership Skills
As a senior compliance leader, you'll need to demonstrate your leadership experience. Prepare examples of how you've managed teams or influenced stakeholders in previous roles. Highlighting your ability to lead a small advisory team will be crucial in making a strong impression.
✨Engage with Real Scenarios
Think about real-life compliance challenges you've faced and how you resolved them. Be ready to discuss these scenarios during the interview, as this will showcase your problem-solving skills and your ability to provide effective oversight and challenge.
✨Prepare for Regulatory Engagement
Since engaging with regulators is a key part of the role, prepare to discuss your experiences in this area. Think about how you've successfully navigated regulatory discussions in the past and be ready to share your strategies for maintaining strong relationships with regulatory bodies.
