Job listings featured here have been automatically populated from the Job Centre Isle of Man. Locate Isle of Man are not responsible for managing this job feed. Please direct any enquiries to the Job Centre.
Head of Compliance
- Permanent, Full Time
- Douglas
- Closing in 23 days
- IFGL International HouseCooil RoadDouglasIM2 2SP
A permanent position has arisen for a compliance professional working within the Group Risk, Legal and Compliance team as Head of Compliance for RL360 Insurance Company and RL360 Life Insurance Company. The role which reports to the Group Chief Compliance Officer, will support and embed the regulatory risk framework in all business in the IFGL Group, with controlled function roles as Head of Compliance for RL360IC and RL360LIC. The role would suit an individual with a genuine interest in protecting the business, understanding the markets in which we operate and supporting the continuous improvement of our control environment.
The Head of Compliance is responsible for the identification and management of our regulatory compliance risks. The role has influence at all levels of seniority with direct access to all areas, management and the boards. Your primary responsibilities are to ensure that:
Our legal and regulatory obligations are identified and understood.
Our compliance strategy, policies, procedures and training are proportionate and commercially attuned.
Our sound compliance culture is nurtured in the business.
There is proactive engagement with senior stakeholders', including the Executive and the Boards.
To ensure that this role is carried out to the desired level, the successful candidate will need the following skills and experience:
Detailed knowledge of the customer, risk and financial drivers of the life and investment sector with relevant processional qualifications or broad experience in a key role.
Broad commercial experience and a good understanding of our markets and knowledge of financial services regulations and legislation.
Experience of undertaking compliance assurance reviews and compliance monitoring.
Experience leading the monitoring and implementation of regulatory change.
Sound understanding of different categories of regulatory risk from a technical and operational perspective.
Experience of operating in a multi-jurisdictional environment.
Experience of working in a business going through continuous upgrading, change and growth.
Track record for delivering timely and credible subject matter expertise.
Committed to mentoring and developing colleagues to [a] support succession planning; and [b] create capacity, contingency, resilience, expertise and a peer support group leveraging Heads of Compliance, MLROs Deputies and technical specialists.
Ability to represent the Group at trade body committees and government forums.
Experience of mergers and acquisition work is desirable.
This is an exciting opportunity that will provide the role holder with significant opportunities to engage with stakeholders across all areas of the business and at all levels. The role holder will be provided with ongoing support and development opportunities.
If you, or you know someone who is interested in applying for this position, please forward a current CV with a covering letter to careers@ifg-ltd.com
The closing date for this vacancy will be 28 February 2025.