Compliance Officer-Wealth Management

Newcastle, England, United Kingdom

12/12/2024

who are Azets

The Azets Wealth Management Compliance Officer is responsible for overseeing and ensuring compliance with all relevant laws, regulations, and internal policies within the Wealth Management department of Azets. This critical role is pivotal in mitigating risks, protecting the reputation of the institution, and ensuring that all Wealth Management activities are conducted in a legal and ethical manner. The role involves monitoring, assessing, and enhancing the compliance framework, and providing guidance to the Wealth Management team to achieve the highest standards of compliance.

The Wealth Management Compliance Manager plays a crucial role in ensuring that our wealth management services are provided in a compliant and ethical manner. This position requires a deep understanding of regulatory requirements, strong leadership skills, and the ability to adapt to a changing compliance landscape. The individual in this role must uphold the highest standards of integrity, transparency, and professionalism while safeguarding the organization's reputation and assets.

Key Responsibilities

• Stay up-to-date with relevant laws and regulations that affect Wealth Management services and products.
• Develop, implement, and manage a comprehensive compliance program to ensure adherence to all applicable regulatory requirements.
• Monitor changes in the regulatory environment and adapt compliance policies and procedures accordingly.
• Provide guidance and direction to the Azets Wealth Management team to ensure compliance with all internal and external regulations.
• Conduct regular compliance assessments and audits to identify areas of non-compliance or potential risks.
• Report findings to senior management and recommend corrective actions as necessary.
• Develop, update, and maintain compliance policies and procedures specific to Wealth Management.
• Communicate changes in policies and procedures to the relevant stakeholders and ensure their understanding and adherence.
• Design and deliver compliance training programs to educate Wealth Management staff on regulatory requirements and compliance best practices.
• Ensure that staff members understand their responsibilities with regard to compliance.
• Conduct KPI 1-1 with advisers and provide feedback
• Identify and assess compliance risks associated with Wealth Management activities.
• Develop and implement strategies to mitigate compliance risks.
• Collaborate with other risk management functions within Azets to create a holistic risk management approach
• Establish a system for continuous monitoring and reporting of compliance activities.
• Prepare and submit regular compliance reports to senior management and regulatory authorities as required
• Investigate compliance incidents and breaches to identify the root causes and implement corrective actions.
• Report significant incidents to senior management and regulatory authorities as necessary.
• Assess the compliance of third-party vendors and service providers used by Azets Wealth Management.
• Ensure that client communication meets the regulatory standards and those set by the firm
  
  
  

What are we looking for?

• Level 4 qualified as minimum)or relevant professional certifications (e.g., Certified Regulatory Compliance Manager) is a plus.
• A minimum of 5 years of experience in compliance within the financial industry, with a focus on Wealth Management compliance.
• In-depth knowledge of relevant financial regulations, such as FCA
• Strong analytical, problem-solving, and risk assessment skills.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.
  
  
  

What's in it for you?


Our benefits include hybrid & flexible working, birthday leave, professional subscription and much more. You can find out more about how we reward our colleagues - Careers | Rewards And Benefits | Azets UK

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