We regularly receive requests from our clients for assistance in sourcing an appropriate Responsible Manager to support and ensure a successful Australian Financial Services Licence (“AFSL“) application. The role of Responsible Manager is a good fit for professionals who are looking for work which may not require a full-time load, but allows them to keep in touch with the industry whilst pursuing other business interests or hobbies.
We are looking for people who have worked in Australia for:
- Fund Managers;
- Financial Planners;
- Retail Bankers;
- Investment firms;
- Brokers; and
- Margin Forex / CFD Brokers.
Payment is typically a monthly fee which varies depending on the type of AFSL (i.e. the extent of the authorisations required and the current demand for your experience) and is negotiated between yourself and the client we put you in touch with. Fees generally range between $3,000 and $10,000 per month. We do not take a commission or require any fee from you for this referral.
To be an appropriate candidate, you must:
- have been working for a company in a middle to senior role that holds an AFSL for the past 3 years out of the last 5 years as a minimum;
- have relevant educational requirements i.e. Bachelor’s degree in Commerce, Business, Economics etc. or a short industry course specifically relevant to the financial services industry or products or Diploma (or higher) that is relevant to the financial services industry or products;
- be RG146 compliant, for all authorisations (retail only);
- have a clean criminal record (driving infringements excluded) and no previous bankruptcies;
- be a fit and proper person to provide financial services;
- have two business references who can attest to your experience in a relevant role; and
- demonstrate that you are not associated with more than one other AFSL.
How to Apply
Please send a copy of your CV to ca*****@so*********.au.
Your CV should include:
- your full name, contact email and phone number;
- the details of the current AFSL you are working for and your day-to-day responsibilities;
- employment history, including any relevant AFSL details and a description of the activities undertaken in each role;
- a full list of relevant qualifications;
- details of any other AFSLs or ACLs on which you are current Responsible Manager (if any).
Once received we will be in touch with you to discuss further. If you have any questions regarding Responsible Managers please contact us.
- You can read more about the role of Responsible Manager in ASIC’s Regulatory Guide 105