Compliance Manager – Wealth Management – London
Company Overview:
Our client is a London-based wealth management firm. The company is committed to maintaining the highest standards of compliance and regulatory adherence, ensuring that their operations comply with all relevant financial regulations and ethical practices. They are currently seeking a Compliance Manager to join their Compliance and Risk team and contribute to the success and growth of the firm.
Role Overview:
As a Compliance Manager, you will play a crucial role in maintaining and enhancing the firm’s compliance programme. You will be responsible for a range of compliance tasks across both regulatory compliance and financial crime. The ideal candidate will have an understanding of financial regulations, be able to analyse complex compliance issues, and effectively communicate with stakeholders at all levels.
Key Responsibilities:
Regulatory Oversight (UK Focus)
- Support the SMF16 & SMF17 in interpreting and applying relevant FCA Handbook rules, including COBS, SYSC, and PRIN.
- Ensure compliance with key UK regulatory regimes such as MiFID II, the Senior Managers & Certification Regime (SMCR), and Consumer Duty.
- Assist with regulatory interactions, including FCA queries, thematic reviews, and RegData submissions.
Compliance Framework (Hands-On Support & Ownership)
- Maintain and enhance the firm’s compliance policies, procedures, and controls, ensuring they remain proportionate to the size and complexity of the business.
- Support the development and execution of the compliance monitoring programme (CMP).
- Maintain key compliance registers (e.g., conflicts of interest, gifts & hospitality, breaches).
Advisory to the Business
- Provide clear, pragmatic compliance advice to investment managers and client advisers.
- Review and challenge suitability reports and client outcomes in line with Consumer Duty requirements.
- Advise on financial promotions and marketing materials to ensure FCA compliance.
Compliance Monitoring & Assurance
- Conduct file reviews and thematic monitoring (e.g., onboarding, suitability, periodic reviews).
- Identify areas of risk and work with the business to implement proportionate remedial actions.
- Prepare monitoring reports and support escalation to the SMF16/17 where required.
Financial Crime & AML
- Support oversight of AML/KYC processes, including client due diligence and ongoing monitoring.
- Assist the MLRO/SMF17 with financial crime controls and, where appropriate, SAR processes.
- Promote awareness of financial crime risks across the firm.
SMCR & Governance
- Support the maintenance of the SMCR framework, including Statements of Responsibilities and certification processes.
- Assist with annual fitness & propriety assessments.
- Contribute to governance processes, including preparing papers and MI for committees and Board reporting.
Key Skills & Experience
- Proven experience in a compliance role within a UK wealth management, private client, or asset management firm.
- Strong knowledge of FCA regulations, including MiFID II, Consumer Duty, and SMCR.
- Good understanding of discretionary and advisory investment services.
- Experience conducting suitability reviews and compliance monitoring.
If you believe you have the skills and experience to excel in this role and contribute to the firm’s continued success, we encourage you to apply.
For more details, please contact Jon Pettet at jon.pettet@blackswangroup.com
…