Senior Compliance Officer & Risk Manager

Job Type: Executive, Permanent

Location: Isle of Man

We are hiring a proactive Senior Compliance Officer to lead our AML/CFT-focused Compliance Monitoring Program and provide essential risk management oversight in a multi-category regulated TCSP and funds business.

This role emphasises compliance monitoring, regulatory horizon scanning, and risk management, with a strong expectation of contributing specialist insights to the Risk Committee.
You will bring an understanding of the regulatory environment affecting the Isle of Man and contribute to the business’s ability to respond to regulatory developments.
You will also assist in report preparation, attend committee meetings, and potentially act as the committee secretary depending on experience.
Reporting to the Head of Governance, Risk & Compliance (Group Chief Compliance Officer you will also deputise as needed.
This position offers a competitive salary reflective of Isle of Man quality business standards, with additional benefits including a 5% non-contributory pension, personal healthcare scheme, professional training support, and more after a successful probation period.
The role is a 35-hour work week (Monday-Friday), with 25 days holiday (excluding Isle of Man bank holidays), on-site parking, and access to an active social committee.
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Key Responsibilities
1. Compliance Monitoring Program Leadership and Regulatory Horizon Scanning
• Develop and lead the AML/CFT-focused Compliance Monitoring Program, ensuring it meets Isle of Man standards.
• Conduct regulatory horizon scanning to anticipate and address upcoming changes in AML/CFT requirements.
2. Risk Management and Risk Oversight
• Support business risk management efforts, with a strong understanding of the regulatory environment affecting the Isle of Man.
• Maintain and update the Risk Register, ensuring it accurately reflects the business’s current risk landscape.
3. Risk Committee Involvement
• Provide expert compliance input to the Risk Committee, assisting in report preparation and regular attendance.
• Serve as the committee secretary, if required, based on experience, to facilitate effective communication and documentation.
4. AML/CFT Compliance
• Act as a key resource for AML/CFT requirements, ensuring these are embedded within compliance documentation and practices.
• Provide insights into how regulatory changes impact business operations.
5. Corporate Compliance Oversight
• Support corporate compliance initiatives, promoting consistent risk management and regulatory alignment.
• Engage with directors and stakeholders to foster a proactive compliance approach.
6. Training and Support
• Deliver or support delivery of AML/CFT and risk management training, promoting a culture of compliance awareness across the organization.
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Requirements
• Education: Bachelor’s degree in Law, Finance, Business, or a related field.
• Certifications: Professional diploma in compliance or risk management certification preferred.
• Experience: Minimum 5 years in compliance or risk management, ideally with AML/CFT monitoring experience and the capability to deputise for the Head of Governance, Risk & Compliance (Group Chief Compliance Officer.
• Knowledge: Strong awareness of the regulatory environment affecting the Isle of Man, regulatory horizon scanning, and risk management frameworks.
• Skills:
o Strong analytical, report-writing, and stakeholder engagement abilities.
o Ability to serve as a proactive contributor to the Risk Committee, with a “can-do” attitude.
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Benefits
• Competitive salary based on experience, with a 5% non-contributory pension, personal healthcare scheme, and professional training support.
• 35-hour work week (Monday-Friday), 25 days holiday (excluding Isle of Man bank holidays).
• Car parking and an active social committee.

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