Compliance Manager
Isle of Man
Permanent
Our client seeks a Compliance Manager to join their team.
In this role, you will play a pivotal role in ensuring regulatory compliance across IoM and UK operations. You'll support the compliance team and senior managers in discharging their duties under regulatory frameworks whilst actively working to ensure adequate and effective controls are in place to mitigate regulatory, reputational, legal and operational risks. This position offers exceptional exposure to complex compliance challenges and meaningful career development opportunities.
Key Responsibilities:
- Develop and maintain working knowledge of all applicable legislation, regulation and codes of practice.
- Review and analyse new legislation and regulation, supporting business engagement to assess impact and plan implementation.
- Assist with management and timely delivery of the Compliance Monitoring Plan including testing, reporting and remediation work.
- Support maintenance of all regulatory registers and logs required by FCA Sourcebooks and IOM FSA Rulebook.
- Provide ongoing compliance advice and consultancy to the business in support of operating within regulatory guidelines.
- Support effective issues management and action tracking with appropriate escalation and reporting.
- Manage register of regulatory returns and notifications, ensuring accurate and timely submissions.
- Actively manage IOM and UK Financial Ombudsman complaints including investigation and response.
- Support the delivery of compliance training programmes covering general compliance, AML/CFT/CPF and financial crime requirements.
- Drive development of positive risk and compliance culture across the business.
Key Skills & Experience:
- Experience in compliance monitoring and associated scoping, testing and reporting within banking industry.
- Hold a relevant professional qualification or demonstrable industry experience in Compliance/Risk/Internal Audit/Legal.
- Working knowledge of IOM FSA Rules: Financial Services Rule Book 2016, Code 2019 and relevant banking sector guidance.
- Systematic approach to work with ability to work independently and deliver to deadline whilst maintaining attention to detail.
- Strong verbal and written communication skills.
- Regulatory change management experience including impact assessment, implementation planning and embedding.
- Practical understanding of CDD/EDD, PEPs, sanctions screening, transaction monitoring and SAR processes.
- Ability to maintain confidentiality and consistently adhere to ethical principles.
**Desirable:**
- Working knowledge of UK FCA and PRA Rules, particularly relating to Banking and lending.
- Stakeholder management skills with ability to confidently challenge first line whilst maintaining constructive relationships.
- Experience with third-party/outsourcing oversight and governance expectations.
- Experience coordinating with internal/external audit and evidencing closure of findings.
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.
