Compliance Administrator

Role Description

Working as an Onboarding / Compliance Administrator, you will support the compliance team with day-to-day regulatory and administrative tasks, assisting the Compliance Manager and wider team to ensure all work is completed to a high standard. The ideal candidate will have strong attention to detail, excellent organisational skills, and a proactive approach to maintaining accurate records and supporting compliance processes in line with regulatory requirements.

• Review and assess potential new business
• Advise Business Development on due diligence for potential new business
• Work closely with business development team and New Business Committee, providing input on potential new business
• Maintain spreadsheets for managing compliance data
• Assist with gathering data for MI reports and regulatory returns
• Assist in maintaining regulatory registers as required by the Isle of Man FSA, ensuring they are completed and up to date
• Keep up to date on regulatory knowledge and requirement
• Assist with external bodies where needed such as banks, PNB third parties, auditors and IOM FSA etc.
• Review, assess and communicate announcements from the regulatory authority such as, sanction updates with HOC and compliance team
• Assist with undertaking client risk assessments
• Conduct compliance ongoing monitoring, tracking findings through to resolution
• Conduct PEP Reviews, screening and enhanced due diligence activities If assigned by HOGC: review, assess and discount any automatic screening flagged on system Inscope AML, assisting with additional open searches where required
• Identify regulatory and operational compliance issues that may arise
• Understand and assist with the implementation and update of compliance procedures and policies
• Report any findings from compliance reviews to the Compliance Manager and Head of Compliance
• Provide advice and guidance to 1
  
  LoD on any compliance matters raised, maintaining an open and collaborative relationship which is integral to our business
• Assist with training where required
• Be willing and committed to study with the International Compliance Association and undertake required annual CPD