Risk and Compliance Analyst - Wealth Management

Swarm Recruitment; Witney; On-site; GBP 42,000 - 63,000; Full time

Benefits offered by this job

Annual Bonus Scheme

Phantom Share Scheme

25 days annual leave

Company Pension Contribution 6%

Private Medical and Dental Insurance

Cycle to Work Scheme

35hrs per week

Full-time office working

Job summary

Swarm Recruitment is seeking a Risk & Compliance professional to support the risk and compliance framework across FCA-regulated wealth management activities. You will work with the Compliance Officer and senior management to assess and manage regulatory and conduct risks, aiming for strong client outcomes.

The role covers risk assessments, monitoring, control testing and reporting, with responsibilities spanning incident management, regulatory submissions and training support.

Qualifications

• Experience in a risk, compliance, audit, governance or assurance role within an FCA-regulated financial services firm.
• Good working knowledge of FCA requirements including conduct risk, Consumer Duty, suitability, complaints, financial promotions, SM&CR and regulatory reporting.
• Understanding of risk management frameworks and control testing.
• Strong stakeholder management and clear reporting skills.

Responsibilities

• Support the Compliance Officer in maintaining and embedding the risk and compliance framework, policies, registers, controls and reporting routines.
• Provide advice and challenge on regulatory, conduct, operational and client outcome risks.
• Assist with monitoring activity, client communications, complaints and record keeping.
• Support business changes and supplier arrangements by assessing risks and regulatory impacts.
• Maintain risk registers and incident records; escalate and close actions.
• Assist investigations of incidents, breaches, and control weaknesses; identify root causes.

Skills

Risk & compliance

Stakeholder management

Regulatory reporting

Analytical thinking

Written communication

Education

ICA/CISI/CII qualification

Risk management qualification

Tools

Power BI

Intelliflo Office

GRC systems

Job description

Hours: Mon - Fri - 9am - 5pm (flexible on start time between 8am - 10am)

About our client and the role:

Swarm Recruitment are delighted to be working with an established, independent wealth management business with a strong reputation and a long-standing family-led heritage. With over 40 years of history, and a team of around 110 employees across the UK, the business has built a successful and established presence within the financial services sector.

The firm provides tailored wealth management, investment and financial planning services to individuals, families and businesses. With a strong focus on long-term client relationships, investment expertise and a people-centred approach, the business combines technical excellence with a clear commitment to helping clients build, protect and enjoy their wealth. It also places significant emphasis on developing its people, investing in learning, career progression and an inclusive working culture.

This is an excellent time to join and play a key role in strengthening and developing its approach to risk and compliance. The successful candidate will support the effective operation of the risk and compliance framework. Working closely with the Compliance Officer, senior management and business teams, you will help identify, assess and manage regulatory, conduct, operational and business risks, while supporting good client outcomes and a strong risk culture.

You will contribute to risk assessments, compliance monitoring, control testing, incident and breach management, policy maintenance and management reporting. The role requires a good understanding of FCA requirements, including Consumer Duty, conduct risk, suitability, financial promotions, complaints, regulatory reporting and SMCR, alongside the ability to apply these requirements in a practical and proportionate way.

Salary & Benefits:

• Annual Bonus Scheme
• Phantom Share Scheme
• 25 days per annum (rising to 27 days after 5 years service), plus bank holidays
• Company Pension Contribution of 6%
• Preferential Rates for Private Medical and Dental Insurance
• Cycle to Work Scheme
• Monday - Friday
• 35hrs per week - Flexible start times between 8am - 10am
• Full-time office working
• The role can be based in one of the following locations; Witney, Norwich or Newcastle-Under-Lyme

Role Responsibilities:

• Support the Compliance Officer in maintaining and embedding the risk and compliance framework, including policies, registers, controls, monitoring plans and reporting routines.
• Act as a practical risk and compliance partner, providing advice, constructive challenge and support on regulatory, conduct, operational and client outcome risks.
• Support compliance monitoring activity, including advice processes, client communications, financial promotions, complaints and record keeping.
• Support business change, new propositions, supplier arrangements and operational improvements by helping teams assess risks, controls, regulatory impacts and client outcome considerations.
• Maintain and support risk registers, using issue logs, breach and incident records, action trackers and control assurance activity, ensuring matters are escalated and followed through to completion.
• Assist with the investigation of incidents, breaches, errors, complaints trends and control weaknesses, identifying root causes, lessons learned and appropriate remedial actions.
• Support regulatory reporting, notifications and information requests, helping to ensure submissions are accurate, timely and appropriately evidenced.
• Prepare MI for management, committees and relevant governance forums, highlighting trends, issues, actions and areas requiring decision or escalation.
• Support oversight of key outsourced and third-party arrangements, including due diligence, ongoing monitoring, service issues and risk assessments.
• Contribute to business continuity, operational resilience and disaster recovery arrangements.
• Promote awareness of regulatory obligations and good risk management through training support, guidance, communications and day-to-day engagement with colleagues.

Experience:

• Experience in a risk, compliance, audit, governance or assurance role within an FCA-regulated financial services firm, ideally within wealth management, financial planning, investment management or advice.
• Good working knowledge of FCA requirements relevant to wealth management, including conduct risk, Consumer Duty, suitability, complaints, financial promotions, SM&CR and regulatory reporting.
• Understanding of risk management frameworks, including risk identification, assessment, mitigation, monitoring, reporting, escalation and control testing.
• Ability to review information critically, identify trends or issues, document findings clearly and recommend practical actions.
• Prior user experience of dedicated GRC systems and / or with Power BI reporting tools; previous experience of Intelliflo Office an advantage.
• Strong stakeholder management skills, with confidence to engage, influence, support and constructively challenge across the business.
• Good written communication skills, with the ability to produce clear reports, meeting papers, monitoring findings and action updates for senior management.
• High level of integrity, discretion and professionalism when handling confidential, client, colleague and regulatory information.

Qualifications:

• Relevant professional qualification, or willingness to work towards one, such as ICA, CISI, CII, risk management or compliance-related qualifications.

By applying for this position, you agree for your data to be stored by Swarm Recruitment until notice is given by you for it to be removed. Your data will only be used for the purposes intended. Our Data Protection Policy will be forwarded to you if requested.