Regulatory Advisory

Role Description

This role profile covers FNZ's wealth and bank propositions.  This role requires experience in providing compliance consultancy to relation to FCA/PRA requirements for banks/wealth clients.   The role will require engagement with clients' 2LOD teams providing assurance of 2LOD oversight of their business proposition with FNZ and maintaining awareness of material compliance issues affecting those clients and the first line activity in relation to addressing those issues.     

Specific Role Responsibilities

Compliance Culture

• To assist senior management to promote the compliance culture of FNZ ('the Company'), in particular promoting the understanding of regulatory obligations.
• To provide training to the business as required.
• To attend governance meetings as required.

Compliance Consultancy

• To provide in-depth advice to the Company on FCA, HMRC and other applicable regulations and legislation in connection with the Company's regulated and administrative activities.
• To provide regulatory advice in connection with business propositions.
• To provide compliance support to projects as required.
• To review risk events, confirm rule references and advise, as required, on action to be taken to rectify any breaches of the FCA's Rules and where necessary, HMRC and other regulations.

Regulatory Compliance Policy

• To assist the business to meet the minimum standards of the Regulatory Compliance Policy
• Reviewing and updating  the Regulatory Compliance Policy and supporting policies to ensure continued compliance with regulatory requirements.

Client Relationship Management with 2LOD Counterparties

• To build relationships with the Company's clients' 2LOD functions.
• To provide 2LOD Compliance oversight of the business in connection with specified clients ensuring familiarity with key client risks and issues.
• To undertake risk trend analysis as required in connection with specified clients.
• To maintain awareness of functionality change delivery and approve releases on behalf of 2LOD for specified clients.

Compliance Monitoring Plan (CMP)

• To assist in carrying out the Compliance Monitoring Plan if required.  This may include carrying out reviews; assisting with reviews e.g. sampling or carrying out side by sides; or overseeing the reviews being carried out.  
• To carry out analysis of risk event trends in relation to functions/ specified clients and carry out deep dive investigations/monitoring on areas where trend analysis has highlighted potential problems.

Regulatory Developments

• To assist the Regulatory Developments section of the Compliance team by providing input where required into regulatory change impact assessments and assisting clients where required in relation to those regulatory changes. 

External Liaison

• To prepare reports and liaise with clients on compliance matters.
• To liaise with auditors and consultants on compliance matters where required.

Governance meetings

• To assist in the preparation of Committee papers.
• To attend Governance meetings as required.

Team working

• To share ideas to enhance cross-team learning and business development.
• To build and maintain relationships with internal and external parties.
• To support the team's efforts to succeed.

Maintaining operational and company standards

• To support the Company's goals and values.
• To encourage and drive quality and continuous improvement of processes used across the business.
• To ensure practices are compliant with regulatory bodies' expectations.

Personal Effectiveness

• The ability to build relationships with clients and within the Company.
• The ability to prioritise and manage service delivery targets within tight constraints.
• To take ownership for workload and be proactive in approach.
• Strong communication skills, using appropriate language and style of communication that is relevant to the situation and circumstances to influence.
• To demonstrate sufficient self-awareness to identify personal strengths and areas for development.
• Ability to analyse and problem solve.
• Calm, reasonable and professional manner.
• Ability to work under pressure.
• Flexible to change, eager to improve and develop new skills.

Experience required

• Significant previous experience in a regulatory role that enables you to support the clients' propositions.
• Detailed knowledge of the FCA Handbook particularly SYSC, CASS, COBS and COLL rules and HMRC requirements and how they apply to the operational environment.
• Good knowledge of appropriate European Directives.
• Experience of both front and back office investment operations functions an advantage gained through a compliance function
• Professional or industry qualification.
• Excellent communication, relationship management and influencing skills.
• Ability to build and maintain effective internal and external relationships.
• Ability to analyse, present and report regulatory information to senior stakeholders in a clear and concise manner.

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About FNZ

FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back. 

We created wealth's growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution. 

We partner with the world's leading financial institutions, with over US$2.2 trillion in assets on platform (AoP).

Together with our clients, we empower nearly 30 million people across all wealth segments to invest in their future.