Wealth Management Compliance Job Description

Wealth Management Compliance Job Description

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Wealth management compliance provides office support to include creating and maintaining information using Excel, PowerPoint, Word, etc.;.

Wealth Management Compliance Duties & Responsibilities

To write an effective wealth management compliance job description, begin by listing detailed duties, responsibilities and expectations. We have included wealth management compliance job description templates that you can modify and use.

Sample responsibilities for this position include:

Seeking and implementing automated solutions (for manual processes and anticipated future requirements), which will involve providing direction and requirements to Technology acting in partnership with Technology
Work to enhance the visibility of the Testing team and establish key business relationships
Managing special compliance projects as may be assigned from time to time
Monitoring for, identifying, assessing and providing thoughtful recommendations to resolve actual and potential compliance risk, including risk of reputational damage, regulatory sanction and discipline, client complaints and litigation, and developing, enhancing and streamlining the disciplines and processes through which those oversight activities take place
Performs routine compliance tasks and deals with routine compliance issues, typically concerning documentation, reporting
May assist in monitoring regulatory issues
Monitor the Firm's banking, private banking and securities-related compliance issues
Advise the Firm on banking-related issues
Build regulatory relationships with regulators, especially the Monetary Authority of Singapore and Hong Kong Monetary Authority
In conjuction with the appropriate operating areas, determine if clients or payments are actual matches to various control lists and ensure appropriate action is taken

Wealth Management Compliance Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Wealth Management Compliance

List any licenses or certifications required by the position: CRS, CFIRS, CRCM, ACAM, ACAMS, MBA, JD, LOB, CEO, IBF

Education for Wealth Management Compliance

Typically a job would require a certain level of education.

Employers hiring for the wealth management compliance job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Law, Finance, Business, Accounting, Education, Legal, Business/Administration, Economics, Management, Financial Services

Skills for Wealth Management Compliance

Desired skills for wealth management compliance include:

Access
Word
PowerPoint
Excel and PowerPoint
Microsoft Word
Alternative investments and other complex financial products
Consumer banking related requirements
Financial Services Industry
International regulatory regimes an advantage
Investment adviser

Desired experience for wealth management compliance includes:

Deeper knowledge of specific fixed income products, including derivatives
Valued, the markets in which they are traded, typical trading and investor strategies
Strong working knowledge of the applicable regulatory principles and rules, such as market abuse, best execution and
One's agenda and work under pressure
Partnerships with other departments
Good communication skills especially the ability to articulate complex issues to a range of audiences, including business management, other Compliance, Legal and control colleagues, Audit and regulatory authorities

Wealth Management Compliance Examples

1

Wealth Management Compliance Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of wealth management compliance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for wealth management compliance
  • Develop new surveillance reports and systems with IT and PWM Management
  • As part of the investigation process, identify compliance risk and control gaps and communicate findings to management
  • Leading and developing a team of compliance professionals
  • Ensuring successful delivery of compliance plans and the accurate, timely and expert level advice to your team and stakeholders
  • Drafting, reviewing, updating and implementing policies, procedures and standards as required
  • Managing and delivering on compliance projects and investigations as required
  • Working with other internal compliance teams to ensure effective compliance monitoring, surveillance and assurance and the identification, reporting and resolution of compliance incidents and breaches
  • Evaluating existing surveillance models and scenarios
  • Identify and document needs from the various WM Compliance teams, including Surveillance (Field, Capital Markets, Investment Advisory), Inspections (Branch Exams, Operations Testing, non-branch OSJs, Targeted Assessments), Field Compliance (Registration, Regional Compliance Officers)
  • Design risk-based solutions based on a consultative process involving the WM Compliance users, IT, Global Compliance partners and other stakeholders
Qualifications for wealth management compliance
  • Strong analytical, problem-solving and presentation skills, including the ability to distill complex issues and information into concise and meaningful messages
  • Superior knowledge of standard office environment technology applications
  • Good understanding of the regulatory framework for the private client business, and products
  • Experience in surveillance, operational flow of products and system knowledge is an advantage
  • Energetic, attentive to detail and capable of multi-tasking in a fast-paced environment
  • Candidates must have excellent interpersonal skills and the ability to work effectively in a team-oriented setting, prioritize projects to meet tight deadlines
2

Wealth Management Compliance Job Description

Job Description Example
Our company is growing rapidly and is hiring for a wealth management compliance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for wealth management compliance
  • Review and analyze compliance reports
  • Maintaining various Excel spreadsheets for the department
  • Providing advice and support to the PWM front office teams on Compliance polices and EMEA and US regulations
  • Conducting trading and suitability surveillance using automated surveillance systems and forensic investigations
  • Review and approval of “non-traditional” PWM client relationships
  • Ownership and development of the annual Compliance Training Plan
  • Review and investigation of client complaints
  • Review and approval of financial promotional material
  • Analysis of cross border impact of regulations to understand viability of offering PWM’s investment services into multiple jurisdictions across the EMEA region
  • Maintaining and documenting Compliance policies and procedures (primarily Compliance Notices and the Compliance Manuals)
Qualifications for wealth management compliance
  • Ability to read and write Chinese is preferable
  • Relevant Wealth management experience
  • Excellent verbal and written English communication skills essential, fluency in Asian languages Mandarin, Cantonese and/or Bahasa advantageous
  • University degree holder in related disciplines including finance, business
  • Strong knowledge in local rules and regulations and awareness of regulations in Singapore, China, Taiwan and Korea will be a plus
  • Strong personal effectiveness skills, which include motivation, the ability to influence and negotiate, adapt to varying conditions and seize personal development opportunities
3

