Compliance Advisor

• Develop and maintain a working knowledge of all applicable legislation, regulation and applicable codes of practice in the markets in which we operate (excluding company law and employment law);
• Carry out the appointed roles of MLRO (Designated Businesses) and DMLRO (Class 1) as designated under the Isle of Man FSA regulatory appointed position. Discharging formal duties and assisting the MLRO, as required;
• Review and analyse new legislation and regulation, engage with the business in order to assess the impact, plan the implementation of regulatory change and embed within company policies and procedures;
• Identify potential areas of compliance vulnerability and risk - develop/implement corrective action plan for resolution of problematic issues and provide general guidance on how to avoid or deal with similar situation in the future;
• Take ownership for the effective implementation of compliance related policies, including the maintenance of all registers and logs required by the FCA Sourcebook, and FSA Rulebook/Handbook (as applicable);
• Take ownership for allotted compliance monitoring as required, to ensure that controls are adequately designed and operating effectively to maintain compliance with all applicable law and regulation (this includes oversight of Partners compliance and conduct control framework).

• Support effective issues management, taking ownership and ensuring issues managed in a timely and effective manner. You will advise and provide effective solutions and when appropriate, escalate. Accurate reporting for open and closed risks;
• Provide management, ARCC and Board with an opinion on the internal regulatory controls within the IoM / UK through regular and appropriate reporting;
• Maintain and analyse key risk data in order to inform and support reporting on internal regulatory controls;
• Manage a register of FSA regulatory returns and notifications, ensuring that submissions are planned and owned within the wider team, and delivered in an accurate and timely manner;
• Manage all ad hoc notification, consent or registration requirements relating to the companies registered with the FSA, using specialist external support where appropriate.
• Review and assess internal disclosures and take ownership of externalising disclosure to relevant authority (IoM FIU and/or UK NCA) where appropriate.

• Provide ongoing advice and consultancy to the business in support of operating within regulatory guidelines and in ongoing compliance with all applicable laws and rules including Data Protection;
• Provide compliance advice in support of corporate projects;
• Support regulatory visits or enquiries, with completion of preparatory work, engagement with on-site examinations, and follow-up activity;
• Support the delivery of a compliance training programme (to cover general compliance, AML/CFT, financial crime requirements) for both new and existing staff as required. Proactively identify coaching needs and design and deliver training;
• Actively promote risk and compliance awareness within the business and the development of a positive risk and compliance culture, including the provision of regulatory compliance and risk related coaching to the business as required;
• Support the use of the Group Risk Management Framework across the business in accordance with the requirements of each Group subsidiary company;
• Drive own self-development to continue to meet the requirements of the role and the needs of the business.

• Oversight of complaints management processes, ensuring compliance with all regulatory guidance;
• Active management of FOS complaints - managing investigation, data collection and response (including those reassigned from Partners);
• Review and interrogation of complaints data including that of our Partners - preparing an analysis report for the Conduct Committee and feeding observations into Partner monitoring.

• To the Compliance Manager IOM, the Compliance Manager UK and the Head of Risk & Compliance.
• To the IOM Financial Services Authority and the UK Financial Conduct Authority.

• Part of a Group Risk and Compliance team with access to, and responsibilities towards, both UK and IOM Compliance Managers and Group Risk Advisor;
• Independent and direct access to the Group's responsible officers;
• Unfettered access to all business lines and support departments, with the authority to examine business processes, documents and speak to any member of staff in order to accomplish stated objectives.

• Empowered to make policy interpretation decisions based on Isle of Man FSA and UK FCA Handbook requirements on a day -to-day basis.
• Empowered to assess events to determine whether a notifiable breach of rules has occurred, and whether notification to the FSA or Information Commissioner is required.

• Hold a relevant professional qualification, or have demonstrable relevant industry experience (e.g. Compliance/Risk/Internal Audit/Legal);
• Minimum of 5 GCSEs (or equivalent) at Grade C or above, including Maths and English
• Minimum of 2 years Compliance experience in a similar role;
• Working knowledge of FSA Rules: Financial Services Rule Book;
• Detailed working knowledge of AML rules and associated guidance;
• Systematic approach to work with demonstrable ability to work independently and deliver to deadline, whilst maintaining attention to detail;
• Strong verbal and written communication skills, excelling in a one on one advisory capacity.

Your specialist: Debbie Amankwa

Quote job ref: 15294

Hi, I'm Debbie and I look forward to receiving your submission for this fantastic opportunity with this business.

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