Job Details

Head of Risk & FCA Compliance

Cardiff, Milton Keynes, United Kingdom, Permanent

Posted: 18days ago


Our unbiased approach to financial planning sets us apart from other financial planning firms. Mazars Financial Planning Ltd (MFP) provides impartial, tailored financial planning advice and wealth management to:

  • Individuals
  • Business Owner-Managers
  • Trustees - Private and Charitable

We are a leading, purely fee based, Independent Financial Adviser (IFA). We provide a full range of financial planning services, from financial health checks to advice about investments, pensions, tax planning and employee benefits.

Because we are independent, we are not reliant on commission payments from providers which means our advice is truly unbiased and tailored to clients. As a result, clients only pay for our advice, as they require it. This unbiased approach to financial planning, based solely on a client's circumstances and lifestyle objectives, sets us apart from other financial planning firms.

Job Purpose

The successful candidate must have proven experience of delivering a proactive Risk & Compliance Framework in a growing business.

  • Act as Compliance Officer & MLRO for MFP and the other FCA regulated entities within the Mazars group
  • Attendance at Board Meetings with responsible for and reporting to the Board on all aspect of risk within the business
  • A member of the Executive Committee for MFP involved in the decision making on current and future strategy
  • Represent MFP and the other FCA regulated entities on the Group Risk Committee for the LLP
  • Hold additional SMCR responsibilities for the FCA regulated entities, reporting to the Board for these responsibilities
Role & Responsibilities
  • Establish a comprehensive and effective risk and compliance framework with the emphasis on conduct and risk management, operational excellence and client centricity.
  • Map all the relevant risk, controls and compliance requirements against the company's new Target Operating Model.
  • Maintain a Risk Register as agreed at MFP Board level and which forms part of the wider Mazars group Risk Register
  • Creating and agreeing strategy for the risk management within the business
  • Responsible for the compliance and risk culture within the FCA regulated firms and the firms compliance with the SMCR regime
  • Provide leadership and help set the standards for quality across the business and ensure that these are monitored and maintained
  • Strategic oversight on all aspects of risk within the business including current and future project work
  • Production of Management Information relating to risk to enable Board level decisions on strategic and business as usual matters
  • Responsibility for establishing and delivering a comprehensive risk monitoring programme
  • Work with the wider accountancy business to ensure management of Ethics and Conflict of Interests in line with their internal and regulatory requirements
  • Effectively manage the compliance team staff by setting objectives, conducting regular one to ones and ensuring that the business continues to operate effectively.
  • Responsibility for growing the compliance team in line with the growth in business, developing individuals to ensure a comprehensive succession plan
  • Main firm contact with FCA, FOS and other regulatory bodies, with responsibility for ensuring that all regulatory reporting is completed as required
  • Work with all other business units including both the Investment Team and Operations Team to ensure that the risks within the business are minimised through an effective QC programme
  • Responsible for maintaining a comprehensive data security, GDPR and financial crime policy that complies with FCA requirements
  • Provide guidance to The Board and Executive on emerging risk
Skills, Knowledge and Experience
  • Previous experience as an FCA SMF 16 Compliance Officer & SMF 17 MLRO
  • Extensive knowledge of the FCA Handbook, rules and current guidance
  • Proven experience of risk management at this level with an FCA regulated firm
  • Board level experience
  • Previous experience of working with FCA, FOS and other regulatory bodies as a firm's main contact
  • Experience of working within a firm that hold DFM permissions
  • High level of leadership and management experience including transformation leadership
  • Self-motivation and commitment to the business - gets things done
  • Good written and verbal communication skills
  • Ability to take responsibility and ownership
  • Ability to work to tight deadlines
  • To be able to create and manage change projects proficiently.
Inclusion and Diversity

At Mazars inclusion and diversity are central to our values. We recognise that being an inclusive and diverse organisation makes us stronger as a business.

We seek to attract and recruit people who reflect the diverse nature of our clients and communities, regardless of sexual orientation, gender identity, ethnicity, nationality, faith or belief, social background, age and disability. Mazars selects candidates based on skills, knowledge, qualifications and experience.

Job Details

Cardiff, Milton Keynes, United Kingdom