Head of Compliance & MLRO

Job Summary and Responsibilities:

The role holder is responsible for fulfilling the FSA controlled functions of Head of Compliance and Money Laundering Reporting Officer for our trust and corporate service provider business. This will involve overseeing the operational and day to day compliance strategy and processes of the business.

Duties include but are not limited to the following:

• Providing support to the Directors with regulatory oversight activities and regulatory reporting including AML/CFT matters
• Providing ongoing advice and support to the business on regulatory compliance and AML/CFT matters
• Developing and maintaining our relationship with the Financial Services Authority
• Cooperating and acting as a contact point with the Financial Intelligence Unit
• Receipt, review, investigation and, if appropriate, externalising internal Suspicious Activity Reports
• Identify and implement developments to the business compliance and AML/CFT framework
• Supporting the maintenance of the risk management framework for the business
• Identifying changed business risks
• Supporting the development, delivery and reporting of the compliance monitoring programme
• Coordinating the delivery of regulatory change initiatives impacting the businesses
• Ensuring that regulatory requests, reports and other official communications are responded to and handled appropriately and promptly
• Maintaining the Compliance and AML/CFT Manuals, policies and associated documentation
• Maintaining the registers required under the Financial Services Rule Book and the AML/CFT Code
• Preparation and development of industry specific regulatory, AML/CFT and other relevant training for staff
• Review of higher risk new business and support to the business control team on AML/CFT matters
• Oversight of the periodic client review process
• Acting as Data Protection Officer for the company.
• Providing ongoing advice and support to clients on compliance matters
• Ensuring knowledge of all relevant legislation, associated regulations and guidance is up-to-date with recent developments

Any other compliance related duties that may be required from time to time

Reporting To:

Board of Directors and Group Head of Compliance

Qualifications Required:

• 5 GCSEs or equivalent at grade C or above
• ICA Diploma in Compliance / Governance, Risk and Compliance
• Previous experience in a similar role in an Isle of Man FSA regulated business is key

Experience:

We require someone with a wealth of experience working within the requirements of the Financial Services Act, the Financial Services Rule Book, the Isle of Man anti money legislation, the Data Protection Act and GDPR.

Training:

Internal and external workshops, CPD courses and study towards additional compliance qualifications will be supported

Skills:

• Risk awareness
• Attention to detail
• Excellent interaction skills
• Excellent communication skills
• Able to work on their own initiative
• Able to work under pressure and to strict deadlines
• Able to prioritise work
• Proactive
• Excellent organisational skills
• Discretion

Characteristics:

• Proactive
• Inclusive
• Team Player
• Reliable
• Enthusiastic
• Personable

Hours:

37.5 hours per week, 7.5 hours per day

Benefits:

• Medicash health plan
• Flexible hours and working opportunities
• Contributory pension scheme
• Study support
• Personal development and growth programmes
• Team events
• Fresh fruit weekly
• Ongoing CPD support
• Discounted gym membership
• Private healthcare
• Death in service

Closing Date – Friday 15th March 2024