Regulatory Compliance Officer – Channel Islands; Europe

Duties & Responsibilities:

Assist the Board and senior management to ensure that procedures are developed and implemented to enable the operation to comply with current legislation and regulations in all jurisdictions applicable to its entities.

Monitor compliance with procedures and produce regular reports on any findings.

Review documentation, identify areas of risk and potential regulatory issues and provide adequate remedial solutions.

Provide professional advice and guidance to senior management regarding compliance matters.

Build relationships with internal and external stakeholders.

Always comply with the requirements of the Regulatory Laws and requirements for Principal Persons.

Identify statutory and regulatory requirements from all relevant jurisdictions and maintain records for reference purposes.

Link compliance legislation and regulations to existing policies and procedures to ensure their adequacy; identify areas where procedures may be inadequate and assist/advise management in amending existing procedures, or the drafting of new procedures, as appropriate.

Keep up to date with regulatory developments and advise management on amendments required to policies and procedures, or the drafting of new policies and procedures as appropriate.

Develop and maintain a compliance monitoring programme to monitor compliance with current legislation, regulations, and guidance in all jurisdictions.

Undertake monitoring, documenting, and reporting results of procedural compliance.

Maintain liaison as necessary with regulators and other relevant authorities.

Identify non‑financial regulatory reporting requirements; ensure that the policies and procedures in place to meet these are adequate. Monitor compliance with these policies and procedures.

Assist with the planning and delivery of training for staff, including staff of outsourced parties, on regulatory compliance issues.

Review advertisements and promotional material prior to publication for compliance with relevant laws and regulations.

Conduct ad hoc investigations and special projects in conjunction with management.

Review and monitor complaints and breaches and ensure proper handling / reporting.

Assist with the development of processes to map and monitor risks.

Act as the person responsible for Data Protection monitoring and reporting of breaches to the relevant authorities.

Assist with paralegal matters such as the review and update of client documentation and scheme particulars, including liaising with internal and external parties as necessary.

ICA Compliance Diploma.

At least five years’ financial services compliance experience to include insurance and investments.

Must be familiar with relevant legislation and regulations.