Manager - Banking & Money Transmission

Isle of Man
Our client is looking for a Manager to join their Banking & Money Team.
The Role:
Undertake effective and efficient supervision of an assigned portfolio of regulated entities in line with the requirements.
Key Responsibilities:
  • Responsible for the day to day supervision of an agreed portfolio of regulated entities as assigned by the Senior Manager - Banking & Money Transmission.
  • Undertake on-site and desk-based supervision of an agreed portfolio of regulated entities as per the Supervision procedures manual.
  • Undertake appropriate preparation in advance of on-site inspections and complete post-inspection work including writing reports, recommending remedial action where necessary and updating the risk assessments.
  • Conduct business meetings with the agreed portfolio of regulated entities.
  • Develop and maintain effective relationships with regulated entities
  • Develop and maintain effective relationships with relevant industry bodies and government agencies.
  • Deal with public enquiries (including complaints against regulated entities) in a courteous and constructive manner.
  • Ensure breaches, complaints and errors by regulated entities are logged and reported to the Senior Manager - Banking & Money Transmission in a timely manner and recommend remedial action.
  • Research and write letters, papers and reports on supervisory matters and contribute to the Division's periodic reports to the Board and the Authority's Business Plan.
  • Review and contribute to proposed new and changes in existing legislation or supervisory policy.
  • Ensure internal systems and procedures are adhered to.
  • Comply with the requirements set out in the Staff Handbook and other operational policy and procedures
  • Work on special ad-hoc projects as identified.
  • Set an example to staff to maintain and develop a positive professional culture.
  • Undertake the role in line with the Framework.
Key Skills and Experience:
  • To hold or be willing to work towards a relevant professional qualification.
  • Evidence of Continual Professional Development.
  • Extensive relevant banking, or equivalent industry experience in a compliance, assurance, risk or audit role.
  • A well-developed working knowledge of the banking and money transmission sectors and associated legislation, regulation and guidance.
  • Proven ability to build and maintain working relationships with both internal and external stakeholders at all levels including the ability to influence and negotiate.
  • Strong analytical skills, ability to quickly and accurately assimilate information, to consider any associated risks and to summarise the information effectively.
  • Ability to work under pressure, manage a workload of varied complexity, to manage competing priorities and to deliver against deadlines.
  • Ability to prepare, lead and conduct meetings with senior stakeholders both internally and externally.
  • Demonstrates effective interpersonal, verbal and written communication skills.
  • Experienced user of Microsoft Office suite.
  • Ability to work on their own initiative as well as part of a team.
  • Proven experience working for a financial services regulator, ideally in a supervisory type role.
  • Strong working knowledge in relation to risk and risk frameworks, including the ability to identify, evaluate, rate, manage and mitigate risks and the ongoing monitoring and review of risks.
Your specialist: Debbie Amankwa
Quote job ref: 12593

Hi, I'm Debbie and I look forward to receiving your submission for this fantastic opportunity with this business.