At a Glance
- Tasks: Join our Compliance team to monitor and implement regulatory changes in wealth management.
- Company: LGT Wealth Management, a prestigious firm owned by the Princely Family of Liechtenstein.
- Benefits: Gain valuable experience in compliance with opportunities for professional growth.
- Other info: Dynamic work environment with a focus on innovation and integrity.
- Why this job: Shape your career while ensuring our firm stays ahead in regulatory compliance.
- Qualifications: 2 years in wealth management or private banking; strong understanding of FCA rules.
The predicted salary is between 35000 - 45000 £ per year.
LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. Our aim is to offer a fresh approach to wealth management. We have a presence in London, Edinburgh, Jersey, Leeds, Birmingham and Bristol. Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values.
The role of the Compliance Team is to establish, implement, maintain and monitor adequate policies and procedures to ensure the Firm’s compliance with its obligations under the regulatory systems and to counter the risk of financial crime. The team provides support to new business initiatives and advises on day-to-day issues.
Brief Role Objective
Member of the Compliance team reporting to the Senior Compliance Officer (Regulatory Compliance). The Regulatory Compliance team is responsible for regulatory developments, ESG topics, cross-border and fund compliance. This role will act as an SME in regulatory developments, ensuring LGT is ahead of changes within the regulatory landscape. This is an opportunity to shape the position and develop your skillset accordingly, working with senior stakeholders to influence policy, systems and controls related to the regulatory landscape. The role also involves assisting with monitoring and testing as part of the Firm’s Compliance Monitoring Plan.
Key Responsibilities
- Undertake regular horizon scanning to identify new regulation and regulatory changes impacting LGT WM and the wealth management sector.
- Develop a strong understanding of the Firm’s proposition and use this knowledge to analyse and assist in applying regulatory change to the Business.
- Assist in writing regulatory communications to stakeholders across the business, including Senior Management.
- Assist with the implementation of any regulatory developments impacting the Compliance department and wider business.
- Develop and maintain ongoing management information for the Management Board.
- Undertake regular compliance monitoring to assist the Monitoring team with the CMP.
- Undertake daily routine tasks, as appropriate.
- Support projects ensuring compliance with regulatory and legislative requirements.
Your profile
Key Skills and Technical Requirements
- Good understanding of Wealth Management/Private Banking business gained through a minimum of 2 years of relevant experience.
- Demonstrable knowledge of various investment offerings and products.
- Good knowledge and practical experience of FCA rules particularly COBS is essential.
- Experience in interpreting and understanding regulations and regulatory communications.
- Excellent written and verbal communication skills.
Other Skills and Attributes
- Strong organisational skills including the ability to prioritise and meet critical deadlines.
- Excellent verbal and written communication skills.
- A team player but also able to work independently.
- Professional and keeps calm under pressure.
Assistant Compliance Officer employer: LGT Group
LGT Wealth Management UK LLP is an exceptional employer that prioritises employee growth and development within a supportive and innovative work culture. With a commitment to transparency and integrity, we empower our team members to contribute ideas that enhance our services while offering competitive benefits and a collaborative environment. Located in the heart of London, our firm provides unique opportunities to engage with senior stakeholders and shape the future of regulatory compliance in wealth management.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Compliance Officer
✨Tip Number 1
Network like a pro! Reach out to people in the compliance and wealth management sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have a lead on your dream job!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of FCA rules and regulations. Be ready to discuss how you can apply your understanding to LGT's operations. Show them you’re not just a candidate, but a potential game-changer for their compliance team!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great chance to reiterate why you’re the perfect fit for the Assistant Compliance Officer position.
✨Tip Number 4
Apply through our website for the best chance at landing that role! We love seeing candidates who take the initiative to engage directly with us. Make sure your application stands out by tailoring it to reflect our core values and mission.
We think you need these skills to ace Assistant Compliance Officer
Some tips for your application 🫡
Show Your Understanding of Wealth Management:Make sure to highlight your knowledge of the wealth management and private banking sector in your application. We want to see that you understand the industry and can relate it to the role of an Assistant Compliance Officer.
Tailor Your Application:Don’t just send a generic CV and cover letter! Tailor your application to reflect the specific skills and experiences mentioned in the job description. We love seeing candidates who take the time to connect their background with what we’re looking for.
Communicate Clearly:Since excellent written communication is key for this role, ensure your application is clear, concise, and free from errors. We appreciate well-structured applications that demonstrate your ability to communicate effectively.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, it shows you’re keen on joining our team at LGT Wealth Management!
How to prepare for a job interview at LGT Group
✨Know Your Regulations
Make sure you brush up on FCA rules, especially COBS. Being able to discuss these regulations confidently will show that you understand the compliance landscape and can contribute effectively to the team.
✨Understand the Business
Familiarise yourself with LGT Wealth Management's services and how they operate across different entities. This knowledge will help you demonstrate your ability to apply regulatory changes in a way that aligns with the firm's goals.
✨Prepare for Scenario Questions
Think about potential scenarios you might face in the role, such as how to handle a new regulatory change. Practising your responses will help you articulate your thought process clearly during the interview.
✨Showcase Your Communication Skills
Since you'll be writing regulatory communications, it's crucial to highlight your written and verbal communication skills. Prepare examples of how you've effectively communicated complex information in the past.
