Training & Competence Manager (SMCR)

Training & Competence Manager

Wealth Management

£75,000 - £85,000 + bonus

Permanent

City of London

I have partnered with a Global Wealth Management firm in their search for a newly created Training & Competence Manager role to sit within their HR department. This role will have a direct report & will be pivotal in the firm maintaining effective training and competence arrangements across the firm & ensuring the SMCR arrangements are complying with requirements.

Responsibilities:

• Maintain practical and effective T&C policy and procedures.
• Maintain practical and effective SMCR policy and procedures.
• Communicate policy and procedures to the business, delivering training and support to ensure good understanding.
• Provide senior management with relevant and timely information on the effectiveness of and compliance with UK policies and procedures .
• Lead the management of fitness and propriety assessment and certification processes for staff newly appointed to certification functions
• Lead the management of the annual fitness & propriety assessment and certification processes.
• Support the Head of HR to and oversee effective arrangements for complying with the Senior Managers Regime including drafting and updating relevant documentation.
• Monitor completion of SM&CR activities and report progress to senior management
• Oversee the keeping of accurate and comprehensive centralised records.
• Maintain and develop processes for the measurement of competence within Investment Management and Financial Planning divisions
• Maintain and develop processes to ensure relevant employees hold Statements of Professional Standing.
• Ensure training & development needs are appropriately identified.
• Support the business to identify and deliver relevant continuing professional development.
• Support the business to identify relevant professional qualifications and coordinate study support and exam booking.
• Implement practical and effective training solutions, measuring and reporting on the return on investment.
• Manage the provision of appropriate continuing professional development activities via the CPD programme, ensuring that it is accessible to and meets the needs of all team members.
• Notify the compliance function of changes which require a Directory Persons report to be made to the FCA.
• Draft FCA returns relating to training, competence and conduct within the timescales prescribed.

Skills:

• Excellent knowledge of training and competence and SMCR
• Experience of using HR information Systems
• Proficient in Word, Excel and Power point.

• Good understanding of HR policies & procedures

• Understanding of the importance and impact of the regulatory framework within which wealth management sits
• Excellent understanding of the Senior Manager & Certification Regime and Training & Competence requirements in financial services

• Good understanding of relevant employment law & practical application of this in a work context