Head of Compliance

The Head of Compliance role is pivotal in executing Compliance Risk Management processes and activities within a Tier 3 Country. The main purpose is to ensure compliant operations, thereby preventing operational losses, fines, penalties, or reputational damage to the organisation, and enhancing its competitive advantage. This position is based in the Isle of Man and is not open to relocation or sponsorship; only candidates with residency and the right to work in the Isle of Man will be considered. The successful candidate will lead a functional team of Compliance resources, ensuring adherence to regulatory requirements and developments relevant to the banking environment. They will also be responsible for building and maintaining effective relationships with country regulators and stakeholders. A seasoned expert is ideal for this role, with a clear focus on compliance and banking products. The role demands excellent leadership and a proven track record of driving compliance initiatives effectively.

Job Duties:

• Analyse operational activities within the branch to identify compliance risks and ensure adherence to the compliance frameworks and standards.
• Build and maintain effective relationships with country regulators and stakeholders across all areas of responsibility.
• Develop, track, and report on the progress of compliance monitoring plans to identify significant compliance breaches, exposures, and potential improvements.
• Drive customisation and maintain generic risk management plans to ensure appropriateness within the regulatory context of the specific country.
• Guide adherence to data models within the compliance team to ensure the collection, capturing, and management of data aligns with required standards and policies.

Job Requirements:

• First degree in Audit, Legal, or Risk Management.
• 3 to 4 years of experience in Business Enablement with a solid understanding of the relevant banking environment, products, and activities.
• 8 to 10 years of experience in Compliance with a comprehensive understanding of regulatory requirements and upcoming developments in the banking sector.
• Proven leadership skills with a track record of leading Compliance functions effectively.

What You’ll Love:

​​​​​​​This role provides the opportunity to play a key part in maintaining and enhancing the organisation's reputation. You will work in a collaborative environment with opportunities to develop your skills in regulatory oversight, policy creation, and risk-based supervision. The organisation values professional growth and offers ample opportunities for training and career development.

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