Regulatory Compliance Advisor
Manchester, GB, M3 3HF
Purpose of the Job
Quintet Private Bank is a leading private bank in the wealth management sector; we are committed to our client and their families and pride ourselves on our personalised service based on a deep understanding of what clients want to achieve. Compared to others, we are small (<2,000 employees across 50 European and UK locations) with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth.
When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness. We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programmes.
The principal duty of the Regulatory Compliance Adviser within Brown Shipley (UK) Compliance team is supporting the UK Head of Compliance in ensuring that the team delivers high quality compliance advice to colleagues across all UK functions in the areas of: Regulatory culture, investor protection, market abuse, anti-bribery and corruption, sustainable finance and cross-border regulations.
The role holder hierarchically reports to UK Head of Compliance, and works closely with the Group Head of Regulatory Compliance and Cross Border thus working closely with other EU and UK RCC advisers to ensure the successful delivery of the Compliance function’ strategy.
The remit of the role covers the following areas, core to private banking, financial intermediaries markets and asset servicing: Deposit-taking and payment services, credit and lending, insurance, investment management, cross-border regulated activities, regulated advice and wealth planning.
Key Accountabilities
• Regulatory culture: The role holder must carry out all duties in strict accordance with Quintet’s Code of Conduct and act as its ambassador at all times. As any other member of the Compliance function the role holder will foster a positive culture of compliance across UK and Quintet.
• Quintet’s Regulatory Compliance policies and procedures: Drafting and reviewing Quintet’s RCC policies and procedures to ensure they remain aligned to the UK regulators’ expectations and best industry practice.
• Supporting the business: Supporting other functions in their policy/procedural making by providing them with the necessary regulatory expertise in those areas.
• Regulatory change: Identifying new relevant initiatives from the local regulator and other EU regulators, and carrying out regulatory and policy impact analyses.
• Interactions with regulators: Responsible for assisting the UK Head of Compliance in their interactions with UK regulators, and where appropriate assisting Quintet’s Compliance senior leadership team with their interactions with EU regulator, by informing key stakeholders, gathering the relevant information and assisting in the drafting of responses in a timely manner.
• Governance: Assisting UK Head of Compliance as well as the Group Head of Regulatory Compliance and Cross Border in the production of technical analyses and reports related to regulatory risk for escalation to the relevant supervisory and governance bodies.
• Training: Supporting UK Head of Compliance as well as the Group Head of Regulatory Compliance and Cross Border in developing and delivering training initiatives relative to regulatory compliance policies.
Knowledge and Experience
• Good working knowledge of the UK and EU regulatory environment in the RCC topics as listed above
• Ability to interpret rules and regulation and communicate the requirements clearly and effectively to a diverse range of stakeholders.
• Experience of drawing up and maintaining policies on regulatory requirements
• Proven relevant experience in an Assisting UK regulator or Tier 1 private bank, legal or professional services firm.
• Demonstrable business process knowledge.
• Excellent written, verbal, numeric and comprehension skills and IT proficient.
Attributes and Qualities
• Aligns to a team with a strong work ethic who, collectively and individually, understand the importance of meeting deadlines through a ‘can-do’ attitude.
• Ability to work cooperatively and positively within the team and across the business to engage stakeholders in a positive way with a focus on delivering outcomes.
• To work and conduct yourself with skill, professionalism, discretion and values befitting a member of the Compliance Department.
• Ability to engage people effectively in order to recognise and achieve agreed outcomes.
• Excellent record keeping
• Effective diary and work management
Technical Skills
The Role holder will be regarded as a subject matter expert in regulatory compliance topics applied to wealth management and private banking including: Conduct of Business, Investor Protection, Market Abuse, Sustainability
Languages Skills
Proficient in English
Why join us:
- Opportunity for Growth: We invest in our employees' development, offering opportunities for career advancement and continuous learning.
- Collaborative & Caring Culture: Join a supportive team of trusted professionals who are passionate about helping clients succeed.
- Competitive Compensation: Enjoy a competitive salary, performance-based incentives, and comprehensive benefits package.
- Impactful Work: Make a difference in the lives of our clients by helping them achieve their financial goals.
If you're ready to embark on an exciting journey with a company that values integrity, innovation, and excellence, we want to hear from you!