Purpose of the role:
To perform a full range of risk and compliance tasks including assistance with provision of a compliance framework to all regulated entities, in order to support both the Head of Risk & Compliance and assist the business, operate in accordance with its legal and regulatory obligations, comply with the Codes of Practice; and meet industry best practice.
Responsibilities:
- Oversee maintenance of the Risk & Compliance Registers and ensure updates are reviewed and accurate
- Oversee daily Screening and Sanction Updates and ensure relevant results are either discounted and/or escalated in accordance with Policy
- Review New Business Reviews take-on documentation and ensure 1-month Reviews are conducted in at timely manner
- Ensure that Prospective Clients are made live on NAV efficiently and in timely manner
- Conduct : High Risk Client File Reviews, Event Driven Reviews and Due Diligence Reviews from time to time
- Ensure that existing automated Alteryx and other reports are produced monthly, are accurate and ensure that relevant risk information identified is referenced in quarterly MI Reporting
- Assist the Compliance Manager, where required, to compile Compliance Reporting for both Board and Risk & Compliance Committee and ensure timely delivery in accordance with relevant TOR’s
Skills required:
- Risk & Compliance experience, minimum 3 years
- Excellent verbal and written communication skills and able to communicate effectively at all levels
- Ability to work without supervision and manage time and priorities appropriately
- Efficient and well organised
- Good understanding of both the Trust Company Codes of Practice, Funds Services Business Code of Practice and Certified Funds Code of Practice
- Practical experience and understanding of the application of the Money Laundering (Jersey) Order 2008, Proceeds of Crime (Jersey) Law 1999, Terrorism (Jersey) Law 2002, AML CFT Handbook and other related legislation, standards and codes of practice