Senior Compliance Officer

Marsh & McLennan Companies; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a senior Compliance Lead Officer to spearhead compliance efforts within its Private Wealth division. This role is pivotal in ensuring adherence to regulatory requirements and managing risk controls. You will be the main point of contact for compliance queries, maintain the risk register, and oversee critical frameworks related to Consumer Duty and Product Governance. Join a vibrant and inclusive team that values professional development and offers a supportive work environment. This is an excellent opportunity to make a significant impact in a dynamic financial services setting.

Benefits

Professional Development Opportunities

Supportive Leaders

Vibrant and Inclusive Culture

Career Opportunities

Benefits and Rewards

Qualifications

• Strong compliance knowledge with experience in financial planning or investment management.
• Ability to report key MI at board level and suggest changes.

Responsibilities

• Lead the business's first line of defence and manage compliance queries.
• Prepare and maintain risk register and oversee Consumer Duty frameworks.

Skills

Compliance Knowledge

Risk Management

Regulatory Knowledge

Analytical Skills

Leadership

Education

Relevant Industry Experience

Job description

Company: Mercer

Compliance Lead Officer – Private Wealth London

Mercer Private Wealth is seeking a senior Compliance officer to lead the business first line of defence and be the main point of contact, dealing primarily with the business interaction with the Mercer 2nd and where appropriate the 3rd lines of defence.

The role principally is to take the lead with Product Governance and Consumer Duty both internally and externally as well as business risk and control tasks.

We will count on you to:

• Prepare, maintain and manage relevant mappings, as required in respect of regulatory change for onward reporting.

• Be the first point of contact within Mercer Private Wealth for the 2LOD and 3LOD and deal with the business requirements relating to this and/or support the SLT to deal with enquiries.

• Prepare and maintain the Mercer Private Wealth risk register on behalf of the Senior Leadership team.

• Oversee and maintain the Consumer Duty and Product governance frameworks as required by the Mercer Private Wealth SLT, participating in relevant committees and ensuring relevant preparation of the papers and MI needed. This will include the maintenance, preparation and feedback on the Consumer Duty Dashboard and information relating to Target Market, Fair Value and manufacturers information requests.

• Act as the Vulnerable Client Champion in MPW and have responsibility for overseeing the aspects of this key role.

• Be the contact point for the operations and advice teams on compliance related queries and AML.

What you need to have:

• A good level of industry experience, ideally gained within supervisory and/or technical compliance role within a financial planning/investment management business.

• Ability to gather, interpret and report at board level on key MI and suggest changes where relevant.

• Technical knowledge on compliance requirements and financial products and ability to manage people.

What makes you stand out:

• Financial Services experience and a detailed knowledge and experience of risk control and regulatory matters.

• An awareness and understanding of current regulatory matters and the ability to implement those whilst maintaining a commercial understanding.

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.

• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.

• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.