Each element of the role of a Compliance Manager is set out with the competence framework. For Practice management, the elements identified cover the following:
The competencies comprise knowledge, skills and experience elements, and each is made up of a set of Learning Outcomes.
Managers can meet most of the competencies by these three options:
Individuals will need to make declarations regarding any prior conduct matters. Do consider whether these will have an impact on this role.
For many applicants, practice management can be demonstrated through the supporting documents they submit, namely, the Business Plan (including marketing), office manual, policies and procedures, and by applying theoretical knowledge gained practically to their new firm. It is important that all of these are drafted by the applicant to show their skills and knowledge as evidence.