Purpose of the role:
You will supervise and assume responsibility for the management of the local Risk and Compliance team.
Responsibilities:
- Act as Deputy to other senior registered compliance individuals and provide technical support and guidance to the Compliance Team
- Maintain and regularly update the regulatory & compliance registers, including complaints, matters of concern, sensitive cases, suspicious transactions, potential litigation and litigation, high-risk clients, PEP/high profile clients, exceptions to client administration policy, closures, gifts and entertainment
- Maintain, execute and regularly update the core local compliance and monitoring systems
- Carry out periodic checks, audit tracks and monitoring to confirm compliance with legislation, regulations, guidance and internal policies and procedures
- Carry out compliance checks of new business proposals and extensions to then make a recommendation to management regarding the on-boarding or rejection of the potential client
- To drive specific risk and compliance projects
- Maintain an up-to-date awareness of the various requirements under local law, regulations and regulatory guidance as they apply to compliance
- Assist in ensuring that regulatory notices are analysed and distributed as appropriate
- Issue Group Introduction Certificates, and assist in the issue of Introduction Certificates as they relate to KYC/CDD documents. Carry out testing of introductions where required under regulatory guidance
Skills required:
- Strong technical knowledge of trust and company administration and a high level of experience of the client and other risks inherent within trust business, together with commercial awareness
- Self-motivated
- Team leader and team player
- A strategic thinker who prioritises workload
- Able to demonstrate the highest level of integrity in all matters
- An ability to lead the Risk and Compliance team by example and to supervise and support the development of other staff
- Good knowledge of MS Office applications
- Have a strong technical knowledge of the Jersey Anti-Money Laundering legislation and regulations