Compliance Advisory Manager

Ascot Lloyd

Birmingham, UK

Published: Published 2 weeks ago

Compliance Management Systems / Technology

Full time

Roletitle: Compliance Advisory Manager

Reportsto:Head of Compliance Advisory Manager

Location: Various

Hoursofwork: 35 hours each week

SMCR Function: This is a conduct role

Purpose of role

To support the Head of Compliance Advisory and the wider compliance team in the ongoing management and monitoring of regulatory risk in the business
To liaise with managers of internal departments to identify potential risks that may damage the reputation, safety, security or financial position of Ascot Lloyd
To implement and oversee processes and procedures to ensure that the business is prepared to \deal with any potential regulatory issues or threats
To support members of the compliance team with the embedded of key compliance policies and procedures

Key Responsibilities

To work closely with the Head of Compliance Advisory and wider compliance team to provide compliance advice on all business areas.
To provide compliance guidance to other members of the business regarding changes in legislation
To help identify and manage compliance risk within the business, including management of the conflicts of interest register and review of controls
To carry out financial crime and AML monitoring and training, including the investigation and escalation of AML/KYC issues, where required
To develop and maintain a regulatory horizon scanning tracker
To carry out reporting on breaches and errors, PA dealing, inducements, data protection etc
To sign off financial promotions in line with FCA rules and expectations and ensuring all financial promotions are clear, fair and not misleading.
To provide detailed Ml for reporting purposes
To collate and oversee information for root cause analysis meetings including breaches, complaints and provide feedback where necessary
To maintain the compliance diary and to assist the completion of regulatory reporting obligations and work with the Head of Compliance Advisory to ensure the information provide is accurate
To ensure the Standing Data of the FCA register is maintained and up to date, including working with HR to ensure the FCA Directory is maintained
To take on specific projects as directed, including Regulatory Change and business transformation projects
To support acquisitions and mergers; carrying out regulatory applications, due diligence and assisting with the implementation of acquisition integration

SM&CR Responsibilities

As an FCA regulated Company, Ascot Lloyd are required to adhere to the Senior Managers and Certification Regime (SM&CR), to develop a culture where employees take personal responsibility for their own actions.

Individual Conduct Rules

You must act with integrity
You must act with due care, skill and diligence
You must be open and co-operative with the FCA, PRA and other regulators
You must pay due regard to the interests of customers and treat them fairly
You must observe proper standards of market conduct
You must act to deliver good outcomes for clients.

Experience / Skills Required

Up to date compliance and risk management knowledge and good knowledge of mature 2nd line controls, policies and procedures
Financial planning / wealth management experience essential
Experience of improving processes to ensure the company is compliant and performing effectively
Proficient in MS Word, Outlook, PowerPoint and Excel
Good communicator, both written and verbal
Keen eye for detail and accuracy