Our client seeks a Head of Risk & Compliance to join their team.
You will be responsible for compliance issues relating to the relevant businesses in Isle of Man. You'll act as Compliance Officer, Money Laundering Reporting Officer (MLRO) and Money Laundering Compliance Officer for the operational entities based in Isle of Man.
Key Responsibilities
* Be a trusted adviser to the business on matters of AML and regulatory compliance importance, helping to steer the quality of KYC/CDD programmes through to successful conclusion.
* Represent the best interests of the business on industry forums, trade body working groups and government consultations.
* Play an active role in the development, implementation and testing of local and business unit compliance and AML policies and procedures.
* Liaise closely with other team members within your Division, and the broader Group, and seek to ensure that Compliance and AML processes are aligned.
* Ensure compliance returns are filed with the relevant regulators within permitted timeframes.
* Oversee a risk-based Business risk assessment linked compliance monitoring programme.
* Provide guidance and advice to the business on the Isle of Man Financial Services Commission's requirements.
* Monitor any outsourced activities of the businesses in other jurisdictions, including client screening.
* Working together with the Group Head of Risk Management and management to produce and report on the combined and business risk assessments.
* Monitoring the control environment & culture to ensure that controls are effective and efficient.
* Review, maintain and implement the following Compliance documents per entity:
* Regulatory Compliance Manual.
* Compliance Plan and Calendar.
* Monitoring checklists / templates.
* Gap analysis of all applicable laws and regulations.
* Compliance Registers.
Key Skills & Experience
* Have at least five years' experience in a Fiduciary business-based Compliance role, ideally as a Compliance officer or MLRO.
* Fiduciary compliance experience is preferable.
* Have a degree level qualification, ideally in a Business, Legal, Compliance or Risk Management discipline.
* Have a proven track record in report writing and be competent in Microsoft Excel, Word, PowerPoint and Outlook.
* Be numerate, articulate and have an excellent attention to detail.
* Be able to communicate effectively with staff, senior management and regulators.
* Have a genuine interest in financial services laws and regulations and be able to inspire confidence in others. Believe in and promote a positive compliance culture.
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