As a member of the Isle of Man Compliance team, you will promote good compliance standards across the office by ensuring regulatory and financial crime regulations as well as Group compliance standards are adhered to. Your main focus will be the Compliance Monitoring Plan but the role will also involve assisting with wider compliance tasks to support continued development within the compliance environment. You may also be asked to provide support within the Isle of Man Compliance team or the wider Group, as required and dependent on experience.

Your duties will include:

• Working collaboratively with the Isle of Man Compliance team, ensuring timely delivery of all tasks.
• Undertaking compliance monitoring, according to the Compliance Monitoring Plan (CMP) for allocated operating entity, including:
  • Identifying any non-compliance with regulatory requirements, through CMP testing
  • Agreeing suitable action to be taken based on findings
  • Ensuring agreed actions are tracked though to completion
  • Producing CMP Reports of testing undertaken, action progress and completion
• Maintaining Compliance Registers for allocated operating entity, including breaches and pricing errors (if applicable), complaints, conflicts of interest, regulatory returns calendar and others as required.
• Providing advice to the business in relation to regulatory requirements, including policy, procedures and any changes. Ensuring any queries are responded to promptly.
• Preparing reports, including Compliance Reports to the Board, ensuring awareness of horizon scanning events, policy and procedure reviews, updates and approvals, and completion of returns (external reporting), as required.
• Assisting with horizon scanning, identifying relevant regulatory updates, and facilitating change through to implementation, in co-ordination with the manager responsible:
  • Identify and analyse regulatory changes and developments and undertake impact assessments
  • Prepare an action plan, in conjunction with relevant stakeholders, ensuring this is followed through to completion
  • Prepare reports on action plan implementation and progress
• Assisting with ensuring compliance policies and procedures are reviewed and updated as required in accordance with the review frequency set:
  • Identify updates from business processes or horizon scanning
  • Update policy / procedure, with input from relevant stakeholders
  • Prepare draft of updated policy / procedures
  • Track and manage updates through approval and completion
  • Keep policy / procedure review register up to date
• Promoting a positive compliance culture across the Isle of Man office and embracing changes as a path to development.
• Working closely with the Compliance Managers / Senior Managers to support improvements and best practices.

About you

You will be an enthusiastic individual, ideally with experience working in financial services or similar environment and a willingness to learn. The emphasis of this role will be on compliance tasks, with development in relation to financial services and financial crime regulation.

The following attributes would be advantageous:

• Previous experience in a similar role in financial services.
• Relevant professional qualification or working towards.
• An understanding of the Isle of Man regulatory environment.
• A high level of accuracy and attention to detail.
• Excellent written and verbal communication skills.
• Good interpersonal skills and the ability to work collaboratively within a team.
• Able to work independently with a proactive approach.
• Strong organisational skills with the ability to meet deadlines and targets.
• Appropriate level of judgement and logical approach to problem solving.

Personal qualities

• Integrity
• Inspires client and team confidence
• Adaptable and versatile
• Assertive and confident
• Discrete and tactful
• Emotional resilience
• ‘Can do’ attitude
• Role model
• Appropriate office conduct and attitude to work