At a Glance
- Tasks: Ensure high-quality financial advice and compliance across various products.
- Company: Fast-growing startup revolutionising financial advice in the UK.
- Benefits: Competitive salary, equity potential, wellness support, and flexible working.
- Other info: Dynamic, supportive environment with opportunities for personal growth.
- Why this job: Join a purpose-driven team making a real impact on customers' lives.
- Qualifications: Deep knowledge of financial advice and compliance regulations required.
The predicted salary is between 50000 - 60000 £ per year.
About NOVANOVA Wealth is a fast growing start up looking to change the face of financial advice and the way it's delivered in the UK. We firmly believe that a human adviser needs to be at the heart of every client relationship, however by leveraging technology we can empower our advisers to deliver higher levels of service and cut out a lot of the day‑to‑day admin that gets in the way. At our core, we're here to build a game changer in the advice industry that delivers better customer outcomes, at a lower cost, for more people. Through customer‑centric advisers supported by our innovative Lifeline technology, we empower our customers to go beyond just making smarter financial decisions to living the lives they dream of.
About The Role At NOVA, we like to do things differently. We deliver full holistic financial advice across investments, pensions, protection and mortgages in an entirely digital way, and we hold ourselves to an exceptionally high standard on advice quality. We're looking for a technically excellent Compliance Manager to be our go‑to expert on what good advice looks like. You'll be the person who really knows the detail; the suitability and Finprom rules and the technical nuances of advice across products. You will use that knowledge to keep our advice quality high and our marketing compliant as we grow. You’ll work closely with our Head of Compliance, our advisers, and our technical planners, balancing rigour with a practical, supportive approach that helps advisers do their best work for clients.
What You’ll Be Doing:
- Running our advice quality, file checking and monitoring programme, reviewing the suitability of holistic financial advice across investments, pensions, protection and mortgages.
- Being the internal regulatory authority on advice: the person people come to with the tricky suitability and regulatory questions.
- Interpreting and applying FCA rules (especially COBS) in a practical, real‑world way that supports good advice being delivered quickly.
- Maintaining the compliance monitoring plan and working with other teams to embed compliance within them.
- Supporting financial crime / AML checks and other second‑line controls.
- Spotting trends in advice quality and feeding back to advisers and the business to drive continuous improvement.
- Helping keep our policies, procedures and training up to date as rules and propositions evolve.
- Supporting the Head of Compliance with regulatory reporting, projects and FCA interactions.
Requirements:
- Deep technical advice knowledge. This is the most important thing. You really know your stuff on suitability and the technical detail of advice across investments, pensions, protection and mortgages.
- Advice qualification preferred. A Level 4 or Level 6 Diploma in financial advice with a recognised professional body (CII, CISI, etc.) is a real plus.
- Compliance monitoring / advice experience. A background as a file checker, compliance monitoring specialist, senior paraplanner, technical consultant or experienced adviser.
- Detail‑oriented. High attention to detail, and the ability to explain technical points clearly and constructively to advisers.
- Knowledge of the rules. Strong working knowledge of the FCA Handbook (COBS), Consumer Duty, Financial Promotions, and the basics of financial crime / AML.
- Practical and commercial. While technical depth is the priority, you bring a pragmatic, solutions‑focused approach that supports advisers and helps the business move quickly and safely.
You’ll feel right at home if you’re…
- Helpful: random acts of kindness make the workplace a better place so, go out of your way to be helpful, and give people reasons to smile.
- Straightforward: life is complicated enough. Don’t make it harder for yourself, or for others. Sometimes the simplest approach works wonders.
- Bold: every great business started with a flash of inspiration. If you’ve got a great idea, don’t keep it to yourself.
Benefits:
- Join a firm with genuine purpose and impact on our customers, along with a strong moral code.
- Competitive salary + benefits (bonus, pension, private medical, income protection, death in service).
- Potential to get equity in the company in the future.
- Access to Wellness / mental health support (Headspace App + mental health support through private medical).
- Budget for additional learning / cost of exams.
- Electric vehicle leasing through salary sacrifice / cycle to work scheme.
- Flexible working hours and hybrid remote working (typically 2‑3 days a week working in the office (20 Farringdon Street)).
- Exceptionally open and diverse, multinational team.
- Entrepreneurial, creative environment.
Compliance Manager (Financial Advice) employer: NOVA
At NOVANOVA Wealth, we pride ourselves on being a forward-thinking employer that values innovation and employee well-being. Our dynamic work culture fosters collaboration and creativity, allowing you to thrive in a supportive environment while making a meaningful impact in the financial advice sector. With competitive benefits, opportunities for professional growth, and a commitment to work-life balance through flexible working arrangements, NOVANOVA is an excellent place to build your career as a Compliance Manager in the heart of London.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Manager (Financial Advice)
✨Tip Number 1
Network like a pro! Get out there and connect with people in the financial advice sector. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Show off your expertise! When you get the chance to chat with potential employers or during interviews, make sure to highlight your deep technical knowledge of compliance and suitability. Share specific examples of how you've navigated tricky regulatory questions in the past.
✨Tip Number 3
Be proactive! If you see a role that excites you, don’t wait for the perfect moment. Apply through our website and follow up with a friendly email expressing your enthusiasm. A little initiative goes a long way in making a memorable impression.
✨Tip Number 4
Prepare for the unexpected! Interviews can throw curveballs, so brush up on your knowledge of FCA rules and real-world applications. Practise explaining complex concepts in simple terms, as this will show your ability to communicate effectively with advisers.
We think you need these skills to ace Compliance Manager (Financial Advice)
Some tips for your application 🫡
Show Off Your Expertise:Make sure to highlight your deep technical knowledge in financial advice. We want to see how well you understand suitability and the nitty-gritty of investments, pensions, protection, and mortgages. Don’t hold back on showcasing your qualifications!
Be Clear and Concise:When writing your application, keep it straightforward. We appreciate clarity, so avoid jargon and get straight to the point. This will help us see your thought process and how you communicate complex ideas simply.
Tailor Your Application:Take a moment to align your experience with what we’re looking for. Mention specific examples that demonstrate your compliance monitoring skills and how you've supported advisers in the past. This shows us you’re not just sending a generic application!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important details about the role. Plus, we love seeing applications come through our own channels!
How to prepare for a job interview at NOVA
✨Know Your Stuff
Make sure you brush up on your technical knowledge regarding suitability and the nuances of financial advice across investments, pensions, protection, and mortgages. Being able to discuss these topics confidently will show that you’re the go-to expert they need.
✨Understand FCA Rules
Familiarise yourself with the FCA Handbook, especially COBS and Consumer Duty. Be prepared to discuss how you would apply these rules in a practical way to support good advice delivery. This will demonstrate your ability to balance compliance with the needs of advisers.
✨Show Your Detail Orientation
Highlight your attention to detail during the interview. Share examples of how you've successfully monitored compliance or checked files in the past. This will reassure them that you can maintain high standards while supporting advisers.
✨Be Helpful and Straightforward
Emphasise your helpful nature and straightforward approach. Share instances where you’ve made complex information easier for others to understand. This aligns perfectly with their culture of kindness and simplicity, making you a great fit for the team.
