Head of Wealth Management Compliance

Job Description:

Core-Asset Consulting is partnering with a large, UK-based wealth management firm to recruit a senior compliance leader to take on the role of Head of Wealth Management Compliance (SMF16).

This is a high-profile senior management position with responsibility for overseeing regulatory compliance across a sizeable financial advice business operating under the FCA framework.

Reporting to the Group Chief Risk Officer, the role sits within the second line of defence and plays a key role in governance, regulatory engagement and strategic decision-making.

The successful candidate will work closely with senior stakeholders across the business, providing oversight, challenge and expert compliance advice, while leading a small specialist advisory team.

The role offers a hybrid working arrangement, with regular presence required at the firm's UK head office.

• Significant senior-level compliance experience within wealth management or financial advice.


• Strong working knowledge of FCA regulation, including advisory, insurance distribution and mortgage-related requirements.


• Proven experience operating within a Senior Managers & Certification Regime (SM&CR) environment.


• Demonstrable experience engaging with regulators and senior governance committees.


• Strong ability to provide effective oversight, challenge and advisory support to the first line of defence.


• Experience working within a second line of defence compliance function.


• Confident communicator with the ability to influence senior stakeholders.


• Leadership experience, including management of specialist compliance professionals.

• Act as SMF16 - Compliance Oversight, with additional responsibility for Insurance Distribution and Mortgage Credit Directive intermediation.


• Provide regulatory oversight to ensure all wealth management activities comply with FCA rules and guidance.


• Engage directly with the FCA on matters relating to the wealth management business.


• Advise the first line of defence on compliance matters, including policies, procedures and regulatory change.


• Review and oversee compliance-related policies, procedures, activities and complaints handled by the first line.


• Report to senior governance forums, including executive committees and board-level meetings.


• Oversee the execution and quality of the Compliance Monitoring Plan, working closely with monitoring teams.


• Assess regulatory change through horizon scanning and support effective implementation across the business.


• Provide compliance oversight and advice on business and change initiatives.


• Collaborate with Financial Crime, Risk and Investment Risk & Performance teams within the second line.


• Approve relevant system developments from a compliance perspective.


• Manage and develop a small team of advisory compliance specialists.


• Liaise with third-line assurance functions as required.

• A highly competitive salary


• Wider Benefits package

Core-Asset Consulting is an equal opportunities recruiter and we welcome applications from everyone irrespective of age, disability, gender, gender identity or expression, race, colour, ethnic or national origin, sexual orientation, religion or belief, marital/civil partner status or pregnancy.

Job reference: (16337)

To apply for this vacancy applicants must be eligible to work in the UK in accordance with the Immigration, Asylum and Nationality Act 2006.

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Core-Asset Consulting offers specialist recruitment services to asset management, accounting & finance, asset servicing, legal and the wider financial services sector in Scotland.

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