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);
• Where required, carry out the appointed roles of 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, support engagement 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 - support development and implementation of corrective action, plan for resolution of problematic issues and provide general guidance on how to avoid or deal with similar situations in the future;
• Support 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 and action tracking, with appropriate escalation and reporting for open risks;
• Provide management, through compliance monitoring and oversight, with an opinion on the internal regulatory controls environment within the IoM and 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 PRA, FCA and FSA regulatory returns and notifications, ensuring that submissions are planned and owned within the wider team, and delivered in an accurate and timely manner;
• Support the management of all ad hoc notification, consent or registration requirements relating to companies authorised by the PRA, FCA and 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;
• 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 Company Risk Management Framework across the business in accordance with the requirements of the Bank;
• Drive own self-development to continue to meet the requirements of the role and the needs of the business.

• Active management of IoM and UK FOS complaints - managing investigation, data collection and response.

• Experience compliance monitoring within the banking industry required.
• Hold a relevant professional qualification, or have demonstrable relevant industry experience (e.g. Compliance/Risk/Internal Audit/Legal);
• Working knowledge of FSA Rules: Financial Services Rule Book;
• Working knowledge of FCA and PRA Rules, particularly in relation to Banking (DISP, SYSC, PRIN), Consumer Credit (CONC) and/or mortgages (MCOB);
• Experience of discharging DMLRO responsibilities;
• 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.
• May fulfil the Isle of Man FSA appointed role of Deputy Money Laundering Reporting Officer “DMLRO” for the Class 1 license holder within the bank

Your specialist: Angie Westmorland

Quote job ref: 16284

Hi I'm Angie, I am working on this amazing opportunity with one of the Island's leading employers, click apply now and I will be in touch.

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