If you’ve recently graduated or are looking for a career move, a compliance career in the Isle of Man comes with endless opportunities.
Variety of work
In comparison to the UK, where entry level positions are often KYC or administration focused, the Isle of Man can offer you a multi-disciplinary career from the outset. With many entry to mid-level roles providing individuals the opportunity to skill up in a multitude of compliance and regulatory areas, including AML, risk, advisory and data protection.
Professional qualifications and further career development
Many organisations on the Island often subsidise or fully fund employees further professional qualifications, with many offering work placements for those looking to test the water and get a feel for the profession.
The industry is underpinned by a supportive network of professional associations and groups, including the Alliance of Isle of Man Compliance Professionals (AICP), which offers a quarterly Bursary for new or recent entrants looking to develop their compliance career. The Bursary provides funding for an International Compliance Association qualification.
Given the Island’s stellar regulatory reputation, compliance role responsibilities are diverse in their remit, with the work and the accompanying clientele often of a high calibre. With many global and offshore groups based in the Island, roles often come with the opportunity to travel to international jurisdictions, with secondments commonplace within the profession.
Springboard into other industries and areas
The Island’s diverse economy affords compliance professionals the opportunity to use their skillset across a wealth of industries. Many have chosen to move from a finance environment into a digital or biomedical setting for example.
Likewise, many graduates or individuals looking for a career shake-up have used their existing skills and qualifications in areas such as law, accountancy, or business to springboard into a compliance career in the Isle of Man.
A supportive network of compliance professionals
Given the breadth of the profession, the Isle of Man offers a vibrant and supportive local network for young and well-established compliance professionals, which includes the AICP, the Isle of Man Business Network, the Isle of Man Chamber of Commerce and local branches of the Chartered Governance Institute and the Chartered Institute for Securities & Investment.