At a Glance
- Tasks: Lead a team ensuring compliance and competency in financial advice.
- Company: Join one of the UK's largest wealth management firms with over 250 years of trusted history.
- Benefits: Enjoy a hybrid work model and competitive salary between £70k - £90k.
- Why this job: Shape the future of financial planning while driving positive change and innovation.
- Qualifications: Minimum Diploma level 4; Level 6 qualified preferred.
- Other info: Opportunity to work with senior stakeholders and influence company strategy.
The predicted salary is between 56000 - 84000 £ per year.
Job Description
Supervision and Competency Manager – Financial Planning
London – hybrid
Salary £70k – £90k
What the Hiring Manager Says
We provide highly personalised and comprehensive financial advice for individuals and families with needs such as significant investments, estate planning, and preparing for retirement. We are part of a leading provider of advice, investment platforms, multi-asset investment solutions, and discretionary fund management, listed on the London and Johannesburg stock exchanges, managing over £111.6 billion of client investments (as of March 2024).
With a trusted history of over 250 years, we ensure our clients’ investments are managed with precision and foresight. Today, we are one of the UK’s largest wealth management firms, offering expert discretionary investment management and financial planning.
If you want to play a part in shaping the future of our business, bringing new ideas and challenges, now is a great time to join us.
About the Role
Responsibilities:
- Lead an operational team, providing regulatory supervision over our adviser population and their adherence to the firm’s Training and Competency scheme and the overarching control environment.
- Work closely with counterparts in Distribution, Business Assurance, Advice Standards, and Proposition.
- Define, lead, and manage the operation of adviser activity to manage risk and ensure good customer outcomes.
- Provide strong leadership, working with other key stakeholders and teams in shaping the development of the overall strategy and business plan.
- Deliver key commitments outlined in the firm’s Training and Competency scheme, including the monitoring of our advisers’ KRIs and oversight of advice with accurate Management Information delivery.
- Identify trends where policy and processes could be improved to mitigate risks.
- Lead a risk-focused culture and identify areas for continuous improvements, including leading the team in necessary competency training interventions.
- Oversee the management of advisers not performing against the firm’s compliance and conduct expectations, including issuing disciplinary action up to and including a final written warning.
- Ensure problem-solving through a risk lens and adapt resource plans to mitigate risks appropriately.
- Manage identified operational issues by reporting to relevant stakeholders and maintaining effective communication.
- Consistently review capacity management based on risks presented and deliver programmes of change, supporting or leading specific change projects.
- Lead on risk identification and implement appropriate mitigations or interventions as outlined in the firm’s Training and Competency scheme.
- Develop, own, and review all documented procedures ensuring accuracy and consistency of application.
- Address any audit findings, interdepartmental feedback, and help deliver the agreed remedy.
- Develop and maintain strong and effective relationships with a range of internal and external stakeholders to ensure clear communication and best practice approaches are identified and shared.
About You
Key Attributes:
- Lead by example, promoting exceptional performance, empowerment, accountability, and professionalism.
- Provide inspirational leadership, engaging employees, teams, and key stakeholders, supporting a high-performing culture and a customer-centric environment.
- Understand a commercial mindset and readily challenge the status quo to help redefine the business and differentiate in the marketplace.
- Ability to create and implement change.
- Strong communication skills to navigate complex environments, manage multiple senior stakeholders, and simplify complex concepts.
- Strong analytical approach and inquisitive nature.
- Able to represent and interact with all areas of the Company on compliance, sales, and advice processes.
- Display sound judgement when recommending policy/process changes.
- Flexible and adaptive to an ever-changing environment, able to work under pressure while remaining focused and calm.
- Attention to detail.
- Demonstrate flexibility, prioritise workloads, and work on your own initiative.
- Minimum of Diploma level 4 but ideally Level 6 qualified or making progress towards.
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Supervision and Competency Manager - Financial Planning employer: IDEX Consulting Ltd
Contact Detail:
IDEX Consulting Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Supervision and Competency Manager - Financial Planning
✨Tip Number 1
Familiarize yourself with the latest regulations and compliance standards in financial planning. This knowledge will not only help you in interviews but also demonstrate your commitment to maintaining high standards in supervision and competency.
✨Tip Number 2
Network with professionals in the wealth management sector, especially those involved in regulatory supervision. Engaging with industry peers can provide insights into best practices and may even lead to referrals for the position.
✨Tip Number 3
Prepare to discuss specific examples of how you've led teams or managed compliance issues in the past. Highlighting your leadership experience and problem-solving skills will be crucial in showcasing your fit for this role.
✨Tip Number 4
Stay updated on trends in financial planning and risk management. Being able to speak knowledgeably about current challenges and innovations in the field will set you apart as a candidate who is proactive and forward-thinking.
We think you need these skills to ace Supervision and Competency Manager - Financial Planning
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description and understand the key responsibilities and attributes required for the Supervision and Competency Manager position. Tailor your application to highlight how your experience aligns with these requirements.
Highlight Leadership Experience: Since the role emphasizes strong leadership and the ability to manage teams, make sure to include specific examples of your leadership experience in your CV and cover letter. Discuss how you have previously led teams, managed performance, and fostered a high-performing culture.
Showcase Analytical Skills: The job requires a strong analytical approach. In your application, provide examples of how you've used analytical skills to identify trends, mitigate risks, or improve processes in previous roles. This will demonstrate your capability to handle the responsibilities outlined in the job description.
Tailor Your Communication Style: Given the importance of communication in this role, ensure that your application reflects your ability to communicate complex concepts clearly. Use concise language and structure your application in a way that is easy to follow, showcasing your strong communication skills.
How to prepare for a job interview at IDEX Consulting Ltd
✨Showcase Your Leadership Skills
As a Supervision and Competency Manager, strong leadership is key. Be prepared to share examples of how you've led teams effectively, promoted accountability, and fostered a high-performing culture in your previous roles.
✨Demonstrate Your Analytical Mindset
Highlight your analytical skills by discussing specific instances where you've identified trends or risks and implemented changes. This will show your ability to navigate complex environments and make data-driven decisions.
✨Communicate Clearly and Confidently
Strong communication skills are essential for this role. Practice simplifying complex concepts and be ready to explain how you would engage with multiple senior stakeholders to ensure clear communication and best practices.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities through a risk lens. Prepare to discuss how you would handle operational issues, manage compliance expectations, and lead necessary competency training interventions.