Head of Compliance Monitoring

We are seeking a Head of Compliance Monitoring to join a recently acquired Wealth Management firm. Our client is a prominent provider of pension schemes and investment platforms, offering comprehensive business process outsourcing, technology solutions, and full-spectrum front-to-back office support services.

Responsibilities:

1. Design an annual monitoring plan to ensure all areas are covered in accordance with regulatory expectations and client requirements.
2. Consider higher risk areas in the monitoring plan after discussions with senior management.
3. Develop or oversee detailed monitoring programmes across relevant areas, ensuring updates when regulations or SOPs change.
4. Coordinate with relevant areas and allocate staff (UK & offshore) to execute monitoring activities.
5. Review findings, distinguish between system issues and regulatory breaches, and decide on reporting procedures.
6. Investigate breaches and issues, recommend remedial actions, and enhance SOPs and controls.
7. Discuss findings with management and issue reports.
8. Ensure follow-up actions are implemented effectively.
9. Manage, mentor, and train UK and offshore teams.
10. Assist in client visits as needed.

Essential skills & experience required:

• Experience in compliance monitoring or audit within retail investments, with the ability to quickly learn pensions regulations if not previously covered.
• Proven experience in the Wealth, Investment, or Asset Management industry.
• Level 4 Diploma in Financial Planning is advantageous.
• Previous staff management experience, including resource allocation.
• Expert knowledge of regulations and their application across relevant business activities.
• Ability to work independently and under pressure.
• Organized and efficient work approach.
• Strong written and verbal communication skills.
• Credible, assertive, and professional demeanor.
• Discretion, tact, resilience, and influencing skills.
• Ability to engage with internal stakeholders and regulators effectively.
• Commitment to customer interests and high standards of market conduct.

Location: Hybrid (London/Reading office 2-3 times per week)

Momenta is a UK market-leading financial services resourcing business, offering excellent career development opportunities. If you possess the relevant skills and experience, apply today to join a company dedicated to quality resources, consulting expertise, and people development in financial services.