Our client is seeking a highly skilled Compliance Manager who will also function in the roles of Money Laundering Reporting Officer (MLRO), Money Laundering Compliance Officer (MLCO) and Compliance Officer (CO). This management position requires a comprehensive understanding of compliance and regulatory policies, with a focus on maintaining a robust framework that identifies and mitigates compliance risks. The Compliance Manager will lead a dedicated team and contribute to organizational discussions, reporting directly to the Managing Director. The role encompasses ensuring adherence to regulations, conducting risk assessments, and fostering a compliance culture across the business. This is a full-time position, and the successful candidate will be integral to driving compliance initiatives and overseeing regulatory interactions.
Job Duties:
- Manage compliance and regulatory risks within the business, ensuring a robust, up-to-date framework is maintained.
- Review new legislation and enhance existing processes to ensure compliance with the regulatory framework.
- Participate as a member of the risk committee, contributing to the Business Risk Assessment (BRA) and managing risk identification.
- Address any points arising from risks and reports in a timely manner.
- Cultivate a compliance culture through close engagement with the board, managers, and employees.
- Develop the risk management strategy to strengthen mitigation measures.
- Produce compliance reviews and reports for the board and maintain compliance and regulatory risk registers.
- Assist the board with regulatory visits, applications, and consultations with the GFSC, and handle reporting and remedial actions.
- Review marketing materials for compliance and conduct internal investigations related to compliance and risk.
- Act as the first point of contact for whistleblowing and liaise with compliance colleagues.
- Oversee international reporting obligations (FATCA, CRS) and develop associated policies and procedures.
- Act as an independent reviewer of compliance concerns and coordinate compliance activities across the organisation.
- Identify areas of compliance vulnerability and develop corrective action plans.
- Provide regular compliance reports to the Directors, ensuring all breaches or potential breaches are properly reported.
- Collaborate on compliance training and communication programmes for staff.
- Conduct due diligence on new business and scrutinise compliance records for client structures.
- Manage personnel issues with a focus on motivation, training, and performance review.
- Uphold the values of the organisation, fostering a culture beneficial to employees and clients.
- Identify issues or trends that could adversely affect compliance and suggest actions for improvement.
- Conduct risk assessments and file reviews for client structures while implementing compliance remediation programmes as agreed with the GFSC.
- Assume the role of authorised signatory and perform any additional duties as required by a Director.
Job Requirements:
- Minimum of 5 GCSE qualifications (Grade C or above), including English and Maths.
- 2 A Levels (Grade C or above) and/or relevant degree-level qualifications.
- Professional qualifications in Compliance and/or AML.
- Management qualification/training, or willingness to undertake such training.
- At least 5 years of compliance experience, including Trust & Company and pensions administration.
- Well-developed supervisory and management experience with relevant training.
- Presentations or training experience is highly regarded.
- Strong knowledge of regulatory requirements and compliance frameworks.
- Proficiency in Word, Excel, and email systems.
- Excellent analytical and decision-making skills, with high attention to detail.
- Ability to communicate clearly, both verbally and in writing, in English.
- Strong report writing capabilities and a focus on customer relations.
- Effective time management and a good approach to people management.
- Flexible and proactive, with a strong desire for continuous learning and improvement.
What You’ll Love:
This is a fantastic opportunity to join a leading organization that values compliance and regulatory excellence. You will be part of a forward-thinking team that prioritises ethical practices and professional development. The role provides a chance to make a significant impact on compliance policies and cultivate a strong compliance culture within the business. You will work closely with management and staff, fostering relationships that help drive organisational effectiveness and service delivery. Our client is committed to supporting your professional growth while ensuring a collaborative and inclusive working environment.
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