Purpose of the role:
As the Head of Client Compliance, you will run a Jersey-based team responsible for providing the Key Person role to relevant client entities administered, including advisory, compliance monitoring and board reporting.
Responsibilities:
- Act as the Lead named Compliance Officer, MLRO and/or MLCO for a number of client funds and performing these duties in accordance with Jersey regulations
- Maintain excellent client relationships and receive excellent client feedback
- Manage the development of client compliance monitoring plans and procedures, training modules to reflect changes in regulatory requirements, risk factors, and the procedures
- Manage and undertake compliance monitoring reviews relating to a number of client funds, including the completion of periodic monitoring reviews; the provision of regular reports to the Board and Senior Management and to the Clients Fund Board; ensuring that findings identified are tracked and addressed by the relevant business area
- Pro-actively participate in training programs on compliance and business related matters as required
- Liaison with the Senior Leadership Team and CI Head of Compliance on escalation matters
- Manage business processes ensuring data integrity, accurate and complete conversions/implementations, and provides post-implementation support
- Identify areas of risk and/or inefficiencies and recommends best practice
- Lead team projects in relation to changes to regulatory requirements for regulated client entities; function as a project lead or primary consultant on large projects with technical components
- As part of the review function, you will be responsible for identifying unusual or potentially suspicious transaction activity and escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
- Maintenance of all job-specific registers/logs including but not limited, regulatory correspondence, outstanding monitoring findings, breaches and complaints register
- Liaise with internal and external auditors for provision of information as appropriate
- Ensure the timely and accurate production of monthly and ad hoc management reporting as required
- Maintain spread sheets and forms to manage regulatory/control requirements and databases
Skills required:
- Typically requires a minimum of 7 years of related experience with a Bachelor’s degree; or 5 years and a Master’s degree; or a PhD without experience
- Full knowledge and evidence of practical maintenance of relevant financial services and AML/CFT legislation
- Competent in running teams and acting in a Senior Compliance role
- Previous experience in reporting to Boards
- Able to act independently but foster strong working relationships with internal functions
- Experience in maintaining client relationships would be an advantage
- Experience in being a Key Person would be an advantage