Head of Risk & Compliance

• Oversee regulatory requirements for all licensed entities in the Isle of Man, including conduct of business obligations, fees and licensing, breach reporting, financial and regulatory returns, regulatory developments, Key Staff authorisation, regulatory liaison, compliance monitoring and anti-money laundering controls.
• Act as a trusted adviser to the business on AML and regulatory compliance matters, supporting the effective delivery of KYC/CDD programmes.
• Represent the business in industry forums, trade body working groups and government consultations.
• Contribute to the development, implementation and testing of local and business-unit compliance and AML policies and procedures.
• Participate in risk and compliance committees, ensuring the Isle of Man entities' interests are properly represented.
• Work closely with divisional and wider Group colleagues to support alignment of compliance and AML processes.
• Ensure compliance returns are submitted to the relevant regulators within required timeframes.
• Report to the Boards of the Isle of Man regulated entities as required.
• Maintain accurate AML and client due diligence information through monitoring and appropriate escalation to Group and senior management.
• Oversee a risk-based compliance monitoring programme linked to business risk assessments.
• Ensure Isle of Man regulated businesses maintain appropriate written procedures to comply with applicable legislation, regulations and Group policies, and monitor adherence to those procedures.
• You will review, maintain and implement the following compliance documents for each entity: Regulatory Compliance Manual, Compliance Plan and Calendar, Monitoring checklists / templates, Gap analysis of all applicable laws and regulations & Compliance Registers.
• Conduct periodic internal reviews to confirm that procedures carrying significant regulatory risk are being followed.
• Support local Boards in understanding and assessing AML and compliance risks, and maintain risk registers in line with regulatory requirements.  
• Provide guidance and advice to the business on Isle of Man Financial Services Authority requirements.
• Review legal documents and agreements from a compliance perspective.
• Investigate compliance and AML risk events, resolving or escalating them as appropriate.
• Manage risk in the Isle of Man businesses by reviewing processes and ensuring adequate controls are in place.
• Work with the Group Head of Risk Management and management team to produce and report on combined and business risk assessments.

• At least five years' experience in a fiduciary business compliance role, ideally as a Compliance Officer or MLRO.  
• Fiduciary compliance experience is preferred.
• Experience of working in class 4 & 5 licences would be desirable.
• Degree-level qualification, ideally in business, law, compliance or risk management.
• Proven report-writing skills and competence in Microsoft Excel, Word, PowerPoint and Outlook.
• Ability to communicate effectively with staff, senior management and regulators.
• Trustworthy, discreet and confident in approach.
• Genuine interest in financial services laws and regulations, with the ability to inspire confidence and promote a positive compliance culture.

Your specialist: Sally Fenton

Quote job ref: 16655

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.

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