Logo of Huzzle

Home

Matches

Explore

Manage

Compliance Officer-Wealth Management

image

Azets

2mo ago

  • Job
    Full-time
    Senior Level
  • Legal
  • Newcastle

AI generated summary

  • You need a bachelor's degree in business or finance, 5+ years in Wealth Management compliance, knowledge of FCA regulations, and strong analytical, communication, and teamwork skills.
  • You will manage compliance programs, assess risks, conduct audits, train staff, and report to management on adherence to laws and regulations in Wealth Management.

Requirements

  • A bachelor's degree in business, finance, law, or a related field; a master's degree (not certain that is a requirement but definitely Level 4 qualified as minimum) or relevant professional certifications (e.g., Certified Regulatory Compliance Manager) is a plus.
  • A minimum of 5 years of experience in compliance within the financial industry, with a focus on Wealth Management compliance.
  • In-depth knowledge of relevant financial regulations, such as FCA.
  • Strong analytical, problem-solving, and risk assessment skills.
  • Excellent communication and interpersonal skills.
  • Ability to work independently and as part of a team.

Responsibilities

  • Stay up-to-date with relevant laws and regulations that affect Wealth Management services and products.
  • Develop, implement, and manage a comprehensive compliance program to ensure adherence to all applicable regulatory requirements.
  • Monitor changes in the regulatory environment and adapt compliance policies and procedures accordingly.
  • Provide guidance and direction to the Azets Wealth Management team to ensure compliance with all internal and external regulations.
  • Conduct regular compliance assessments and audits to identify areas of non-compliance or potential risks.
  • Report findings to senior management and recommend corrective actions as necessary.
  • Develop, update, and maintain compliance policies and procedures specific to Wealth Management.
  • Communicate changes in policies and procedures to the relevant stakeholders and ensure their understanding and adherence.
  • Design and deliver compliance training programs to educate Wealth Management staff on regulatory requirements and compliance best practices.
  • Ensure that staff members understand their responsibilities with regard to compliance.
  • Conduct KPI 1-1 with advisers and provide feedback.
  • Identify and assess compliance risks associated with Wealth Management activities.
  • Develop and implement strategies to mitigate compliance risks.
  • Collaborate with other risk management functions within Azets to create a holistic risk management approach.
  • Establish a system for continuous monitoring and reporting of compliance activities.
  • Prepare and submit regular compliance reports to senior management and regulatory authorities as required.
  • Investigate compliance incidents and breaches to identify the root causes and implement corrective actions.
  • Report significant incidents to senior management and regulatory authorities as necessary.
  • Assess the compliance of third-party vendors and service providers used by Azets Wealth Management.
  • Ensure that client communication meets the regulatory standards and those set by the firm.

FAQs

What is the role of the Compliance Officer in Wealth Management at Azets?

The Compliance Officer is responsible for overseeing and ensuring compliance with all relevant laws, regulations, and internal policies within the Wealth Management department, helping to mitigate risks and protect the institution's reputation.

What qualifications are required for this position?

A bachelor's degree in business, finance, law, or a related field is required, with a minimum Level 4 qualification. A master's degree or relevant professional certifications like Certified Regulatory Compliance Manager is a plus.

How many years of experience are required for this role?

A minimum of 5 years of experience in compliance within the financial industry, specifically focusing on Wealth Management compliance, is required.

What specific regulatory knowledge is necessary for this position?

In-depth knowledge of relevant financial regulations, such as those set by the Financial Conduct Authority (FCA), is essential.

What are some key responsibilities of the Compliance Officer?

Key responsibilities include developing and managing a compliance program, conducting assessments and audits, providing guidance to the Wealth Management team, and preparing compliance reports for senior management.

Is training provided for staff regarding compliance?

Yes, the Compliance Officer is responsible for designing and delivering compliance training programs to educate Wealth Management staff on regulatory requirements and compliance best practices.

How does the Compliance Officer contribute to risk management?

The Compliance Officer identifies and assesses compliance risks associated with Wealth Management activities and develops strategies to mitigate those risks while collaborating with other risk management functions.

What benefits does Azets offer to employees in this role?

Benefits include hybrid and flexible working options, birthday leave, professional subscriptions, and additional rewards and benefits that can be explored further on Azets' careers page.

What is the significance of the Compliance Officer reporting to senior management?

The Compliance Officer reports findings from compliance assessments, audits, and any significant compliance incidents to senior management to ensure that corrective actions are taken and regulatory compliance is maintained.

How does the Compliance Officer ensure compliance with client communication?

The Compliance Officer ensures that client communication meets regulatory standards and the firm’s internal standards to protect both clients and the institution.

image

Azets

Digitally and at your door. Azets delivers accounting, tax, audit, business and advisory services in the UK and Nordics

Accounting
Industry
5001-10,000
Employees

Mission & Purpose

With over 7,500 people across our office network, we help companies and organisations of all shapes and sizes, public sector enterprises and high net- worth private clients achieve their personal and business ambitions. Whether you’re a start-up or a blue-chip, we save you precious time – so you can focus on what you do best