Compliance Suitability - Wealth Manager

MERJE; Greater London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A reputable Wealth Management firm in Greater London seeks a Business Assurance Analyst to review suitability reports for compliance with FCA regulations. The ideal candidate will hold a Level 4 qualification in Financial Planning and have experience in file reviewing for retail clients. Strong communication skills and an understanding of financial planning principles, particularly pension planning, are essential. This is a collaborative role requiring feedback and process improvement discussions with report writers and management.

Qualifications

• Level 4 qualified with a Diploma in Financial Planning.
• Strong understanding of FCA's suitability requirements.
• Experience in reviewing personal recommendations.

Responsibilities

• Review suitability reports for compliance with FCA requirements.
• Communicate with internal clients to gather necessary information.
• Provide constructive feedback to report writers.

Skills

Understanding of FCA's COBS requirements

Financial planning principles

File reviewing experience

Effective communication skills

Dynamic people skills

Education

Level 4 qualified – Diploma in Financial Planning

Job description

Overview

MERJE are delighted to be partnered with this established Wealth Management firm in London.

Working in a highly collaborative and successful environment, you will be part of a team that provides regulated financial and investment advice to clients in the UK and across Europe. As a Business Assurance Analyst, you will review and assess suitability reports related to pensions, ISAs, General Investment Accounts, investment bonds (onshore and offshore) and trusts.

Responsibilities include :

• Review suitability reports to ensure that any financial and investment advice given to potential and existing clients meet the overarching suitability requirements of the Financial Conduct Authority
• Proactively contact internal clients and seek further information and any necessary clarifications.
• Provide feedback to report writers and respond to any follow-up enquiries.
• Provide feedback to the Training Program Manager on areas that require further improvement and development in the advice team.
• Discuss possible process improvements with management and senior management.
• Attend roundtable meetings with report writers to discuss themes identified in reviews and suggest areas for improvement.

Ideal candidate :

• Level 4 qualified – Diploma in Financial Planning / Regulated Financial Planning
• Very strong understanding of the FCA's COBS requirements for suitability
• Prior experience in file reviewing personal recommendations for retail clients
• Very strong understanding of financial planning principles with a specialism in pension planning
• Able to clearly explain complex issues in writing and face-to-face.
• Dynamic people skills with the ability to provide an efficient, professional and courteous service to internal clients