Associate Director, Risk & Compliance (MLRO)

Isle of Man
Our client seeks an Associate Director, Risk & Compliance (MLRO) to join their team.
Role: Exercise the functions of Money Laundering Reporting Officer prescribed by the Anti-Money Laundering and Countering the Financing of Terrorism Code 2019 and any amendment or successor thereto (Code) and perform the additional activities and responsibilities as described below:
Key Responsibilities:
  • Report directly to the Board on matters relating to the MLRO;
  • Receive, and assess information contained within, internal suspicious activity reports (ISARs) to determine whether there are reasonable grounds for knowing or suspecting that the activity is money laundering and/or financing of terrorism (ML/FT) in accordance with the requirements of the Code as well as relevant company policies, processes and requirements;
  • Submit suspicious activity reports to the Financial Intelligence Unit (FIU) as required;
  • Respond to ML/FT inquiries received from competent authorities;
  • Establish, record, maintain and operate reporting procedures and controls regarding submission, consideration and determination of internal disclosures and provision of external disclosures;
  • Establish and maintain registers of disclosures, and of all ML/FT inquiries received from competent authorities;
  • Establish, record and maintain appropriate procedures and controls for establishing the integrity of new directors, officers and all new appropriate employees and workers;
  • Establish, record, maintain and operate (or ensure the operation of) appropriate procedures and controls for monitoring and testing compliance with AML/CFT regulatory requirements including arrangements for managing risks identified by the Business Risk Assessment (BRA), monitoring operational performance of the same, and ensuring that prompt action is taken to remedy any deficiencies;
  • Work with the Board and Compliance Officer in the preparation and update of the BRA;
  • Prepare and deliver (or ensure and support the preparation and delivery of) AML/CFT education and training as required by the Code to officers, senior management and appropriate employees and workers;
  • Assume overall responsibility for the AML/CFT education and training programme.
Key Skills & Experience:
  • Good knowledge and experience of offshore financial services and underlying product and service rationales, technologies and regulatory environments
  • Evidence of Continued Professional Development
  • Extensive experience within the offshore finance Industry
  • Extensive experience within a compliance and / or risk environment
  • Awareness and understanding of cross jurisdictional cultural differences
  • Corporate Governance experience and an understanding and experience of risk mitigation
  • Excellent leadership and management skills
  • Effective influencing skills and an ability to lead within own functional area
  • Evidence of role modelling effective skills as a team player and promoting teamwork and collaboration amongst others
  • Experience of working closely with Regulators
  • Excellent written and verbal communication skills
  • Highly effective listening skills and able to make and communicate rational judgments in a decisive manner
Your specialist: Sally Fenton
Quote job ref: 10834

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.