Compliance Director (SMF16)
Wealth Management firm
£120K-£135K + bonus
London - hybrid working
The Compliance Director is responsible for overseeing and managing the day-to-day operations of a wealth management firm while ensuring compliance with the FCA regulations and other relevant legal and regulatory requirements.
This role requires a strong understanding of financial services, operational efficiency, risk management, and compliance procedures in a highly regulated environment.
Key Responsibilities:
1. Compliance and Risk Management:
* Lead the compliance function, ensuring the firm adheres to FCA regulations and all other relevant laws, rules, and standards (such as MiFID II, GDPR, Anti-Money Laundering (AML), and Consumer Duty (CD).
* Develop, implement, and maintain a robust compliance framework, identifying and managing compliance risks.
* Oversee internal compliance audits and reviews to ensure operational activities are aligned with regulatory requirements.
* Ensure the firm's processes are aligned with FCA and SEC conduct of business rules, anti-money laundering (AML) policies, and customer protection standards.
* Stay current with regulatory changes, assess their impact on the firm's operations, and lead the firm's response to any new compliance obligations.
* Provide advice to senior management on compliance and regulatory issues, including the impact of emerging regulatory changes.
1. Operations Management:
* Oversee and manage the operational activities of the wealth management firm, including client onboarding, trade execution, portfolio management systems, and reporting processes.
* Ensure the firm's operations are efficient, cost-effective, and scalable, optimizing processes and systems to improve productivity.
* Develop and implement operational policies, procedures, and controls to safeguard the firm's integrity, protect clients' assets, and ensure smooth execution of transactions.
* Supervise the back-office functions, including finance, office management, legal and compliance.
1. Leadership & Team Management:
* Lead and manage a team of compliance officers, operational staff, and other key personnel, providing coaching, development, and performance management.
* Promote a culture of regulatory and operational excellence across the organization.
* Collaborate with senior management to drive business objectives while ensuring regulatory compliance is embedded in all activities.
* Coordinate with other departments, including legal, risk, IT, and investment teams, to ensure integrated and seamless operations.
1. Reporting & Documentation:
* Maintain and oversee compliance and operational records, ensuring they are accurate, up-to-date, and compliant with FCA reporting requirements.
* Prepare and submit regulatory reports to the FCA and other relevant authorities, ensuring that reporting deadlines are met.
* Monitor and report on key performance indicators (KPIs) for operations and compliance activities, providing insights and recommendations to senior leadership.
1. Client Interaction:
* Work closely with the client-facing teams to ensure that client-related activities (e.g., investment transactions, account management) comply with all regulatory requirements.
* Address client concerns related to operational or compliance matters, ensuring high standards of service and communication.
1. Business Continuity & Crisis Management:
* Develop and implement business continuity and disaster recovery plans to minimize operational disruptions in case of unforeseen events.
* Provide leadership and crisis management expertise in situations involving compliance breaches or operational failures.
Skills & Qualifications:
* Significant experience in compliance within an FCA-regulated wealth management firm.
* In-depth knowledge of FCA regulations and financial services compliance requirements (e.g., MiFID II, AML, CD).
* Strong understanding of wealth management products, services, and investment strategies.
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