Director – Compliance & Risk

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  • Location

    Isle of Man

  • Reference

    MIR 11962

  • Salary

    £80,000-£120,000

    £80K-£120K

  • Type

    Permanent

The Role

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A new and exciting opportunity has arisen for a Compliance & Risk Director to join a well-established Lottery gaming company in the Isle of Man. The ideal candidate will manage the risk and compliance functions, ensuring that all locations stay in line with internal policies, external regulatory requirements and industry standards by facilitating the management of risks the company faces, designing or implementing controls to mitigate those risks and reporting the effectiveness of the controls.

You will be responsible for the leadership of the Compliance and Risk team which includes responsible gaming function, as well as establishing and maintaining good working relationships with the regulators and other authorities.

Responsibilities include:

  • Advise on an on-going basis of the impact of UK regulations and the required action;
  • Suggest an on-going basis of the impact of AML and CFT regulation and the required action; ensuring Due Diligence procedures are in line with regulation;
  • Advise the Company on an on-going basis of the impact of the Committee of Advertising Practice Advertising Codes and the required action;
  • Advise the Company on an on-going basis of the impact of the data protection regulation and the required action; assist in relevant enquiries and access requests;
  • Establishing and maintaining good working relationships with regulators and authorities;
  • Project-lead, as required, and manage regulatory audits/compliance reviews; assist in developing and maintaining audit checklists to be used to audit/review operations in relation to regulatory compliance;
  • Review of company documentation (websites, emails, landing pages, texts);
  • Mentor and Support the Compliance Manager to ensure company policies and procedures are in place and that they are reviewed, updated and rolled out to the business;
  • Investigate major complaints to the regulators/authorities; ensure fair and timely resolution;
  • Assist in drafting and reviewing of contracts;
  • Assist in preparing for monthly board meetings; produce and/or organise reports and board pack; drafting minutes and/or board resolutions;
  • Lead the provision of commercially aware and timely technical compliance advice to both the business and to projects;
  • Work with the Compliance Manager to support the setting of regulatory training strategy for the Company, contributing to the building of a regulatory compliance-aware culture, and providing subject matter expertise where required;
  • Mentor the Compliance team to proactively identify potential non-compliance issues and ensure they are addressed appropriately;
  • Ensure that the highest standards of operational regulatory compliance are achieved and maintained across the locations by working with functional/departmental managers and their teams;
  • Represent the Compliance department as required, on projects providing regulatory advice and guidance in the development of initiatives to incorporate and embed an appropriate Conduct Risk culture and controls within a commercial operating framework;
  • Maintain the Company’s Risk Register and report to the Board, where necessary;
  • Assist in other projects and ad hoc tasks, as and when required.

 

The Candidate

  • A recognised compliance qualification is essential for this role;
  • A minimum of 5 years’ experience within a similar level role;

Experience & essentials qualities:

  • Experience in the Online Gaming industry;
  • Working knowledge of Responsible Gaming regulations;
  • Working knowledge of the Gambling Supervision Commission and Gambling Commission regulations and/or license conditions and code of practice;
  • Knowledge of Jersey Gambling Commission regulations would be advantageous;
  • Working knowledge of the AML/CFT regulations, data protection regulations, advertising regulations including the Advertising Codes of the CAP;
  • Experience of B2B and White Labels;
  • Experience in international markets and cross border transactions;
  • Ability to communicate and influence at all levels of the business;
  • Have a good eye for detail to identify irregularities and key risks;
  • Experience in risk management, with a good understanding of Fraud policies, processes and operations;
  • Ability to communicate and negotiate successfully with colleagues at all levels;
  • Well-developed report writing and communication skills with the ability to interact at senior levels within the Company;
  • Clearly demonstrates a ‘can-do’ attitude which successfully overcomes barriers;
  • Proven leadership skills with the ability to mentor, develop and motivate a team of experienced compliance employees;
  • Highly PC literate with a good working knowledge of all Microsoft applications (Word/Excel especially);
  • Proven ability to interpret management information, providing insight into trends;
  • Proven ability to provide accurate information within tight timescales;
  • A self-motivated team player who is able to structure and prioritise work for self, but who also has the flexibility and capability to change priorities when circumstances dictate;
  • An innovative, creative approach to problem-solving.

The Company

A locally based and well-established Lottery gaming company. They specialise in providing online B2B and B2C online betting services and client management.

The Benefits

  • Healthcare
  • Discretionary Bonus
  • Pension
  • Life Assurance
  • Relocation Support
  • Fast growing company

The Location

The Isle of Man is an English speaking island nestled between the UK & Ireland. As the 8th richest country in the world it takes less than an hour’s flight (with operators including EasyJet and British Airways) from the entertainment and shopping of London. The island offers a remarkable quality of life with short commutes, high salaries, low domestic tax rates, a rich Celtic heritage, and a passionate outdoor pursuits community.

Recently named a ‘UNESCO world biosphere’, the island is simply stunning, with beautiful hills, glens, and beaches. With an extremely diverse economy which includes many of the world’s largest e-gaming companies, it has 83,000 residents, many of which have purposely chosen to relocate there. With unemployment at 1% and crime rate even lower it’s easy to see why this green and friendly Island is nicknamed the ‘Gem of the Irish sea’.

Isle of Man

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