Compliance Manager (Financial Sector)

SUMMARY:
The Compliance Manager will play an integral part in ensuring company consistently meets regulatory requirements and operates in accordance with industry best practices.

POSITION INFO:

The role is vital in ensuring the effectiveness of the compliance programme by managing the monitoring and testing of controls, compliance procedures, and regulatory obligations.

Key duties & responsibilities:

• Oversee and execute the company’s compliance monitoring programme, performing regular assessments of controls and procedures to ensure they align with regulatory standards set by the Guernsey Financial Services Commission and other applicable frameworks.
• Lead reviews of policies, procedures and operational processes to assess their compliance with relevant regulations, identifying areas for improvement and recommending corrective actions.
• Assist in identifying compliance risks within the organisation, conducting risk assessments, and ensuring adequate controls are in place to mitigate those risks.
• Provide ongoing support to internal audits by preparing documentation, evidence, and reports for audits related to compliance, and assisting in addressing audit findings
• Support the AD Compliance in preparing and submitting timely compliance reports to senior management, the board, and regulators, ensuring all compliance monitoring activities are well-documented and communicated.
• Investigate compliance issues or incidents, working closely with relevant teams to resolve issues, ensure corrective actions are implemented, and minimize future risks.
• Develop and deliver training sessions to staff across the organisation on compliance matters, promoting a culture of compliance and increasing awareness of regulatory changes and obligations.
• Assist the AD Compliance in enhancing the company’s compliance framework and procedures to meet evolving regulatory requirements and industry best practices.
• Work closely with business units and other departments to ensure compliance is integrated into day-to-day operations and provide guidance on regulatory matters as needed.
• Conduct probation and performance meetings in accordance with company procedure.
• Monitor staff attendance, timekeeping and other areas of staff management and report to AD Compliance.
• Encourage and drive the personal development of yourself and the team.
• Assisting with the project management of new initiatives
• Adopt and reflect company values
• Complete any other duties as and when required to drive business success

Requirements / Competencies

• A relevant Compliance, Legal, or Financial services professional qualification (e.g. ICA, STEP or equivalent
• Min. 3 years of experience in Compliance, Risk Management, or a similar role within the Trust, Pension, or Financial Services Industry, preferably within a regulated environment.
• Awareness of the Guernsey’s financial services regulations, incl. the GFSC’s rules and guidelines related to trust and pension services
• Remaining abreast of changes in legislation and statutory reporting requirements
• Experience of working in a compliance environment
• An ability to articulate complex issues in a clear and concise manner
• An aptitude for problem solving
• A methodical approach to tasks with a strong focus on attention to detail
• Experience in collating and summarising data
• Excellent organisational skills – prioritising, achieving deadlines
• Consistently work at the standard required by the team and business
• A willing and flexible attitude to working hours to support team and business needs, as required