Vacancy Detail

View vacancy list

Business Monitoring Officer

Our national client is looking to recruit a Business Monitoring Officer. This is a newly created role due to continued expansion within the business and its overall Compliance function across the UK.

Please note: This is a home based role.

Overview

  • To create and maintain a bank of Suitability Report templates for the business,working with advisers and paraplanners to ensure these are compliant and 'customer focussed’.
  • To 'collaborate’ with Advisers and Paraplanners within the business to achieve best outcomes and work effectively with the Business Monitoring Team to identify examples of 'best practice’ and incorporate these into future guidance and Suitability Report templates.
  • To update and maintain a Checklist & Guidance document for each product area in line with the file and Suitability Report requirements.
  • To check the suitability of advice provided by Group Advisers to a high standard in line with the Regulator’s expectations and to check Periodic Suitability Assessments in line with MIFID II requirements and Group requirements.
  • To assist with the education and training of new and existing Advisers within the Group to ensure that they have a thorough understanding of the compliance standards that need to be achieved and maintained.
  • To make the Business Monitoring Manager aware where systemic problems are identified with any Adviser/Office and assist in the provision of appropriate training and guidance to address this.
  • To assist in other areas of Business Monitoring/Compliance, as required.

Responsibilities

  • To create and maintain a bank of Suitability Report templates for the business:-
  • Ensure that template Suitability Reports are compliant and in line with checklists and guidance
  • Liaise with Advisers and Paraplanners in the business to ensure that the templates are 'client focussed’ and take into account the requirements of different offices
  • Work effectively with the Business Monitoring Team to encourage examples of 'best practice’ to be highlighted and incorporate these into future guidance and Suitability Report templates.
  • Update checklists and guidance documents, as required

To undertake client file reviews in line with Group procedures covering all aspects of business written within the Group:-

  • Construct a clear and professional report on each file identifying whether the Adviser has met the regulatory and internal compliance requirements.
  • Provide both written and verbal feedback to Advisers regarding the findings of the review.
  • Build rapport with the Advisers within the Group to ensure that good relationships are maintained across the Group.
  • Assist with the development of internal systems and process within the Business Monitoring Team.
  • Provide support to the Business Monitoring Manager and Group Regulatory Director, as required.
  • Identify any negative trends and propose a resolution to achieve the required Group standards.
  • Assist with planning and delivering File Review training to Advisers and Paraplanners within the Group, as required.
  • Assist with Due Diligence exercises as required by the Group Regulatory Director.
  • To act as a positive ambassador for the Group at all times.

Skills required:

  • Ability to collaborate with key stakeholders within the business to understand their business requirements, take on best practice ideas and formulate 'user friendly’ Suitability Report templates
  • High standard of both written and verbal communication skills - ability to communicate effectively and work together with Advisers and Paraplanners and the Business Monitoring Team.
  • Excellent attention to detail and analytical ability
  • Ability to work as part of a team and to provide constructive feedback in a positive manor
  • Highly organised with the ability to work to tight deadlines, when required.
  • Ability to self-motivate in self-learning and the recording of CPD
  • Diploma in Financial Planning (or equivalent) or working towards this
  • Working knowledge of the UK regulatory framework
  • A range of qualifications in 'specialist’ areas e.g. Occupational Pension Transfers, Long Term Care, Trusts etc
  • Strong organisational skills
  • Minimum of 3 years financial services industry experience, preferably in a compliance monitoring/file review/technical specialist role
  • Excellent interpersonal skills; ability to coach
  • Excellent organisational and multi-tasking abilities are essential
  • Professional, positive, 'can-do’ attitude
  • A desire for continuous improvement and improving technical knowledge

Qualifcations & Exeprence

  • Diploma in Financial Planning (or equivalent) or working towards this
  • Working knowledge of the UK regulatory framework
  • A range of qualifications in 'specialist’ areas e.g. Occupational Pension Transfers, Long Term Care, Trusts etc
  • Strong organisational skills
  • Minimum of 3 years financial services industry experience, preferably in a compliance monitoring/file review/technical specialist role
  • Excellent interpersonal skills; ability to coach
  • Excellent organisational and multi-tasking abilities are essential
  • Professional, positive, 'can-do’ attitude
  • A desire for continuous improvement and improving technical knowledge

The business is looking to interview immediately and appoint as soon as possible subject to your notice period.

Please apply to us here at Recruit Wealth for an immediate response.


Location: Manchester/Home Based | Salary: 43000 - 46000 per | Job type: | Posted: 07/12/2021

Apply for this Vacancy