The Analyst – AML will be primarily responsible for onboarding new Serviced Entities, conducting CDD and KYC checks, and performing risk assessments as needed. You will carry out PEP and sanction screenings, and ensure compliance with legal and regulatory requirements, particularly focusing on AML Codes. The role also involves contributing to ongoing projects, ensuring that all assessments are carried out according to internal policies and procedures.

Jobs In Isle of Man Analyst – AML at IQ-EQ in Douglas

Position Overview:

Position: Analyst – AML Jobs
Location: First Names House, Victoria Road, Douglas, Isle of Man
Department: Client Services
Contract Type: Full-time
Company: IQ-EQ

An exciting opportunity has arisen for an AML Analyst at IQ-EQ in Douglas, Isle of Man. This full-time role focuses on client services, including conducting Customer Due Diligence (CDD) and Know Your Customer (KYC) checks, performing risk assessments, and ensuring compliance with AML regulations. As part of a dynamic team, you will be responsible for supporting Serviced Entities by completing reviews and assessments, contributing to project work, and assisting with training and coaching administration teams.

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Job Description:

The AML Analyst at IQ-EQ will play a vital role in the onboarding of Serviced Entities, ensuring compliance with AML policies and regulations. You will conduct Customer Risk Assessments (CRA), review CDD and Enhanced Due Diligence (EDD) to meet the Isle of Man’s AML Code requirements, and perform PEP and Sanction screening. You will be involved in the ongoing monitoring of entities, carrying out periodic reviews, and assisting with project work as needed. Your role will also involve close collaboration with senior leadership and various risk and compliance teams.

Key Responsibilities

• Onboarding New Entities: Perform CDD and KYC checks to onboard new serviced entities and ensure compliance with relevant regulations.
• Risk Assessments: Undertake Customer Risk and SERR assessments for new and existing entities.
• Compliance Reviews: Review CDD and EDD to ensure compliance with AML Code requirements.
• Screening: Perform PEP and sanction screening, as well as open-source media checks, including monitoring Google alerts.
• Periodic Reviews: Complete Trigger Event and Periodic reviews of serviced entities in line with policies and procedures.
• Coordination: Assist in coordinating monthly CDD meetings and follow-up on outstanding items.
• Project Work: Contribute to project initiatives to improve processes and systems in AML operations.
• Reporting: Report to senior leadership, Risk and Compliance, and Group Risk & Compliance on key issues.

Ideal Candidate Profile

We are looking for candidates who:

• Have experience in the offshore finance industry, particularly in trust and corporate services businesses.
• Possess a strong understanding of AML regulations, risk assessments, and compliance requirements.
• Are proficient with AML systems like IQ EQ’s SERR, and other related platforms such as Inflow and Imagein.
• Can effectively collaborate with team members across jurisdictions to achieve business results.
• Have a good understanding of complex financial structures, beneficial ownership, and fiduciary services.

Skills and Qualifications

• AML Knowledge: Familiarity with AML Code requirements and performing customer risk assessments.
• Risk Management: Experience in performing risk assessments and understanding corporate governance practices.
• Technical Proficiency: Good knowledge of Word, Excel, and Outlook; familiarity with IQ EQ systems like SERR, Inflow, and Imagein.
• Compliance & Legal Knowledge: Understanding of legal and regulatory requirements for offshore finance, including FATF/Moneyval standards.
• Analytical Skills: Strong analytical skills to assess risk and ensure compliance with AML regulations.
• Team Collaboration: Ability to collaborate with colleagues across different teams and jurisdictions.

Education and Experience

• Education: A Bachelor’s degree in a relevant field such as Finance, Law, or Business.
• Experience: At least 2-3 years of experience in AML, KYC, or a similar compliance role, ideally in an offshore finance or trust services environment.
• Industry Knowledge: A strong understanding of AML laws and offshore finance practices in the Isle of Man.

Life at IQ-EQ

At IQ-EQ, we offer an inclusive environment that supports both your professional and personal development. With a strong emphasis on continuous learning and career progression, you will have the opportunity to enhance your skills and grow within the company. We pride ourselves on delivering excellence across our service lines and providing opportunities for advancement across our international offices.

Next Steps

If you’re ready to take the next step in your career and explore Jobs In Isle of Man Analyst – AML, apply today to join the IQ-EQ team and contribute to the success of the AML compliance department.

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