Head of Compliance

Orchard Recruitment View all jobs

Douglas, Isle of Man
Permanent
Full-time

1 month ago
Apply easily

Job descriptionOverviewOur Client, a large firm of Chartered Accountants and TCSP is seeking a Head of Compliance to join their busy general accountancy practice and corporate service provider.In this role you will play a crucial part in ensuring robust compliance procedures are maintained across the business and various divisions, and will be a key member of the management team.As Head of Compliance here you will be:

Managing the Compliance Department with all aspects of client compliance and supervising tasks through to completion
Overseeing the maintenance of the firm's policies and procedures and compliance manuals and directly updating as appropriate
Keeping up to date with relevant regulation and legislation and assisting the Board with regulatory consultations
Directly implementing the Compliance Monitoring Plan for the firm
Review of quarterly compliance reports for the Board and attendance at the Quarterly Compliance meetings, ensuring the follow up of matters arising; exception reporting and monitoring
Assisting the Deputy MLRO and MLRO to ensure compliance with AML/CFT legislation and guidance and overseeing the arranging/preparation of AML training
Overseeing the preparation and submission of regulatory returns
Ensuring compliance with all regulatory requirements and deadlines
Acting as primary point liaison with the IOMFSA
Attending the signoff Committee meetings and the Risk Committee meetings, following up matters arising
Perform regular monitoring of high-risk clients
Risk assessing Politically Exposed Persons (PEPs) and maintaining the PEP register
Maintenance of compliance registers and breach investigations
Providing ongoing advice and support to staff in relation to all compliance matters
Carrying out firm wide training as appropriate and relevant
Supervising compliance staff in relevant tasks and undertaking monthly reviews

The ideal candidate for the role of Head of Compliance will:

Hold a professional qualification in compliance
Be IOMFSA approval to act as HOC
Have longstanding experience as a HOC in the TCSP industry
Good working knowledge of Financial Services Rule Book & the AML/CFT Code
Experience of developing and directly implementing a Compliance Monitoring Plan
Strong people leader who will see tasks through to completion, whilst at the same time being fully involved in all aspects of day to day compliance work
Excellent interpersonal skills which enable the HOC to work effectively with all department members, and also to collaborate with external parties when needed
Strong organisational skills and ability to work to strict deadlines
Willing to take on responsibility and ownership of tasks
Methodical, with attention to detail

Orchard Recruitment