Compliance Manager

• Develop and maintain a working knowledge of all applicable legislation, regulation and applicable codes of practice in the markets in which The Group operates (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
• Take ownership for the effective implementation of compliance related policies
• 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.
• 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
• 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
• 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;
• Review and interrogation of complaints data- preparing an analysis report for the Conduct Committee and feeding observations
• 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 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.
• Strong verbal and written communication skills, excelling in a one on one advisory capacity.
• Strong Planning and Accountability mindset.

Your specialist: Debbie Amankwa

Quote job ref: 15543

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

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