Head of Compliance

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  • Location

    Isle of Man

  • Reference

    MIR 12027

  • Salary



  • Type


The Role

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As Head of Compliance, you will be responsible for overseeing and managing compliance across the organisation, in all locations ensuring that it meets regulatory requirements, internal policies, and procedures. You will report directly to the Director of Risk and Compliance.

Detailed job schedule:

  • Develop and maintain a positive Compliance culture across the Bank;
  • Establish and maintain strong relationships with the Executive management;
  • Develop and implement strong global, cross border policies;
  • Monitor the effectiveness of the Compliance policies and controls in place across the Bank and update as necessary; providing support and training to all areas as needed;
  • Oversee the operation of the compliance function across the Bank;
  • Build relationships with regulators for licensing and ongoing requirements;
  • Monitor regulatory change to identify, understand and communicate to global teams and ensure policies and processes are updated;
  • Develop and mentor the Compliance team globally. Ensure clear key performance indicators are set, reviewed regularly and that reports are meeting the required standards;
  • Monitor and improve processes to most effectively anticipate, manage and reduce risk to the Bank;
  • Ensure teams are guiding and assisting relevant internal departments to ensure that the client experience is smooth and efficient and that the regulatory implications have been considered and addressed;
  • Foster an environment of regulatory awareness whilst instilling a positive, proactive culture towards the compliance function across the Bank;
  • Act as Chair of the Financial Crime Committee;
  • Act as Project Sponsor for all Compliance projects, including significant regulatory changes and ensure that appropriate resource and governance is in place to guarantee delivery;
  • MLRO – Act as MLRO for the Isle of Man, including receipt, assessment, and disclosure of suspicious activity reports;
  • Business Support – Act as a point of referral for Isle of Man Compliance matters.

The Candidate

We are looking for someone with at least 7 years in banking and/or investment experience and have held senior roles in Compliance, ideally with international exposure. Sound knowledge of the Isle of Man regulations is a requirement. Knowledge of UK, and Channel Island regulation would also be desirable.

Other competencies:-

  • ICA Diploma in Compliance/CISI International Diploma in Investment Compliance/MSC in Regulation or similar or relevant extensive experience;
  • Strong communication skills (both written and oral) with all levels of staff including the ability to present to the Executive Committee, Audit Risk & Compliance Committee and the Board;
  • Needs to be thorough analytical and have an enquiring mind;
  • Show initiative and evidence a strong personal drive;
  • Must be well organised and able to achieve deadlines;
  • Strong report writing skills;
  • Able to work within a small but focused team;
  • Experience in managing projects.

The Company

One of the largest financial services companies offering wholesale and retail banking services as well as insurance, asset management, and wealth management solutions.

The Benefits

  • Competitive salary
  • Annual bonus
  • Pension scheme
  • Private health insurance
  • Educational sponsorship

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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