Compliance Review Manager- Wealth
Macquarie Group
Sydney
4d ago

This is a great opportunity work as a Manager within Compliance and join a global leader in providing financial services and products.

Strong prudential management has been a key to our success. The Banking and Financial Services Compliance Review Program operates within Banking and Financial Services Non-Financial Risk, an independent, centralised unit responsible for assessing and monitoring risks across Banking and Financial Services.

You will join the team as a Compliance Review Manager / Senior Analyst with a strong wealth compliance background supporting and reporting into the Head of Wealth Monitoring.

To assist in ensuring that Licensees meet their obligations in relation to providing financial services to clients, the Banking and Financial Services Wealth Management Compliance Monitoring Program Team conducts several compliance monitoring activities.

The team’s role is to :

  • independently assess whether Representatives have complied with their obligations in relation to financial product advice obligations
  • inform Licensee stakeholders of their compliance levels and key compliance risks in relation to financial product advice obligations provided by Representatives
  • influence desired behaviours that will improve the quality of financial advice provided to clients.
  • The Compliance Monitoring Team adopts a risk based approach to performing independent monitoring activities to supplement the supervisory activities performed by the Licensees.

    Banking and Financial Services Compliance recognises that the consistent provision of quality financial advice by competent and professional Representatives is core to ensuring valuable and ongoing customer relationships.

    An effective Compliance Monitoring Team can play a valuable role in achieving this and therefore, should be mutually beneficial to the Representative, the Licensee and Macquarie

    You will be responsible for :

  • developing and executing an annual Compliance Monitoring Program over Licensee Representatives
  • conducting Compliance File Reviews in accordance with the Compliance Monitoring Program to independently assess whether Representatives have complied with their obligations in relation to financial product advice
  • assisting with the implementation of annual Compliance Knowledge Assessments in accordance with the Compliance Monitoring Program, which are required to be undertaken by Representatives
  • providing clear guidance on financial advice obligations to Representatives and stakeholders to improve understanding
  • identifying and documenting compliance findings and remedial actions clearly, concisely and effectively to Representatives and stakeholders
  • identifying and documenting incidents and breaches
  • identifying and escalating thematic and systemic compliance risks
  • assisting with compliance reporting for Licensee Boards and Committees
  • If you wish to work in an environment where you own the opportunity to excel and develop your career, please apply by following the link.

    Banking and Financial Services is Macquarie’s retail banking and financial services business, providing a diverse range of personal banking, wealth management, business banking and vehicle finance products and services to retail clients, advisers, brokers and business clients.

    Macquarie understands the importance of diversity and inclusion - our long history of success has come from being different.

    At Macquarie we value the innovation and creativity that diversity of thought brings. The one thing we all have in common is our focus on high performance.

    If you're capable, motivated and can deliver, we want you on our team.

    We recognise that flexibility comes in a variety of forms. Talk to us about what flexibility you need.

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