Compliance Manager & DMLRO

Our client seeks a highly motivated and experienced Compliance Manager & Deputy Money Laundering Reporting Officer (DMLRO) to join their team.

The ideal candidate will be an expert in Isle of Man regulatory requirements and will be able to provide expert guidance on regulatory compliance while ensuring the organisation meets its obligations.

Key Responsibilities

1. Undertake mapping exercises between regulations and internal processes when regulations change.
2. Supporting and deputising for the MLRO, undertake and thoroughly investigate suspicious activity, produce reports based on this and engage with external authorities where appropriate.
3. Undertake deep dive and routine monitoring exercises in line with the Compliance Monitoring Plan (CMP). Support the Head of Risk & Compliance with the development and reporting of the CMP.
4. Track and maintain the register of operational risk incidents and breaches, ensuring issues are appropriately escalated and resolved.
5. Support the Head of Risk & Compliance in developing and delivering tailored training programs on regulatory matters to employees, ensuring a focus on fostering a culture of compliance through education.
6. Review and maintain compliance policies and procedures, ensuring they align with local regulations and international and group best practices.
7. Support the organisation in understanding and complying with Isle of Man data protection requirements, providing guidance on data protection matters when required.
8. Support the Head of Risk and Compliance with delivering the ongoing management and enhancement of the Enterprise Risk Management framework, liaising with Group colleagues where appropriate.

Key Skills & Requirements

1. Professional qualification equivalent to the ICA Diploma in AML or Governance, Risk and Compliance or willingness to undertake one.
2. Strong working knowledge of risk and Isle of Man regulatory requirements.
3. Very good practical experience in undertaking investigations of suspicious activity.
4. Experience in using a variety of business software applications.
5. Proven experience as a Deputy Money Laundering Reporting Officer.
6. Experience in undertaking Compliance Monitoring or Internal Audit exercises.
7. Able to operate with minimal supervision.
8. Excellent communication (verbal and written) with effective interpersonal skills.
9. Strong analytical and investigative abilities.

Quote job ref: 15599