Role Summary
As Regulatory Compliance Officer (the “Key Person”) for the Jersey Office of Dominion, identify Regulatory and AML/CFT risks posed to Dominion Jersey entities and its clients. To create a compliance framework in order to enable Directors and Employees to be able to operate in accordance with the laws, rules and regulations of the regulatory body of Jersey and to meet ‘best practice’ as regarded by the industry. To support the Jersey business across both Trust Company Business (“TCB”) and Fund Services Business (“FSB”) licenses to implement a robust compliance environment, the creation and maintenance of robust policies and procedures to ensure adherence to regulatory and legislative requirements. To lead the Compliance Governance team and providing management, guidance and training to enable them to progress in their careers within compliance.
Key Responsibilities
ØWork with colleagues in developing and maintaining a good compliance culture throughout the Jersey business;
Ø Act as Money Laundering Reporting Officer, Money Compliance Reporting Officer and Compliance Officer, where required, ensuring all aspects of the role and responsibilities are complied with in accordance with the relevant Jersey legislation and regulations and Dominion’s Policies and Procedures;
ØAct as Money Laundering Reporting Officer, Money Compliance Reporting Officer and Compliance Officer, where required, for Dominion Jersey’s fund clients and AMLSP direct customers;
ØProvide advice on the compliance implications of proposed new services ahead of referral by the business to the Board;
ØServe as a member of the Risk and Compliance Committee;
ØAttendance and input into New Business Committee meetings;
ØResponsible for assisting the Board to manage compliance by assisting with the preparation of BRA/ERA, AML/CFT Business Risk Assessment and AML/CFT Strategy and Compliance Monitoring Plan;
ØResponsible for overseeing the Compliance Monitoring Plan and providing feedback to the Board;
ØEnsure all compliance owned registers are kept up to date e.g. PEP register, complaints, gifts and entertainment, sanctions, breaches etc.; and report them regularly to the Board or Risk and Oversight Committee;
ØAssist with the facilitation, creation and continuing operation of a compliance and control regime which ensures compliance with relevant regulations, laws and internal policies and procedures;
ØAssist the Board with the management of all Jersey policies and procedures;
ØPrepare compliance reports for the Risk and Compliance Committee and Dominion Jersey Board Meetings;
ØServe as a member of the Risk and Compliance Committee;
ØIdentify new relevant regulations and create new policies and procedures accordingly;
ØManage the Compliance Team and oversee their performance and objectives;
ØSupport the Company Secretarial Team ensuring all Dominion internal companies for each jurisdiction are maintained in good order;
ØSupport the Company Secretarial Team in relation to Dominion internal incorporations/dissolutions and beneficial owner and controller amendments;
ØBe the main point of contact between Dominion and the JFSC and any other Regulatory Body;
ØAssist the business to ensure compliance with the Data Protection (Jersey) Law 2018.
MLCO Responsibilities
ØRegularly monitors and tests compliance with systems and controls (including policies and procedures) in place to prevent and detect money laundering, counter the financing of terrorism, and counter the financing of proliferation – supported as necessary by a compliance or internal audit function;
ØReports periodically, as appropriate, to the Board on compliance with the supervised person’s systems and controls (including policies and procedures) and issues that need to be brought to its attention;
ØResponds promptly to requests for information made by the JFSC and the JFCU.
ØMonitors and tests the effectiveness of, policies and procedures; and
ØMonitors and tests the effectiveness of measures to raise awareness and training;
ØRemain up to date with Dominion’s obligations under the AML/CFT legislation and take reasonable measures to ensure compliance;
ØAdvise and assist with training and competency matters to include training staff in regulatory, legislative, Anti-Money Laundering, Countering the Financing of Terrorism and internal policies and procedures, compliance requirements and raising compliance awareness;
MLRO Responsibilities
ØReceives and considers SARs in accordance with Article 21 of the Money Laundering Order;
ØMaintains a record of all requests for information from law enforcement authorities and records relating to all internal and external SARs;
ØManages relationships effectively post disclosure to avoid tipping off any external parties;
ØActs as the liaison point with the JFSC and the JFCU and in any other external enquiries in relation to money laundering of the financing of terrorism;
ØMonitor the performance any deputy MLROs by requiring the MLRO to review:
osamples of records containing internal SARs and supporting information and documentation;
odecisions of the deputy MLRO concerning whether to make an external SAR;
othe bases for decisions taken.
Key Competences / Skills / Experience / Behaviours Required
ØBroad understanding of relevant regulatory requirements for regulated financial services business within the Dominion jurisdictions;
ØExcellent attention to detail and technical skills;
ØCorporate and Fund experience would be preferred;
ØSenior Management experience in Risk and Compliance;
ØHold relevant professional qualifications such as ICA International Diploma in Governance, Risk and Compliance.
To apply for this position, please email people@dominiondomore.com