Risk and Governance Lead
5 days ago
Risk and Governance Lead
About the Role:We are seeking an experienced Risk and Governance Lead to join our client, a leading financial planning and wealth management business. As a key member of the Management Committee, this role is responsible for driving strategic initiatives that enhance compliance and risk management capabilities.
Key Responsibilities:- Develop and maintain documented and effective systems, policies, processes, and controls to ensure compliance with regulatory requirements.
- E nsure full compliance with the FCA's Consumer Duty by embedding consumer-focused governance across all levels, overseeing product and service design to meet target market needs, ensuring fair value, enhancing consumer understanding and support, and maintaining robust monitoring and reporting mechanisms to deliver and demonstrate good consumer outcomes.
- Keep up-to-date with developments that may affect the compliance and risk of the group.
- Provide advice to senior management on FCA-related and other regulatory issues and changes to the FCA rules.
- Prepare an annual compliance report for senior management.
- Ensure full compliance at all times with the Conduct Rules and the requirements of the Financial Services and Markets Act 2000, the FCA Principles, and all applicable regulations in the FCA Handbook.
- Manage FIT assessments for all Senior Managers and Certified Persons and ensure annual reviews.
- Establish a risk-based approach to compliance monitoring.
- Conduct regular reviews of firm activities to ensure they meet relevant requirements.
- SM16 experience within a wealth or financial planning environment.
- Strong team leadership and communication skills.
- An excellent understanding of regulatory requirements, industry best practices, and emerging risks relevant to the wealth management sector.
- Good knowledge of policies, controls, and monitoring required to enable positive consumer outcomes.
- The ability to interpret complex regulations and provide clear, actionable guidance.
- A proactive and self-supportive approach to fostering a positive compliance culture.
- Excellent report writing and presentation skills.
£90,000 - £110,000 per annum
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