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Risk & Compliance Manager, Permanent Job, Isle of Man

Job Purpose:
Risk & Compliance Manager required to join a Financial Services Group in a permanent capacity on the Isle of Man as their Group Risk & Compliance Manager (DPO). The primary activity is to ensure that the risk and compliance function of the business is effectively managed and operated.

Key Responsibilities:
Oversight of compliance with operational procedures of the Group, ensuring that all regulatory, risk & data protection guidelines are followed and drafting and implementing appropriate risk policies & procedures.
Design and implement an enterprise risk management framework including risk statements, risk policies and recommending appropriate risk appetites for specific risks for adoption by the Board.
Undertake internal reviews or monitoring to ensure that risk and data protection procedures are followed and conduct or direct the internal investigation of risk issues where appropriate.
Assess product, compliance, operational risks and develop risk management strategies.
Disseminate written policies and procedures related to risk activities and/or a change in relevant legislation or regulatory guidance.
Serve as a confidential point of contact for employees to communicate with management, seek clarification on risk and data protection matters.
Discuss emerging risk issues with management or employees and provide comprehensive written compliance and risk reports in conjunction with the compliance function to the Board on a quarterly basis or more frequently if required.
Provide employee training on compliance, risk and data protection related topics, policies, or procedures.
Provide assistance to internal or external auditors in risk related reviews.
Prepare management reports regarding compliance, risk operations and progress.
Keep informed regarding pending industry changes, trends, and best practices and assess the potential impact of these changes on organisational processes.
Design or implement improvements in communication, monitoring, or enforcement of risk standards.
Advise the board of relevant regulatory and legislative changes and make recommendations on how changes can be managed within the business.
Maintain an up to date index of policies and procedures for the risk function, all of which must be reviewed and signed off at least annually.
Verify that all firm and regulatory policies and procedures have been documented, implemented, and communicated.
Perform the role of Group Data Protection Officer.

Skills & Experience:
5 years' experience in a similar group risk & compliance role.
Excellent communication skills.
Good understanding of regulatory risk and compliance, data protection legislation and GDPR requirements.
Good understanding of fund and investment management, insurance and pension legislation.

Hours & Benefits:
Competitive salary and comprehensive benefits.

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