Compliance Advisor - 35934
👤 For candidates
🤖 Enhance with AI
- ›Leverage AI for rapid regulatory research and updates
- ›Use automation to streamline compliance record-keeping
- ›Apply GenAI to draft and review regulatory reports
📈 Disruption outlook
% risk of significant disruption
🎓 Learn now
📚 For full-time, part-time & evening courses on the Isle of Man, visit University College Isle of Man (UCM)
🏢 For employers
🔄 Alternatives
Automates policy management and regulatory updates
AI-driven AML and risk monitoring platform
External experts for periodic compliance reviews
⚡ Recommendation
⚡ Augment roleAI boosts efficiency in monitoring and reporting, but human judgment remains essential
Microsoft Copilot & M365
Automate compliance documentation workflows
Draft and review compliance reports efficiently
Visualise and analyse compliance risk data
Compliance Officers
O*NET 13-1041.00
Job Description
Automation Risk
This role features a mix of routine (record-keeping), augmented (reporting, monitoring, risk assessment), and human-centric (advisory, investigation, DMLRO duties) tasks. While AI and automation tools can streamline documentation and support compliance monitoring, the need for contextual judgment, regulatory interpretation, and interpersonal communication keeps overall automation risk moderate. However, a significant portion of tasks can be meaningfully augmented by GenAI and compliance technology.
Task analysis
- Monitor and review company policies, procedures, and controls to ensure compliance with Isle of Man FSA regulations.
- Act as Deputy Money Laundering Reporting Officer (DMLRO) for the Class 1 license holder, including investigating and reporting suspicious activities.
- Advise senior managers and staff on regulatory obligations and best practices under the Controlled Function and Senior Managers Certification Regimes.
- Prepare and submit regulatory reports to relevant authorities.
- Conduct compliance risk assessments and recommend improvements to internal controls.
- Investigate and respond to internal and external compliance queries.
- Maintain accurate compliance records and documentation.
- Deliver compliance training and awareness sessions to staff.
Occupational Classification
UK Salary Benchmark
Financial service activities, except insurance and pension funding · ONS ASHE 2024 annual earnings
👤 For Candidates
AI & future-of-work guidance
🤖 Enhance with AI
- ›Leverage AI for rapid regulatory research and updates
- ›Use automation to streamline compliance record-keeping
- ›Apply GenAI to draft and review regulatory reports
📈 Disruption outlook
% risk of significant disruption
🎓 Learn now
📚 For full-time, part-time & evening courses on the Isle of Man, visit University College Isle of Man (UCM)
🏢 For Employers
Strategic hiring options & technology alternatives
🔄 Alternatives
Automates policy management and regulatory updates
AI-driven AML and risk monitoring platform
External experts for periodic compliance reviews
⚡ Recommendation
⚡ Augment roleAI boosts efficiency in monitoring and reporting, but human judgment remains essential
Microsoft Copilot & M365
Automate compliance documentation workflows
Draft and review compliance reports efficiently
Visualise and analyse compliance risk data
Key Skills
Knowledge Areas
O*NET Competency Skills
Alternative Career Paths
Lead the compliance function and oversee regulatory strategy for a financial institution.
Manage organizational risk frameworks and implement risk mitigation strategies.
Evaluate and improve the effectiveness of risk management, control, and governance processes.
Advise on and ensure compliance with changing regulatory requirements in a specialized industry.
Also Consider
🔥 Hot Technologies
In-demand tools for this occupation (O*NET)
Work Activities
General work activities from O*NET
- Getting Information
- Documenting/Recording Information
- Evaluating Information to Determine Compliance with Standards
- Communicating with People Outside the Organization
- Processing Information
- Performing for or Working Directly with the Public
- Communicating with Supervisors, Peers, or Subordinates
- Identifying Objects, Actions, and Events
- Working with Computers
- Making Decisions and Solving Problems
- Analyzing Data or Information
- Monitoring Processes, Materials, or Surroundings
- Organizing, Planning, and Prioritizing Work
- Performing Administrative Activities
- Updating and Using Relevant Knowledge
Anthropic Economic Index
Real-world AI adoption data from millions of Claude conversations · Dataset ↗
Observed Claude Usage
12%
of conversations
Classic Auto. Risk
8%
Frey & Osborne
Job Zone
-1/5
Extensive prep
O*NET Median Salary
£54k
US ref. $69k · fx 0.79
Occupational family: Business and Financial Operations
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