AML, Risk And Compliance Officer

Job Description

Duties include:
Responsible/assisting with the AML, Risk and Compliance reporting
Oversee the company’s classification and reporting responsibilities for both US & UK FATCA and the Common Reporting Standard reporting regimes for Director review
Assist with the undertaking of regular and ongoing risk assessments of the licence holders, highlighting any results directly to the board and addressing any risk areas identified throughout the process, either mitigating or avoiding the risks depending on their nature, scale and probability
Assisting with the submission of the licence holders annual regulatory returns as well as regularly liaising directly with the FSA in relation to their ongoing requests and queries
Assist with the maintaining, monitoring and reporting on the IOM Designated NonĀ­ Financial Business Register as well as undertake a specially designed monitoring program for designated businesses
Assist with maintaining the licence holders BR/DR Plan
Responsibility for assisting the firm’s EU General Data Protection Regulation preparations as well as ensure the company’s compliance with the IOM Data Protection Acts
Assisting with maintaining and monitoring all compliance registers, policies, procedures and submissions as required by the IOM financial services rule book and the AML code/handbook
Responsibility for assisting with the creation and ongoing modification of a number of procedures and processes that form part of the new business take on, ongoing client monitoring and AML checklists. Along with new procedures setup in relation to outgoing payments and client money reconciliations, assist the review of all processes, procedures and controls within the company to ensure that they not only match the requirements set out in the rule book but are as efficient and risk averse as possible
Assisting the MLRO/DMLRO with the maintenance of the STR Registers as well as assisting with any internal investigations in the event of either an Internal STR or ML/FT Enquiry from the Authorities
Provide assistance to the MLRO in maintaining the firm’s Anti-Bribery & Corruption Policy as well as provide AML training sessions to staff
General adhoc administration and provide cover for staff absences as necessary