Head of Compliance & MLRO, Permanent, Isle of Man

PP10347
Executive Appointments
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Job Description

Head of Compliance & MLRO required to join a Financial Services Group in the Isle of Man offering Accountancy, Audits, Consulting, Advisory, Financial and Insurance Brokerage. The role is to head up the compliance department and oversee compliance and regulatory requirements..

The Role…
Ensure that the day-to-day operations of business are in line with the agreed operational and compliance procedures for the firm
Ensuring the operations of the firm adhere to the recent Anti-Money Laundering Guidelines
Supervise, monitor and develop the Senior Compliance Coordinator and Compliance Administrator
Perform internal compliance investigations and audits, throughout the firm, including compiling detailed reports to the Partners
Ensure that all financial transactions are recorded and are carried out in accordance with instructions received and within set time limits
Develop compliance training materials and perform ongoing compliance training throughout the firm and ensure that the procedures are maintained and worked to
Provide ongoing advice and resources to management for compliance issues and process monitoring and improvement, and work with management
Produce relevant returns and notifications to the regulators
Correspond and meet with regulators as required
It is a mandatory requirement to operate on a daily basis within the ISO 9001 Quality Management System
Understand the requirements of the ISO 9001 Quality Management System and maintain a good working knowledge
Awareness of how departmental procedures, documents and record keeping have a positive or negative effect on the ISO 9001 Quality Management System.
The review of all internal disclosures in the light of all available relevant information, determine the substance and, if appropriate, disclose externally to the FIU
Provide guidance on how tipping off the customer can be avoided if a disclosure is made
Provide support and guidance to the Board and senior management to ensure money laundering and terrorist financing risks are adequately managed
Liaise with the FIU, FSA or other appropriate Regulatory Authority and participate in any third-party enquiries in relation to money laundering or terrorist financing prevention, detection, investigation or compliance
Provide reports and other information to senior management as required


About you…
Previous experience in a similar head/senior lead compliance position
Hold or working towards a relevant professional qualification
From a similar industry background or within a regulated financial services environment
Detailed knowledge of the FSA guidelines, Role Book and requirements
Current knowledge of AML guidelines
Relationship management and interpersonal skills
PC literate with PowerPoint, Excel and Word

The Reward…
Competitive salary
Comprehensive benefits package
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