Description
Provide advice and support on all regulatory matters to the CGWM UK business including analysis and implementation of upcoming regulation.
Supporting and deputising for the Head of UK Wealth Compliance
Assume day to day responsibility for Central Compliance specifically:
Role Responsibilities
- Deal with day to day regulatory queries from the Front Office and other business stakeholders
- Undertake and prepare analyses on areas of financial regulation as required by the business or Head of UK WM Compliance, including provision of detailed guidance
- Developing and maintaining policy and procedures in respect of central compliance activities, including:
- Approved Persons approvals and records;
- Gifts and Entertainment reporting;
- Marketing and Financial Promotion Approvals, inc Conflicts checking and disclosures;
- Logging and monitoring insider events, approval of wall-crossings where required
- Any other areas which move into CGWM Wealth Compliance as a result of changes to business requirements
- Review and approve financial promotions. Provide training and support to other team members as appropriate to provide alternative cover.
- Keep up to date with developments in Wealth Management regulation and industry best practice
- Reporting regulatory change to senior management and the business
- Develop action plans to ensure that CGWM continues to comply with applicable regulation
- Supervise and manage day to day central and advisory compliance activities undertaken by direct report
- Build and maintain constructive relationships with key business stakeholders
- Work collaboratively with other compliance functions in the group to implement standardised policy and procedure as far as local rules allow
- Represent UK WM Compliance on the Advice and Solutions Group
- On a judgemental basis, escalate any queries or areas of concern to the Head of UK Wealth Compliance
- Investigate and draft responses to complainants in connection with non-complex complaints (ie exc film partnerships and other tax-driven schemes)
- Advise on regulatory implications of new (and where required, existing) investment business- related contracts
- Prepare and submit regulatory notifications as required inc Gabriel returns, Standing Information updates, VOPs, overseas Approved Persons applications
- Deal with day to day queries from regulatory bodies, inc FCA Market Monitoring Unit, FCA Contact Centre, UK Takeover Panel
Competencies
Technical/Qualifications
- Degree educated
- Investment Compliance diploma (or equivalent)
- At least 5 years' experience in Compliance
- Good knowledge of FCA, EU and any other applicable rules relating to Financial Crime
- Knowledge of the wealth management industry an advantage
- Knowledge of institutional industry an advantage
Systems/Internal Processes
- Use of Microsoft Office, Excel mandatory
- Avaloq knowledge preferable
- Fidessa
Regulatory Awareness/Compliance
- As above
Core Competencies/Skills
- Excellent written and verbal communication skills.
- Confidence to exercise judgement and to know when to seek advice
- Will deliver difficult messages in a manner appropriate to the circumstances
- Engaging personality, good at relationship building
- Tenacious and persistent when presented with resistance.
- Able to recognise priorities and work with urgency.
Ethics & Behaviours
- Confidence to challenge the decisions of others who may be more senior