One of the largest independently owned investment management firm in the UK is currently seeking an experienced compliance monitoring officer to join their team who has a background in IFA/Wealth Management file review. JOB DETAILS
Reporting to the Compliance Manager, you will assist in carrying out regular monitoring in various business areas, in line with the firm's monitoring program.
·Reviewing advice given to clients, which will cover all retail investment products
·Reviewing the sale of group risk schemes and products
·Ensuring any remedial action arising from the monitoring activity is completed within a timely manner
·Recording any rule breaches arising from this monitoring, investigate the issues arising and report the outcome
·Reviewing the winding up of occupational pension schemes
·Carry out other monitoring activities to assist colleagues during busy periods
Take responsibility for the timely production of the following reports arising from the monitoring activities:
·Producing individual file review feedback reports for advisers, including remedial action requirements where necessary
·Producing relevant management information and trend analysis
·Producing monitoring reports to the firm's standard template, in a timely manner
Compliance guidance and advice
Provide advice and guidance to the business in respect of the firm's compliance requirements as required, including:
·Assist in the review and approval of marketing material, including FCA financial promotions
·Assist in ensuring that compliance department procedures manuals are updated as and when required
·Ensure that FCA disclosure documents used by the IFA division are in line with regulatory requirements at all times.
·Undertake research into new regulations or legislation that might affect the IFA division and provide advice to the Compliance Manager on the impact of these changes.
·Assist in any process review to ensure the monitoring programs continue to test all appropriate areas of risk
Required Experience and Skills:
* Compliance monitoring in the areas of pensions, life assurance and retail investments, preferably in the IFA market
* Review and approval of marketing material, including financial promotions
* Ideally degree qualified with CII DipPFS Level 4 or working towards
Please quote (43110) when calling Alexander Lloyd. This is only one of many vacancies we are handling. Alexander Lloyd is a specialist within Financial Services recruitment. Areas of expertise include Compliance Directors, CF10/11, Risk Frameworks, Monitoring, Advisory, Policy, T&C, Quality Assurance/ File Review, AML/KYC etc across the entire financial services sector including investments, banking and insurance. We predominately focus on London, Surrey, Sussex and Kent, although we have also been highly successfully in offering national solutions. Due to the high amount of interest that we receive for each of our roles unfortunately we cannot respond to each application individually, therefore if you do not hear back from one of our consultants you have not been shortlisted for this role. Please continue to check our website www.alexanderlloyd.co.uk for any other roles which may be of interest.