Director of Compliance

About the Role

Ensure all corporate governance policies, manuals and  procedures are fully documented and appropriate to the organisations risk profiles. Review at least annually and more frequently if required. Ensure board and staff are kept updated
• Review & submit Business risk assessment applicable to  company’s business and with reference to external factors such  as National Risk Assessment
• Manage risk reviews of client portfolio and ensure appropriate  procedures in place and are followed and that these align to the  organisations business risk assessment and risk appetite
• Undertake ongoing monitoring ensuring program is consistent to  business risk ratings and established procedures.
• Ensure Cosec (and other) systems correctly record ratings and  reporting functionality is maintained
• Produce quarterly Compliance report and attend board meetings to present these.
• Establish appropriate internal audit monitoring programmes, carry  out the audits, report results to the board and manage completion of action points.
• Contact person for FSA
• Manage regulatory monitoring visits including co-ordinating the  company’s responses and ensuring action points are fully addressed

MLRO
• Keep abreast of ML/CFT typologies etc and advise senior management as required
• Ensure manuals policies and procedures are maintained and  reviewed at least on an annual basis with a report to the board
• Ensure the appropriate MLRO registers and records are maintained
• Review any suspicious activity reports and recommend reporting to  FIU and or agencies as required.
• Organise appropriate AML staff training
• Responsibility for ensuring client due diligence maintained and centralised
• Ad hoc projects as required
Business recovery
• Ensure that the organisation’s business interruption/recovery  plans are kept up to date and annuallyreviewed in conjunction with group
• Organise and manage regular testing of the plans, at least  annually and co-ordinate completion of action points.
• In the event of a business interruption incident, manage the  initiation and implementation of the plan.
• Ensure all staff and the board are fully trained so that they are  aware of the company’s business interruption and recovery plans and their roles in the event a plan is initiated
Data protection/ GDPR
• Maintain the company’s data protection registrations and report to  board on requirements and ensure compliance
Complaints handling and co-ordination
• Ensure that complaints procedures are kept up to date and  provide staff training on complaints procedures
• Monitor and ensure that complaints are managed in accordance  with the procedures and procedures amended, as required, to minimise similar complaints in future.
Sales and product development support
• Manage due diligence for new introducers, including ensuring that  TOB are in place. Ensure corporate governance requirements are met

Requirements