Purpose of the role:
To carry out the functions of Compliance and Risk Management, with emphasis on ensuring that the business operates within all required legislation and regulation.
Responsibilities:
- Participate as a member of the Operating Committee of the branch
- Handle risk matters required of the branch
- Ensure that the business operates in line with all relevant Jersey Laws and regulations
- Ensure that the business operates with in all Group Directives and Policies and as required all Policies and Standards
- Conduct all required reporting the Jersey Financial Services Commission
- Complete all required reporting, participating as required at any meetings
- Conducting, within required timescales, the monitoring required under the Branch approved monitoring plan, issuing reports following monitoring undertaken and tracking findings to a conclusion and the reporting of progress against such plan to OPCO and JBOC
- Maintain the Branch’s breaches/losses registers and complaints database ensuring accurate management reports are available, reporting to regulators as required
- Oversee Branch client take-on, compliance assessment of risks and obtaining Group approvals of new clients as required
- Checking documentation provided for new clients and ensuring the accuracy of client data within NCM, providing sign off once CAC approved
- Ownership of NCM Compliance workflows for periodic reviews and CIP updates
Skills required:
- Act as a member of the Client Acceptance Committees
- Maintenance of the Branch AML/CFT business risk assessment
- Monitoring new and impending legislation/regulation that may affect the Branch, liaising with Branch Manager to prepare summary reports for OPCO and JBOC, including commentary on impact for business and action required
- Reporting to and attendance at a meeting of JBOC and OPCO
- Investment business oversight (T&C and Suitability) may form part of the role