Front Office Risk and Control Officer | London, UK

LGT Group; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading wealth management firm based in London is seeking a Front Office Risk & Control Officer to ensure compliance with regulatory standards and enhance client outcomes. The role involves monitoring processes, preparing reports, and collaborating with the Front Office team, all while fostering a client-centric approach and maintaining high standards of accuracy.

Qualifications

• Experience in a discretionary or advisory investment management environment focusing on retail investors.
• Strong knowledge of FCA Suitability requirements and relevant rules.

Responsibilities

• Support the design and upkeep of monitoring processes for compliance with regulations.
• Complete regular monitoring tasks and assist in resolving client mandate breaches.
• Produce reports for Boards and Committees.

Skills

Client centric

Attention to detail

Interpersonal skills

Negotiation

Teamwork

Education

Educated to degree level or equivalent professional experience

Relevant industry or professional Compliance qualification

Job description

LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey based clients. Our head office is based in London however we have a presence in Edinburgh, Jersey, Leeds, Birmingham, Bristol and Manchester. The plan was simple: put our clients first by providing a transparent service, designed around what is right for each of them. By drawing together in-depth knowledge and experience from across the industry, we provide a flexible, bespoke service adapted to each of our clients' needs.

Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector. We have over £30 billion in funds under management and circa 700 staff.
Job Description

Business Unit:

Sitting within the Front Office, the role of the Front Office Risk & Control Team is to help ensure that good client outcomes are being achieved, and portfolios are being correctly managed in line with relevant regulatory standards, internal policies, and procedures.

Brief Role Objective:

The Front Office Risk & Control Officer will report into the Head of Front Office Risk & Control, with a strong focus on Suitability for our Discretionary Management Service and Wealth Planning Service.

The Team also provide support to strategic initiatives and day-to-day issues which may arise - within both the Front Office function and wider business.

Monitoring will include a combination of pre-planned assurance work together with dealing with ad hoc queries and requests for information.

The role holder is expected to be passionately focused on good client outcomes and the prevention of foreseeable harms.

Key Responsibilities:

• Support the design and upkeep of the Team's monitoring processes to ensure adherence with key regulatory requirements and internal policies, procedures, group standards.
• Complete regular monitoring tasks (including Suitability), in line with the Team's monitoring plan. A key focus of this role will include monitoring in relation to our Discretionary Management Services and Wealth Planning Services (e.g. pension accumulation, retirement planning, inheritance tax planning).
• Support the production and ongoing development of effective MI / KPIs (at business, team, and individual level) to monitor ongoing competence, adherence to policies and procedures, and to demonstrate that the right client outcomes are being achieved.
• Support the resolution of any breaches of client mandates.
• Support production of periodic reports to Boards and Committees as required.
• Support Front Office staff and key stakeholders across the business, acting as a key contact for first line Suitability matters.

• Strong collaboration and sharing of best practice with teams within the Front Office and the wider business, including Risk & Compliance.
• Support the delivery of key Front Office Risk & Control initiatives - developments within the team, with a focus on efficiency, intelligent use of data and, where appropriate, help introduce automation.
• To coordinate and provide Suitability related training as agreed.

Requirements

Key Skills and Technical Requirements:

• Educated to degree level or equivalent professional experience.
• Experience of working in a discretionary or advisory investment management environment with a focus on Retail investors.

• Awareness of the current financial services environment.
• Relevant industry or professional Compliance qualification.

Other Skills and Attributes:

• Strong knowledge and application of FCA Suitability requirements; and good knowledge of FCA conduct of business rules as they relate to both discretionary portfolio management and wealth planning services.

• Strong knowledge and awareness of the relevant rules and guidance of the JFSC and SEC.
• Client centric.
• Investment focused - good understanding of client investment needs; a working knowledge of fixed income, equity and cash type instruments, investment concepts and characteristics.
• Strong interpersonal skills and teamwork - an ability to build and nurture relationships with a diverse range of personalities at a variety of different levels in addition to leading a team.
• Strong presentation and communication skills.
• Strong negotiation and influencing skills: capable of representing the client which may necessitate constructively challenging Investment Managers / Wealth Planners.
• Attention to detail and strong focus on accuracy of information.
• Self-confident and able to influence effectively.
• Self-motivated.

Contact Information

We are looking forward to receiving your online application.

For any further information please do not hesitate to contact us.

LGT Wealth Management UK LLP
Human Resources
Alex Johnson

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