Assistant Manager

We are currently seeking an Assistant 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 Assistant Manager will be to assist senior staff in the Portfolio Supervision Division by undertaking a range of activities including processing DNFBP applications and assessing individuals proposed for Controlled Functions and Specified Persons. Other duties will include:

• Provide assistance in identifying and preparing published guidance recommendations across all areas of regulated activity.To assist in maintaining the Division's procedural framework and collaborate with other Supervisory Divisions where appropriate
• Undertake the role of Risk Champion for the Portfolio Division in line with the Enterprise Risk Methodology, Policy and framework
• Conduct fitness and propriety assessments on applicants and those seeking to hold Controlled Functions
• Assist in undertaking effective and efficient processing of licence applications, against licensing policies, including preparing recommendation papers for licensing meetings
• Participate in meetings with potential new applicants to the organisation / regulated entities wishing to extend permissions / individuals seeking to hold Controlled Functions, and ensure that the contents of meetings are accurately recorded and, where necessary, resulting action points are followed-up on
• Provide assistance in identifying and preparing policy and guidance recommendations across all areas of regulated activity
• Assist with creating and maintaining a framework of procedures for the Supervision Team (Portfolio) and support HMI with their framework where appropriate
• Support the Senior Manager (Portfolio Licensing and Enablement Team) with regular and ad hoc Board and committee reporting as appropriate
• Implement and manage the Division's Internal Risk Libraries (including RCSAs), Business Impact Assessments and Business Continuity Plans, in conjunction with the organisation's Policy & Risk Division
• Draft and obtain appropriate approval for responses to requests for information from other regulators and from other authorities, in accordance with the relevant legislation, procedures and the organisation's data protection policy
• Take a proactive stance to communication with applicants in order to obtain required information, advise on progress and relay licensing decisions
• Ensure all matters considered material to the discharge of the Division's duties and responsibilities are raised with the Senior Manager or Head of Division in a timely manner.
• Ensure efficient use of the organisation's resources
• Ensure internal systems and procedures are maintained and adhered to including the organisation'd pocedures and intelligence systems, where appropriate

The Ideal candidate for the role of Assistant Manager (Portfolio Supervision) will have:

• Previous relevant experience in either a financial services, compliance, regulatory, risk or audit role
• An awareness of Financial Services and associated legislation, regulation and guidance including trends and developments
• 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