Our client is seeking an experienced Head of Risk & Compliance to oversee compliance and risk-related matters for its Isle of Man operations. This role will require the individual to act as Compliance Officer, Money Laundering Reporting Officer, and Money Laundering Compliance Officer for the operational entities based in the Isle of Man. The successful candidate will be responsible for managing regulatory compliance, AML processes, and providing guidance to senior management while liaising closely with internal teams and regulators.
Job Duties:
- Oversee the regulatory requirements for licensed entities in the Isle of Man, including conduct of business, fees and licensing, breach reporting, regulatory returns, and Key Staff authorisation
- Act as a trusted adviser on AML and regulatory compliance, ensuring KYC/CDD programmes are successfully concluded
- Represent 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
- Participate in risk and compliance committees, ensuring the Isle of Man entities are properly represented
- Ensure compliance returns are filed with relevant regulators within permitted timeframes and report to the Boards of the Isle of Man regulated entities
- Act as the MLRO, investigating and reporting suspicious activity in accordance with legal and regulatory requirements
- Maintain accurate AML and client due diligence information and monitor escalation as appropriate
- Oversee risk-based business assessments and compliance monitoring programmes
- Ensure businesses maintain written procedures to comply with applicable laws, regulations, and group policies
- Review, maintain, and implement regulatory compliance documents for each entity
- Conduct periodic internal reviews to ensure adherence to procedures with significant regulatory risk
- Advise the business on the Isle of Man Financial Services Commission’s requirements
- Oversee all regulatory inspections and manage correspondence with the regulator
- Monitor outsourced activities and ensure compliance with data protection legislation and group policies
- Ensure compliance with minimum liquid capital requirements and other regulatory obligations
- Regularly review and maintain compliance policies and procedures
- Investigate compliance and AML risk events and resolve or escalate as appropriate
- Manage risk within the Isle of Man businesses by reviewing processes and ensuring adequate controls are in place
Job Requirements:
- At least five years’ experience in a Fiduciary business-based Compliance role, ideally as a Compliance Officer or MLRO
- Fiduciary compliance experience preferred
- Degree-level qualification, ideally in Business, Legal, Compliance, or Risk Management
- Proven track record in report writing and competency in Microsoft Excel, Word, PowerPoint, and Outlook
- Strong communication skills, with the ability to liaise effectively with staff, senior management, and regulators
- Ability to inspire confidence and promote a positive compliance culture
- Ability to contribute materially to the overall business and compliance function
What You’ll Love:
Our client is a highly respected, independent firm with a reputation for excellence. This role offers the opportunity to lead the risk and compliance function in a dynamic environment, contributing to the company’s continued success and ensuring adherence to the highest regulatory standards. You will work in a supportive atmosphere where your expertise is valued, and you will have the chance to shape the compliance culture of the organisation.
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