Purpose of the role:
Within this senior role you will be responsible for leading the development and promotion of the anti-financial crime (including anti-bribery and corruption and countering the financing of terrorism) strategy and framework. This role will also support the business in the management of AFC risk through the provision of training and advice on all AFC compliance and risk matters whilst also assisting with the development, execution, monitoring and reporting on procedural and regulatory aspects of the business from an AFC perspective.
Responsibilities:
- Establish and maintain a strong AFC compliance framework (including but not limited to: key risk identification and assessment, policies, procedures, controls, monitoring and assurance, defining metrics and reporting requirements, governance and effective AFC systems) with respect to all relevant regulated activities in order to meet all legal, regulatory and their group standards
- Build, lead and manage the AFC Compliance team and collaborate with the international teams to embed the Group’s AFC framework
- Build effective and collaborative relationships with the business and other relevant stakeholders
- Ensure that the AFC Compliance team or international team provides competent services to entities in respect of acting as required as Money Laundering Reporting Officer and/or Money Laundering Compliance Officer to various Group entities as required
- Act as the deputy Money Laundering Reporting Officer and/or Money Laundering Compliance Officer to various Group entities as required
- Ensure that the Group entities operate in accordance with their obligations under the framework of anti-money laundering legislation enacted in the relevant jurisdiction reporting and escalating any deficiencies
- Maintain an open and constructive relationship with the Jersey Financial Services Commission (“JFSC”) and act, if required as a liaison person for the Joint Financial Crimes Unit (“JFCU”) and any other relevant government authorities whether in Jersey or internationally
- Provide a professional AFC advisory service to the businesses
- Devise, programme and oversee risk-based monitoring of the business
- Identify, assess, monitor and report any relevant risks in transactions, businesses and processes
- Ensure new business, products lines and transactions are evaluated from an AFC compliance and risk perspective and all risks are adequately identified, understood, and effectively mitigated (where appropriate)
Skills required:
- Table 4 qualification
- Relevant Compliance qualifications
- + 10 years’ relevant finance industry experience
- A minimum of 5 years’ experience within the compliance environment
- Comprehensive knowledge of the AFC Legislation and Regulations
- Comprehensive knowledge of the Financial Services (Jersey) Law 1998 and associated Orders and Codes of Practice for Trust Company Business
- A detailed understanding of Risk Management