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Overview

We are currently seeking a Senior Manager (Portfolio Supervision) for our Douglas-based Client, a leader in fiduciary services, fund administration, and management and investment advice compliance.

The Senior Manager - Portfolio Supervision will:

• Manage and lead the team to ensure effective and efficient supervision of groups and individual regulated / registered entities for which the area is responsible, from application / registration and ongoing throughout the life cycle of the regulated activity
• Working with the Head of Portfolio Division, prepare and coordinate effective delivery of the organisation's policies and procedures and the Division's supervisory programme in line with the Supervisory Methodology Framework
• In consultation with the Head of Portfolio Division, implement a detailed industry outreach programme of events, aligned to the organisation's policies and supervisory programme, and drive the completion of the programme
• Oversee the execution of the supervisory methodology framework and work with other Senior Managers to ensure a consistent approach across the organisation, identifying potential process improvements when appropriate
• In consultation with the Head of Portfolio Division, establish a full suite of data analysis reports and oversee the division's monitoring, review and analysis of this reporting to drive the correct regulatory focus for the Portfolio Division
• Maintain and enhance the overarching Sectoral Risk Ratings (excl AML/CFT Risk) relevant to the portfolio of licence holders, in consultation with the Division's Senior Management Team
• Oversee, advise and assist the officers of the Division to draft formal papers and documents, and seek approval from the Head of Division, for all matters referred to the organisation's Board and Committees, Governance Panels, Application and Review Meetings and matters to be approved under Delegated Organisation
• Ensuring all matters are presented in a balanced and proportionate manner and includes all available, relevant and fact-based information required to support and enable an effective decision-making process
• Lead or otherwise participate in business meetings with prospective applicants, regulated entities and individuals, including those proposed for or holding controlled function roles, ensuring that the contents of meetings are accurately recorded and, where necessary, resulting action points and remediation are followed up to completion
• Oversee the handling of returns, breaches, complaints and errors by regulated entities ensuring matters are logged and risk rated and, where appropriate, reported to the Head of Portfolio Supervision and manage remedial action to address in a timely manner
• Develop and maintain effective relationships with other regulatory agencies, relevant industry bodies and government agencies, including delivering and participating in industry forums, presentations and other relevant engagements as an ambassador for the organisation.
• Deal with public enquiries (including complaints against regulated entities) in a courteous and constructive manner
• Ensure all matters considered material to the discharge of the Division's duties andresponsibilities are raised with the Head of Division in a timely manner
• Review and contribute to proposed new, and changes in existing, legislation and supervisory policy
• Provide effective leadership and business management within the organisation including managing and developing staff effectively and ensuring efficient use of the organisation's resources

The Ideal candidate for the Senior Manager - Portfolio Supervision - will have:

• Extensive relevant industry experience in an operational, compliance, assurance, risk or audit role
• Hold a relevant professional qualification
• Proven experience in a leadership/management role
• Extensive working knowledge of Financial Services sector and associated legislation, regulation and guidance including understanding of the broader finance industry including trends and developments
• Strong people management, coaching and leadership skills including the ability to manage through people to deliver the organisation's objectives
• Proven ability to build and maintain working relationships with stakeholders at all levels including the ability to influence and negotiate
• Strong analytical skills, ability to quickly and accurately assimilate information, to consider any associated risks and to summarise the information effectively
• Ability to prepare, lead and conduct meetings with senior stakeholders both internally and externally including dealing with difficult/contentious issues and having the ability to challenge on these