Work life: There's more to being a compliance officer than you think

WORK LIFE

clock

Jerry Ware talks us through his role as compliance officer at Norwich-based IFA firm Almary Green

The common misconception of compliance is as a ‘business prevention department' but nothing could be further from the truth – if it is done properly. Perhaps a more appropriate name would be the ‘business preservation department'. I do not see myself as someone who is putting up barriers in front of the team, rather I am just making sure that we are going down the right route and that we do not fall foul of the many pitfalls that surround us. Managing risk My day-to-day responsibility is managing the risk within the business, whatever the source of that risk may be. As a regulated b...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers must mediate between generations in wealth transfer planning

Advisers must mediate between generations in wealth transfer planning

Advisers need to work on deeper relationships with clients’ children

Hope Coumbe
clock 21 May 2024 • 1 min read
Financial services industry must do more to offer targeted support

Financial services industry must do more to offer targeted support

Targeted support seen as a crucial part of the advice journey

Sahar Nazir
clock 21 May 2024 • 2 min read
Advisers who ignore financial wellbeing 'not doing their job'

Advisers who ignore financial wellbeing 'not doing their job'

‘Clients coming in do not understand they have a relationship with money’

Hope Coumbe
clock 21 May 2024 • 2 min read