Purpose of the role:
You will assist in designing and implementing Funds new business support, including AML searches, collating CDD and associated financial crime risk assessment activities, in collaboration with the business.
Responsibilities:
- Recruit and manage team members as the Fund Administration business develops primarily focussed on client and investor on-boarding through conducting financial crime risk reviews
- Work closely with Fund Administration business team members involved with the client and investor take-on process to develop, implement and maintain efficient and effective and timely interaction and procedures between the business
- Assist with configuration and maintenance of Riskscreen On-board, EIDV application and any other on-boarding application and its interface with FIS Investran (Funds system) and ViewPoint regarding CDD and AML risk rating, in collaboration with the business, other R&C team members and IT
- Work collaboratively with other Managers to ensure absence cover and seamless on-boarding services, including appropriate team member cross training of law firm and procedures and system knowledge
- To provide guidance on AML/CFT, ABC, reputational risk and CDD matters, be a point of escalation and manage team responses to internal inquiries from fee earners and other stakeholders on substantive matters involving client on-boarding
- To escalate higher risk business to the MLRO, CRCO and/or appropriate business team member, as appropriate
Skills required:
- At least 5 years of experience working in a CDD/client take on role within a regulated Financial Services Business, including a Funds Services Business (FSB license)
- Experience of working with lawyers or professionals, client due diligence documents and data management systems
- Prior people management required, preferably including some remote team members
- Strong knowledge of corporate, fiduciary and funds services, including complex structures, in Jersey and/or Guernsey, Cayman and UK. Knowledge of Luxembourg fund administration business is beneficial
- Strong knowledge of AML regulations for regulated fiduciary and funds services including Jersey, Guernsey, Cayman and UK. Knowledge of Luxembourg AML regulations for fund services business is beneficial