FAQs
What is the main role of the Senior Administrator, Risk Management at IQ-EQ?
The main role of the Senior Administrator, Risk Management is to support the Senior Manager, Risk Management in developing Risk Management as a discipline, promoting a strong Risk & Compliance culture, monitoring and reporting on risks, and ensuring compliance with relevant policies and regulations.
What specific responsibilities will the Senior Administrator have in relation to financial crime risk management?
The Senior Administrator will assist in the preparation and maintenance of Business Risk Assessments, support colleagues with process and procedure maintenance, facilitate Group reporting regarding Very High Risk Client submissions, and provide independent support for internal investigations as needed.
What qualifications are required for the Senior Administrator, Risk Management position?
The required qualifications include relevant professional qualifications in Risk and/or Compliance or a willingness to work towards one, at least 5 years of experience in financial services, knowledge of trust and corporate services business in the Isle of Man, and strong communication, organizational, and analytical skills.
Is experience in risk management necessary for this role?
While comprehensive knowledge of risk management, particularly in risk and control assessment, is desirable, it is essential for candidates to have a strong background in financial services and the willingness to learn about risk management practices.
What skills are essential for the Senior Administrator position?
Essential skills include highly competent verbal and written communication skills, strong organizational abilities, analytical and monitoring skills, and the ability to engage with colleagues effectively.
How does IQ-EQ support the professional development of its employees?
IQ-EQ emphasizes continuous learning and offers an inclusive and diverse environment to support career aspirations, along with opportunities across various service lines and locations within its international network of offices.
Will the Senior Administrator have any involvement with regulatory authorities?
Yes, the Senior Administrator will support the Head of Risk & Compliance in liaising with regulatory authorities, which includes maintaining communication, handling applications for regulatory authorizations, and responding to inspection results and reportable items.
What are the key attributes needed in a candidate for this position?
Candidates should possess a proactive approach to risk and compliance issues, strong interpersonal skills for building relationships across the organization, and a commitment to enhancing governance arrangements and promoting a risk-aware culture.
Will the role involve management of internal audit relationships?
Yes, the Senior Administrator will be responsible for managing the relationship with Group Internal Audit as part of their overall support functions.
What does IQ-EQ focus on in its approach to Risk Management?
IQ-EQ focuses on championing an effective Risk & Compliance culture, ensuring compliance with policies and procedures, and supporting the identification, monitoring, and reporting of risks within the business.