Business Assurance Support (12 months FTC)

IDEX Consulting; City of Edinburgh; On-site; GBP 30,000 - 40,000; Full time

Job summary

A financial consulting firm in Edinburgh seeks a proactive Business Assurance Support for a 12-month contract. This role involves ensuring compliance, supporting Advisers, and monitoring suitability. Applicants should have a strong understanding of regulatory standards, at least 3 years' experience in financial planning, and hold a Level 4 Diploma in Financial Services or equivalent. This position plays a key role in maintaining compliance and adviser development.

Qualifications

• Minimum of 3 years' experience in the Financial Planning & Investment industry.
• Strong understanding of suitability advice file standards.
• Good knowledge of the UK regulatory system, particularly advisory-related areas.

Responsibilities

• Analyse Adviser suitability results and implement reviews to maintain quality.
• Support the Business Assurance Manager in monitoring Advisers' suitability.
• Conduct spot checks on various team processes to identify risks.

Skills

Understanding of suitability advice file standards

Knowledge of the UK regulatory system

Experience in Financial Planning & Investment

Working knowledge of Xplan

Proficient in Excel and data handling

Education

Level 4 Diploma in Financial Services or equivalent

Tools

Xplan

Excel

Job description

Overview

We are looking for a proactive and detail-oriented Business Assurance Support to join our team on a 12-month fixed-term contract. This role will support the Business Assurance Manager in identifying risks, supporting Advisers and ensuring compliance across the group.

Key responsibilities

• Collate and analyse Adviser suitability results (ongoing and new) and implement further reviews where required to maintain quality and compliance
• Support the Business Assurance Manager in monitoring Advisers' ongoing suitability, highlighting exceptions, overdue reviews and escalating issues where necessary
• Assist Advisers requiring additional support through Adviser improvement plans, conducting pre- and post-file reviews and liaising with the T&C Manager as needed
• Liaise with the risk & compliance team and external parties on advice construction and monthly file checks across the private client team
• Carry out spot checks on various team processes (e.g., new business register, pipeline) to identify risks or training needs
• Review and update the Adviser procedure manual, ensuring processes and responsibilities (e.g., vulnerable clients, PEPs, fee discount register) are clear and up to date
• Develop and deliver training plans for new Advisers, ensuring full understanding of procedures and regulatory responsibilities
• Coordinate monthly business assurance meetings, raising risks and ensuring follow-up actions are completed
• Stay up to date with FCA rules and regulations, providing support on Consumer Duty and Product Governance when required

Knowledge & experience

• Strong understanding of suitability advice file standards
• Good knowledge of the UK regulatory system, particularly advisory-related areas
• Minimum of 3 years' experience in the Financial Planning & Investment industry
• Working knowledge of Xplan (preferred)
• Proficient in Excel and data handling

Qualifications

• Level 4 Diploma in Financial Services (or working towards this) or equivalent

This is a fantastic opportunity to play a key role in maintaining compliance, supporting adviser development and strengthening business assurance within a professional and forward-thinking team.

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