Assistant Manager - Portfolio Supervision

Job reference: O912953Closing date: 2026-11-28OverviewWe are currently seeking an Assistant Manager (Portfolio Supervision) for our Douglas-based Client, a leader in fiduciary services, fund administration, and management and investment advice compliance.The primary responsibilities of the Assistant Manager will be to assist senior staff in the Portfolio Supervision Division by undertaking a range of activities including processing DNFBP applications and assessing individuals proposed for Controlled Functions and Specified Persons. Other duties will include:Provide assistance in identifying and preparing published guidance recommendations across all areas of regulated activity.To assist in maintaining the Division's procedural framework and collaborate with other Supervisory Divisions where appropriateUndertake the role of Risk Champion for the Portfolio Division in line with the Enterprise Risk Methodology, Policy and frameworkConduct fitness and propriety assessments on applicants and those seeking to hold Controlled FunctionsAssist in undertaking effective and efficient processing of licence applications, against licensing policies, including preparing recommendation papers for licensing meetingsParticipate in meetings with potential new applicants to the organisation / regulated entities wishing to extend permissions / individuals seeking to hold Controlled Functions, and ensure that the contents of meetings are accurately recorded and, where necessary, resulting action points are followed-up onProvide assistance in identifying and preparing policy and guidance recommendations across all areas of regulated activityAssist with creating and maintaining a framework of procedures for the Supervision Team (Portfolio) and support HMI with their framework where appropriateSupport the Senior Manager (Portfolio Licensing and Enablement Team) with regular and ad hoc Board and committee reporting as appropriateImplement and manage the Division's Internal Risk Libraries (including RCSAs), Business Impact Assessments and Business Continuity Plans, in conjunction with the organisation's Policy & Risk DivisionDraft and obtain appropriate approval for responses to requests for information from other regulators and from other authorities, in accordance with the relevant legislation, procedures and the organisation's data protection policyTake a proactive stance to communication with applicants in order to obtain required information, advise on progress and relay licensing decisionsEnsure all matters considered material to the discharge of the Division's duties and responsibilities are raised with the Senior Manager or Head of Division in a timely manner.Ensure efficient use of the organisation's resourcesEnsure internal systems and procedures are maintained and adhered to including the organisation'd pocedures and intelligence systems, where appropriateThe Ideal candidate for the role of Assistant Manager (Portfolio Supervision) will have:Previous relevant experience in either a financial services, compliance, regulatory, risk or audit roleAn awareness of Financial Services and associated legislation, regulation and guidance including trends and developmentsStrong analytical skills, ability to quickly and accurately assimilate information, to consider any associated risks and to summarise the information effectivelyAbility to work under pressure, manage a workload of varied complexity, to manage competing priorities and to deliver against deadlinesDemonstrates effective interpersonal, verbal and written communication skillsAbility to work on their own initiative as well as part of a teamGood working knowledge of Microsoft Office SuiteAbility to build and maintain working relationships with stakeholders at all levels including the ability to contribute to the subjectAbility to assist in preparing and conducting meetings with senior stakeholders both internally and externally