Compliance Officer

  • Post Date: June 22, 2022
  • Isle of Man
Job Description

Role Responsibilities:
– Ensuring that regulatory requests, reports and other official communications are responded to and handled appropriately and promptly;
– Providing ongoing advice and support to the Group on regulatory compliance matters;
– Preparation of regulatory reports such as Annual Regulatory Return, Statistical Returns and Client Asset Report;
– Developing and delivering a new compliance monitoring programme;
– Assisting with the maintenance of regulatory registers;
– Monitoring and reporting changes to the compliance environment;
– Supporting the maintenance of the risk management framework for the business;
– Preparing business risk assessments;
– Preparation of monthly compliance reports to the Board;
– Maintaining Compliance Manuals, policies and associated documentation;
– Maintenance of the online portal for Designated Businesses;
– Providing cover to the Compliance Assistant to ensure new business and client due diligence meets internal standards and regulatory requirements, including giving advice to the administration teams;
– Providing proactive support in the identification and implementation of developments to the business compliance framework;
– Identifying new or changed compliance risks;
– Coordinating the delivery of regulatory change initiatives impacting the businesses;
– Contributing to the preparation, development and delivery of regulatory training;
– Assist with and prepare for regulatory or oversight visits and external audits;
– Ensuring compliance knowledge is always kept up-to-date with recent developments, such as: Financial Services Act, AML/CFT Code, Data Protection Act, Designated Business Act, Bribery Act, etc;

Skills & Experience Required:
– We are primarily looking for someone with experience working within the requirements of the Financial Services Rule Book and the AML/CFT Code, with at least 5 years’ experience.
– 5 GCSEs or equivalent at grade C or above
– Certificate or Diploma in Compliance is desirable but not essential as previous experience in the role is key
– Attention to detail
– Excellent interaction skills
– Excellent communication skills
– Able to work on their own initiative
– Able to work under pressure and to strict deadlines
– Able to prioritise work
– Proactive
– Excellent organisational skills
– Discretion


Phone 01624 615600