Compliance Officer

mbf.; City Of London; Hybrid; GBP 100,000 - 130,000; Full time

Job summary

mbf. is seeking a senior Compliance Officer to lead SMF16 and SMF17 responsibilities within a growing boutique Independent Financial Adviser. You will embed a practical, business-focused compliance culture across advisers and operations while ensuring regulatory excellence and supporting growth.

You will oversee regulatory reporting, training, and governance, working closely with Partners and senior management to shape the firm’s compliance strategy and maintain high standards of governance.

Qualifications

• Must have SMF16 and/or SMF17 responsibilities with prior experience in an Independent Financial Adviser or wealth firm.
• Thorough understanding of the FCA Handbook, Consumer Duty, AML regulations, financial promotions, complaints handling and GDPR.

Responsibilities

• Holding SMF16 and SMF17 responsibilities
• Preparing and presenting Consumer Duty and AML annual reports
• Designing and delivering a risk-based Compliance Monitoring Programme
• Conducting technical advice file reviews and providing constructive feedback
• Completing RMAR returns and maintaining regulatory reporting
• Managing complaints and overseeing SARs
• Reviewing and approving higher-risk advice cases including pension switches, EIS, VCTs and inheritance tax planning
• Developing and enhancing compliance policies, procedures and governance frameworks
• Supporting Investment Committee with governance of CIP and CRP
• Delivering compliance training and providing ongoing technical support to advisers and teams
• Driving continuous improvement across the function using technology and management information

Skills

Regulatory governance

Leadership

Stakeholder management

Regulatory reporting

Training & coaching

Education

Diploma in Regulated Financial Planning

Compliance qualifications

Tools

Regulatory reporting tools

Job description

An outstanding opportunity has arisen to join a highly respected boutique Independent Financial Adviser as their Compliance Officer, taking responsibility for the SMF16 (Compliance Oversight) and SMF17 (Money Laundering Reporting Officer) functions.

This is a senior leadership role within a successful and growing wealth management business that advises high-net-worth individuals, entrepreneurs and families. The successful candidate will work closely with the Partners and senior management team to shape the firm's compliance strategy, ensuring regulatory excellence whilst supporting continued commercial growth.

This is far more than a traditional compliance role. You’ll play a key part in embedding a practical, business-focused compliance culture that supports advisers in delivering outstanding client outcomes while maintaining the highest standards of governance.

Key responsibilities will include:

• Holding SMF16 and SMF17 responsibilities
• Preparing and presenting Consumer Duty and AML annual reports
• Designing and delivering a risk-based Compliance Monitoring Programme
• Conducting technical advice file reviews and providing constructive feedback
• Completing RMAR returns and maintaining regulatory reporting
• Managing complaints and overseeing Suspicious Activity Reports (SARs)
• Reviewing and approving higher-risk advice cases, including pension switches, EIS, VCTs and inheritance tax planning
• Developing and enhancing compliance policies, procedures and governance frameworks
• Supporting the Investment Committee with governance of the Centralised Investment Proposition (CIP) and Centralised Retirement Proposition (CRP)
• Delivering compliance training and providing ongoing technical support to advisers, paraplanners and operational teams
• Driving continuous improvement across the compliance function through effective use of technology and management information

The successful applicant will have previous experience undertaking SMF16 and/or SMF17 responsibilities within an established Independent Financial Adviser or wealth management firm.

You’ll possess a thorough understanding of the FCA Handbook, Consumer Duty, Anti-Money Laundering regulations, financial promotions, complaints handling and GDPR, together with a commercial approach that enables compliance to support business growth.

Ideally, you will hold the Diploma in Regulated Financial Planning (or equivalent), relevant compliance qualifications and demonstrate an ongoing commitment to professional development.

In return, you’ll join a growing boutique wealth management business where your expertise will genuinely influence the future direction of the firm. Alongside a basic salary of £100,000+, the company offers a performance-related bonus, comprehensive benefits package, hybrid working and the opportunity to become an integral member of the senior leadership team.