Risk & Compliance officer, MLRO (Wealth Management) (12339)

Investec; London; Hybrid; GBP 80,000 - 110,000; Full time

Job summary

A financial services firm in London seeks a Risk and Compliance Lead to develop and execute its compliance strategy. You will ensure adherence to FCA regulations, manage AML frameworks, and act as primary contact for regulators. The ideal candidate has regulatory compliance experience in wealth management and strong leadership skills. This role offers a hybrid working model and competitive wellbeing benefits.

Benefits

Wellbeing Subsidy

Corporate Gym Membership

Non-contributory Pension

Discretionary Bonus

Life Assurance

Qualifications

• Experience in regulatory compliance within wealth management.
• Proven leadership in cross-jurisdictional regulatory risk.
• Familiarity with UK regulations like FCA, AMLD5/6.

Responsibilities

• Lead the development and execution of compliance and risk management strategy.
• Oversee AML frameworks and ensure compliance with FCA regulations.
• Act as primary contact for regulators and auditors.

Skills

Regulatory compliance expertise within wealth management

Strong financial crime compliance experience

Advanced knowledge of UK regulations

Excellent communication skills

Strategic thinking

Education

ICA, CISI or equivalent qualifications

Job description

Role Purpose

As the Risk and Compliance Lead and MLRO (Wealth Management), you will lead the development and execution of the firm's compliance and risk management strategy. You will ensure adherence to FCA and Swiss regulatory requirements, oversee AML frameworks, and embed a culture of risk awareness across the organisation. This will be a stand alone position.

Key Responsibilities

Compliance Oversight (SMF16)

• Maintain and monitor compliance with FCA regulations, including SMCR, COBS, and SYSC.
• Implement a risk-based Compliance Monitoring Programme.
• Ensure policies, procedures, and controls are robust and regularly reviewed.
• Provide regulatory guidance and training to staff.
• Collaborate with Swiss compliance teams to ensure cross-border regulatory alignment.

Money Laundering Reporting Officer (SMF17)

• Oversee AML systems and procedures in line with SYSC rules.
• Ensure timely and accurate reporting of suspicious activity.
• Deliver AML training and maintain high standards of governance.
• Liaise with regulators and ensure compliance with AML obligations.

Risk Management Oversight

• Develop and maintain a risk management framework aligned with ISO standards.
• Continuously assess and improve risk controls and reporting.
• Promote a culture of risk awareness and secure stakeholder buy-in.
• Establish governance structures to support the firm's risk agenda.
• Manage personal account dealing register and approvals.

Other Responsibilities

• Act as primary contact for regulators and auditors on compliance and risk matters.
• Advise senior leadership on emerging UK regulatory changes.
• Contribute to strategic planning as a member of the Executive Team.

Core Skills and Experience

• Experience in regulatory compliance within wealth management.
• Strong financial crime compliance experience.
• Advanced knowledge of UK regulations and FCA reporting.
• Proven leadership in cross-jurisdictional regulatory risk.
• Familiarity with CRS, FATCA, AMLD5/6, SYSC 8, COBS, MiFID, MLR, SM&CR, GDPR.
• Excellent communication, analytical, and decision-making skills.
• Strategic thinker with a practical, solutions-oriented approach.

Desirable Attributes

• Recognised industry contributor in Compliance.
• Knowledge of Swiss and EU regulatory regimes.
• ICA, CISI or equivalent qualifications preferred.

Our Culture

At Investec, we value out-of-the-ordinary thinkers who bring energy, integrity, and tenacity. We foster a culture of diversity, flexibility, and challenge, where individuals are empowered to make a meaningful impact.

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote.

Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work.

Here is a selection of what we offer;

Wellbeing

Wellbeing Subsidy, Corporate Gym Membership, Virtual GP, Peppy Health App (Fertility, Menopause and Early Parenthood), Optional Private Medical & Dental Insurance

Monetary

Non-contributory Pension & Discretionary Bonus

Life & Income Protection

Life Assurance, Critical Illness & Income Protection

Travel

Season Ticket Loan & Electric Vehicle Scheme

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

Recite Me

We commit to ensure that everyone is fairly assessed during our recruitment process. To assist candidates in completing their application form, Recite Me assistive technology is available on our Careers pages. This can be accessed by clicking on the 'Accessibility Options' link at the top of the page.

The Recite Me tool includes a screen reader, styling and customisation options, a series of reading aids, a translator and more.

If you have any form of disability or neurodivergent need and require further assistance in completing your application, please contact the Careers team at [email protected] who will be happy to assist.