Paraplanner & Compliance Specialist
Location: Aberdeen
Eden Scott is delighted to be supporting our client, a respected financial planning firm, in the appointment of a Paraplanner & Compliance Specialist.
This is a unique opportunity to join a close-knit and professional team in a varied role that combines technical paraplanning responsibilities with support for the firm's compliance and regulatory activities.
Working closely with Financial Planners and key stakeholders across the business, you will play an important role in helping to deliver positive client outcomes while ensuring robust regulatory standards are maintained.
Key Responsibilities
Paraplanning
- Prepare suitability reports and supporting documentation for Financial Planners.
- Conduct research and analysis across pensions, investments and protection solutions.
- Produce illustrations and recommendation packs for new business and ongoing advice.
- Prepare annual review packs, valuations and client meeting documentation.
- Attend client meetings where required.
- Liaise with clients and product providers regarding queries and information requests.
- Process and track new business applications through to completion.
- Maintain accurate client records across CRM and back-office systems.
- Ensure all client documentation meets regulatory and compliance requirements.
Compliance Support
- Support the ongoing administration of the firm's compliance framework.
- Monitor regulatory and industry developments relevant to the business.
- Maintain compliance registers, documentation and records in line with FCA requirements.
- Assist with regulatory reporting, audits and compliance reviews.
- Conduct file reviews and suitability checks, providing feedback to advisers where appropriate.
- Support the maintenance and enhancement of internal policies and procedures.
- Maintain Training & Competence records and monitor completion of regulatory training.
- Prepare compliance reports and management information for senior stakeholders.
- Liaise with external compliance consultants and support governance activities.
- Assist with AML, KYC and Consumer Duty requirements.
About You
To be successful in this role, you'll have previous experience within a financial planning, wealth management or financial services environment and possess strong technical and organisational skills.
Essential Requirements
- Experience within a Paraplanning, Financial Planning Support or Compliance position.
- Good understanding of FCA regulations and the UK financial planning landscape.
- Experience preparing suitability reports and conducting technical research.
- Knowledge of pensions, investments and protection products.
- Strong attention to detail and accuracy.
- Excellent written and verbal communication skills.
- Experience using CRM and financial services back-office systems.
- Proficiency in Microsoft Office applications.
Desirable
- Diploma in Regulated Financial Planning or working towards qualification.
- Previous exposure to compliance monitoring or file checking activities.
- Knowledge of Consumer Duty, SM&CR and AML requirements.
- Experience within an IFA or wealth management environment.
What's on Offer?
- A varied and interesting role combining technical paraplanning and compliance responsibilities.
- A supportive and collaborative working environment.
- Exposure to both client-facing and regulatory aspects of financial planning.
- Ongoing professional development opportunities.
- The chance to join a growing and well-regarded financial planning business.
If you're an experienced Paraplanner or Senior IFA Admin looking to broaden your expertise or a financial services professional with both technical and compliance experience, we'd be keen to hear from you.