Head of Compliance and Risk
Isle of Man
Permanent
Our client seeks a Head of Compliance & Risk to join their team.
Role Profile: To lead the Group's compliance and risk management framework across its regulated pension trustee and retirement savings account businesses. This is a senior leadership role responsible for developing and maintaining an effective Enterprise Risk Management Framework, overseeing regulatory compliance across the Group's regulated entities and schemes, and ensuring the business remains responsive to evolving legislative and regulatory requirements.
The role is not primarily AML/CFT focused however the role does include oversight of this and management of a compliance team of two Isle of Man FTE's, within an established compliance infrastructure including dedicated MLRO, DMLRO and DPO functions. Instead, we are seeking an individual capable of operating strategically across risk, governance and regulation, providing assurance to the Board and supporting the continuing growth of the business.
Key Responsibilities:
- Design, implement and maintain the Group Enterprise Risk Management Framework.
- Develop and maintain risk management policies, procedures and governance arrangements.
- Facilitate risk identification, assessment, monitoring and reporting across the business.
- Maintain the corporate risk register and ensure material risks are appropriately recorded, measured and mitigated.
- Prepare regular risk reporting for Board and Committee meetings.
- Support business continuity, operational resilience and incident management processes.
- Promote a strong risk-aware culture throughout the organisation.
- Act as the principal adviser to the Board on regulatory compliance matters affecting the Group.
- Maintain oversight of compliance with Isle of Man Financial Services Authority requirements and other relevant regulatory obligations through designates in other group jurisdictions.
- Ensure policies, procedures and controls remain aligned to regulatory expectations.
- Develop and maintain regulatory obligations register and assurance programme.
- Coordinate responses to regulatory inspections, information requests and thematic reviews.
- Support the implementation of regulatory developments and business change initiatives.
- Review and interpret relevant legislation, regulations, guidance notes, codes and industry practice affecting pension trustee and retirement savings account services.
- Conduct regulatory horizon scanning and assess emerging legal and regulatory developments.
- Provide practical advice to management regarding the impact of regulatory change.
- Lead implementation projects arising from changes in regulation or supervisory expectations.
- Develop and maintain a regulatory reporting matrix covering all regulated entities and schemes.
- Ensure all regulatory filings, submissions, notifications and attestations are completed accurately and within required deadlines.
- Monitor ongoing compliance with licence conditions and regulatory commitments.
- Support Board governance processes and ensure appropriate compliance and risk reporting.
- Build effective relationships with regulators, professional advisers and industry bodies.
- Collaborate closely with operational teams to embed risk and compliance requirements into business processes.
- Provide training and guidance to directors, management and colleagues on compliance and risk matters.
- Support strategic projects and business initiatives from a risk and regulatory perspective.
Key Skills and Experience:
Essential:
- Significant senior-level experience within compliance, risk or regulatory oversight in a regulated financial services environment.
- Professional qualification in risk, governance, compliance, audit, legal or financial services disciplines.
- Strong understanding of Isle of Man Financial Services Authority requirements applicable to licensed financial services businesses.
- Experience developing and implementing enterprise risk management frameworks. Demonstrable experience interpreting legislation, regulations and regulatory guidance and translating these into practical business solutions.
- Experience managing regulatory reporting obligations and governance frameworks.
- Excellent analytical, report writing and communication skills.
- Confidence engaging with Boards, Committees, regulators and senior stakeholders.
- Strong project management and organisational skills.
Desirable:
- Experience within pensions, fiduciary, trustee, retirement savings, wealth management or related financial services sectors.
- Knowledge of Isle of Man pension legislation and regulatory requirements.
- Experience implementing regulatory change programmes.
Your specialist: Sally Fenton
Quote job ref: 16559
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.
