Job Description

HEAD OF COMPLIANCE AND MLRO

SERVICE/DEPARTMENT:

SECTOR: COMPLIANCE

JOB TYPE: COMPLIANCE

DESCRIPTION: FULL TIME

1.0 BACKGROUND

The Head of Compliance will be based in the Compliance department of

Our client.

Their clients range from small local businesses and private individuals to

large multinational entities, governmental bodies and charities. Our client

offers a wide range of services including: Accountancy, Audits, Consulting,

Advisory, Financial and Insurance Brokerage. Within the group there are

two IOM regulated businesses: financial advisory, general insurance

business intermediary and four designated businesses, with the firm itself

authorised by the ICAEW.

The Compliance department oversees the firm’s compliance with

regulatory requirements, provides continual risk assessment, development

of comprehensive policies and procedures, compliance training,

monitoring, and internal investigations for all areas of the firm. The

department also oversees the company statutory filings and works with

the auditors regarding their clients’ FSA regulatory requirements.

2.0 REPORTING AND PRINCIPAL RESPONSIBILITY

Reporting to the Partners, the primary purpose of the Head of Compliance

is to oversee the firm’s compliance with the regulatory and statutory

reporting requirements, including company secretarial and data

protection.

The Head of Compliance will also act as the firm’s Money Laundering

Reporting Officer and provide continual risk assessment and development

of comprehensive policies and procedures, training and internal

investigation for all areas of the firm.

The Head of Compliance is also responsible for managing two members of

staff; the Senior Compliance Co-ordinator and the Compliance

Administrator. There is a Compliance Director who acts in an advisory

capacity for the team and is also responsible for managing the Head of

Compliance.

3.0 SALARY AND WORKING HOURS

Salary is commensurate with experience. The hours are full-time, 9.00am

to 5.15pm, Monday to Friday

4.0 KEY TASKS

➢ Ensure that the day-to-day operations of business are in line with the

agreed operational and compliance procedures for the firm;

➢ Ensuring the operations of the firm adhere to the recent Anti-Money

Laundering Guidelines;

➢ Supervise, monitor and develop the Senior Compliance Coordinator and

Compliance Administrator;

➢ Perform internal compliance investigations and audits, throughout the

firm, including compiling detailed reports to the Partners;

➢ Ensure that all financial transactions are recorded and are carried out in

accordance with instructions received and within set time limits;

➢ Develop compliance training materials and perform ongoing

compliance training throughout the firm and ensure that the procedures

are maintained and worked to;

➢ Provide ongoing advice and resources to management for compliance

issues and process monitoring and improvement, and work with

management;

➢ Produce relevant returns and notifications to the regulators;

➢ Correspond and meet with regulators as required;

➢ Specialist projects as agreed with the Partners to support the

requirements of the business;

➢ In addition, our client is engaged by a number of clients to carry out

various compliance-based functions. A key tasks for the appointee is to

manage the quality of these engagements and be able to develop this

business;

➢ It is a mandatory requirement to operate on a daily basis within the ISO

9001 Quality Management System;

➢ Understand the requirements of the ISO 9001 Quality Management

System and maintain a good working knowledge; and

➢ Have an awareness of how departmental procedures, documents and

record keeping have a positive or negative effect on the ISO 9001 Quality

Management System.

4.1 As the Money Laundering Reporting Officer you will be responsible

for the following:

➢ The review of all internal disclosures in the light of all available relevant

information, determine the substance and, if appropriate, disclose

externally to the FIU;

➢ Maintain all related records;

➢ Provide guidance on how tipping off the customer can be avoided if a

disclosure is made, and manage any resulting constructive trust scenarios

appropriately;

➢ Provide support and guidance to the Board and senior management to

ensure money laundering and terrorist financing risks are adequately

managed;

➢ Liaise with the FIU, FSA or other appropriate Regulatory Authority and

participate in any third party enquiries in relation to money laundering or

terrorist financing prevention, detection, investigation or compliance; and

➢ Provide reports and other information to senior management as

required.

5.0 KEY SKILLS

➢ Have had experience in a similar role and/or compliance environment;

➢ Hold relevant compliance qualifications or be studying towards them;

➢ Detailed knowledge of the FSA Guidelines, Rule Book and requirements;

➢ Current knowledge of Anti-Money Laundering Guidelines;

➢ Relationship management and interpersonal skills;

➢ Communication, influencing and negotiating skills;

➢ Proven business development skills;

➢ Policy development and implementation;

➢ Presentation skills; and

➢ PC literate with PowerPoint, Excel and Word skills.

6.0 KEY ATTRIBUTES

➢ Professional and positive approach;

➢ Self-motivated;

➢ Strong in building relationships and able to communicate at all levels;

➢ Team player, but also able to work on own initiative; and

➢ Dynamic and creative.