At a Glance
- Tasks: Lead compliance strategy and oversee AML/CFT processes for a dynamic trust and corporate service provider.
- Company: Join a forward-thinking company committed to regulatory excellence and integrity.
- Benefits: Attractive salary, professional development opportunities, and a supportive work environment.
- Other info: Opportunity for career advancement in a fast-paced, evolving sector.
- Why this job: Make a significant impact in compliance while working closely with industry regulators.
- Qualifications: Experience in compliance and AML/CFT, with strong analytical and communication skills.
The predicted salary is between 70000 - 90000 £ per year.
Our client seeks a Head of Compliance and Money Laundering Reporting Officer to join their team.
Role Profile: You will be responsible for fulfilling the FSA controlled functions of Head of Compliance and Money Laundering Reporting Officer for our trust and corporate service provider business. This will involve overseeing the operational and day to day compliance strategy and processes of the business.
Key Responsibilities:
- Providing support to the Directors with regulatory oversight activities and regulatory reporting including AML/CFT matters
- Providing ongoing advice and support to the business on regulatory compliance and AML/CFT matters
- Developing and maintaining our relationship with the Financial Services Authority
- Cooperating and acting as a contact point with the Financial Intelligence Unit
- Receipt, review, investigation and, if appropriate, externalising internal Suspicious Activity Reports
- Identify and implement developments to the business compliance and AML/CFT framework
- Supporting the maintenance of the risk management framework for the business
- Identifying changed business risks
- Supporting the development, delivery and reporting of the compliance monitoring programme
- Coordinating the delivery of regulatory change initiatives impacting the businesses
- Ensuring that regulatory requests, reports and other official communications are responded to and handled appropriately and promptly
- Maintaining the Compliance and AML/CFT Manuals, policies and associated documentation
- Maintaining the registers required under the Financial Services Rule Book and the AML/CFT Code
- Preparation and development of industry specific regulatory, AML/CFT and other relevant training for staff
- Review of higher risk new business and support to the business control team on AML/CFT matters
- Oversight of the periodic client review process
- Providing ongoing advice and support to clients on compliance matters
- Ensuring knowledge of all relevant legislation, associated regulations and guidance is up-to-date with recent developments
- Any other compliance related duties that may be required from time to time
Head of Compliance & MLRO 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.
