Principal Duties and Responsibilities:
- Accept appointment to client entities as AMLCO, MLRO and/or DMLRO
- Stay abreast of industry updates and changes to laws and guidance and advise the client Board and/or senior management on AML/CFT/PF compliance issues and changes in the local legislative and regulatory developments
- Assist in identifying compliance risks and advise the client Board and/or senior management in the implementation of appropriate compliance policies, procedures, systems and controls to prevent money laundering, terrorist financing and proliferation financing
- Manage day to day communications with the relevant competent authorities, administrators, board support, Directors and auditors on behalf of client entities
- Prepare for and manage inspections for clients from the relevant competent authorities and annual audits
- Liaise with external third parties, such as the Cayman Islands Monetary Authority (CIMA) on behalf of client entities
- Maintain client compliance logs including those with respect to controllers, senior management, breaches, complaints, clients, regulatory returns and requests from the relevant competent authorities
- Ensure all regulatory filings and ad hoc notifications/requests are being managed and filed in a timely manner
- Manage the collection of client regulatory and compliance data, prepare and present compliance reports and attend board meetings as required
- Review and maintain relevant policies and procedures as the local legislative and regulatory requirements are amended
- Liaise with clients and relevant stakeholders in relation to the collection and processing of client due diligence and related compliance matters
- Assist with AEOI: FATCA/CRS filing requirements and Economic Substance Notification and Return filing requirements
- Assist with regulatory and compliance projects and tasks, as required
Knowledge, Skills and Experience Required:
- A minimum of 3 years’ experience as a compliance officer within a regulated financial services provider
- University graduate with a solid understanding of Cayman Islands AML obligations and the roles of AML Compliance Officers and Money Laundering Reporting Officers along with a recognized compliance qualification, e.g. ACAMS or ICA
- A working knowledge of the Cayman Islands requirements in the fields of an anti-money laundering, anti-terrorist financing and the acts and regulations governing financial services
- Excellent understanding of customer due diligence, including enhanced due diligence and high-risk features
- General knowledge and understanding of AEOI: FATCA/CRS and, Beneficial Ownership and Economic Substance regimes
- A good understanding of different corporate and trust structures used in the offshore market
- A keen attention to detail and good time management skills as well as a high degree of integrity, professionalism and a proven ability to maintain strict confidentiality
- Proficiency in the Microsoft Office suite of applications. Knowledge of iManage and ViewPoint would be an asset
- Must have the ability to learn quickly and work well with a team as well as independently
- Excellent verbal and written communication skills
- Sound organizational skills and ability to work under time pressure and extended work hours when required
- A strong sense of commitment and responsibility
Remuneration will be commensurate with qualifications and experience and will be in the range of US$100,000–US$125,000 per annum plus benefits.
Applications will be treated as strictly confidential.
Deadline for applications is 11 August 2023.