Compliance Manager

We are looking for an experienced, organised, and knowledgeable FLOD Compliance Manager to join the Financial Planning Leadership Team to build and deliver oversight of our Financial Advisers within Saltus Financial Planning (“SFP”). The role will report to the Managing Director of SFP, but it is expected that the individual will work very closely with the Regional Directors, FP Training Manager and Director of Wealth Operations to be a key contributor to this important distribution channel of Saltus Partners LLP.  As part of the team, you will have the opportunity to work in a fast-paced, collaborative environment where you will be able to utilise your skills and expertise to help deliver amazing outcomes for our clients, by placing first line risk, compliance and adviser oversight at the heart of the clients journey with us, whether through Select or Premier. 

Why Saltus?  

Our mission is to improve everyone’s relationship with their wealth: to make it a positive force for their future and at the same time to prevent it being a source of anxiety. We want everyone who works at Saltus to be proud to work here, and to find fulfilment and meaning in the work that they do.  

We are a successful LLP, with a number of offices in the South of England including London, Whiteley, and Farnham, and in the West Country in Bath and Bristol. We are incredibly proud of our culture and work really hard to ensure that Saltus is a great place to work for our people, where they can have fun and grow in their career, with a passion for excellence and customer service.  

Saltus is an independently owned financial planning and discretionary investment management house. We are dedicated to providing a high-quality service for private clients, trusts, and smaller institutions. 

Saltus Partners was founded in 2004 and has grown organically and through a small number of carefully integrated acquisitions. Originally the business started out as an investment manager and has now developed the financial planning side of the offering, putting this at the forefront of the client relationship.  

Today Saltus manages and advises on over £5 billion of client assets, acquired through a combination of organic business growth and corporate acquisitions.  

Can you tell me more about the role?  

Saltus Financial Planning is at around 140 in number with around 63 active financial planners across the South and South West. Whilst you will be working closely day-to-day with the retail leadership team, you will have a dotted line to the central Risk and Compliance function where you will maintain a clear line of communication sharing best practice and helping to deliver remedial action from thematic reviews, and reporting to the Chief Compliance Officer when requested. 

In your role with SFP you will have responsibility for a wide range of duties which will include the following:  

• Scoping, building, and delivering a robust first line function and strategy at Saltus Financial Planning.  

• Supporting the structured handover of first line tasks currently with the Central Compliance function. 

• Supporting the Financial Planning Leadership Team with key decisions on distribution strategies, so that the financial advice that is provided is the best in class.  

• You will advise the FP Leadership Team on changes to the Advice framework, provide consultation to the Leadership Team with horizon scanning and consumer duty compliance, with forward thinking compliance leadership.  

• Providing oversight of training and competency (“T&C”) for our existing and new advisers, including tracking their progress to Competent Adviser Status (“CAS”). 

• Gathering annual evidence of competency for advisers, as part of annual renewal of Certificates under The Senior Managers and Certification Regime (“SM&CR”) and help drive higher standards and efficiency in the way that this process is undertaken.  

• Oversight of adviser CPD and SPS logs and gathering quarterly Chartered information for the annual submission to the PFS.  

• Production, maintenance, and future development of the Adviser Bonus Overlay. 

• Production, maintenance and future development of the paraplanning Bonus Overlay.  

• Closely supporting the production and development of our suitability reports. 

• Processing and analysing MI on various data points that include our approach to supporting vulnerable clients and our completion and evidencing of annual reviews. 

• Reporting any breaches or conflicts of interest to the Chief Compliance Officer. 

• Ensuring independent and fair assessment of behaviour which may constitute a conduct breach. 

• Investigating any errors within the team where there is the potential for client harm, and writing to clients to ensure they are not affected financially. 

• Close monitoring and support to the pods with regards to the capturing of anti-money laundering identification and verification as well as dealing with politically exposed people.  

• Maintaining the Advice Guide in respect of Compliance requirements and legislation change, so as to give guidance to the Advisers, Paraplanners and Client Services.  

• Working with the FP Training Manager to make sure that training is presented and logged in the correct way and is accessible. 

• Assistance in the production of Consumer Duty MI for the Consumer Duty Champion. 

• Acting as a source of truth for advice or process related questions from the regional pod network, updating and owning the Advice Guide – a knowledge base for queries and guidance, that are first line only (not central compliance or risk).  

What skills and experience do I need to have?  

We think that the best candidate for this role will have:  

• It is essential that you will have had previous experience of working within a first line environment, preferably having established the team or been part of a growing team within compliance or training and competency that sat within the distribution centres of a financial services company.  

• Degree educated and you must have an excellent understanding of financial planning/investment management and the needs and demands of clients that receive financial planning services.  

• A sound working knowledge of the FCA Handbook, particularly on Financial Crime Prevention and Training and Competency. 

• You must thrive on working independently and have a good bedside manner with the advisor teams making sure that they understand that you are there to support them in their jobs and to help provide the best service for their clients and reduce risk at Saltus LLP. 

• Excellent interpersonal, verbal, and written communication skills with strong attention to detail. Outstanding communication skills, able to communicate with departments across the business, at all levels.  

• The ability to take ownership and responsibility for tasks and projects, working autonomously and collaborating as needed with key stakeholders.  

• Proficient computer skills, Microsoft Office Suite (Word, PowerPoint, Outlook, SharePoint, and Excel).  

• A willingness and flexibility to travel to office sites as required. If you are able to drive and have your own transport, that would be highly advantageous.  

• Qualifications in Financial Services, either as an adviser or in Compliance, Risk, or Supervision. 

Where will I be working?  

We are incredibly flexible about where, when, and how you work: we do not want anyone to be prevented from coming to work for Saltus as a result of the working pattern that they are looking for. Ideally, you would be based out of one of our offices for two to three days each week, working the remainder of the week from home. For this role we shall be recruiting an individual to be based in either London or Solent.  

We are passionate about championing flexible working for our people, so if there is a slightly different working pattern that you are looking for, then please come and have a chat with us about it. 

What benefits do I get when working for Saltus? 

Salary range £60,000 – £75,000 dependent on experience, alongside 28 days’ holiday (plus bank holidays and your birthday), study assistance, life assurance, income protection and a pension, alongside access to our flexible benefits platform. 

Individuals looking for part time or flexible hour working are also welcome to apply, with salary and benefits offered on a pro-rate basis. 

Just as importantly, you will get to experience our culture, which we really do live and breathe, ensuring that Saltus is a fantastic place to work for every single one of our 250 people. We work hard, but we have an awful lot of fun along the way. If you think you would like to come and join us, then please do get in touch… we would love to hear from you.