Head of Compliance

• Undertaking the controlled functions of Head of Compliance and Money Laundering Reporting Officer, subject to regulatory approval
• Acting as secretary on the quarterly compliance and risk management committee
• Assist the firm with review of prospective new business providing guidance in respect of client due diligence and client risk assessments
• Assessing and recommending amendments to internal systems and controls as well as policies and procedures to facilitate compliance within regulatory framework
• Conduct the compliance monitoring programme ensuring timely report of findings and follow up to ensure remediation
• Advise on and update the BRA/TRA/CRA as required
• Quarterly compliance and risk reports to the board including an update on all key compliance matters, maintenance and review of all regulatory registers, review of resource levels, changes in regulations, updates on compliance projects, high risk client matters and any other compliance matters which need to be reported
• Ongoing review of published Sanction Lists
• Provide support and training to staff with reference to regulatory compliance, arranging ad-hoc and the annual AML/CFT refresher training.   
• Liaising with the FSA and any other regulatory bodies, as necessary
• Responsible for all FSA requests for information including ad-hoc Thematic Reviews and Annual Returns including ARR & FSR / AML/CFT statistical return / CAR
• Responsible for all requests for information from competent bodies including the FIU
• Completing client periodic reviews and risk assessments
• Act as Data Protection Officer including:
• Responsible for the firm's data protection strategy and implementation
• Create best practice governance systems, GDPR policies and procedures
• Training employees on GDPR compliance requirements
• Conducting regular assessments and audits to ensure GDPR compliance
• Responding to data subject access requests

• Well-developed organisational skills
• Excellent interpersonal skills which enables the Head of Compliance to work effectively with all employees, and also to collaborate with external auditors and other parties when required
• Good verbal and written communication skills
• Experience in risk management
• Hold a relevant professional qualification such as ICA or equivalent
• Have a thorough knowledge of the TCSP industry and the applicable regulatory framework
• Previously been vetted by the Isle of Man Financial Services Authority ('FSA') regarding Head of Compliance and MLRO, or DMLRO roles

Your specialist: Anne Murray

Quote job ref: 15069

Hi, I'm your specialist Anne and I can't wait to hear from you about this job. You can simply submit your CV or call me on 678144 with any questions.

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