Isle of Man 01624 617577 / Manchester 0161 464 8921 /
Menu

I am a Job Seeker looking for work

Signup with our easy to use form and keep us up to date with your details so we can find the right job for you

Register now →

I am an Employer looking for talent

Let us know your exact requirements and we will find you a perfect candidate for your role

Get in contact ↓

Search our job database

×

MLRO / Head of Compliance (O912017)

Douglas, Isle of Man

Compliance & Risk

Salary DOE plus excellent benefits

Full time / Permanent

Add to shortlist + Remove from shortlist

Job description

Overview

Our Client is a well established Douglas-based organisation that offers a comprehensive suite of accountancy and wealth management services.They now require an experienced MLRO / Head of Compliance to join and play a leading role, reporting directly to the board.

The MLRO will be responsible for:

  • Fulfil the FSA controlled functions of Head of Compliance and Money Laundering Reporting Officer for the trust and corporate service provider business
  • Oversee the operational and day to day compliance strategy and processes of the business
  • Provide support to the Directors with regulatory oversight activities and regulatory reporting including AML/CFT matters
  • Provide ongoing advice and support to the business on regulatory compliance and AML/CFT matters
  • Develop and maintain the company's relationship with the Financial Services Authority
  • Cooperate and act as a contact point with the Financial Intelligence Unit. Receipt, review, investigate and, if appropriate, externalise internal Suspicious Activity Reports
  • Identify and implement developments to the business compliance and AML/CFT framework
  • Support the maintenance of the risk management framework for the business
  • Identify changed business risks and support the development, delivery and reporting of the compliance monitoring programme
  • Coordinate the delivery of regulatory change initiatives impacting the businesses
  • Ensure that regulatory requests, reports and other official communications are responded to and handled appropriately and promptly
  • Maintain the Compliance and AML/CFT manuals, policies and associated documentation
  • Maintain the registers required under the Financial Services Rule Book and the AML/CFT Code
  • Prepare and develop industry specific regulatory, AML/CFT and other relevant training for staff
  • Review higher risk new business and support the business control team on AML/CFT matters
  • Oversee the periodic client review process
  • Act as Data Protection Officer for the company and provide ongoing advice and support to clients on compliance matters
  • Ensure knowledge of all relevant legislation, associated regulations and guidance is up-to-date with recent developments

The ideal candidate for the MLRO / Head of Compliance role will have:

  • A wealth of experience working within the requirements of the Financial Services Act, the Financial Services Rule Book, the Isle of Man anti money legislation, the Data Protection Act and GDPR
  • 5 GCSEs or equivalent at grade C or above.
  • Holds the ICA Diploma in Compliance / Governance, Risk and Compliance
  • Previous experience in a similar role in an Isle of Man FSA regulated business

Apply for this job

Required fields

Required

Required

Required

Recommended
Recommended fields
Recommended

Choose a CV from your account

  • No resume attached

Maximum filesize 10mb. Allowed file types: .pdf,.doc,.docx,.wpf,.xls,.txt

Required field