Head of Compliance IFA

Guide to main activities:

Working with the Managing Director SMF16 to perform the Head of Compliance role for Obsidian Financial and subsidiary companies. Management of Compliance oversight including responsibility for delivering the companies Consumer Duty plan.

Oversee the operational effectiveness of the company s systems and controls that are designed to achieve compliance with FCA requirements, working to ensure to ensure all controls are in place to meet regulatory requirements.

Working with the SMF17, to oversee the company s anti-money laundering activities, policies, and procedures. Responsible for day-to-day AML investigation and reporting

Provide support, guidance and advice to the Board, Managers, Advisers, and staff to support and facilitate a strong compliance framework and culture.

Review and have signed off, in line with compliance procedures, all written material for external use such as newsletters, advertising and marketing brochures.

Lead, manage, motivate, and develop the Advisers and Staff, by coaching and training to ensure performance standards are maintained. Lead and operate the companies T&C Scheme and take part as supervisor to section of the advisers (we have two additional supervisors). Ensuring the scheme meets the companies and FCA requirements and applying Consumer Duty standards as required. Annual Fit and proper checks and ensure adviser maintain SPS.

Support the Office Manager within the business, providing guidance and input on regulatory requirements, interpret issues raised and apply rules and principles to any given incident or compliance matter.

Log receipt and review FCA notices and good practice guidance to determine applicability and advise procedural amendments required while ensuring they are implemented. Liaise with the FCA where required.

Completion of companies RMAR twice yearly and other submissions required by the FCA.

Have a good working knowledge of the FCA connect system with responsibility for completion and submission of all applications and reports required.

Responsible for dealing with clients complaints and ensure that appropriate action is taken depending on whether they are indicative of procedural weakness or failure of internal controls.

Liaise with PI insurer where required.

Oversee and deliver the internal file checking procedures.

• Communication The ability to effectively communicate at all levels, both written and verbally, with all internal/external customers.



• Attention to Detail Being attentive to detail in the planning and execution of tasks, complying with policies and procedures and stay alert to spot errors and inconsistencies.



• Problem solving solves problems, developing solutions, analytical thinking, and judgement



• People management manage others in an effective and motivating way, balancing task focus and being sufficiently people orientated to be aware of issues and sensitivities.



• Planning and Organising Ability to see priorities, plan the efficient use of resources and monitor progress against objectives. Respond effectively to unforeseen events.



• Delegating The ability to effectively delegate tasks to the most suitable individuals, appreciating capabilities of others.


• Preferably qualified to Diploma level.


• Experience within the Financial Services Industry.


• Well organised with the ability to manage own workload.


• Report writing skills.


• Excellent IT skills.


• Knowledge of all financial products.



• Must have several year s experience in a previous Senior Risk / Compliance role.