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- Tasks: Lead compliance strategies for a digital wealth management platform and support high net worth clients.
- Company: WELREX is a pioneering London-based digital wealth management platform focused on independent relationship managers.
- Benefits: Enjoy flexible working hours, equity-based compensation, and a chance to impact an early-stage business.
- Why this job: Join a top-level team in a challenging yet exciting environment that values integrity and innovation.
- Qualifications: Must have FCA registration and at least 10 years of relevant experience in compliance within wealth management.
- Other info: This role is ideal for entrepreneurial spirits looking to shape the future of wealth management.
The predicted salary is between 72000 - 108000 £ per year.
Strategic Compliance Advisor
WELREX is a London-based digital wealth management platform that takes the journey for Independent Relationship Managers (IRM) and their High Net Worth (HNW) clients with links to key Emerging Markets to the next level.
WELREX provides a superior way to preserve and grow wealth that saves time, money and effort. It promotes transparency and strengthens trust between IRMs and their HNW clients, transcending the existing global wealth management standards. WELREX defines Independent Relationship Managers as individuals handling a portfolio of HNW clients at private banks and other wealth management companies, such as multifamily offices or investment firms, who are ready to conduct their independent business on a suitable platform.
We are particularly looking for someone who has held (or currently holds) FCA registration for SMF 16 & 17 in wealth management/investment management/asset management space.
NB! Initial compensation is likely to be solely equity based. Please do not apply if you need a salary or consultancy-based compensation on day one.
WELREX is offering:
- full time/part-time/flexible role
- results linked fair and generous compensation
- opportunity to make substantial impact to the early-stage business
- flexible working hours if needed
- top level team of co-workers
- challenging but exciting working environment
WELREX is looking for a person with:
- integrity and universal values driven mentality
- London base and UK citizenship/right to work in the UK(no need to sponsor a working visa)
- entrepreneurial drive
- can do attitude, non-standard problem-solving approach, and appropriate application of regulations given the company size
- extensive network
- ability to work cross-functionally under pressure of commitments, performance standards, and deadlines
- good verbal and written communication skills
- balanced personality Hands on approach
- proven track record of FCA compliance expertise in wealth and investment management space
- professional experience within wealth management and/or investment management and/or asset management preferably with firms of various sizes
- excellent general practical knowledge and experience of the FCA handbook (especially MiFID PRU, Systems and Controls and Conduct of Business rules)
- outstanding ability to implement Consumer Duty, Senior Manager Certification Regime
- practical knowledge of RegData, Connect, wealth management surveys and other regular FCA reports
- Ability to advise on U/HNW client on-boarding from Emerging Markets making their on-boarding journey compliant and smooth
- pragmatic and business minded approach that is solution focussed
- strategic view of compliance roadmap for a digitally native wealth management firm
- ability to assist with formulating vision, strategy and implementation of the compliance function, match the limited resources to the business needs
- ability to empower the team or client and investment managers to deliver solutions that emphasize compliance, quality, simplicity and reliability
- making decisions individually and collectively
- at least 10 years relevant hands-on experience in a senior/managerial role, preferably within entrepreneurial environment
- track record of successfully delivering compliance solutions in a variety of situations
- scaling technology function and leading continued innovation in synchronisation with CEO’s vision
NB! Initial compensation is likely to be solely equity based. Please do not apply if you need a salary or consultancy-based compensation on day one.
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Chief Compliance Officer&MLRO/Partner employer: WELREX
Contact Detail:
WELREX Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Compliance Officer&MLRO/Partner
✨Tip Number 1
Network strategically within the wealth management sector. Attend industry events, webinars, and conferences where you can meet professionals who are already in compliance roles or connected to WELREX. Building relationships with these individuals can provide valuable insights and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest FCA regulations and compliance trends, especially those relevant to digital wealth management. This knowledge will not only prepare you for interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 3
Showcase your entrepreneurial mindset by discussing past experiences where you've successfully implemented compliance solutions in challenging environments. Highlighting your ability to adapt and innovate will resonate well with WELREX's focus on a dynamic and flexible approach.
✨Tip Number 4
Prepare to discuss how you would approach compliance for U/HNW clients from Emerging Markets. Having a clear strategy and examples of how you've navigated similar situations in the past will set you apart as a candidate who understands the complexities involved.
We think you need these skills to ace Chief Compliance Officer&MLRO/Partner
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in compliance, particularly your FCA registration and any previous roles in wealth management or investment management. Use specific examples to demonstrate your expertise.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also reflects your understanding of WELREX's mission and values. Emphasise your entrepreneurial drive and how you can contribute to their compliance roadmap.
Showcase Your Network: Mention your extensive network within the wealth management industry in your application. This can be a significant asset for WELREX, so highlight any connections that could benefit the company.
Demonstrate Problem-Solving Skills: In your application, provide examples of how you've successfully navigated compliance challenges in the past. This will showcase your non-standard problem-solving approach and ability to work under pressure.
How to prepare for a job interview at WELREX
✨Showcase Your FCA Expertise
Make sure to highlight your experience with FCA regulations, especially in the wealth management sector. Be prepared to discuss specific instances where you've successfully implemented compliance measures or navigated regulatory challenges.
✨Demonstrate Strategic Thinking
WELREX is looking for someone who can formulate a strategic compliance roadmap. Prepare examples of how you've developed and executed compliance strategies in previous roles, particularly in dynamic environments.
✨Emphasise Your Entrepreneurial Spirit
Given the entrepreneurial nature of WELREX, it's crucial to convey your ability to thrive in a start-up environment. Share experiences where you've taken initiative or led projects that required innovative problem-solving.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-world compliance scenarios. Think through potential challenges related to U/HNW client onboarding from Emerging Markets and how you would ensure a smooth and compliant process.