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Elaine McCormack

Senior Manager, Risk Consulting

KPMG in the Isle of Man

Elaine joined the KPMG Advisory team as a senior manager in September 2017, bringing with her almost 30 years’ experience in the financial services industry on the Isle of Man. She started her career with Barclays in 1988, and worked in a number of different roles within the organisation including financial crime, compliance and relationship management for both corporate and high net worth clients. Elaine joined the Isle of Man Financial Services Regulator in May 2008 and spent 8 years supervising a number of licence holders ranging from large global banks with trust and investment operations to small local foreign exchange bureaus and payment services providers. During this time she gained extensive experience in regulatory requirements on a multi-jurisdictional basis, and continues to enjoy a good working relationship with regulator. Prior to joining KPMG, Elaine was the Head of Financial Crime, Risk and Compliance for a private banking group formerly based on the Island, and was instrumental in providing the risk and compliance direction for the bank during the wind-down of the operation.

Areas of expertise
Advisory Anti-Money Laundering and Trade Sanctions Services Financial Risk Management Forensic Internal Audit, Risk and Compliance Services Regulatory Compliance Risk Consulting
Education and qualifications
  • ICA Diploma in Anti-Money Laundering

  • Fellow of the International Compliance Association (FICA)

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