Compliance and Risk Manager - Chicago, United States - McKenzie Fox Recruitment Consultants

McKenzie Fox Recruitment Consultants Chicago, United States

4 weeks ago

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Description

COMPLIANCE AND RISK MANAGER | ref.
MF153

An exciting new opportunity has arisen with our client to join them as a Compliance and Risk Manager.

KEY RESPONSIBILITIES INCLUDE:

Drive compliance with all Isle of Man legislation, regulation and applicable codes of practice in the markets in which the business operates.

Identify potential areas of compliance vulnerability and risk - develop/implement corrective action plans for resolution of problematic issues and provide general guidance on how to avoid or deal with similar future situations.

Manage a programme of compliance and risk monitoring to ensure that controls are adequately designed and operating effectively to maintain compliance with all applicable law and regulation.

Implement effective issues and actions tracking, with appropriate escalation and reporting, for open risks.

Independently raise awareness to management, the Group Audit, Risk and Compliance Committee (ARCC) and Board, if required, of any deficiencies in compliance with Isle of Man regulatory obligations and ensure appropriate action is taken to address issues raised.

Provide the Board, ARCC and management with an opinion on the internal controls within through regular and appropriate reporting.

Direct the planning and delivery of the compliance training programme for both new and existing staff as required.

Maintain adequate risk and compliance policies, including contributing to the annual review and refresh of relevant Group manuals, policies and procedures.

Coordinate the management of queries and referrals, ensuring that internal processes lead to queries being dealt with in a constructive and timely manner.

Lead regulatory visits and inspections, including completion of preparatory work with relevant department heads, management of on-site examinations and follow-up activity.

Actively promote risk and compliance awareness within the business and the development of a positive risk and compliance culture, including the provision of regulatory compliance and risk related coaching to the business as required.

Support the use of the Group Risk Management Framework across the business in accordance with requirements.

Maintain and analyse key risk data in order to inform and support reporting on internal controls.

Manage an incidents and events framework, capturing errors, losses, and operational complaints – assessing root cause, assisting with effective remedial action actions, and analysis & reporting.

Drive own self-development to continue to meet the requirements of the role and the needs of the business.

SKILLS AND EXPERIENCE:
Hold a relevant professional qualification or have a minimum of 5 years relevant industry experience (e.g. Compliance/Risk/Internal Audit/Legal).

Detailed working knowledge of the Isle of Man FSA Rule Book and the AML/CFT Code, as they apply to investment business and insurance intermediaries.

Proven experience gained at a senior level within an IFA, banking or regulatory environment with a highly developed understanding and knowledge of financial planning.

Ability to work independently and manage own workload under pressure.

Systematic approach to work with demonstrable ability to deliver to deadline, whilst maintaining attention to detail.

Excellent verbal and written communication skills, with experience of presenting to senior management and internal committees.

Experience in training, coaching and constructive feedback.

To discuss this role further or to apply, email your CV to You can call us on quoting reference MF153.

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