EXPERIENCE

• Minimum 2 years of experience in a similar role within the financial services sector
• Knowledge of FCA Handbook and FIT requirements
• Ability to maintain and follow defined procedures, with confidence to make suggestions for improvement to internal procedures.
• Experience of working under pressure, working to tight deadlines, and exceeding these

QUALIFICATIONS

• Relevant financial services qualification i.e., AAT or ICEAW qualification, CeMAP or equivalent professional qualification (desirable) or part qualification.

THE ROLE

Complete ongoing Financial ‘fitness’ checks for the network, including Appointed Representative (AR) firms, individual controllers and advisors.
Analysis of the data provided to consider whether the AR firm or individual poses a risk to the network or consumers.
Ensure accurate records are maintained, concerns are escalated and take any corrective action where appropriate.

KEY TASKS

• Maintain records of new firms, controllers, advisers, and trainees on the network systems, cross reference with their database and schedule appropriate reviews
• Update records to remove firms, controllers, advisers, and trainees that have left the network to ensure reviews are no longer requested
• Assess and carry out desk based financial reviews within agreed authority levels to sign off the reviews with recommendations made - this will include documenting personal assets & liabilities and recommending a risk level - ensuring tasks are followed up until fully completed
• Identify and manage high risk controllers, advisers and trainees implementing regular reviews, updating systems and advisers’ record. Communicating to Regional Compliance Manager’s (RCM), AR principal regarding their adviser’s current situation
• Provide appropriate guidance to AR’s and their advisers where routine monitoring identifies areas for improvement. IE non-payment of any credit commitment
• Report any areas of risk identified to the line manager and RCM agreeing remedial action where appropriate
• Produce MI reports as directed
• Maintain records of all decisions concerning the financial reviews
• Report any breaches in line with the network Breaches policy, ensuring a record is held on file
• Improve other network staff members understanding of the financial FIT check requirements