At a Glance
- Tasks: Monitor compliance and assess risks within a leading wealth management group.
- Company: Join Wealthtime, part of the Quanta group, a top UK wealth management firm.
- Benefits: Competitive salary, professional development, and a supportive work culture.
- Other info: Dynamic role with opportunities for career growth and skill enhancement.
- Why this job: Make a real impact on compliance in the financial services industry.
- Qualifications: Experience in compliance monitoring within financial advice or platform sectors.
The predicted salary is between 36000 - 60000 € per year.
Wealthtime is part of Quanta group, one of UK’s leading wealth management groups, bringing together Wealthtime Ltd, Copia Capital Management, and Craven Street Wealth. As a Senior Compliance Monitoring Associate you will assist in monitoring and assessing the compliance of the Quanta Group with relevant laws, regulations, and internal policies. Working closely with the wider compliance team to ensure that the Quanta Group operates within the boundaries set by regulatory authorities and maintains a strong compliance culture. The role holder will support the Compliance team to maintain a sound and robust compliance framework appropriate to the Quanta Group. We are seeking two Senior Compliance Monitoring Associates to help us deliver the Compliance Monitoring Plan which covers all activities within the Quanta Group, including Platform, DFM and Financial Advice.
Key Responsibilities:
- Conduct regular and ad-hoc compliance monitoring reviews to evaluate Quanta Group’s compliance with relevant laws, regulations, and internal policies.
- Identify and assess compliance risks, including regulatory, operational, and reputational risks, and develop appropriate monitoring plans to address these risks.
- Collaborate with business units and other stakeholders to ensure compliance with applicable laws, regulations, and industry best practices.
- Review and analyse regulatory changes and industry developments to assess their impact on Quanta Group’s monitoring program.
- Prepare comprehensive compliance monitoring reports, highlighting findings, recommendations, and areas for improvement, and present them to senior management and relevant committees.
- Monitor the implementation of corrective actions and recommendations resulting from compliance monitoring reviews and regulatory inspections.
- Stay updated on emerging trends, regulatory changes, and best practices in compliance monitoring within the financial services industry.
- Create and comment on compliance assurance MI that feed into the Compliance Officer’s Board Reports.
- Foster a culture of compliance and ethics throughout the organisation by promoting awareness and understanding of compliance obligations.
Specialist Skills, Qualifications and Experience:
Essential:
- For the platform focused role we are seeking experience in a compliance monitoring role within the advisor platform sector.
- For the advice focused role we are seeking experience with monitoring adviser activity, including file reviews.
- In-depth knowledge of relevant laws, regulations, and industry best practices, such as AML, KYC, MiFID, GDPR, and other applicable regulations.
- Strong understanding of financial products, services, and operations within the financial services industry.
- Proven experience completing risk-based compliance monitoring programs.
- Excellent analytical skills with the ability to identify and assess compliance risks and develop appropriate monitoring plans.
- Strong communication and interpersonal skills to effectively collaborate with stakeholders at all levels of the organisation.
- Detail-oriented with the ability to conduct thorough reviews and produce accurate and comprehensive reports.
- Ability to work independently and manage multiple projects simultaneously, meeting deadlines and delivering high-quality work.
- Strong ethical standards and a commitment to maintaining confidentiality and integrity in handling sensitive information.
- Self-motivator with a proactive attitude.
- Strong IT skills (Particularly Excel, SharePoint and other MS office applications).
Desirable:
- Relevant business qualification e.g., Certified Regulatory Compliance Manager or CISI Compliance Diploma.
Senior Compliance Monitoring Associate employer: Novia Financial plc
Wealthtime, as part of the Quanta Group, is an exceptional employer that fosters a strong compliance culture and prioritises employee development within the dynamic wealth management sector. With a commitment to maintaining a robust compliance framework, employees benefit from a collaborative work environment, opportunities for professional growth, and the chance to make a meaningful impact in the financial services industry. Located in the UK, Wealthtime offers a supportive atmosphere where compliance professionals can thrive and contribute to the organisation's success.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Compliance Monitoring Associate
✨Tip Number 1
Network like a pro! Reach out to your connections in the compliance field, especially those who work in wealth management. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of relevant laws and regulations. Be ready to discuss how you've tackled compliance challenges in the past. We want to see your analytical skills in action!
✨Tip Number 3
Showcase your experience with compliance monitoring programs during interviews. Use specific examples to highlight your ability to identify risks and develop effective monitoring plans. This is your chance to shine!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Senior Compliance Monitoring Associate
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Compliance Monitoring Associate role. Highlight your relevant experience in compliance monitoring, especially within the platform or financial advice sectors. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about compliance and how your background makes you a perfect fit for our team. Don't forget to mention specific laws and regulations you've worked with that are relevant to the role.
Showcase Your Analytical Skills:Since this role requires strong analytical skills, be sure to include examples of how you've identified compliance risks and developed monitoring plans in your application. We love seeing real-life examples that demonstrate your expertise!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you'll be able to submit all your documents in one go. Plus, it shows us you're serious about joining the StudySmarter family!
How to prepare for a job interview at Novia Financial plc
✨Know Your Compliance Stuff
Make sure you brush up on relevant laws and regulations like AML, KYC, and MiFID. Being able to discuss these confidently will show that you’re not just familiar with compliance but that you live and breathe it.
✨Showcase Your Analytical Skills
Prepare examples of how you've identified compliance risks in the past and the steps you took to mitigate them. This will demonstrate your analytical prowess and your ability to develop effective monitoring plans.
✨Communicate Like a Pro
Since this role involves collaboration with various stakeholders, practice articulating your thoughts clearly. Think about how you can present complex compliance issues in a way that’s easy for others to understand.
✨Be Ready for Scenario Questions
Expect questions that put you in hypothetical situations related to compliance monitoring. Prepare by thinking through how you would handle different compliance challenges, as this will showcase your problem-solving skills.