Wealth Management Compliance Job Description

Job Description Example
Our company is searching for experienced candidates for the position of wealth management compliance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for wealth management compliance
  • Reviewing and providing Compliance approval for marketing materials for the PWM business
  • Providing Compliance support on sales related complaints
  • Leading or assisting in any ad hoc projects as necessary
  • Providing support and guidance to the senior management Wealth Management UK
  • Developing and maintaining a robust compliance framework in conjunction with the Compliance Management team regionally in the UK and globally within Wealth Management
  • Oversee and manage Wealth Management UK Compliance team
  • Oversee the Wealth Management UK senior management business relationships providing support, advice and guidance to the UK Wealth Management head and team
  • Oversee development of compliance training (including Compliance induction training) to this business as requested / required
  • Act as a recognized point of escalation for all Wealth Management UK Compliance issues
  • Review and assess cross border issues on both a product and customer level and liaise with local legal/compliance departments as necessary
Qualifications for wealth management compliance
  • 7-12 years+ of risk management/compliance or related experience
  • 3-5 years experience in data analysis, statistical and predictive modeling
  • Proven experience in developing visualizations to aid understanding of structured and unstructured data (e.g., Tableau, Qlikview or Business Object)
  • Proven experience assembling, scrubbing and manipulating large data sets
  • Basic knowledge of the regulatory environment including Corporations Act, exchange rules and the Australian regulatory framework
  • An understanding of ASIC retail client requirements
4

Wealth Management Compliance Job Description

Job Description Example
Our growing company is looking for a wealth management compliance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for wealth management compliance
  • Identifying, documenting and implementing system needs and/or system changes required to meet requirements of the Patriot Act and related money-laundering regulations
  • Developing, delivering and monitoring general AML and position specific training
  • Monitoring of compliance activities related to the Patriot Act and anti-money laundering regulations
  • Preparing, approving and monitoring timeliness of various government reports and filings
  • Managing the AML staff
  • Review Complaints generated from line of business to provide guidance on remediation, escalation and to determine if there is any regulatory impact
  • Provide effective challenge and guidance on compliance risks and support line of business through various interactions and forum engagements
  • Assist line of business in the development and maintenance of the Compliance Program, such as how to monitor, report, and train
  • Participate in reporting activities, including reports used by Senior Leadership
  • Partnering with the Global Product Solutions (GPS) business within WM to provide advice and guidance concerning rules, regulations and internal policies / procedures as they apply to products in development and approved products being distributed
Qualifications for wealth management compliance
  • Demonstrates ambition and energy towards the day to day responsibilities
  • Ability to work effectively both as a part of a team and autonomously
  • Strong skills in data analysis and presentation of information
  • Ability to execute multiple projects at the same time
  • Full understanding of all significant regulatory compliance requirements applicable to RBWM businesses (Bank Act, Securities Commissions regulations SROs rules)
  • Pursuing a Bachelor’s degree in business or law
5

Wealth Management Compliance Job Description

Job Description Example
Our company is hiring for a wealth management compliance. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for wealth management compliance
  • Maintaining a thorough and up to date understanding of investment adviser and mutual funds investment management regulatory requirements, including front office, operations and fund accounting
  • Acting as the GPS Business Line Advisory
  • Representing Compliance to the business and providing advice in regards to regulations and compliance related matters across all WM product lines
  • Providing impact analysis and assisting with practical solutions as a result of requirements arising from the implementation of FCA Regulations, European Union Directives and other regulatory developments, in respect of new and existing products
  • Advising on regulatory changes to ensure WM policies and procedures can be updated on a timely basis
  • Providing training to the WM businesses on compliance, regulatory and reputational risks as related to products, trading, client services and other subjects
  • Providing 1-2-1 Compliance training to individuals newly FCA registered in order to advise retail clients
  • Preparing Marketing Materials and Transactions
  • Reviewing and approving marketing material/financial promotions/client communications
  • Liaising closely with Business Lines Advisory and Berlin Compliance to ensure financial promotions relating to products meet global regulatory requirements
Qualifications for wealth management compliance
  • At least 10 years' experience in AML/Compliance/Client on boarding in wealth management - ideally
  • 3+ years’ compliance or other relevant financial services experience
  • Good product knowledge and trading strategies used by PWM, structured products, alternative investments, derivatives
  • At least 8-10 years of relevant experience in a Legal, Compliance/Regulatory role in a private banking or asset management capacity
  • Good working knowledge of Singapore regulations
  • A team player who is able to interact with other control functions to deliver on goals and objectives

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