Compliance Manager and Deputy Money Laundering Reporting Officer

Location: Isle of Man
Term: Permanent/Full (with scope for flexible working if necessary)

Essential functions and role responsibilities

1. Compliance Advisory - As a subject matter expect on Isle of Man regulatory requirements provide advice to the businesses on the businesses regulatory and internal policy obligations. Undertake mapping exercises between regulations and internal processes when regulations change.
2. Reporting - Supporting and deputising for the MLRO, undertake and thoroughly investigate suspicious activity, produce reports based on this and engage with external authorities where appropriate.
3. Compliance Monitoring - Undertake deep dive and routine monitoring exercises in line with the Compliance Monitoring Plan (CMP). Support the Head of Risk & Compliance with the development and reporting of the CMP.
4. Incident and breach Management -Track and maintain the register or operational risk incidents and breaches, ensuring issues are appropriately escalated and resolved.
5. Training and awareness - Support the Head of Risk & Compliance in developing and delivering tailored training programs on regulatory matters to employees, ensuring a focus on fostering a culture of compliance through education.
6. Policies and procedures - Review and maintain compliance policies and procedures, ensuring they align with local regulations and international and group best practices.
7. Data protection - Support the organisation in understanding and complying with Isle of Man data protection requirements providing guidance on data protection matters when required.
8. Enterprise Risk Management - Support the Head of Risk and Compliance with delivering the ongoing management and enhancement of the Enterprise Risk Management framework, liaising with Group colleagues where appropriate.

 Education/Certification

• Professional qualification equivalent to the ICA Diploma in AML or Governance, Risk and Compliance or willingness to undertake one (preferred).

 Required knowledge

• A strong working knowledge of risk and Isle of Man regulatory requirements.
• Very good practical experience in undertaking investigations of suspicious activity.
• Experience in using a variety of business software applications including Power BI or similar.

Minimum experience

• Proven experience as a Deputy Money Laundering Reporting Officer.
• Experience in undertaking Compliance Monitoring or Internal Audit exercises.

Skills/Abilities

• Self-motivated: Able to operate with minimal supervision.
• Communication: Excellent communication (verbal and written) with effective interpersonal skills.
• Problem-Solving: Strong analytical and investigative abilities using this to drive positive outcomes.
• Adaptability: Ability to thrive in a fast-paced, dynamic environment.
• Integrity: High ethical standards and integrity.

Terms

Permanent / Full (with scope for flexible working if necessary)

Salary & Benefits

£50,000 – £60,000 per annum

Competitive benefits package including private healthcare, pension and bonus scheme.

For more information, contact careers@caymannational.im