Head of Compliance | IOM | 12mth FTC

PURPOSE OF THE ROLE

The local Head of Risk and Compliance | Isle of Man (IoM) is responsible for overseeing all aspects of statutory and regulatory compliance. This includes developing, implementing, and maintaining local policies and procedures that enhance service quality and ensure consistent adherence, monitoring, and review. The role aims to uphold the highest standards of service at all times and to undertake any additional duties reasonably required.

The postholder will work closely with Group Risk and Compliance to ensure that all Group Minimum Compliance Standards are fully met.

MAIN RESPONSIBILITIES

• Act as the designated Compliance Officer and Money Laundering Reporting Officer (MLRO/DMLRO).
• Advise the Board, Executive Committee, Risk Committee, managers and staff on regulatory, governance, and risk matters.
• Lead and manage the Compliance Team, ensuring effective workload allocation, development, and cross‑training.
• Oversee KYC/Customer Due Diligence (CDD), business acceptance reviews, and preparation of submissions for board sub‑committees.
• Maintain robust compliance monitoring systems, ensuring timely file reviews, audits, and monitoring activities.
• Develop, update, and implement local policies and procedures aligned with Group Minimum Standards.
• Manage relationships with local regulatory bodies and act as the principal point of contact.
• Maintain key compliance registers and ensure accurate, up‑to‑date records.
• Deliver training on regulations, AML, internal policies, governance, and risk management.
• Prepare compliance reports, attend management meetings, and stay current with regulatory developments through seminars and industry events.