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Head of Compliance (MLRO) (O911221)

Douglas, Isle of Man

Compliance & Legal

Salary DOE plus benefits package

Full time / Permanent

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Job description

Overview

Our Client is a leading international firm of Chartered Accountants who provide services across a diverse wealth management portfolio. They are now seeking an experienced Head of Compliance / MLRO.

Role Profile

  • Oversee the firm's compliance with regulatory requirements, providing continual risk assessment, development of comprehensive policies and procedures, compliance training, monitoring, and internal investigations for all areas of the firm
  • Oversee the company statutory filings and work with the auditors regarding their clients' FSA regulatory requirements
  • Oversee the firm's compliance with the regulatory and statutory reporting requirements, including company secretarial and data protection
  • Act as the firm's Money Laundering Reporting Officer and provide continual risk assessment and development of comprehensive policies and procedures, training and internal investigation for all areas of the firm
  • Manage two members of staff (Senior Compliance Coordinator and Compliance Administrator)
  • Ensure that the day-to-day operations of business are in line with the agreed operational and compliance procedures for the firm
  • Ensure the operations of the firm adhere to the recent Anti-Money Laundering Guidelines
  • Supervise, monitor and develop the Senior Compliance Coordinator and Compliance Administrator
  • Perform internal compliance investigations and audits, throughout the firm, including compiling detailed reports to the Partners
  • Ensure that all financial transactions are recorded and are carried out in accordance with instructions received and within set time limits
  • Develop compliance training materials and perform ongoing compliance training throughout the firm and ensure that the procedures are maintained and worked to
  • Provide ongoing advice and resources to management for compliance issues and process monitoring and improvement, and work with management
  • Produce relevant returns and notifications to the regulators
  • Correspond and meet with regulators as required
  • Specialist projects as agreed with the Partners to support the requirements of the business
  • Operate on a daily basis within the ISO 9001 Quality Management System.Understand the requirements of the ISO 9001 Quality Management System and maintain a good working knowledge
  • Review of all internal disclosures in the light of all available relevant information, determine the substance and, if appropriate, disclose externally to the FIU. Maintain all related records
  • Provide guidance on how tipping off the customer can be avoided if a disclosure is made, and manage any resulting constructive trust scenarios appropriately
  • Provide support and guidance to the Board and senior management to ensure money laundering and terrorist financing risks are adequately managed
  • Liaise with the FIU, FSA or other appropriate Regulatory Authority and participate in any third-party enquiries in relation to money laundering or terrorist financing prevention, detection, investigation or compliance
  • Provide reports and other information to senior management as required

Person Profile

  • Experience in a similar role and/or compliance environment
  • Hold relevant compliance qualifications or be studying towards them
  • Detailed knowledge of the FSA Guidelines, Rule Book and requirements
  • Current knowledge of Anti-Money Laundering Guidelines
  • Relationship management and interpersonal skills
  • Communication, influencing and negotiating skills
  • Proven business development skills
  • Policy development and implementation
  • Presentation skills and PC literate with PowerPoint, Excel and Word skills
  • Professional and positive approach
  • Self-motivated
  • Strong in building relationships and able to communicate at all levels
  • Team player, but also able to work on own initiative
  • Dynamic and creative

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