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Overview

Our Client is a well established Douglas-based financial services company that offers a comprehensive suite of accountancy and wealth management services to enable clients to grow, manage and preserve all facets of their financial affairs through cross-boarder resources and expertise-led solutions. They are now seeking a Compliance Officer to support the businesses and directors in the ongoing development of their compliance framework and associated reporting.

Role Profile

• Assist the Head of Compliance who is responsible for providing regulatory compliance assistance, advice and support to all parts of the Group, which includes a Trust and Corporate Service Provider, Pension company, Accountancy, Audit and Advisory companies along with a Payroll company
• Ensuring that regulatory requests, reports and other official communications are responded to and handled appropriately and promptly
• Providing ongoing advice and support to the Group on regulatory compliance matters
• Preparation of regulatory reports such as Annual Regulatory Return, Statistical Returns and Client Asset Report
• Developing and delivering a new compliance monitoring programme
• Assisting with the maintenance of regulatory registers
• Monitoring and reporting changes to the compliance environment
• Supporting the maintenance of the risk management framework for the business
• Preparing business risk assessments
• Preparation of monthly compliance reports to the Board
• Maintaining Compliance Manuals, policies and associated documentation
• Maintenance of the online portal for Designated Businesses
• Providing cover to the Compliance Assistant to ensure new business and client due diligence meets internal standards and regulatory requirements, including giving advice to the administration teams
• Providing proactive support in the identification and implementation of developments to the business compliance framework
• Identifying new or changed compliance risks
• Coordinating the delivery of regulatory change initiatives impacting the businesses
• Contributing to the preparation, development and delivery of regulatory training
• Assist with and prepare for regulatory or oversight visits and external audits
• Ensuring compliance knowledge is always kept up-to-date with recent developments, such as: Financial Services Act, AML/CFT Code, Data Protection Act, Designated Business Act, Bribery Act, etc

Person Profile

• Experience working within the requirements of the Financial Services Rule Book and the AML/CFT Code, with at least 5 years' experience
• Attention to detail
• Excellent interaction andcommunication skills
• Able to work on their own initiative
• Able to work under pressure and to strict deadlines
• Able to prioritise work and proactive
• Excellent organisational skills
• Discretion
• Enthusiastic, personable, reliable, conscientiousand a team player
• 5 GCSEs or equivalent at grade C or above
• Certificate or Diploma in Compliance is desirable but not essential as previous experience in the role is key