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Overview

Our Client, a leading boutique Trust and Corporate Service Provider, is seeking an experienced Head of Compliance for their busy practice and services division.

Reporting directly to the Board, the Head of Compliance will be:

• Managing the Compliance Department with all aspects of client compliance and supervising tasks through to completion
• Overseeing the maintenance of the firm's policies and procedures and compliance manuals and updating as appropriate
• Keeping up to date with relevant regulation and legislation and assisting the Board with regulatory consultations
• Review of quarterly compliance reports for the Board and attendance at the Quarterly Compliance meetings, ensuring the follow up of matters arising; exception reporting and monitoring
• Assisting the Deputy MLRO and MLRO to ensure compliance with AML/CFT legislation and guidance and overseeing the arranging/preparation of AML training
• Overseeing the preparation and submission of regulatory returns
• Ensuring compliance with all regulatory requirements and deadlines
• Liaise with the IOMFSA and attend the AML Committee and the Data Protection Committee, following up matters arising
• Perform regular monitoring of high risk clients
• Risk assessing Politically Exposed Persons (PEPs) and maintaining the PEP register
• Maintenance of compliance registers and breach investigations
• Providing ongoing advice and support to staff in relation to all compliance matters
• Supervising compliance staff in relevant tasks and undertaking monthly reviews

The ideal candidate for the role of Head of Compliance will:

• Hold a professional qualification in compliance (i.e., ICA Diploma or equivalent)
• A minimum of 5 years' experience in a compliance role
• Good working knowledge of Financial Services Rule Book & the AML/CFT Code
• Experience of working within the TCSP industry
• Strong people leader who will see tasks through to completion
• Strong organisational skills and ability to work to strict deadlines
• Willing to take on responsibility and ownership of tasks
• Experience or a professional qualification in data protection / GDPR

Highly desirable:

• IOMFSA approval in a similar role