Head of Compliance - BVI

Purpose of the Job The local Head of Compliance will cover all areas of statutory and regulatory compliance.  Responsible for the development of local policies and procedures to improve services and to ensure they are followed, monitored and reviewed with the objective of providing services of the highest standard and quality at all time and any other such activities as may be reasonably required by the role. To work alongside Group Risk & Compliance to ensure Group Minimum Compliance Standards are achieved.Main ResponsibilitiesDesignated Compliance OfficerMoney Laundering Regulatory Officer / Nominated OfficerAdvisor to the board of directors, executive committee of directors, risk committee, managers and employees on issues of regulation, risk management, corporate governance, areas of best practice and internal policies and proceduresTo be responsible for the day to day management of the team and effective management of workloadsHave an excellent understanding of the exposures to regulatory risk within a financial services organisationProvide guidance and on-going training of the Compliance Team, cross training and development and ensuring cover where necessaryEnsure file reviews and audit checks are completed within service level agreementsBusiness acceptance – prepare summary of proposed business transactions to present to the relevant sub-committees of the boardKYC/Customer Due Diligence (CDD) analysis and adviceIdentify, draft and update local policies and procedures as required based upon Group Minimum StandardsEnsure systems are in place for compliance monitoringOversee the maintenance of a variety of standard compliance registersResponsible for the relationship with any local regulatory bodyEnsure the compliance monitoring programs are fit for purpose and that monitoring activity is conducted on schedule in accordance with the compliance monitoring plan for OcorianDesign and deliver training on various aspects of regulations, internal policies and procedures, corporate governance, compliance and risk management, basic anti-money laundering provisionsAttend management meetings and prepare reports on various compliance and regulatory mattersAttend seminars and conferences to ensure knowledge of applicable regulations is up to datePromote a positive compliance culture at all levels throughout the businessPrincipal contact for the local regulatory body.#LI-AM1