Job description
Overview
Our Client is a leading financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities - plus the chance to work alongside some of the sector's most talented, motivated professionals. Their clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions.
A requirement has arisen for an experienced MLRO to join their Isle of Man office on a fixed term contract basis.
Role Profile
- Guide the business in identifying and analysing all Money Laundering, Sanctions, Terror Financing, Bribery and Corruption and Facilitation of Tax Evasion risks within the bank and its processes and the development of remedial actions
- Facilitate Anti-Money Laundering (AML) & Counter Financing of Terrorism (CFT), Sanctions, Anti-Bribery and Corruption (ABC) and Prevention of Facilitation of Tax Evasion (PFTE) risk assessments with a view of understanding the key threats and devising controls to mitigate the same
- Participate in effective governance structures, where relevant within the Isle of Man in order to meet the requirements imposed by governmental bodies, regulators, industry mandates or internal policies, inter alia GFFC-, Project- , and/or Business Steering Committees, Management Committees, Client Risk Committees, Client Data Forums, GFCC Working Committees, Business Risk and Governance Committees, Business New & Amended Products and Services Committees, Group Risk Oversight Committee, etc.
- Steer business initiatives through identification of Financial Crime Compliance deficiencies and guiding business in determining appropriate remedial action plans across Client Segments and Client Solutions within the Isle of Man
- Provide input and support to the Head of Compliance within Isle of Man and Head of AML to ensure high quality reporting and assurance to the relevant Boards, Executive Management, Audit Committees, the Regulator and other relevant forums
Person Profile
The role requires a leader seasoned and expert in Compliance with profound knowledge of the full dimensions of the field, but deep expertise in the relevant area of specialisation. Regulatory environment savvy, a proven track record in influencing seasoned leaders and employees within a specific country and business areas to effectively implement compliance frameworks.
Compliance
- Compliance Risk Management: Experience Required: 8-10 years
- Financial Crime Compliance in the banking or financial industry
- FCC frameworks, risk assessments and risk-based approach to compliance
- Strategic planning and operationalisation
- Banking Products, Processes, Systems and Data
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