Senior Compliance Administrator

We are looking for an experienced Senior Compliance Administrator to join our Isle of Man team.

JOB DESCRIPTION

Key duties and responsibilities:

• Assisting the Compliance Department with implementing and monitoring appropriate measures, procedures, and internal controls to ensure the business is operating within the regulatory obligations and standards and assessing both the business and AML/CFT/CPF risks associated with client entities under administration.
• Review consultations and internal procedures to assist the Department with implementing appropriate amendments to internal frameworks to ensure compliance with the amended regulatory framework.
• Generally, stay abreast of all regulatory updates, amendments, and new laws and regulations relating to AML/CFT/CPF and associated matters along with their application to the Isle of Man Fiduciary Services Industry. Identify where changes and updates are required for internal procedures because of such matters and attend to the same in conjunction with Senior members of the Department.
• Assisting with completing the Compliance Monitoring Programme that monitors compliance with the internal and regulatory frameworks and provides regular reports to Key Compliance Stakeholders identifying deficiencies and recommending enhancements to the process as appropriate including monitoring of client entity files, managing Politically Exposed Persons exposure and high-risk file reviews.
• Working with the Compliance Department to review the FATCA/CRS classifications and preparing the filing information for filing with the authorities. Updating the relevant policies and procedures relating to FATCA/CRS.
• Working with the Compliance Department, assisting and ensuring the delivery and scheduling of Anti-Money Laundering training (online and face-to-face), including the administration of induction training and refresher programmes, and assisting with the continuing professional development of staff to ensure it is in line with current procedures.
• Maintaining the relevant registers in accordance with Regulatory and AML/CFT legislation and reporting any contraventions.   
• Supporting the Compliance Team when submitting relevant notifications to the IOM FSA as appropriate, acting as a point of contact between the business units and the relevant regulatory body for ad hoc and planned submissions, and assisting the Compliance Team with regulatory/supervisory visits, and follow-ups.
• Supporting the Compliance Assistant with their day-to-day activities and the oversight of the screening of parties connected to client entities and/or ensuring the effective operation of the screening tool.
• Responsibility for reviewing new business from a compliance perspective and ensuring that those entities have been appropriately risk-rated, and CDD/EDD has been undertaken.
• Working with the Compliance Assistant to oversee staff's day-to-day adherence to internal procedures to ensure appropriate reviews are undertaken on the client entities through spot checks.
• Provide advice, support and guidance on technical matters relating to internal compliance policy or technical interpretation of Isle of Man regulatory or AML/CFT legislation.

Qualifications:

• Minimum of 3-5 years of experience in a compliance role within the TCSP industry.
• Proven experience in regulatory compliance and risk management.
• Strong knowledge of AML/CFT/CPF regulations and compliance standards specific to the Isle of Man.
• Excellent organizational and multitasking skills.
• Strong attention to detail and problem-solving abilities.
• Relevant ICA qualifications such as Advanced Certificate in Compliance, Advanced Certificate in Anti-Money Laundering, or equivalent are preferred or willing to work towards this.

Skills:

• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Strong analytical and critical thinking skills.
• Proficiency in compliance management software and tools.
• Ability to manage sensitive information with discretion and confidentiality.

Benefits:

• Competitive salary and benefits package.
• Opportunities for professional development.
• Supportive and collaborative work environment.
• On-site Parking