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Form of work
SalaryOur client is a leading national IFA firm who are looking for a remote based Head of Compliance (SMF16 & SMF17) to join the business.
The successful candidate will be expected to:
- Have strong compliance knowledge and understanding, enabling them to understand and interpret market developments, topical issues and best practice with a view to incorporating them into the firm’s business processes and culture.
- Ensure the regulatory obligations under the Senior Managers and Certification Regime are met.
- Support staff and advisers with advice and guidance in all relevant compliance matters as and when they arise and the delivery of the Consumer Duty requirements.
- Oversee the implementation of suitable training and competence arrangements.
- Oversee the implementation of suitable financial crime controls.
- Ensure that the firms’ activities are appropriately monitored.
- Oversee the approval of financial promotions.
- Be the contact point for FCA.
- Oversee the investigation of breaches and complaints and the maintenance of central registers such as complaints, breaches, conflicts of interest.
- Oversee the completion of Compliance reporting and submission of regulatory returns.
- Be commercially aware and gain a good understanding of the commercial drivers of the business so as to be able to work closely with the firms Independent Financial Advisers, T&C, Operations, Marketing, Administration and Finance.
- Lead the firms Risk Committee and prepare reports for the Senior Management Team, giving independent and objective assurance on adherence to regulatory standards and on the effectiveness of controls in place.
- Be involved in discussions to modify changes in business practices and products to ensure that the compliance aspects (including risks and controls) are adequate.
- Operate as an Active participant in Senior Management Team meetings, Compliance and Investment Committee meetings.
- Have a good knowledge of topical and relevant regulatory regimes such as, but not limited to, MiFID 2, GDPR, SMCR and Consumer Duty.
The successful candidate will have:
- At least 5 years’ Compliance experience in the IFA sector and will ideally have held SMF16 and SMF17 functions previously.
- Sound knowledge of the relevant sections of the FCA Handbook requirements
- Be an active participant in Senior Management and be able to work in a growing and proactive team.
