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- Tasks: Lead the development of compliance functions and support financial planning strategies.
- Company: Join a growing Wealth Manager focused on delivering top-notch financial advice.
- Benefits: Enjoy flexible working options and competitive salary up to £75,000.
- Why this job: Be part of a forward-thinking team that values compliance and client care.
- Qualifications: Degree educated with experience in compliance or training within financial services.
- Other info: Opportunity to shape the first line compliance function in a dynamic environment.
The predicted salary is between 45000 - 75000 £ per year.
Lutine Bell are currently supporting a growing Wealth Manager looking to appoint a Compliance Manager into the 1LOD to scope and build the first line function in the business.
Responsibilities:
- Supporting the structured handover of first line tasks currently with the Central Compliance function.
- Supporting the Financial Planning Leadership Team with key decisions on distribution strategies, ensuring that the financial advice provided is best in class.
- Advising the FP Leadership Team on changes to the Advice framework and providing consultation with horizon scanning and consumer duty compliance.
- Providing oversight of training and competency (“T&C”) for existing and new advisers, including tracking their progress to Competent Adviser Status (“CAS”).
- Gathering annual evidence of competency for advisers as part of the annual renewal of Certificates under The Senior Managers and Certification Regime (“SM&CR”) and driving higher standards and efficiency in this process.
- Oversight of adviser CPD and SPS logs and gathering quarterly Chartered information for the annual submission to the PFS.
- Production, maintenance, and future development of the Adviser Bonus Overlay.
- Production, maintenance, and future development of the paraplanning Bonus Overlay.
- Closely supporting the production and development of suitability reports.
- Processing and analysing MI on various data points, including our approach to supporting vulnerable clients and evidencing annual reviews.
Requirements:
- Previous experience of working within a first line environment, preferably having established or been part of a growing team within compliance or training and competency in financial services.
- Degree educated with an excellent understanding of financial planning/investment management and the needs of clients receiving financial planning services.
- A sound working knowledge of the FCA Handbook, particularly on Financial Crime Prevention and Training and Competency.
Salary: up to £75,000
Location: UK (flexible working with various offices around the country)
Compliance Manager (1LOD) employer: Lutine Bell
Contact Detail:
Lutine Bell Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Manager (1LOD)
✨Tip Number 1
Network with professionals in the compliance and financial services sectors. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in compliance management.
✨Tip Number 2
Familiarise yourself with the specific compliance challenges faced by wealth managers. Research recent case studies or news articles that highlight compliance issues in this sector to demonstrate your understanding during interviews.
✨Tip Number 3
Prepare to discuss your experience in building or supporting first line compliance functions. Be ready to share specific examples of how you've contributed to compliance frameworks or training programmes in previous roles.
✨Tip Number 4
Stay updated on the FCA Handbook and any changes related to Financial Crime Prevention and Training and Competency. Being knowledgeable about current regulations will show your commitment to compliance excellence.
We think you need these skills to ace Compliance Manager (1LOD)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compliance and training within financial services. Emphasise any roles where you supported first line functions or contributed to team growth.
Craft a Compelling Cover Letter: In your cover letter, address how your background aligns with the responsibilities outlined in the job description. Mention specific examples of your experience with FCA regulations and your understanding of financial planning.
Showcase Your Knowledge: Demonstrate your understanding of the FCA Handbook and its application in your previous roles. Discuss how you've implemented compliance measures or improved training processes in past positions.
Highlight Leadership Skills: Since the role involves advising the Financial Planning Leadership Team, emphasise your leadership experience. Provide examples of how you've influenced decision-making or led initiatives that improved compliance standards.
How to prepare for a job interview at Lutine Bell
✨Showcase Your Compliance Knowledge
Make sure to brush up on the FCA Handbook, especially sections related to Financial Crime Prevention and Training and Competency. Be prepared to discuss how your knowledge can help the company enhance its compliance framework.
✨Demonstrate Leadership Experience
Since this role involves building the first line function, highlight any previous experience you have in establishing or growing compliance teams. Share specific examples of how you’ve led initiatives that improved compliance standards.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world compliance scenarios. Think about past challenges you've faced and how you navigated them, particularly in relation to financial planning and client needs.
✨Emphasise Training and Development Skills
As oversight of training and competency is a key responsibility, be ready to discuss your approach to developing advisers and tracking their progress. Share any successful training programmes you've implemented in the past.
