Purpose of the role:
This role will be accountable for assisting the Funds Services key person role(s) to oversee the effectiveness of all AML/CFT systems, whilst assisting with the management and development of AML/CFT regulatory processes.
Responsibilities:
- Provide ongoing support to the client entity Money Laundering Compliance Officer (MLCO) and client entity Money Laundering Reporting Officer (MLRO)
- Assist with analysing new legal and regulatory requirements relating to your role, to secure their compliance culture and identify areas where new or improved policies and procedures are required
- Assist with providing or arranging relevant training for the team and client boards on our client entities AML/CFT obligations, so that the team are familiar with our controls framework and have the opportunity to ask questions
- Assist with the management and development of AML/CFT regulatory processes, including reviewing local regulatory websites and reporting pertinent information and updates to the Compliance Manager
- Foster a culture of compliance through embedding risk management principles in all collaboration within Risk and Compliance, other Business Service teams and the business
- Keep abreast of relevant legal and regulatory changes and industry standards, to drive continuous improvement
Skills required:
- Experience of dealing with all aspects of the JFSC AML/CFT and Regulatory Codes as it relates to client entities of a funds services business, with experience in other jurisdictions as well, deemed beneficial
- Understanding of the Jersey Private Fund Guide and its implementation
- Experience in assisting with regulatory type matters and regulators/auditors and other external stakeholders
- Experience of dealing with testing and implementation of systems, controls and policies and procedures to adequately meet the needs of regulated client entities