At a Glance
- Tasks: Lead compliance strategy and ensure regulatory excellence in a growing wealth management firm.
- Company: Boutique Independent Financial Adviser with a focus on high-net-worth clients.
- Benefits: Competitive salary, performance bonus, hybrid working, and comprehensive benefits package.
- Other info: Join a dynamic leadership team and influence the firm's direction.
- Why this job: Shape the future of compliance while supporting business growth and client outcomes.
- Qualifications: Experience in compliance roles and understanding of FCA regulations required.
The predicted salary is between 100000 - 100000 £ per year.
An outstanding opportunity has arisen to join a highly respected boutique Independent Financial Adviser as their Compliance Officer, taking responsibility for the SMF16 (Compliance Oversight) and SMF17 (Money Laundering Reporting Officer) functions. This is a senior leadership role within a successful and growing wealth management business that advises high-net-worth individuals, entrepreneurs and families. The successful candidate will work closely with the Partners and senior management team to shape the firm's compliance strategy, ensuring regulatory excellence whilst supporting continued commercial growth. This is far more than a traditional compliance role. You'll play a key part in embedding a practical, business-focused compliance culture that supports advisers in delivering outstanding client outcomes while maintaining the highest standards of governance.
Responsibilities:
- Holding SMF16 and SMF17 responsibilities
- Preparing and presenting Consumer Duty and AML annual reports
- Designing and delivering a risk-based Compliance Monitoring Programme
- Conducting technical advice file reviews and providing constructive feedback
- Completing RMAR returns and maintaining regulatory reporting
- Managing complaints and overseeing Suspicious Activity Reports (SARs)
- Reviewing and approving higher-risk advice cases, including pension switches, EIS, VCTs and inheritance tax planning
- Developing and enhancing compliance policies, procedures and governance frameworks
- Supporting the Investment Committee with governance of the Centralised Investment Proposition (CIP) and Centralised Retirement Proposition (CRP)
- Delivering compliance training and providing ongoing technical support to advisers, paraplanners and operational teams
- Driving continuous improvement across the compliance function through effective use of technology and management information
The successful applicant will have previous experience undertaking SMF16 and/or SMF17 responsibilities within an established Independent Financial Adviser or wealth management firm.
Qualifications and Skills:
You'll possess a thorough understanding of the FCA Handbook, Consumer Duty, Anti-Money Laundering regulations, financial promotions, complaints handling and GDPR, together with a commercial approach that enables compliance to support business growth. Ideally, you will hold the Diploma in Regulated Financial Planning (or equivalent), relevant compliance qualifications and demonstrate an ongoing commitment to professional development.
Benefits and How to Apply:
In return, you'll join a growing boutique wealth management business where your expertise will genuinely influence the future direction of the firm. Alongside a basic salary of £100,000+, the company offers a performance-related bonus, comprehensive benefits package, hybrid working and the opportunity to become an integral member of the senior leadership team.
Compliance Officer employer: mbf
Join a leading UK wealth management business in Leeds, where you will thrive in a dynamic and high-performing team dedicated to client success. With a clear pathway for career progression to Investment Manager within 1-2 years, alongside outstanding benefits such as a discretionary bonus, generous pension contributions, and private medical insurance, this role offers not just a job but a meaningful career in investment management. Embrace the opportunity to build strong professional relationships and contribute to impactful financial outcomes while enjoying a supportive work culture that prioritises your growth and well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Officer
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like mbf looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Officer
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at mbf. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at mbf
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with mbf’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
