Compliance Administrator

Our client seeks a Compliance Administrator to join their team. Role profile: Responsible for assisting the business in adhering to regulatory, AML/CFT, and other legislation on the Isle of Man, reviewing new business, undertaking spot checks, reviewing payments and reviewing the Intelligence Database and reporting on any findings to the Compliance Manager. The ideal candidate should have at least 3 years of experience, preferably in the TCSP compliance sector Key Responsibilities: Assist the Compliance Department with implementing, monitoring and reviewing measures, procedures and internal controls to ensure the business operates within appropriate regulatory standards and complies with reporting obligations. Assist with assessing the business and AML/CFT risks associated with client entities under administration. Assist with reviewing consultations and internal procedures to implement appropriate amendments to internal frameworks to ensure compliance with the amended regulatory framework. Assist with completing the compliance monitoring programme for client entity files, managing Politically Exposed Persons and high-risk files, and conducting reviews for approval by Senior management and/or the Compliance Department. Assist with reviewing FATCA/CRS classifications and preparing the information for filing with the authorities. Updating the relevant policies and procedures relating to FATCA/CRS classification and submissions. Assist with screening of parties connected to client entities and/or ensuring the effective operation of the screening tool, which includes assisting offices with managing potential matches. Responsible for reviewing new business from a compliance perspective and ensuring that those entities have been appropriately risk-rated and CDD/EDD measure has been undertaken. Working with the Compliance Officer to oversee all staff members' day-to-day adherence to internal procedures, to ensure appropriate reviews are undertaken on the client entities through spot checks, assisting with the provision of support and guidance on technical matters relating to internal compliance policies or technical interpretation of Isle of Man regulatory or AML/CFT legislation. If you have the required skills please apply online at searchandselect.com quoting reference number: 15191