At a Glance
- Tasks: Analyse compliance risks and customise risk management plans to ensure adherence.
- Company: Join a reputable organisation focused on regulatory compliance and risk management.
- Benefits: Professional growth, training opportunities, and a collaborative work environment.
- Other info: Great chance to develop skills in regulatory oversight and policy creation.
- Why this job: Make a real impact in maintaining the jurisdiction's reputation and enhancing compliance standards.
- Qualifications: 5-7 years in Compliance with a degree in Audit, Business Commerce, or Legal.
The predicted salary is between 49500 - 60500 £ per year.
This role focuses on executing Compliance Risk Management processes and activities within a specific business or functional area, ensuring compliance to mitigate operational losses, fines, penalties or reputational risks.
The position requires candidates who are eligible to work in the Isle of Man and does not offer relocation or sponsorship.
The ideal candidate should possess a sound knowledge of the relevant regulatory requirements and developments applicable to their business area, along with a solid understanding of banking products and activities.
Candidates must have a minimum of five to seven years’ experience in Compliance, with qualifications ideally including a first degree in Audit, Business Commerce, or Legal.
The duties include analysing operational activities, customising risk management plans, identifying control gaps, and delivering compliance training tailored to the functional area.
Job Duties
- Analyse the operational activities within a functional area to identify compliance risks and ensure adherence to relevant compliance frameworks and standards.
- Customise and maintain generic risk management plans (RMPs) to fit the regulatory context of the functional area.
- Proactively identify and address gaps in controls, processes, and procedures, and advise on and monitor remediation plans to rectify any shortcomings.
- Review compliance training materials to ensure relevance and effectiveness in conveying compliance requirements, and conduct bespoke face-to-face training as necessary.
- Review compliance frameworks, standards, and procedures within the functional area, advising on necessary customisation or amendments.
Job Requirements
- Minimum of a first degree in Audit, Business Commerce, or Legal.
- 5-7 years’ experience in a Compliance role.
- Expert knowledge of relevant regulatory requirements and upcoming developments.
- Solid understanding of banking products and activities.
What You’ll Love
This role offers the chance to play a key part in maintaining and enhancing the jurisdiction’s reputation.
You will work in a collaborative environment with opportunities to develop your skills in regulatory oversight, policy creation, and risk-based supervision.
The organisation values professional growth and offers ample opportunities for training and career development.
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Regulatory Compliance Officer employer: Itchyfeet Recruitment Agency
Itchyfeet Recruitment Agency is an exceptional employer, offering a dynamic work culture that prioritises collaboration and professional growth. Located in the United Kingdom, employees benefit from a supportive environment that encourages impactful contributions while ensuring compliance and excellent customer service. With opportunities for continuous development and a focus on sustainable growth, this role is perfect for those looking to make a meaningful difference in the insurance sector.
Contact Details:
Itchyfeet Recruitment Agency Recruitment Team
