Ocorian Isle of Man Isle Of Man
2 months ago
Ocorian delivers administration and compliance services for funds, corporate, capital markets and private clients.
No matter where in the world our clients' hold financial interests, or however they are structured or need to be supported, we will provide a tailored and personalised solution that is individual to their needs and fully compliant to the needs of their stakeholders, regulators and the investment itself.
We manage over 15,000 structures for 6000+ clients with a global footprint operating from 20+ locations. Our scale offers all our people great opportunities to develop their knowledge and skills and to progress their careers.
Purpose of the Role
To assist management and staff on Compliance matters, to help ensure that the day-to- day administration is delivered efficiently and effectively, in Compliance with all rules and regulations applicable.
Design, Deliver, Maintain and Complete a comprehensive Compliance Monitoring Plan and... regular reports to the Board of Directors.
As required by the Regulator, the post holder must be Isle of Man Resident. Remote working is not an option.
• Works with the Directors and Senior Management to ensure Ocorian Fund Services (Isle of Man) Limited (‘OFSIOML’) complies with all applicable Isle of Man laws, regulations, codes and guidance;
• Head of Compliance (R13) for OFSIOML;
• Facilitate and minute Executive and Risk Committee (‘ERC’) meetings. Responsible for reviewing the risk management and compliance of the business;
• KYC/Customer Due Diligence (‘CDD’) analysis, advice and support to operational team;
• Drafting and updating compliance procedures;
• Maintain and conduct an appropriate Compliance Monitoring Programme (‘CMP’) in line with Regulatory requirements;
• Oversee the maintenance of a variety of standard compliance registers;
• Point of Contact for the Regulator;
• Provision of timely and accurate reports to the Board;
• Ensure file reviews and audit checks are completed within service level agreements;
• Promote a positive compliance culture at all levels throughout the business, contribute to a programme of training and educational activities;
• Ensure own knowledge of compliance is up to date with recent developments and changes to legislation is maintained;
• Maintain personal CPD requirements in line with Regulatory and Professional Body requirements; and
• Any other duties that may be required from time to time.
Knowledge, Skills & Experience
• A minimum of 5 years’ experience within a compliance function;
• Holds a relevant compliance qualification, i.e. ICA Diploma;
• In-depth knowledge of the Collective Investment Schemes Act 2008; the Isle of Man Rulebook; AML/CFT Handbook and AML/CFT Code
• A good broad knowledge of the regulatory environment with a good understanding of Funds, functionaries and the regulatory and statutory requirements associated with them;
• Clear and accurate communication skills, both orally and written;
• A competent user of Microsoft packages;
• Constructive negotiating skills;
• An enquiring and analytical mind with good investigative skills;
• Strong interpersonal skills;
• Works well alone and as part of a team;
• Experience of working collaboratively with an international Group function is desirable;
• Pragmatic, approachable and independent; demonstrates determination where necessary; and
• Ability to work under pressure, prioritise workload and plan to achieve deadlines.
All our staff seek to embody our core values that underpin everything that we do and that reflect the skills and behaviours we all need to be successful. These are:
• We are AMBITIOUS - We think and act globally, seizing every opportunity to support our clients and staff - wherever in the world they may be.
• We are AGILE - Our independence from any financial institution gives us the flexibility and freedom to keep things simple, efficient and effective.
• We are COLLABORATIVE - We take the time to understand our clients' needs so that we can deliver personalised solutions every time
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