Compliance Officer / MLRO

  • Post Date: July 24, 2019
  • Isle of Man
Job Description

Duties and Responsibilities include:
– Active participation in the corporate governance of an IOM regulated TCSP(Trust and Corporate Service Provider) Class 4 and 5
– Responsible for ensuring all aspects of Compliance and AML codes are managed and group policies and procedures comply with codes and are adhered to
– Manage the risk profiling of the company’s operations, products and clients including consideration of external risk factors
– Maintain the risk profiles up to date by reviewing at least annually and more frequently if required and presenting to the board for approval
– Keeping fully abreast of IOM law, regulations and guidelines which might impact on the company, assess the impact on the company and advise the board accordingly with recommendations on action to be taken
– Assisting with potential acquisitions of business and review of client portfolios / corporate governance of target business

Skills and Experience Required:
– Current or prior approval by FSA in Compliance or MLRO role
– In depth knowledge of FSA regulations for the company and a willingness to acquire new knowledge on an ongoing basis
– Confident and articulate with strength of character to advise the board and senior managers to support and encourage a strong compliance culture commensurate with the organisations risk profiles
– An understanding of ‘risks’ and the ability to tailor the organisations corporate governance controls to ensure that these adequately cover the organisations risk profiles without being unnecessarily onerous
– Attention to detail
– A recognised compliance qualification
– Experience in the Trust and Company sector
– Willing to work as part of the team and assist where and when required outside of ‘compliance’