Compliance Management Executive (Risk)
AFH Wealth Management is proud to be one of the UK’s leading independent financial advisory and wealth management firms. We believe that our success starts with our people. If you are determined to succeed and eager to take on new challenges, you’ll find a variety of exciting career opportunities at AFH. This is a full‑time, permanent opportunity, with hybrid working, and a competitive salary and range of benefits.
The purpose of the Compliance Management Executive is to identify key risk exposures for the Firm and to contribute towards successful mitigation techniques to minimise regulatory impact. To oversee key risk functions to aid the Firm in successful maintenance of its regulatory standing.
Responsibilities
- Ensuring that sufficient Professional Indemnity Insurance is effected for all Firms within the Group and to additionally ensure that where necessary, records of PI are maintained for companies directly associated with the Group
- Ensuring that sufficient Directors and Officers Insurances are effected for all Directors/Officers within the Group and that this is monitored to accommodate structural change
- Participating and oversee where necessary the compliance due diligence for potential acquisition firms, ensuring that deadlines set by the Acquisitions Manager and the Group Head of Risk are adhered to
- Co-ordinating and oversee the regulatory reporting for all Firms within the Group. This is including, but not limited to, GABRIEL firm reporting, fees returns, professional standards returns and collating information for FCA thematic or ad‑hoc requests
- Maintaining responsibility for Firm authorisations and de‑authorisations in connection with acquisition firms, appointed representatives and trading styles
- Where necessary, co-ordinating and managing the variation of permissions process including, but not limited to, collation of business plan material, regulatory research and execution
- Reviewing all Financial Promotions material with a view to providing efficient authorisation. Where authorisation cannot be granted, demonstrating strong communication/co-ordination skills to result in an efficient outcome
- Reviewing and authorising changes to stationery templates in line with FCA regulation and to communicate authorised templates to all relevant stakeholders
- Overseeing the implementation of regulatory policy and procedural change where this has an impact upon the regulatory position of the Firm
- Implementating of regulatory project actions under the direction of the SRMEs and Group Head of Risk
- Acting as an escalation point in relation to regulatory queries that are received by Advice & Regulatory Assurance, Advice & Regulatory Admin and T&C and to effectively manage and/or delegate queries that are received directly from staff and consultants
- Providing assistance in contract review to T&C Operations for all 3rd party provider terms of business or professional introducer relationships
- Providing sign-off to A&R Assurance for recommended breach actions, escalating to Group Head of Risk as necessary
- Managing the prompt renewal of all Firm regulatory licences such as FCA permissions and data protection
What we are looking for in our ideal Compliance Management Executive
- Key Performance Measures
- Achievement of all responsibilities within deadlines set
- Measurement of the ability to operate within a self-driven and independent framework
- Evidence of risk mitigation through internal and external audit
- Understanding of key regulatory and industry focuses Understanding of FCA reporting systems
Benefits and Perks at AFH
- Flexible working & holidays – Enjoy flexible working and competitive holiday allowance, with annual buy & sell scheme options and your birthday off. Plus, additional holiday days for long service.
- Social perks – To recognise and celebrate employees’ great work we are all invited to our annual Christmas and Summer parties.
- Pension – We offer a contributory pension scheme with Royal London as well as death-in-service benefit.
- Bonus scheme – All AFH employees are offered a competitive salary and a discretionary annual bonus, following completion of a year’s service.
- Health and wellbeing – The MediCash app puts your health in the palm of your hands. Claim cashback on a wide selection of health and wellbeing initiatives, including discounted health club memberships and free healthcare benefits.
- Professional development – We are committed to helping you reach your potential by offering tailored learning and development programmes to pursue your career goals.
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