Principal Duties and Responsibilities:
- Assist the Head of Compliance with compliance and risk management projects
- Ensure that the global risk management strategy for the organisation is implemented
- Support the Board and Head of Compliance in embedding a risk aware culture ensuring a risk approach adheres to the organisation's 'risk appetite'
- Ensure compliance with regulatory obligations whilst taking a commercial and practical approach to risk-based challenges and offer appropriate solutions
- Continually drive for enhanced efficiency and client service (internal and external) in all risk and compliance processes
- Ensure staff remain informed of regulatory, legislative and best practice changes and their obligations under these changes
- Lead the client on-boarding process driving efficiency to most effectively adhere our risk appetite ensuring that all required checks and procedures are complied with before a client is accepted
- Ensure compliance monitoring of clients and related parties for the duration of the engagement and take appropriate actions on trigger events
- Manage all compliance reporting and notifications to relevant staff and stakeholders as required
- Provide support and coordinate staff to enhance risk awareness within the organisation
- Ensure that the client database is updated with all relevant compliance data including the creation of relevant master files, and completing required registers
- Act as a contact for staff or client queries arising from the group’s anti-money laundering policies and procedures
- Coordinate the resolution of compliance issues arising within the relevant service lines and liaise with the relevant Services Manager and Managing Director as appropriate
- Act as a member of various risk or new business committees as required
- Ensure that client identification documents are maintained in accordance with internal and regulatory requirements
- Create and maintain the necessary physical and electronic files for CDD records
- Conduct ongoing reviews of client risk and client due diligence documentation, and ongoing public and system searches of the client database
Knowledge, Skills and Experience Required:
- University graduate with a solid understanding and working knowledge of AML and CTF regulations in the Cayman Islands and thorough knowledge of KYC/CDD requirements
- A recognized compliance qualification, e.g. ACAMS or ICA
- At least 3 years’ experience in a compliance role, preferably within the corporate and fiduciary services sector
- The position requires attention to detail and excellent time management skills as well as a high degree of integrity and a proven ability to maintain strict confidentiality
- Proficiency in the Microsoft Office suite of applications and ViewPoint
- Must have the ability to learn quickly and work well with a team
- 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$120,000 per annum plus benefits.
Deadline for applications is 22 March 2024.
Only applicants selected for an interview will be contacted.