We are currently seeking a Manager (Portfolio Supervision) for our Douglas-based Client, a leader in fiduciary services, fund administration, and management and investment advice compliance.
The primary responsibilities of the Manager will be to undertake effective and efficient supervision of regulated and registered entities for which the area is responsible, ensuring they meet the requirements set out in the Financial Services Act 2008 and associated Financial Services Authority Rule Book 2016 and sector specific guidance, the Supervisory Methodology Framework, AML/CFT legislation and guidance, and other relevant legislation.. Other duties will include:
* Undertake on-site and desk-based supervision of low impact regulated entities (excluding Banks and Insurers) per the Supervisory Methodology Framework and the aligned thematic supervisory programme of the Portfolio Supervision Division
* Undertake appropriate preparation in advance of on-site and desk-based thematic inspections and complete work including: the drafting and distribution of thematic questionnaires, preparing scope and planning documents, writing reports, leading the opening and close out meetings with firms, reviewing and monitoring proposed remedial action, and liaising with Enforcement and other Authority divisions where necessary
* Review technical queries from firms and handle the various regulatory returns, including Annual Regulatory Returns, Statistical Returns and Financial Resource Reports
* Manage the monitoring, review and analysis of the Division's suite of Business Intelligence Reports (BI reports), to help support the correct supervisory focus for the division, raising observations and highlighting trends in data and thresholds with the other Managers and Senior Manager as required
* Drive a consistent risk assessment process of all events and interactions with regulated entities and groups
* Undertake completion of, and contribute to the creation of, the Division's industry outreach programme
* Support the Senior Manager with the development and ongoing review of the overarching Sectoral Risk Ratings and Assessments (excluding AML/CFT Risk) relevant to the Portfolio regulated entities
* Conduct business meetings with the Portfolio Division's regulated entities as and when required
* Develop and maintain effective relationships with relevant industry bodies, government agencies and other Competent Authorities
The Ideal candidate for the role of Manager (Portfolio Supervision) will have:
* Extensive relevant experience in either a financial services, compliance, regulatory, risk or audit role
* Hold a relevant professional qualification in Compliance and or Governance related subjects
* A well developed knowledge of Financial Services and associated legislation, regulation and guidance including trends and developments
* Proven ability to build and maintain working relationships with both internal and external stakeholders at all levels including the ability to influence and negotiate
* Strong analytical skills, ability to quickly and accurately assimilate information, to consider any associated risks and to summarise the information effectively
* Ability to work under pressure, manage a workload of varied complexity, to manage competing priorities and to deliver against deadlines
* Demonstrates effective interpersonal, verbal and written communication skills
* Ability to work on their own initiative as well as part of a team
* Good working knowledge of Microsoft Office Suite
* Ability to build and maintain working relationships with stakeholders at all levels including the ability to contribute to the subject
* Ability to assist in preparing and conducting meetings with senior stakeholders both internally and externally
Desirable:
* Have Accountancy experience or qualifications