Our Douglas-based Client is a leading specialist provider of corporate and fiduciary services to a range of private and commercial Clients around the world. They now require a Senior Compliance Officer to join the team.
As a Senior Compliance Officer you will develop and lead a regulatory license-focused Compliance Monitoring Program and provide Board management support within their regulated TCSP and funds business. The role is pivotal in ensuring that compliance monitoring meets Isle of Man standards, with a focus on evidencing the key FSA-allocated, Board-delegated functions to the Head of Governance, Risk & Compliance (Group Chief Compliance Officer).
The role will be concentrated across the key areas outlined below:
Compliance Monitoring Program Development and Leadership
- Develop and lead a compliance monitoring program focused on regulatory license activities, ensuring alignment with Isle of Man standards
- Conduct regulatory horizon scanning to proactively identify changes impacting regulatory licenses
Regulatory Register Management
- Manage and maintain key compliance and regulatory registers, including Breaches, Conflicts, Complaints, Errors and incidents, Legal matters, and PEPs
- Ensure all registers meet regulatory requirements and are kept up-to-date, accurate, and accessible for reporting
Special Projects, FSA, and Audit Support
- Assist with special compliance projects and manage FSA and audit-related matters as delegated by the HoC (GCCO)
- Liaise with internal and external audit teams to provide necessary documentation and resolve compliance issues promptly
Governance and Risk Committee Action Support
- Provide governance oversight by monitoring and documenting compliance office controls
- Support the Risk Committee with tracking and reporting action items, ensuring timely follow-up and resolution
Board and Committee Presentation Support
- Assist the HoC (GCCO) with preparing regular Board presentations and provide support for reporting to group committees
- Ensure accuracy and timeliness in all compliance-related materials submitted to the Board and group committees
Compliance Office Control and Oversight
- Oversee daily compliance office functions, ensuring all operations align with regulatory standards and internal policies
- Support the implementation and maintenance of governance frameworks to ensure consistent compliance across the organisation
The ideal candidate for the role of Senior Compliance Officer will:
- Hold a Bachelor's degree in Law, Finance, Business, or a related field (or equivalent experience)
- Hold a professional diploma in compliance or Risk Management (e.g., ICA, ACAMS, CISI) preferred
- Has a minimum of 5 years' experience in a compliance role within a TCSP, funds, or regulated financial services environment, with experience in regulatory governance, compliance monitoring, and Board reporting
- Strong understanding of Isle of Man regulatory environment, FSA requirements, regulatory horizon scanning, and governance best practices
- Proficiency in compliance software and document management
- Strong analytical, organizational, and reporting skills
- Ability to support Board and committee reporting with a proactive, "can-do" approach to responsibilities
