Senior Compliance Officer (SMF16) – UK Funds & AML

Search-Select LTD; Douglas; On-site; GBP 80,000 - 110,000; Full time

Job summary

Search-Select LTD in the Isle of Man is seeking a Deputy or Senior Compliance professional ready to step into a full-time role. The incumbent will oversee statutory compliance and will work under the supervision of an external advisor to expand knowledge in UK funds, providing guidance in a low-risk, dynamic environment.

You will lead FCA supervisory dialogue, regulatory returns, and AML/CFT programmes, with potential ownership of MLRO duties and DDA controls, ensuring periodic training and

Qualifications

• Minimum three years' compliance experience in regulated financial services.
• Working knowledge of the IOM Financial Services Rule Book and AML/CFT Code 2019.
• Recognised compliance qualification such as ICA/CISI diplomas.

Responsibilities

• Discharge statutory Compliance Officer role under Part 9 of the IOM Financial Services Rule Book; act as primary contact with IoM FSA.
• Maintain compliance monitoring programmes, regulatory returns and statutory registers.
• Discharge SMF16 Compliance Oversight with ownership of the firm's monitoring programme for AIFMD, MiFIDPRU, MAR, SYSC, COBS, FUND/COLL and SMCR.

Skills

Compliance experience

FCA knowledge

SMF16 readiness

Education

ICA Diploma in Compliance

CISI Diploma in Investment Compliance

Job description

Are you in a number 2 or sat in a Deputy compliance role that is ready and hungry for that next step up with full support and guidance? If so , we have just the role for you!

We have a client with two part-time compliance professionals that are looking to retire and they are replacing with a full-time person. (Some flexibility on this e.g. 4 days per week or slightly reduced hours).

The current incumbents will be kept on for a period of time so support to expand your knowledge in the UK/funds sector and in an interesting, dynamic but low risk environment will be given. A great opportunity for that next step.

Key Responsibilities:

• Discharge statutory Compliance Officer role under Part 9 of the IOM Financial Services Rule Book, acting as primary point of contact with the IoM FSA.
• Maintain the compliance monitoring programmes, regulatory returns, and statutory registers.
• With the full support of the external compliance advisor, discharge SMF16 Compliance Oversight, with ownership of the firm's compliance monitoring programme across AIFMD, MIFIDPRU, MAR, SYSC, COBS, FUND/COLL and the Senior Managers and Certification Regime.
• Lead FCA supervisory dialogue, regulatory returns and notifications including AIFMD Annex IV reports.
• Ideally, hold the MLRO function, managing group sanctions screening and customer due diligence.
• Run group AML/CFT programmes with particular attention to maritime risk factors.
• Deliver annual AML/CFT training to employees and report to the relevant boards on financial crime risk.
• Report to relevant boards and committees on compliance and financial crime risk matters.
• Provide regulatory advice to investment managers on existing and new fund vehicles.

Key Skills and Experience:

• Minimum three years' compliance experience in regulated financial services.
• Working knowledge of the IOM Financial Services Rule Book and AML/CFT Code 2019.
• Recognised compliance qualification such as the ICA Diploma in Compliance, the CISI Diploma in Investment Compliance or equivalent.
• Demonstrable ability to satisfy FCA fitness and propriety standards for SMF16 approval, including evidence of relevant training and continuous professional development.
• Strong working knowledge of FCA rules relevant to full-scope AIFMs would be desirable.
• Desirable - strong knowledge of UK financial crime law including the Money Laundering Regulations 2017, POCA 2002 and the Terrorism Act 2000, with the IoM equivalents (POCA 2008 and the AML/CFT Code 2019).

Your specialist: Sally Fenton

Quote job ref: 16553

Hi, I'm Sally and this is one of the job roles I am looking after for this super business. If this job is of interest for you, please submit your CV and we will come back to you to arrange the next staging.

Our client seeks a Compliance Manager to join their team. Role Profile: A leading and [...]