Head of Compliance, Permanent Job, Isle of Man
Senior Compliance professional required to join an expanding Private Wealth Group, as their Head of Compliance in a permanent capacity based on the Isle of Man. You will be responsible for overseeing and managing compliance across the group, ensuring that it meets regulatory requirements, internal policies and procedures. The position may involve being the Compliance Officer and MLRO for the Isle of Man.
Develop and maintain a positive Compliance culture across the Group.
Establish and maintain strong relationships with the Executive management.
Develop and implement strong global, cross border policies.
Monitor the effectiveness of the Compliance policies and controls in place across the Group and update as necessary; providing support and training to all areas as needed.
Oversee the operation of the compliance function across the Group.
Build relationships with regulators for licensing and ongoing requirements.
Monitor regulatory change to identify, understand and communicate to global teams and ensure policies and processes are updated.
Develop and mentor the Compliance team globally. Ensure clear key performance indicators are set, reviewed regularly and that reports are meeting the required standards.
Monitor and improve processes to most effectively anticipate, manage and reduce risk to the Group.
Ensure teams are guiding and assisting relevant internal departments to ensure that the client experience is smooth and efficient and that the regulatory implications have been considered and addressed.
Foster an environment of regulatory awareness whilst instilling a positive, proactive culture towards the compliance function across the Group.
Act as Chair of the Financial Crime Committee.
Act as Project Sponsor for all Compliance projects, including significant regulatory changes and ensure that appropriate resource and governance is in place to guarantee delivery.
MLRO - Act as MLRO for the Isle of Man, including receipt , assessment and disclosure of suspicious activity reports.
Business Support - Act as point of referral for Isle of Man Compliance matters.
Skills & Experience:
Minimum of 7 years in banking and/or investment experience and have held senior roles in Compliance, ideally with international exposure.
A sound knowledge of Isle of Man regulations is a requirement.
Knowledge of UK, and Channel Island regulation would also be desirable.
Strong communication skills (both written and oral) with all levels of staff including the ability to present to the Executive Committee, Audit Risk & Compliance Committee and the Board.
Needs to be thorough analytical and have an enquiring mind.
Show initiative and evidence a strong personal drive.
Must be well organised and able to achieve deadlines.
Strong report writing skills.
Able to work within a small but focused team.
Experience of managing projects.
Hold a related compliance qualification.
Hours & Benefits:
Competitive salary and comprehensive benefits package.
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