This role involves overseeing compliance matters for the relevant operational entities based in the Isle of Man. The position will act as Compliance Officer, Money Laundering Reporting Officer, and Money Laundering Compliance Officer. It is essential to ensure that all compliance returns are submitted within required timeframes and report to the Boards as necessary. The role requires close collaboration with both local and international Compliance and Risk teams. The successful candidate will act as a trusted adviser on AML and regulatory compliance, supporting KYC/CDD programmes, and represent the business in industry forums. The position also entails attending risk and compliance committees to ensure that the interests of the Isle of Man entities are well-represented. This role is pivotal in contributing to the development and implementation of compliance and AML policies, while also monitoring adherence to legislative and regulatory requirements.
Job Duties:
- Oversee regulatory requirements for licensed entities in the Isle of Man, including conduct of business obligations.
- Act as a trusted adviser to the business on AML and regulatory compliance.
- Represent the business in industry forums and consultations.
- Contribute to the development, implementation, and testing of compliance and AML policies and procedures.
- Participate in risk and compliance committees with proper representation for Isle of Man entities.
- Ensure compliance returns are submitted in a timely manner to relevant regulators.
- Report to the Boards of the Isle of Man regulated entities as required.
- Maintain accurate AML and client due diligence information and escalate appropriately.
- Implement a risk-based compliance monitoring programme.
- Ensure regulated businesses maintain written procedures compliant with applicable legislation.
- Review and maintain compliance documents, including the Regulatory Compliance Manual.
- Conduct periodic internal reviews to confirm adherence to procedures with significant regulatory risk.
- Support local Boards in assessing AML and compliance risks.
- Provide guidance on the Isle of Man Financial Services Authority requirements.
- Oversee regulatory inspections and manage correspondence with the regulator.
- Monitor compliance with data protection obligations and minimum liquid capital requirements.
- Review legal documents from a compliance perspective.
- Investigate compliance and AML risk events.
- Work with the Group Head of Risk Management to report on risk assessments.
- Monitor the control environment to ensure effectiveness and efficiency.
Job Requirements:
- At least five years’ experience in a fiduciary business compliance role, ideally as a Compliance Officer or MLRO.
- Preferred experience in fiduciary compliance.
- Degree-level qualification in business, law, compliance, or risk management.
- Proven report-writing skills and proficiency in Microsoft Excel, Word, PowerPoint, and Outlook.
- Ability to communicate effectively with staff, senior management, and regulators.
- Trustworthy, discreet, and confident in approach.
- Genuine interest in financial services laws and regulations, with the ability to foster a positive compliance culture.
- Willingness to undertake other reasonable tasks required by the business.
- Capacity to balance functional independence with effective second-line support to the business.
What You’ll Love:
This role offers the chance to play a key part in maintaining and enhancing the jurisdiction’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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