Compliance Officer

  • Post Date: August 2, 2019
  • Isle of Man
Job Description

Duties and Responsibilities include:
– Responsible/assisting with the AML, Risk and Compliance reporting,
– Oversee the company’s classification and reporting responsibilities for both U.S. & U.K. FATCA and the Common Reporting Standard reporting regimes for Director review,
– Assist with the undertaking of regular and ongoing risk assessments of the licence holders, highlighting any results directly to the board and addressing any risk areas identified throughout the process, either mitigating or avoiding the risks depending on their nature, scale and probability,
– Assisting with the submission of the licence holders annual regulatory returns as well as regularly liaising directly with the FSA in relation to their ongoing requests and queries,
– Assist with the maintaining, monitoring and reporting on the IOM Designated Non-Financial Business Register as well as undertake a specially designed monitoring program for designated businesses,
– Assist with maintaining the licence holders BR/DR Plan,
– Responsibility for assisting the firm’s E.U. General Data Protection Regulation preparations as well as ensure the company’s compliance with the IOM Data Protection Acts,
– Assisting with maintaining and monitoring all compliance registers, policies, procedures and submissions as required by the IOM financial services rule book and the AML code / handbook,
, Responsibility for assisting with the creation and ongoing modification of a number of procedures and processes that form part of the new business take on, ongoing client monitoring and AML checklists, along with new procedures setup in relation to outgoing payments and client money reconciliations,
-Assist the review of all processes, procedures and controls within the company to ensure that they not only match the requirements set out in the rule book but are as efficient and risk averse as possible,
– Assisting the MLRO / DMLRO with the maintenance of the STR Registers as well as assisting with any internal investigations in the event of either an Internal STR or ML/FT Enquiry from the Authorities,
– Provide assistance to the MLRO in maintaining the firm’s Anti-Bribery & Corruption Policy as well provide AML training sessions to staff,
– General ad hoc administration and provide cover for staff absences as necessary.