Compliance Executive

• Design, implement, and oversee a comprehensive compliance program and internal controls in order to meet requirements of the Deed of Authorisation with the FSA
• Maintain and continually improve the AML/CFT supervisory framework to ensure it remains risk-based, proportionate, and aligned with regulatory expectations.

• Maintain an up to date and working knowledge of the Island's AML/CFT regulatory framework.
• Lead the drafting, maintenance and delivery of the AML/CFT Supervisory Inspection Program, including all supporting documentation and related reports, in order to meet the requirements of the Deed of Authorisation with the FSA and any other relevant agreements.
• Draft, maintain and update internal policies and procedures to ensure the business operates to best practice standards.

• Ensure compliance with statutory objectives
• Align the interests of stakeholders.
• Manage the administrative requirements relating to the scheduling and the delivery of AML/CFT Supervisory Inspections.
• Maintain a high-level understanding of each Practice's status, nature of services and client base to support the risk-based supervisory approach.
• Establish and maintain effective regulatory and support relationship with the MLROs of each Practice; maintain and implement effective communication channels with this group.
• Provide oversight and quality review of evidence and written reports prepared for sanction or enforcement purposes.

• Promote a strong culture of compliance through education and training for all member Practices.
• Oversee the design and content of the AML/CFT training programme, ensuring alignment with emerging risks, inspection themes and best practice.

• Co-ordinate the annual Masterclass
• Co-ordinate and host quarterly coffee hours
• Organise and roll out online training for Members , including but not limited to AML/CFT training and Data Security training.

• Serve as an advisor on emerging "hot topics" and regulatory shifts affecting the legal profession.
• Provide input into discussions to ensure decisions align with current regulatory expectations.
• Lead the drafting of formal responses to government and regulatory consultations.
• Perform "horizon scanning" to identify and brief the business on upcoming legislative changes or AML/CFT trends that may impact the Isle of Man.
• Prepare the annual AML/CFT supervisory report and other reporting as required.

• Oversee internal processes to ensure they meet high standards of efficiency and regulatory compliance.
• Maintain and develop an internal compliance framework for the operations.
• Develop and implement internal policies and procedures to ensure best practice.
• Act as the Data Protection Officer (or Data Protection Lead), ensuring compliance with the Isle of Man GDPR and liaising with the Information Commissioner as required.

• Lead the periodic review, updating and drafting of the Accounts Rules.
• Carry out consultation exercises with Practices.
• Produce supporting guidance and support implementation activities.

• Take calls / emails from the AML/CFT Helpline and provide support to the Members.
• Maintain an advisory log to identify key themes for the profession.
• Draft the Compliance content for the bi- weekly email.
• Training and supervision of junior members of staff if required.
• Drafting of procedures as and when required.
• General office administrative duties including assisting and covering when team members are on leave etc.

• Strong leadership, communication, and decision-making skills.
• Deep understanding of relevant laws, regulations, and industry standards
• Proficiency in risk assessment, control implementation, and policy development.
• Ability to influence business practices and build a positive, ethical environment internally/externally

Your specialist: Danielle Dennis

Quote job ref: 16301

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