• MLRO / Head of Compliance Douglas
  • Website name in Douglas, , Isle Of Man
  • jobs
  • 1 week ago

jobs description

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
Douglas Isle of Man


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