Head of Business Oversight

at  Pictet

YOUR TEAM

The Pictet Group is one of the world’s leading independent wealth and asset managers. Founded in 1805 and headquartered in Geneva, Switzerland, the Group is represented at 30 offices in financial centres worldwide, and employs over 5,100 people.
Pictet Wealth Management (PWM) combines more than 200 years of Swiss banking heritage with global investment expertise. The Partner-owned financial services group offers a comprehensive service for wealthy individuals and families, including discretionary and advisory investment solutions and family office services.
UK PWM provides investment services such as execution-only, advisory, and discretionary management services to clients in domestic and international markets including UK, Eastern Europe and Middle East.
A position is open for a new Head of Business Oversight for UK PWM. The Head of Business Oversight is a key role in the Management Team reporting directly to the COO of UK PWM.
The Business Oversight Team supports the COO in the execution of a broad range of activities, including risk management, operations, outsourcing, project management, sales and pipeline management, financial and regulatory reporting etc.
The Business Oversight Team forms part of the wider UK PWM Management Team, led by the COO and CEO.

• Responsibility for execution and ongoing development of the Oversight Framework, which entails general supervision of all UK PWM activities in line with regulation and firm policy. Topics include product governance, investment controlling, cyber security, incident/error management, Consumer Duty, CASS, MIFID II.
• Preparation and presentation of reporting to Management on outcomes of the Oversight Framework, including controls, periodic reviews, RCSAs, and proposition of remediation plans if required.
• Member of the Business Acceptance Committee responsible for the approval and review of business such as new clients, products and services.
• Sales Management activities including pipeline analysis, client book analysis, and reporting to the CEO. Assists in the completion of Annual Account Reviews with the Front Office.
• Execution of the CASS (client asset protection regulation) and FSCS (UK deposit protection scheme) programmes, including oversight/execution of controls, risk assessments, breach/near miss management, and facilitation of the annual external audit.
• Involvement in a broad range of projects and initiatives as directed by the COO, for example implementation of regulatory change, new products and/or services, operational efficiency improvements.
• Supports the COO in response to regulatory enquiries and reporting.
• Participation in the completion of recommendations made by External and Internal Audit.
• Responsibility for the oversight of outsourced activities through KPI/KRI and continuous assessments.
• Liaison with PWM Compliance, Risk, Legal, Finance, IT, OPS and other group functions in relation to business and risk matters.
• Ensures PWM staff remain updated and knowledgeable regarding regulatory requirements, internal policies and procedures.
• Point of contact for Front Office enquiries; facilitates generation of business whilst ensuring full compliance.