Part Time Compliance

Job Description

Our client is currently seeking a part time (20 hours) Compliance Officer to act as Head of Compliance (per the controlled function role as required by the FSA). Reporting directly to the Board, the primary role is to oversee the company’s compliance with the regulatory requirements.

Key responsibilities:
· Ensure the day to day operations of the business are in line with the operational and compliance procedures for the firm
· Ensure all corporate governance policies, manuals and procedures are fully documented and appropriate based on the company’s risk profiles. Reviewing as required to ensure they remain up to date with all regulatory updates
· Keep up to date with IOM law, regulations and guidelines which might impact on the company, assess the potential impact and advise the Board accordingly with recommendations on action to be taken
· Manage the risk profiling of the company’s operations, products and clients including consideration of external factors
· Establish and action internal compliance monitoring plans
· Ensure all appropriate registers are maintained and reviewed
· Manage, review and sign off on customer and intermediary due diligence
· Ensure all procedures are up to date including complaints, whistleblowing etc
· Provide compliance reports to the Board at board meetings
· Corresponding with the FSA and providing all notifications as required
· Manage and monitor regulatory visits
· Involvement on any ad hoc special projects as required

Skills and Experience
· In depth knowledge of FSA regulations for Class 4 and 5 licenceholder. Some Class 3 knowledge would also be an advantage
· Ability to be able to instil a strong compliance culture within the Company and having the strength of character to influence the Board
· An understanding of the risks facing the business and an understanding and ability to tailor the company’s procedural controls to adequately cover the risk profiles without being unnecessarily onerous
· Attention to detail
· A recognised compliance qualification or working towards one