Assistant Compliance Officer London

LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey based clients. Our head office is based in London however we have a presence in Edinburgh, Jersey, Leeds, Birmingham and Bristol. The plan was simple: put our clients first by providing a transparent service, designed around what is right for each of them. By drawing together in-depth knowledge and experience from across the industry, we provide a flexible, bespoke service adapted to each of our clients’ needs.
Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector. We have over £29 billion in funds under management and circa 700 staff.

Business Unit:

The role of the Compliance Team is to establish, implement, maintain and monitor on behalf of the Firm’s Governing Board and Management Board, adequate policies and procedures sufficient to ensure the Firm’s compliance with its obligations under the regulatory systems in which it operates and to counter the risk the Firm may be used to further financial crime.  In addition, the team provides support to new business initiatives and advises on day to day issues which may arise.

Brief Role Objective:

Member of the Compliance team reporting to the Senior Compliance Officer (Regulatory Compliance).  The Regulatory Compliance team is responsible for, amongst other things, regulatory developments, ESG topics, cross border and fund compliance. This role will be acting as a an SME in regulatory developments, ensuring LGT is ahead of the curve with changes and developments within the regulatory landscape. This is an opportunity to shape the position and develop your skillset accordingly, working with senior stakeholders to influence policy, systems and controls related to the regulatory landscape.  

In addition to the above, the also involves some involvement in and assisting with monitoring and testing as part of the Firm’s Compliance Monitoring Plan.

Key Responsibilities:

• Undertake regular horizon scanning to identify new regulation and regulatory changes which will impact LGT WM and the wealth management sector. 
• Develop a strong understanding of the Firm’s propostion (locally and across entities) and use this knowledge to analyse and assist in applying regulatory change to the Business. 
• Assist in writing regulatory communications to stakeholders across the business, including to Senior Management. 
• To assist with the implementation of any regulatory developments which impact the Compliance department and wider business 
• Develop and maintain ongoing management information for the Management Board. 
• Undertake regular compliance monitoring to assist the Monitoring team with the CMP. 
• Undertake daily routine tasks, as appropriate.  
• Support projects ensuring compliance with regulatory and legislative requirements. 

Key Skills and Technical Requirements:

• Good understanding of Wealth Management/Private Banking business gained through a minimum of 2 years years of relevant experience. Candidates with more or less experience may be considered provided they are able to demonstrate the requisite skills and knowledge. 
• Demonstrable knowledge of the various investment offerings and products.  
• Good knowledge and practical experience of FCA rules particularly COBS is essential. 
• Experience in interpreting and understanding regulations and regulatory communications. 
• Excellent written and verbal communication skills 
• Industry or professional Compliance qualification desirable. 

Other Skills and Attributes:

• Strong organisational skills including the ability to prioritise and meet critical deadlines.  
• Excellent verbal and written communication skills.  
• A team player but also able to work independently. 
• Professional and keeps calm under pressure. 

IT: 

• Corlytics (regulatory tracking tool) 
• Proficiency in Microsoft Office.