Trainee Compliance Officer

As a trainee IFGL Regulatory Compliance Officer you will provide support and advice on the identification and management of regulatory compliance risks across the IFGL companies.

The role will allow the individual to gain experience across the Financial Crime team, Regulatory Compliance team and Assurance and Monitoring team and may include secondments to other departments such as Group Legal, Group Risk and the AML Team in line 1, where relevant and appropriate. This wide range of experience will allow the individual to gain knowledge and skills in a number of areas with the opportunity to specialise in a particular area over time. The role will include the opportunity to work towards Professional Qualifications with the ICA.
Regulatory Compliance

Assisting the Chief Compliance Officer and Heads of Compliance in ensuring the business complies with legislation and regulatory requirements in the jurisdictions of operation.
Manage the compliance in-box providing prompt and timely responses to stakeholders identifying where additional training to the business may be required.
Maintain registers for breaches, complaints and Gifts & Entertainment.
Prepare responses to complaints referred to the Isle of Man Financial Services Ombudsman.
Develops and maintains a suite of procedures to support the wider compliance team

Financial Crime

Assist with maintenance of suspicion, enquiry and high-risk client registers.
Review internal suspicion reports and make recommendations to the MLRO or MLRO regarding reporting to the Financial Intelligence Unit.
Review high risk clients annually and when there is a trigger event.
Develops and maintains a suite of procedures to support the wider financial crime team.
Assurance and Monitoring

Assisting and completing Compliance Assurance Reviews, supporting the Compliance Assurance and Change Lead Manager in delivery of the Compliance Assurance Annual Programme.
Planning, performing and reporting Compliance Assurance Reports, working across the business with various departments and branches.
Maintains professional scepticism and a questioning mind when performing assurance reviews whilst supporting the business in completing resulting actions.
• Develops and maintains the Compliance Assurance Methodology to support the Compliance Assurance and Change Lead.

To ensure that this role is carried out to the desired level, the successful candidate should have the following skills and experience:

Ideally educated to degree level / candidates with strong A Level results will also be considered
Interested in starting a career in compliance
Excellent working knowledge of Microsoft Office including Excel, Word and PowerPoint
Willing to work towards relevant compliance qualifications
Good oral and written communication skills
Organised with high attention to detail
Team player

Full training and development will be provided for the successful candidate with support towards professional qualifications.

If you or you know someone who is interested in applying for this position, please forward a current CV with a covering letter to careers@ifg-ltd.com

We encourage and welcome applications from people with diverse backgrounds because we embrace diversity and inclusivity within our business.

Closing date for this vacancy will be 23 May 2025