Compliance Manager

Key responsibilities

  • To be the management point of contact for all Fairway Trust related work and liaise with the businesses to ensure adherence to all applicable regulatory laws, regulations and policies and procedures;
  • In conjunction with the board and compliance function, design, amend and update, as required the relevant regulatory systems and controls and policies and procedures for Fairway Group.
  • Review compliance monitoring programmes and testing for the trust company business, presenting findings and recommendations as appropriate;
  • Prepare appropriate and informative, compliance related management information and reports and present these at Board meetings when required or to individual directors;
  • Review potential new business, including reviewing new business take-on forms, customer profiles, risk assessments and other documentation as appropriate;
  • Liaise with the Group Head of Compliance and Risk to ensure synergy and open dialogue across the group controls and procedures;
  • To champion a compliance culture within the Fairway group.
  • Assist employees with queries that may arise on regulatory compliance matters; and
  • Other projects as assigned and other duties that may be deemed appropriate to this role.

General responsibilities

  • Develop and maintain good relations with other staff members;
  • Ensure all work is conducted in accordance with internal procedures;
  • Maintain the highest standards of confidentiality and security in terms of client affairs and records;
  • Monitor performance against personal and developmental targets;
  • Meet with the Group Head of Compliance and Risk on a regular basis and be part of team meetings;
  • Ensure accurate maintenance of records;
  • Achievement of objectives and KPIs;
  • Identify areas where further training for staff would be beneficial and bring these to the attention of the Board, assist in the arrangement of training and compliance education; and
  • To remain current in the obligations faced in the role and that of the regulated person with regard the laws concerning money laundering, terrorism on the island.

Competencies & skills required

  • Good understanding of Trust Company Business Codes of Practice, anti-money laundering and client due diligence requirements for a financial service business and its clients;
  • Strong leadership skills;
  • Ability to thrive in a dynamic team environment;
  • Professionalism, dependability, integrity and trustworthiness combined with cooperative attitude;
  • Highly motivated self-starter with ability to multitask and complete assignments within time constraints and deadlines;
  • Strong organisational skills with excellent attention to detail;
  • Self-motivated, adaptable and flexible in approach to the work;
  • A team player and confident in dealings with others; and
  • Demonstrable collaborative approach in order to assist in the implementation, maintenance and support of a compliance focused culture within the Company.

Technical experience / Qualifications

  • Individual to be deemed a Category B individual by the JFSC;
  • Minimum 5 years financial services industry experience, preferably in a Trust Company Business compliance environment; and
  • ICA Diploma in Compliance/AML or equivalent.

IT Skills

  • High level of general competency in Microsoft Office e.g. Word, Excel, and Outlook; and
  • Awareness of appropriate business management tools/platforms that may be used by the business.