Our client are Global Leaders in Financial Technology and Financial services. They are in need of a Compliance, Quality & Risk Analyst to join the team on the outskirts of Horsham. See below for more details!
Skills and knowledge
− Detailed knowledge of FCA Handbook, objectives and their interpretation/application
− Ability to provide and deliver individual new business file review feedback, guidance and support to our Directly Authorised member IFA firms
− Ability to train and motivate others whilst remaining flexible and adaptable
− Highly developed analytic, observational, empathy, listening and communication skills
− Manage business relationships with directly authorised IFA firms, business owners and key decision makers
− Demonstrates willingness to listen and work pro-actively with IFA firms
− In depth knowledge of compliance and training and competence (T&C) FCA regimes
− Demonstrates an 'outside the box' solutions approach to problem solving
− Identifies solutions rather than problems with an ability to work proactively with member DA firms
− Diploma Qualified or active CPD to sit exams in regulated financial planning (or equivalent), with significant progress towards the achievement of further qualifications desired
− Additional qualifications in compliance, audit, risk and or supervision desired
− Keeping up-to-date with regulatory and industry developments
− Responsibility for the delivery of the function's File Review Service to Directly Authorised IFA firms
− Timely communication to advisers, feed back file review grades with remedial actions if required
− Maintain daily/weekly and monthly file review output reporting spreadsheets. Organise a specified and growing number of directly authorised firms UK wide
− Schedule and manage own diary of File Review activities, other assigned compliance project work within desired timescales in accordance with function's service standards
− Maintain a technical helpdesk answering compliance queries from IFA firms via phone and email
− Deal with compliance, regulatory and business-related enquiries from DA IFA firms
− As necessary provide compliance support to DA IFA firms and guidance to ensure compliance with regulatory rules and principles for businesses
− Liaise effectively with business owners in respect of regulatory issues and provide guidance and support, as required
− When required, assist the Senior Compliance Consultant in providing a timely response to requests for information and or project work
− Provide support to the Consultancy Function relating to the research and production of bulletins, regulatory news and other adhoc projects
− Provide DA IFA guidance on regulatory issues, FCA news, bulletin updates
− Assist with the review and sign off IFA promotions, regulatory updates, DA Bulletins and provide guidance where required
− Liaises with business owners in a professional and ethical manner
− Handles all enquiries and visits in line with agreed service levels
− Manage business relationships with IFA Principle owners
− Provide support and input to DA Function, areas include DA IFA Procedures, Compliance Manuals, Bulletins, T&C Scheme, Suitability Report Templates, Guides and other regulatory documents
Compliance Support Responsibilities
− Apply an intensive and intrusive (where required) risk-based, and more importantly a common-sense, approach to compliance support and all aspects of the DA compliance function
− Undertake file reviews with feedback using Enable system ensuring that findings and grades are accurately recorded, and feedback is constructive and supportive
− Provide timely updates to IFA business owners of business risks and failing in standards
− Work alongside the function's Compliance Consultants
− Monitor KPI data and management information in respect of DA firms, whilst identifying adverse trends/risks and reporting or handling them accordingly to business owner and respective IFAs
− Provide consultancy support, guidance & assessments in respect of product knowledge and appropriate selling practices, and provide relevant feedback to IFA and support and provide 1:1 guidance to business owner and or individual IFA where necessary
− Monitor file review case load each month, complete monthly file review checks on our firms and manage any issues proactively through to resolution
− Undertake additional compliance project work as designated by the Senior Compliance Consultant
− Manage tasks and projects as delegated by the Compliance Director/Compliance Consultancy Function, applying a can-do attitude with enthusiasm and a positive approach
− Complete tasks to a high ethical standard and apply initiative to accommodate for wider issues.
Desirable Qualifications and Experience
− Level 4 or 6 Advanced Diploma working towards Chartered Status and or Level 7 or 8− J07
Supervision in a Regulated Environment (desirable)
− Equity Release/lifetime mortgages - ER1 & HR1 or equivalent.
− Occupational pensions - Combination of J04, J05 & AF3 or equivalent.
− Long Term Care - CF8
− Mortgages - CeMAP/MAQ/CF6
− Single share-based investments - Level 4 diploma + IMC or securities gap fill
− Significant compliance experience within the financial services, preferably DA IFA sector, network, national and in an investment or insurance environment. An in-depth understanding of FCA/PRA regulatory rules & expectations.
− Demonstrable experience of providing compliance and training support to Directly Authorised IFA firms or within a Network of Financial Advisers or National IFA.
To be considered for this role, APPLY NOW! Due to a high level of interest in this position, we can only get back to those who successfully made the shortlist!