Senior Manager, Compliance

To act as the Compliance Officer and MLCO for IQ-EQ (Guernsey) Limited, AUB Trustees (Guernsey) Limited and Provident Financial Services Limited. The individual’s primary responsibility is to ensure the compliance of the business with applicable regulation and to support and protect the business against fraud and money laundering risk, exposure to terrorist financing and proliferation, and related reputational risk.

Tasks:

• Organising and executing the IQ-EQ Compliance Monitoring Programme and working with the MLRO to enhance the IQ-EQ AML and CFT Policies, Procedures and Controls.
• Sanctions monitoring / auditing / investigation.
• Maintaining ML / FT registers.

Board Reporting

• Preparation of quarterly/periodic Board reports;
• Identifying areas of risk and in doing so preparing reports for the Board and Country Risk & Compliance Committee, as appropriate;
• Identifying and investigating matters that require reporting to Group governance bodies such as the Group Reputational Risk Committee;
• Monitoring thematic matters emanating from the GFSC and FIS, and making recommendations to the Board on steps required to address their content.

Policies, Procedures and Controls (PPCs)

• Ensuring that where required that regulatory developments from the GFSC, FIS and Group are considered and incorporated within the business’s PPCs;
• Co-ordinating announcements to and training of the business in respect of existing and updated PPCs, in conjunction with colleagues in other departments where appropriate;
• Ensuring that the impact of changes to PPCs is reflected in the business risk assessment where appropriate.
• Responding to business internal queries, for example, those relating to the Handbook for Countering Money Laundering and Financing of Terrorism (the Handbook), Sanctions or Group Compliance PPCs etc;
• To track and manage regulatory changes/new regulatory requirements and amend PPCs as required;
• Lead project teams to manage new regulatory changes or new business activities, as may be required from time to time;
• Maintaining oversight of all internal/external audits and GFSC onsite visits;
• Drafting local compliance and AML/CFT/CPF policies and procedures, as may be required.

Annual Returns / Thematic Reviews / FIS and GFSC enquiries

• Timely submission of annual and periodic GFSC returns;
• Attending to GFSC industry thematic reviews;
• Handling requests and queries from regulators/auditors.

Central Compliance

• Assist the board in the maintenance and continuous improvement of the firm’s AML/CTF/CPF Business Risk Assessment and operational risk assessment;
• Ensuring that all relevant records and registers are maintained;
• Conducting compliance training as required by the business;
• Ensuring that staff complete all mandatory compliance training and declarations;
• Initiate and deliver / liaise with Group Learning and Support to ensure additional training is provided as required, for example; fraud, cyber, ABC, etc;
• General compliance reporting to local and Group management;
• Management of the business to comply with its obligations under the applicable laws, rules, regulations etc;
• Consider on a regular basis, at least annually, assess the adequacy and effectiveness of the measures, policies and procedures, as well as the actions taken to remedy any deficiencies in the business’ compliance with its obligations;
• Establish effective working relationships with members of the regional and Group Risk and Compliance framework, and with counterparts in other jurisdictions.

Team management

• Act as line manager to members of the private wealth compliance team;
• Carry out everyday conversations, mid year and year end reviews;
• Seek out opportunities to develop and grow team members;
• Provide advice, mentoring and training to junior members of the compliance team.

Qualifications

• ICA Diploma or equivalent;
• Evidence of Continued Professional Development;
• Membership of relevant Financial Institute is desirable;
• Previous Compliance experience at Manager / Senior level;
• Previous experience of holding prescribed positions;
• Computer / program knowledge:
  • Strong Microsoft Office skills;
  • Experience of using screening tools such as WorldCheck;
  • Experience of interrogating and generating reporting from administration systems.

Additional information

At IQ EQ Group we want you to reach your full potential. We offer an inclusive and diverse environment to support your career aspirations with a strong emphasis on continuous learning and a holistic approach to your professional and personal development. We also offer opportunities across our service lines and our international network of offices.

Company description

IQ-EQ is part of a leading Investor Services group which combines global expertise with an unwavering focus on client service delivery. We support fund managers, global companies, family offices and private clients operating worldwide.

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