Head of Compliance
Isle of Man
Permanent
Our client seeks a Head of Compliance to join their team.
You will be responsible for leading and overseeing the organisation's compliance and risk management frameworks to ensure full adherence to all applicable Isle of Man regulatory and legal requirements. The role provides strategic and operational leadership in regulatory compliance, financial crime prevention, and risk management across the business's fiduciary, fund services, tax, and advisory operations.
Key Responsibilities:
- Act as Compliance Officer and MLRO complying with all regulatory responsibilities.
- Ensure full conformity with all regulatory obligations under applicable legislation (e.g., AML/CFT, fiduciary, corporate services, tax, and data protection regulations).
- Manage and maintain the Compliance Monitoring Programme to assess regulatory adherence across the group.
- Provide regular reports and MI to the Board, Risk Committee and Senior Management.
- Act as a primary point of contact with the Isle of Man Financial Services Authority.
- Lead the preparation for regulatory inspections, audits, and thematic reviews.
- Maintain and enhance the Compliance Risk Register, identifying emerging risks and implementing mitigating controls.
- Conduct periodic assurance testing and internal compliance audit reviews.
- Oversee incident reporting, breach investigations, and remediation.
- Monitor the effectiveness of controls designed to manage and mitigate identified risks and highlight areas for improvement.
- Ensure robust onboarding, CDD/KYC, and periodic review processes.
- Provide guidance to teams on sanctions, PEP screening, source-of-wealth verification, and risk rating.
- Develop and deliver compliance and AML/CFT training to all staff.
- Promote a strong compliance, risk, AML awareness, and ethics-driven culture across the organisation.
- Lead, mentor, and develop the Compliance team, setting clear goals and performance expectations, ensuring appropriate training and support.
- Collaborate with other departments (HR, Finance, IT, Client Services, Tax etc.) to ensure integrated compliance practices.
- Participate in new business committees, ensuring clients meet the group's risk appetite.
Key Skills and Experience:
- Relevant professional compliance/AML qualification (e.g. ICA or equivalent).
- Extensive experience in a senior compliance or MLRO/DMLRO role within fiduciary, corporate services, fund services, or broader financial services.
- Strong technical expertise in AML/CFT, risk management and regulatory frameworks, including Isle of Man, UK, or comparable regimes.
- Knowledge of data protection/GDPR and information security frameworks would be desirable.
- Proven leadership skills with the ability to motivate, develop and manage a team. Specifically managing a compliance team would be ideal.
- Experience developing, implementing, and maintaining compliance and risk policies, procedures, and control frameworks.
- Excellent analytical and problem solving abilities with high attention to detail.
- High levels of integrity, professionalism, and sound judgment, with the ability to handle sensitive information confidentially.
- Experience delivering AML/CFT or compliance training would be desirable.
Your specialist: Sally Fenton
Quote job ref: 16867
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.
