Senior Compliance Manager

Purpose

Reporting to the Head of Compliance Assurance, the role will be responsible for the oversight and delivery of all compliance activities at a Financial Advice firm.

Responsibilities

• Be the primary point of Compliance contact for a national Financial Advice firm.
• Support on the design, implementation, delivery, and maintenance of the Compliance Assurance Programme (CAP), utilising the Group Internal Control Assurance Framework. The CAP is underpinned by the groupwide Risk Management Framework (RMF), the Groups regulatory permissions and business activities.
• Proactively review and provide assurance of the regulatory compliance framework, including Manuals, Policies and Procedures, where applicable.
• Prepare reports for Governance Committees, demonstrating the effectiveness of the regulatory compliance framework.
• Ensure that the Leadership Team / Executive Committee are kept fully informed of the CAP, its findings and proposed actions.
• Provide guidance and advice on regulatory matters.
• Collaborate with internal and external stakeholders to monitor enforcement of standards and regulations.
• Oversee the review and development of existing services.
• To work across the company business lines engaging with a degree of pragmatic collaboration to find compliant solutions to business problems, whilst influencing a compliant business culture.
• To develop and maintain effective relationships with various stakeholders across the business.
• Proactively identify regulatory developments within or outside of the company as well as evolving best practices in compliance control
• Support in maintaining the Policy Matrix and ensure all associated Compliance policies within the role remit (e.g., Suitability Policy) remain up to date.
• Support in the co-ordination and attendance of the Executive Risk Management Committee (ERMC) and other such Committees as delegated by the CRO.
• Support in the oversight and management of Conduct Risk across the firm.
• Deliver clear and comprehensive compliance assurance reports, providing context, key risks/ issues and proposed mitigating actions, where applicable.
• Work collaboratively across the Chief Risk Office functions to support an agile and dynamic approach to compliance and risk management.
• Provide challenge and a voice in relation to ethics, integrity, and values.

Knowledge

• Excellent level of understanding of FCA rules impacting Financial Advisers particularly regarding the suitability of advice and recommendations
• Experience in asset management (ideally with exposure to retail market) preferable
• Understanding of the Principal / Appointed Representative relationship
• Excellent knowledge of legislation such as FSMA and MiFID II
• A broad business understanding

Qualifications

• Professional qualifications in Compliance are desirable.
• Previous holder of SMF16 and SMF17 desirable.

Skills/Other relevant information

• Ability to assimilate and understand new regulatory information and disseminate this to the business, using non-technical language
• Ability to communicate at all levels of the business including at Executive Committee level
• Good written and oral communication skills, with demonstrable experience in report writing
• An analytical mind able to “see” the complexities of procedures and regulations but then simplify issues for others.
• Methodical and diligent with outstanding planning abilities.
• Highly pragmatic in approach, and thrive within a fast-paced and constantly changing scale-up environment
• IT Literate – including good Work, Excel & PowerPoint skills
• Be able to operate in an agile and dynamic approach to Risk & Compliance, with attention to detail.
• Must be a professional of high ethical standards with a constant eye on the objectives of the business.
• Team player able to build strong working relationships
• Appetite to develop knowledge of 7IM’s business in general