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Head of Compliance

Isle of Man
Permanent
Our client seeks an experienced and versatile Head of Compliance to join their team.
 
As an integral position within the Company, you will manage a range of Compliance related tasks to oversee the overall compliance function and ensure regulatory requirements are met in a timely and efficient manner.
 
This role will require you to act as the company's Head of Compliance and MLRO, so prior FSA acceptance for this controlled function is preferable.
 
Key Responsibilities
  • Management of the compliance function, including responsibility for 2 full time team members.
  • Maintaining all compliance and AML registers as well as regular board and stakeholder reporting.
  • Maintain, review, update and distribution of all internal compliance and AML policies, procedures, and governance frameworks, ensuring adherence with all applicable regulation and legislation.
  • Acts as primary point of contact with all regulatory and legal bodies including the FSA and FIU.
  • Undertaking reviews and ongoing monitoring on current client base.
  • Sit on several internal committees including new business, high risk and business risk.
  • Act as MLRO with primary responsibility for handling any SAR and ML enquiries from the authorities.
  • When required to do so, provide compliance and AML guidance to client companies.
  • Submit or assist with regulatory and statistical reports for the FSA, auditors and insurers, when required.
  • Arrange ongoing AML, Whistleblowing, ABC and GDPR training.
  • Acting as a point of contact for all staff on any compliance or AML queries.
  • Undertake remediation and ad-hoc compliance projects as and when needed.
 
Key Skills & Experience
  • Proven experience in a compliance environment, preferably within the TCSP sector.
  • Must be qualified to ICA diploma level or other relevant compliance qualification.
  • Has an in-depth knowledge of all the requirements in the IOM AML Code and handbook.
  • Experience in CDD/EDD requirements for high-net-worth individuals and complex financial structures across multiple jurisdictions.
  • In-depth knowledge of the requirements under GDPR and data protection principles.
  • Experience with AEOI classifications and submission requirements.
  • Familiarity with the requirements and restrictions outlined in the financial services rulebook.
  • Sound understanding of corporate governance and experience in developing a strong ethical and transparent culture within a regulated entity.
  • Delivers accurate review of new business processes with a considered, systematic and proactive approach.
  • Comfortable working independently and liaising with key stakeholders across all levels of the business and multiple offices as well as managing a small team.
  • Displays a genuine passion for all things compliance with the ability to demonstrate and enforce strong principles of corporate governance.
Your specialist: Sally Fenton
Quote job ref: 15422

Hi, I'm Sally and this is one of the job roles I am looking after for this super business. If this job is of interest for you, please submit your CV and we will come back to you to arrange the next staging.