Compliance Officer - Financial Services

  • Location:

    West Sussex, England

  • Sector:

    Financial Services

  • Job type:


  • Salary:


  • Contact:

    Samuel Moss

  • Contact email:

  • Job ref:


  • Published:

    6 months ago

  • Expiry date:


  • Start date:

    05/02/2020 12:23:01

Compliance Officer - Financial Services, West Sussex, £40k + excellent benefits package

The Business

Fantastic opportunity for an experienced Compliance professional to join an award winning IFA Group in West Sussex Head Office.

Skills and Knowledge Required

* 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 analytical, 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

General Responsibilities

* 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

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)
* Specialist qualifications: - 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

Search is an equal opportunities recruiter and we welcome applications from all suitably skilled or qualified applicants, regardless of their race, sex, disability, religion/beliefs, sexual orientation or age.