Background
 
Sanlam UK is part of Sanlam, the global financial services Group that was established in 1918. The Group provides a range of financial products and services to over 10 million clients globally and is listed on the Johannesburg Stock Exchange.
 
We are a leading provider of wealth and investment management services to private clients, professional advisers, charities, corporates and institutions. Combined, we manage almost £14 billion of client assets from 17 offices across the UK, employing a diverse range of c.530 professionals. We have attained our size, strength and reputation by providing a high quality, personalised service to clients, whatever their stage of life or financial ambitions.          
                                                                                  
The role
 
Based out of our Bristol/London office, we are currently looking for an Advisory Compliance Manager to join our Wealth team on a permanent basis.
 
Assisting the Head of Advisory Compliance – Wealth Management & Advice in identifying, assessing and analysing the impact on Sanlam UK’s Compliance and Conduct Risk profile. Taking reasonable steps to ensure the fair treatment of customers and be responsible for complying with the rules laid down by regulatory bodies and reporting any material breaches to the relevant regulator(s).
 

  1. Key Accountabilities

 

  • Maintain a thorough knowledge of all legislative, technical (product) and regulatory changes relating to Advice & Suitability and take steps to ensure that systems and controls are put in place to ensure compliance with those requirements.

  • Provide advice & support to Financial Planning and Wealth Management on Advice issues, especially Suitability, by means of group presentations and training, emails & updates, telephone support etc

  • Assist in producing associated Compliance reports & MI to the Board (and other relevant committees) on Suitability & Advice issues, the impact of regulatory developments and updates on implementation.

  • Sign off Financial Planning & Wealth Management Financial Promotions. Assist in maintaining appropriate registers for Advice including Financial Promotions, Regulatory Rule Breaches, Conflicts of Interest, Risk Assessments etc.

  • Assist in the review of Financial Planning and Wealth Management’s relevant policies and procedures to ensure compliance with FCA rule changes.

  • Participate and lead projects as and when they arise, ensuring appropriate engagements and consistency across Sanlam UK Group.

  1. Measures

  • Provision of timely advice and guidance to the Sanlam UK group, particularly Financial Planning and Wealth Management, with focus on advice and suitability.

  • New regulatory compliance requirements associated with advice and suitability are implemented when due.

  • The regulatory risk to the Sanlam UK group is minimised as a result of robust systems and controls.

  • No material FCA/PRA rule breaches, satisfactory outcomes of reviews/exercises initiated by the Regulator and no increase to Sanlam UK group’ risk rating (as set by the Regulator).

  • Documents to support the advice and DFM suitability processes, e.g. Factfinds, Procedures etc., are compliant and deliver fair customer outcomes

  • Provision of training/ support and ongoing advice to staff and managers on regulatory issues within their areas of operation

  • Ensure front line staff have an understanding of Suitability requirements

  • Timely focused compliance reporting that is appropriate for each ‘audience’. 

  • Demonstrating that conduct risk is embedded within Financial Planning & Wealth Management and that Sanlam UK group Conduct Risk framework operates effectively and appropriate management action is taken when required.

  • Financial Promotions signed off in a reasonable time frame & up- to-date registers and associated paperwork are maintained.

  • Any rule breaches/issues are raised and discussed in the appropriate forum and are followed through to resolution. 

  • New regulatory compliance requirements are updated when due.

  • A review framework is in place so each policy and procedure is updated at least annually.

  • Supporting operational projects, business developments and initiatives.

  • Promoting the effective control and management of regulatory risk to meet regulatory expectations.

  • Ensuring there is appropriate and demonstrable consideration of Conduct Risk.

  • Supporting cost effectiveness and efficiency.

 
Skills and experience
 

  1. Qualifications:

 
Preferably educated to a Degree level and a Professional Compliance/Regulatory Qualification or Professional Industry Qualification e.g. Post Graduate Diploma/Diploma in Compliance, or Diploma in Financial Planning/Chartered Financial Planner.
 

  1. Experience:

 
At least 5 years’ experience in Compliance within financial services (in-house or consultancy) preferably retail investments and pensions environment.
Regulatory change experience.
 

  1. Knowledge:

 
Proven understanding of the regulatory environment, particularly FCA systems & controls and conduct of business regulation.

Strong appreciation of Compliance and Conduct Risk and how these are embedded within a business.
 

  1. Skills:

  • Ethical and principled.

  • Analytical mind and diligent.

  • Well organised.

  • Self-motivated and proactive.

  • Good communication skills.

  • Teamwork skills.

  • Positive and confident.

  • IT skills.

 
If you are interested in applying for this role, please email resourcing@sanlam.co.uk  with a copy of your CV attached.
 
Sanlam is an equal opportunities employer and promotes an inclusive working environment where employees respect and value each other's diversity.
 

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