At a Glance
- Tasks: Lead compliance efforts and mitigate financial crime risks while shaping a strong compliance culture.
- Company: Join a dynamic team focused on regulatory strategy and compliance excellence.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Collaborative environment with opportunities to engage with stakeholders and enhance your skills.
- Why this job: Make a real impact in compliance and influence regulatory strategies in a key role.
- Qualifications: Relevant qualifications or experience in Compliance, Risk, or Financial Crime Compliance.
The predicted salary is between 60000 - 80000 £ per year.
Our client seeks an experienced Compliance Manager & DMLRO to join their team.
This is a fantastic opportunity for a seasoned compliance professional to play a key role in protecting the business, influencing regulatory strategy, and shaping a strong culture of compliance.
Key Responsibilities
- Provide compliance support across the Group, ensuring adherence to applicable regulatory requirements.
- Hold the Isle of Man FSA‑appointed Deputy Money Laundering Reporting Officer (DMLRO) role for the Class 1 licence holder, supporting and deputising for the MLRO.
- Maintain effective controls to mitigate financial crime, regulatory, operational, and reputational risks.
- Monitor and interpret regulatory developments, implementing changes to policies, procedures, and business practices.
- Review and manage Suspicious Activity Reports (SARs), respond to law enforcement requests, and liaise with regulators and competent authorities.
- Identify compliance risks, support monitoring and testing programmes, and oversee remediation of identified issues.
- Maintain regulatory registers, prepare regulatory returns, and support risk reporting and governance activities.
- Provide compliance advice to the business, including support for projects, higher‑risk relationships, marketing approvals, and regulatory inspections.
- Deliver compliance training, promote a strong risk and compliance culture, and support the Risk Management Framework.
- Ensure complaints handling meets Isle of Man and UK regulatory requirements while maintaining effective relationships with stakeholders across the business.
- Key Skills and Experience
- Hold a relevant professional qualification, or have demonstrable relevant industry experience (for example in Financial Crime Compliance, Compliance, Risk, Audit).
- Working knowledge of IOMFSA Rules.
- Systematic approach to work with demonstrable ability to work independently and deliver to deadline, whilst maintaining attention to detail.
- Regulatory change management – ability to assess impact, produce implementation plans, track actions to closure, and evidence embedding (policies, controls, training, quality assurance).
- Strong verbal and written communication skills.
- Practical understanding of CDD/EDD, PEPs, sanctions screening, transaction monitoring oversight, SAR decisioning/escalation pathways.
- Stakeholder management – ability to confidently challenge 1st line whilst maintaining constructive relationships.
- Experience coordinating with internal/external audit, responding to findings, and evidencing closure.
- Working knowledge of the UK FCA and PRA Rules, particularly in relation to Banking and lending would be desirable.
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Compliance Manager & DMLRO in Douglas employer: Search-Select LTD
Search-Select LTD is an excellent employer, offering a dynamic work environment on the Isle of Man where compliance and risk management are at the forefront of business operations. With a strong focus on employee growth and development, we provide opportunities for professional advancement while fostering a collaborative culture that values integrity and innovation. Join us to make a meaningful impact in a thriving industry and enjoy the unique advantages of working in a picturesque location.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Manager & DMLRO in Douglas
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Search-Select LTD looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Manager & DMLRO in Douglas
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Search-Select LTD. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Search-Select LTD
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Search-Select LTD’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
