Compliance Monitoring Officer (Fixed Term Contract)

• NOTE: This role does not offer Relocation or Sponsorship. Applicants must be eligible to work in Isle of Man.
• This role is a 6-month Fixed Term Contract

To enable the execution of Compliance Monitoring plans, processes and activities across dedicated areas of a Business Unit, in-line with the Group Monitoring Framework and standards to ensure the effective identification and reporting of Compliance risks and cases of non-compliance, to avoid operational losses, fines, penalties or reputational damage to the organisation and enable competitive advantage for the organisation.

Minimum Qualification:

• First Degree in Audit
• First Degree in Business Commerce
• First Degree in Legal

Experience Required :

• 5 - 7 years experience in Compliance Risk Management
• The role requires a specialist in Compliance Advisory and Monitoring with a sound knowledge of the relevant regulatory requirements and upcoming developments applicable to a specific business area as well as a solid understanding of banking policies, products and activities. Ability to take the understanding of business needs and operations and to translate it into Compliance risk management solutions.

Key Outputs:

• The role requires a recognised AML/CFT assurance specialist with advanced knowledge and practical experience in anti-money laundering, countering the financing of terrorism, sanctions compliance, customer due diligence, enhanced due diligence, transaction monitoring, suspicious activity reporting, beneficial ownership requirements and regulatory compliance frameworks.
• Demonstrated experience in planning, executing and reporting assurance reviews, assessing the effectiveness of controls, identifying root causes, challenging stakeholders, and monitoring remediation actions.
• Strong understanding of applicable AML/CFT legislation, regulatory requirements, industry standards and emerging financial crime risks. Ability to independently evaluate compliance risks and provide credible, risk-based assurance to senior management and governance forums.

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Behavioural Competencies:

• Influencing and Challenging
• Attention to Detail
• Critical Thinking
• Courageous Thinking
• Stakeholder Engagement
• Professional Skepticism
• Resilience

Technical Competencies:

• Audit Methodology
• Audit Report Writing
• Evaluation of Internal Controls
• Execute Audit Delivery
• Financial Industry Regulatory Framework
• Promote Good Governance, Risk & Control

Recognised subject matter expert in AML, CFT and Financial Crime Compliance with the ability to provide independent, objective and evidence-based assurance over the design and effectiveness of financial crime controls, and to engage confidently with senior management on significant regulatory and compliance risks.

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