At a Glance
- Tasks: Review client suitability and ensure compliance with FCA regulations.
- Company: Join Rathbones, a rewarding workplace focused on your career growth.
- Benefits: Hybrid working, clear progression paths, and a chance to share in our success.
- Other info: Dynamic team environment with opportunities for training and development.
- Why this job: Make a real impact by ensuring clients receive suitable investment advice.
- Qualifications: Attention to detail, strong communication skills, and knowledge of UK regulations.
The predicted salary is between 31500 - 38500 £ per year.
A rewarding place to work. At Rathbones, we invest in everyone's tomorrow that includes our people. We are always looking for future talent, and we can help you build a rewarding career with clear paths to progression and the opportunity to share in the success of our business.
About the Role
These are exciting roles based within the Quality Control (QC) team of Investment Risk working with the Front Office helping to ensure Rathbones fulfils its suitability obligations set out by the Financial Conduct Authority (FCA) in its regulations and Rathbones internal guidance. In accordance with our ongoing duty of care and obligations, we are required to demonstrate the suitability of our recommendations to our clients have been appropriately considered and justified at both the initial time of application and throughout the client lifecycle, and our clients are receiving suitable outcomes. To demonstrate suitability for posterity and provide evidence when subject to challenge, we need to document our suitability assessment i.e. what we have done, why we did it and when we did it. This is documented in the form of the About You Investment Mandate (AYIM) for existing clients and the initial About Your Investment Mandate (Welcome Letter) for new clients.
What you'll be responsible for:
- Understand how client records evidence suitability and be able to assess whether the advice given is suitable for our clients.
- Ensure the YIM/Client file provides enough justification of the suitability of any recommendations made to our clients to ensure it can stand up to any future challenge.
- Engage with colleagues to aid and support in helping files reach the standard required and report the findings accordingly.
- Provide technically appropriate answers to Front Office queries.
- Provide challenge to the Front Office on suitability judgements when appropriate.
- Follow up on past feedback to ensure any required actions are taken.
- Escalate issues detected in the file reviews, such as potential conduct risk issues.
- Provide support and training in respect of Suitability to the Front Office and other parts of Rathbones as required.
About you
If you meet some of these criteria and are excited about the role, we encourage you to apply:
- High attention to detail.
- Good written and numerical skills.
- Strong IT literacy and able to navigate new systems.
- Able to communicate effectively.
- An ability to provide written feedback to colleagues.
- Good understanding of the UK Regulatory Framework.
- Knowledge of Suitability requirements.
- Good understanding of Client Vulnerability.
- Good understanding of different types of tax wrappers such as ISAs, GIAs and SIPPs.
- Have an awareness of Rathbones approach to responsible investment.
Suitability QC Reviewer in London employer: Rathbones Group Plc
At Rathbones, we pride ourselves on being a rewarding employer that invests in the future of our people. Located in Leeds, our hybrid working model fosters a collaborative and high-performance culture, offering clear paths for career progression and opportunities for personal development. Join us to be part of a team that champions continuous improvement and delivers exceptional client outcomes while sharing in the success of our business.
