SENIOR COMPLIANCE MONITORING EXECUTIVE

Clark James Recruitment are working with an award winning Independent Chartered Financial Planners and Wealth Managers with offices across London and the South.

Our client provides the highest quality financial advice to individuals, families, and businesses. This often involves working alongside other professionals to assist clients in making confident well-informed decisions to achieve their personal, financial business goals.

Due to expansion, our client has a vacancy for a Senior Compliance Monitoring Executive to join their business.

Role

• This role may suit a Paraplanner looking to move into a technical/supervisory role.
• A highly motivated and detail-oriented Senior Compliance Monitoring Executive to join our growing team.
• The successful applicant will provide essential support in first line checking to ensure reports and research meet the pre-defined quality standards and regulatory requirements demanded by the firm.
• This is a full-time, permanent role, however, if you require some flexibility, this can be considered.

Duties & Responsibilities

To undertake advice quality assurance checks

• Ensure that the suitability reports and technical research is of the highest quality, delivered in an efficient and compliant manner whilst mitigating any risks to the business.
• Meet service level agreements in a timely manner as agreed.

Quality Assurance and Improvement

• Proactively monitor trends, clearly document, record and co-ordinate to assess the quality of advice provided and to identify patterns and areas for improvement
• Provide feedback to financial planners and advisory teams in a clear and concise manner and explain any remedial work required.

Reporting and Insights

• Generate regular reports on the findings providing insights into how the advice quality can be improved. This could include visual representations of trends.

Compliance and Regulatory Monitoring

• Ensuring that all advice given adheres to regulatory guidelines, industry standards, company policies, and supporting documentation is held on file. This role will require an understanding of relevant industry regulations.
• Assess the suitability of the advice produced. including complex recommendations on pension transfers and higher risk products such as VCT.

Collaboration with Stakeholders

• Collaborate with the compliance manager & training and competence supervisors to ensure feedback are captured.
• Collaborate with various departments to ensure quality standards are met and continuous improvements are made. This might involve training and providing the appropriate feedback.

Skills & Experience

• Minimum 5 years experience in a quality assurance or paraplanning/report writing role essential.
• Previous experience working in a financial services firm regulated by the FCA.
• Regulated Diploma qualified & willingness to progress to advanced Diploma.
• Proficiency in Microsoft Office Suite
• Experience in Intelliflo preferred but training will be provided.
• Understanding of the Financial Planning process and products.
• Ability to work independently or in a team.
• Detailed and accurate.
• Organisational, prioritisation and time management skills.
• Excellent verbal and written communication skills.

Package

• Basic salary to £50,000 (dependent on experience).
• 5% pension contribution
• Occupational sick pay
• Medical cashback plan
• Death in service cover
• 26 days leave + bank holidays
• Additional voluntary benefits.