Financial Crime Officer

3 weeks ago

Douglas, United Kingdom Crimson Panda Full time

We are delighted to be partnering with Utmost International, who currently has an exciting opportunity to join their team

**Location: Isle of Man**

**About Utmost International**

Utmost International Isle of Man is part of Utmost International, a core business of the Utmost Group. Utmost International is a leading international provider of insurance-based wealth solutions that help to preserve our clients’ wealth and safeguard it for future generations.

We are a vibrant business that has grown significantly in recent years to become the leading global provider of insurance-based wealth solutions by assets under administration. With a Fitch ‘A’ (Strong) Insurer Financial Strength rating, the only business in our market to hold such a rating, we are here for the long haul, helping our clients achieve their medium and longer-term financial goals. Operating across global markets including the UK, Europe, Latin America, Asia and the Middle East we offer a wealth of opportunity.

We are currently looking for a Financial Crime Officer to join our team on the Isle of Man. In this role, you will act as a Subject Matter Expert in relation to financial crime activities. Your responsibilities will extend to supporting the Money Laundering Reporting Officer (MLRO) in providing 2nd line oversight and advice in relation to financial crime matters, such as assisting the MLRO in assessing, setting and documenting the risk-based approach to the management and control of financial crime risks. You will support the requirements of the Financial Crime team and the Risk function and may be expected to act as Deputy Money Laundering Officer.

**Key Responsibilities**
- Act as Deputy MLRO (as applicable) in respect of the Isle of Man located entities. The Deputy MLRO has the authority to act independently an autonomously of the MLRO.
- Provide support and assistance to the MLRO & Head of Compliance as required and be instrumental in ensuring effective 2nd line guidance and support to the 1st line.
- Assist the MLRO in ensuring financial crime risks are being managed within each businesses risk appetite
- Act as SME on technical aspects of Financial Crime and other areas of the Risk function and provide technical and SME advice
- Provide the correct technical and commercial interpretation of applicable regulatory requirements.
- Assists the MLRO with peer reviews and monitoring, feed into and draft Board, MI and bespoke reports.
- Proactively develop and maintain knowledge of industry themes and best practices in risk assessment and forensics.
- Financial Crime including, money laundering, terrorist financing, sanctions compliance, fraud, tax evasion and bribery & corruption.
- Maintain an in-depth knowledge of UHIOML’s operational environment and understand all material processes and controls
- Promote a positive risk-aware culture within the UHIOML Businesses.
- Supports the ongoing development and embedding of QINTL’s AML/CFT framework.

**Job requirements**

**Key Responsibilities**:

- Strong understanding of the financial crime field across industry, Utmost Group and the appropriate implementation of the same across International businesses will be a key competency
- Hold a formal qualification in Compliance and/or Financial Crime.
- Commercial acumen - evidence of good understanding of business strategy through programmes of work over both short and long-term cycles; and an understanding of distribution channels.
- Experience in a 2LOD financial crime role within the finance sector having previously held an MLRO role in a regulated entity.
- Good technical knowledge of Compliance, Regulatory, and Legislative requirements, predominantly from Isle of Man, UK, EU & Singapore perspectives
- Working knowledge of financial products, industry practice and regulatory requirements/legislation
- Experience in defining and delivering MI and reporting.

Interested? We'd love to hear from you.

**Benefits**:

- Additional leave
- Company pension
- Private medical insurance
- Relocation assistance

Schedule:

- Monday to Friday

Supplemental pay types:

- Bonus scheme

Work Location: One location

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