Compliance Technician

Overview

The Compliance Technician will be an integral member of the Group’s Compliance Team operating from the 2nd line to engage and partner with the respective business areas of the Group and deliver support and training in relation to regulatory themes.

You will work as part of a Group Compliance Team to achieve the Group's overarching compliance objectives through the achievement of the Team’s own tactical objectives, which are:

• To stay abreast of relevant regulatory themes and developments.
• To disseminate knowledge and understanding across the business through training, engagement and partnering.
• To deliver practical and pragmatic compliance promoting suggestions to the business.
• To champion sound and compliant practices.
• To measure and report upon regulatory compliance.

What you’ll do:

Support the Group’s Senior Compliance Manager by:

• Designing policies, frameworks and standards of conduct and working with the business' Senior Management Team to ensure these are translated into operational procedures and effectively implemented within the business.
• Designing and delivering theme-based training and education to the business, as part of an annual training agenda and on an ad-hoc basis, where training needs arise from time to time.
• Applying due skill and experience in undertaking the compliance monitoring plan, documenting findings, engaging with relevant stakeholders, and obtaining management response.
• Building strong stakeholder relationships and representing the 2nd line as subject matter specialist at:
  • ad-hoc technical workshops and focus groups organised by the 1st line, and
  • regular / routine working party sessions established by the 1st line.
• Providing advice, guidance, oversight, and challenge on regulatory and conduct matters.
• Advising and supporting on the implementation of new rules, regulations, and legislation.
• Collating data for the compliance reporting packs for Executive Committee, Risk Committee, and Board meetings.
• Collating data for, and assisting in the compilation of, scheduled regulatory submission packs.
• Delivering open, balanced, and measured views, perceptions, and opinions.

At all times the Group’s values should be at the heart of everything and consistency of evidence of adherence to the values will be a key aspect of the role.

• Excellence – Regulatory Knowledge: demonstrating excellence by possessing a good understanding of relevant laws, regulations, and industry standards.
• Excellence – Effective Training Programs:
  Implementing comprehensive and effective training programs for employees on compliance matters to ensure everyone understands their responsibilities.
• Excellence – Continuous Monitoring and Improvement:
  Regular assessments and reviews to identify areas for improvement and adapt to changing regulatory landscapes.
• Integrity – Ethical Conduct:
  Upholding ethical standards and promoting a culture of integrity.
• Integrity – Confidentiality and Transparency:
  Maintaining confidentiality and ensuring transparent communication of requirements and updates to stakeholders.
• Integrity – Technology Integration:
  Embracing technologies for monitoring, reporting, and training to enhance programs.
• Integrity – Proactive Risk Identification:
  Identifying emerging risks and regulatory trends to prepare for future challenges.
• Integrity – Adaptable Compliance Strategies:
  Developing flexible frameworks to respond to regulatory changes.

By embodying these values, a compliance technician contributes to a strong and ethical compliance culture within the organization.

Experience Required

• At least 3 years working in a compliance or investment role within an FSA regulated (or equivalent) environment.
• Good working knowledge of the Isle of Man Financial Service Authority Rule Book.
• Good working knowledge of the investment or banking sector and the concepts and principles relating to the sector.
• Proven track record in the design, development, and implementation of efficient and effective 2nd line compliance processes in a financial services business.

Qualifications and Skills Required

• Recognised or working towards compliance or investment-related qualifications,…