Compliance Manager

  • Location:

    Crawley

  • Sector:

    Financial Services

  • Job type:

    Permanent

  • Salary:

    30000 - 37000 FTE

  • Contact:

    Angela Winton

  • Contact email:

    awinton@maguswealth.co.uk

  • Job ref:

    Compliance Manager

  • Published:

    4 days ago

  • Expiry date:

    14/07/2018

  • Client:

    Magus Private Wealth

  • Hours per day:

    Flexible

  • Work preference:

    Office

  • Days per week:

    Flexible

 

Magus Private Wealth

Role Title: Compliance Manager

Location: Head office, Gatwick, West Sussex

Reporting to: Client Support Director                                                                 

 

Role overview and purpose

 

Working as part of our lively and friendly team you will be responsible for ensuring our business adheres to legal and regulatory standards.

 

Key activities and tasks

 

You will be working closely with our Client Support Director. With clients very firmly at the centre of our business, this role is critical in ensuring we not only meet our clients high expectations - we exceed them. Our people enable us to do this.

 

You will need to have the ability to perform well under pressure, have outstanding organisational skill, great attention to detail, thoroughness and accuracy and the ability to plan workloads, manage conflicting demands and deadlines, with a keen and flexible attitude.  

 

You will be also be responsible for assisting in the development and implementation of our ongoing compliance program to meet regulatory requirements. This will involve policy development, training, monitoring, risk assessment, advising the business on compliance matters and issue remediation.

 

 

  • Compliance checking all pre-sale, high risk advice documentation - such as pension switches, investment transfers and tax calculations to ensure that all client paperwork obtained is being processed compliantly and in a timely manner

  • Completing sample checks on post sale and other advice documentation such as bed & ISA, cash investments and other documents as necessary

  • Completing new business submission sample checks

  • Producing management information for the activities detailed above. Collating and preparing reports for the Client Support Director and presenting findings in a meaningful way, ensuring the continuous interrogation of information and the identification of issues, trends and opportunities

  • Actively supporting and advising on relevant regulatory developments and requirements
  • Developing, maintaining and enhancing the compliance policies, controls, procedures, registers and processes 
  • Assisting the Client Support Director in liaison with regulatory agencies and internal and external requirements on compliance related matters

  • Looking at our regulatory risk and supporting its management, communicating regulatory change and establishing control frameworks as necessary
  • Working on other reports when required

  • Building positive relationships across all teams in order to inspire them to hit targets that result in a performance driven, values led team

  • Identifying trends and/or issues whilst compliance checking, in order to produce a training needs analysis so the team can meet agreed performance levels

  • Attending client meetings where required, assessing our Financial Planners competence, ensuring a consistent approach is applied across the business

     

     

     

     

    Required qualifications and skills

  • At least diploma qualified with CII

  • Minimum 5 year’s experience in financial services

  • Good technical experience

  • Experienced Paraplanner or a very thorough understanding of:

    • both simple and complex financial products (defined benefit pension schemes, structured products)
    • the difference between client circumstances and client objectives and different types of objectives (immediate and long term, financial and non-financial)
    • how to make recommendations for financial objectives
    • what’s involved in collating client information, preparing suitability reports, preparing illustrations and reports for client meetings, managing cases to completion and working with internal processing systems and the preparing and updating of valuations, investments and pensions for client meetings

  • Experience in the review of code of ethics related compliance matters (i.e. personal account dealing, outside business interests, and gifts, benefits and entertainment)

  • Knowledge of data protection requirements
  • You must be a clear, confident and enthusiastic communicator with the ability to engage and influence at all

levels. With attentive listening skills and a willingness to contribute, and if necessary lead conversations and meetings

  • Initiative to develop own ideas and projects to assist in the ongoing development of our client proposition

  • Great communication skills and highly motivated, with the will to thrive in a challenging and fast paced environment and a strong team player

     

    Desired qualifications and skills

  • Knowledge of Word, Excel, Outlook and ‘Adviser Office’ software and fully IT literate

  • Knowledge and experience in working with provider platforms

  • Knowledge of ‘Volume’

  • Knowledge of ‘Voyant’

     

     

    Salary and benefits

  • Salary up to £37,000 commensurate with education and experience
  • 20 days holiday per annum plus public holidays.  Plus an additional day for every completed year - up to 5 years
  • 3% non-contributory pension scheme subject to auto enrolment rules with 5% matching on employee contributions

  • 4 times salary death in service

  • Income protection cover – to give you an income in the event of you being unable to work due to illness or injury

  • Private medical insurance for you – with the option to add family members (at your cost)

     

     

    Other information

At Magus, we want the very best people, who want to do a great job, working for us. In return, we are prepared to offer a very competitive package including a great salary and benefits scheme and a flexible working environment - whilst our hours of work are 37.5 hours per week, we are open to discussions around how this can best work for you.

 

We’ll also ensure you get all the training and support you need for this role, and if you’re ambitious, we have a structure in place to help support your career progression with Magus.

 

 

We put our heart and souls into delivering progressive financial planning for our clients, who come from all walks of life, but all with wealth they wish to nurture and protect.

 

Removing the frustrations and confusion of our clients’ financial world, we skilfully merge their disparate finances into one simple, clear plan linked to their personal goals and ambitions - giving them clarity, confidence and control.

With our people firmly at the centre of our business, we are a close knit team, with our highly experienced and qualified Financial Planners and Client Services Team ensuring we deliver excellent client service.