London
Competitive plus Benefits
Permanent

About The Role

Purpose

  • Primary responsibilities include retail investment suitability file reviews, execution of the compliance monitoring plan and contribute to its development, and review and approve financial promotions.

Responsibilities

  • Conduct retail investment suitability file reviews on initial and ongoing business activity in accordance with FCA requirements and 7IM procedures, covering all aspects of the Private Client and Intermediated Discretionary business areas
  • Provide written feedback of files reviewed and where required liaise on a one to one basis with individuals, supervisors and line managers as appropriate
  • Provide management information and specific feedback to key stakeholders in respect of trends identified from suitability file reviews, reporting any material risks identified to the Senior Compliance Manager and the Compliance Director
  • Regularly review our internal procedures for suitability file reviews including maintenance of the Suitability Compliance Standards
  • Undertake elements of the risk-based compliance monitoring programme as agreed with the Senior Compliance Manager or Compliance Director and contribute to its development
  • Produce draft compliance monitoring reports to be reviewed by the Senior Compliance Manager or Compliance Director and maintain records of all outstanding issues raised during monitoring through to resolution with management
  • Undertake regulatory analysis and projects as delegated by the Senior Compliance Manager and Compliance Director & MLRO
  • Review and approve financial promotions and marketing material in accordance with our financial promotions policy and the FCA rules and guidance
  • Help to identify, manage, and mitigate potential areas of compliance vulnerability and risk
  • To provide cover as necessary including undertaking additional core and thematic monitoring across the firm’s regulated activities
  • Contribute to the production of the Compliance management information including the development of a Compliance dashboard in an accurate and timely manner
  • Review and maintain existing compliance policies and procedures, and design new policies and procedures in accordance with current and developing regulatory rules and guidance
  • Review relevant business policies to ensure they meet regulatory requirements as appropriate
  • Maintain accurate and complete compliance records
  • Work actively with the 7iM business teams to answer questions and resolve issues

About You

Skills

  • IT Literate – including good Excel & Database skills
  • Good written and oral communication skills
  • Time management and prioritisation
  • Process discipline and attention to detail
  • A pragmatic approach to facilitate appropriate interpretation of rules and procedures in a compliant and business aware manner

Knowledge

  • Relevant compliance experience in retail financial services including a strong understanding of the FCA’s suitability and appropriateness requirements
  • Excellent working knowledge of the relevant FCA sourcebooks including COBS, SYSC, SUP & COLL
  • A good general awareness of the financial services industry and financial markets
  • A strong commitment to compliance principles and practices
  • Good awareness of aspects of the regulatory environment relevant to the role
Qualifications
  • Financial Planning qualification to at least Level 4 or equivalent

Other Relevant Information

  • Enthusiastic and keen to use initiative
  • Able to display an understanding of key compliance and risk principles
  • Team player with understanding of key current and forthcoming regulatory developments.

About Us

7IM is an investment management business that helps individuals, families and financial advisers manage money to meet their and their clients’ needs and aspirations.

Founded in 2002 from a basement, seven individuals established 7IM as we couldn't find anywhere we wanted to invest our families' money. Our assets under management now stand at around £17bn, and we have moved from ‘basement’ to ‘Bishopsgate’ in the City of London.

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