Job Description
Our client who is a well established, excellent Fiduciary company on the island is seeking a new Compliance Administrator to join their office and be responsible for assisting the business in adhering to regulatory, AML/CFT, and other legislation on the Isle of Man, reviewing new business, undertaking spot checks, reviewing payments and reviewing the Intelligence Database and reporting on any findings to the Compliance Manager.
Role Responsibilities
– Assist the Compliance Department with implementing, monitoring and reviewing measures, procedures and internal controls to ensure the business operates within appropriate regulatory standards and complies with reporting obligations.
– Assist with assessing the business and AML/CFT risks associated with client entities under administration.
– Assist with reviewing consultations and internal procedures to implement appropriate amendments to internal frameworks to ensure compliance with the amended regulatory framework.
– Assist with completing the compliance monitoring programme for client entity files, managing Politically Exposed Persons and high-risk files, and conducting reviews for approval by Senior management and/or the Compliance Department.
– Assist with reviewing FATCA/CRS classifications and preparing the information for filing with the authorities. Updating the relevant policies and procedures relating to FATCA/CRS classification and submissions.
– Assist with screening of parties connected to client entities and/or ensuring the effective operation of the screening tool, which includes assisting offices with managing potential matches.
– Responsible for reviewing new business from a compliance perspective and ensuring that those entities have been appropriately risk-rated and CDD/EDD measure has been undertaken.
– Working with the Compliance Officer to oversee all staff members’ day-to-day adherence to internal procedures, to ensure appropriate reviews are undertaken on the client entities through spot checks, assisting with the provision of support and guidance on technical matters relating to internal compliance policies or technical interpretation of Isle of Man regulatory or AML/CFT legislation.
Skills & Experience Required
– 3+ years experience (ideally in the TCSP sector but not essential)
– Excellent communication skills
– Well organised with the ability to meet SLA’s
– Knowledge of AML / CFT legislation would be an advantage but not essential.
Salary & Benefits
The salary for this role is negotiable, dependent upon qualifications & experience so please get in touch with our team for further information.
This client also offers the following benefits package:
– Company Pension Scheme
– Private Helathcare Plan
– Free parking
– Death in Service benefit
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