Compliance Advisor

Our client seeks a Compliance Advisor to join their team. Role Profile: Fulfil the Isle of Man FSA appointed role of Deputy Money Laundering Reporting Officer for the Class 1 license holder within the group; Fulfil the Isle of Man FSA appointed role of Money Laundering Reporting Officer 1; for entities registered as Designated Businesses; Actively work to ensure that there are adequate and effective controls in place to mitigate against regulatory, reputational, legal and operational risks; Support the Compliance Manager and the Head of Risk and Compliance and other Senior Managers in discharging their duties under the Controlled Function and Senior Managers Certification Regimes. Key responsibilities: Regulatory Oversight Develop and maintain a working knowledge of all applicable legislation, regulation and applicable codes of practice in the markets in which we operate (excluding company law and employment law);Carry out the appointed roles of MLRO (Designated Businesses) and DMLRO (Class 1) as designated under the Isle of Man FSA regulatory appointed position. Discharging formal duties and assisting the MLRO, as required. Review and analyse new legislation and regulation, engage with the business in order to assess the impact, plan the implementation of regulatory change and embed within company policies and procedures. Identify potential areas of compliance vulnerability and risk - develop/implement corrective action plan for resolution of problematic issues and provide general guidance on how to avoid or deal with similar situation in the future;Take ownership for the effective implementation of compliance related policies, including the maintenance of all registers and logs required by the FCA Sourcebook, and FSA Rulebook/Handbook (as applicable);Take ownership for allotted compliance monitoring as required, to ensure that controls are adequately designed and operating effectively to maintain compliance with all applicable law and regulation (this includes oversight of Partners compliance and conduct control framework).ReportingSupport effective issues management, taking ownership and ensuring issues managed in a timely and effective manner. You will advise and provide effective solutions and when appropriate, escalate. Accurate reporting for open and closed risks;Provide management, ARCC and Board with an opinion on the internal regulatory controls within the IoM / UK through regular and appropriate reporting;Maintain and analyse key risk data in order to inform and support reporting on internal regulatory controls;Manage a register of FSA regulatory returns and notifications, ensuring that submissions are planned and owned within the wider team, and delivered in an accurate and timely manner;Manage all ad hoc notification, consent or registration requirements relating to the companies registered with the FSA, using specialist external support where appropriate.Review and assess internal disclosures and take ownership of externalising disclosure to relevant authority (IoM FIU and/or UK NCA) where appropriate.Business SupportProvide ongoing advice and consultancy to the business in support of operating within regulatory guidelines and in ongoing compliance with all applicable laws and rules including Data...
If you have the required skills please apply online at searchandselect.com quoting reference number: 15294