Risk & Compliance Manager

Role Summary

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.
Strong technical legal and regulatory knowledge, along with solid Trust and Funds experience is pre-requisite. Will act as MLRO, MLCO and Compliance Officer.

Key Responsibilities

  • Oversee the Compliance Monitoring Plan:
    o Ensuring monitoring is completed in a timely manner;
    o Ensuring findings are chased and cleared in a responsible time;
    o Identifying weaknesses and procedure improvements
    o Completing higher areas of the Compliance Monitoring
  • Oversee maintenance of the Risk & Compliance Registers, ensure regularly reviewed and updates received
  • Oversee daily Screening and Sanction Updates and ensure relevant results are either discounted and/or escalated in accordance with Policy
  • Conduct New Business Reviews upon New Clients and ensure 90-day Reviews and undertaken
  • Conduct : Client File Reviews, Event Driven Reviews and Due Diligence Reviews from time to time
  • Provide support and guidance to Company Secretary when required
  • Undertake ad hoc Risk & Compliance associated project work as directed
  • Liaise with 3rd parties who place Obliged Person reliance upon Dominion
  • Assist the Head of Risk & Compliance Officer, MLCO and MLRO with the following:
    o Preparation work and management of inspections by the Regulator (“JFSC”).
    o Assist with NRA Data Collection and submission to the JFSC
    o Manage the Business Risk Assessment and Risk Register
    o Research and understand changes in regulation.
    o Draft and implement Policies and Procedures relating to AML in Dominion and
    oversee the implementation of those policies.
    o Work to develop AML guidance materials, training resources, and controls.
    o Work with Co/Sec to compile MI Board Reporting for both Board and Risk & Compliance Committee.
    o Undertake AML Risk Assessments and monitor remedial proceedings.
    o Oversee and approve any advertisements prior to publishing and broadcasting.
    o Address issues relating to transaction monitoring, filtering, and sanctions.
    o Proceeds of Crime Notices and data submissions to the JFSC as requested from time to time.

Key Competencies/ Skills/ Experience/ Behaviours Required

  • Risk & Compliance experience, minimum 5 years demonstrated experience
  • Solid 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
  • Ability to work without supervision and manage time and priorities appropriately
  • Professional manner with the ability to influence and persuade
  • Excellent verbal and written communication skills and able to communicate effectively at all level
  • Efficient and well organised
  • A team player
  • Task orientated with strong analytical skills
  • Discretion, tact and resilience
  • Actively promote a healthy compliance culture, deliver change and positively contribute to culture change successfully
  • Proactive approach to learning and development, demonstrated by a record of continuing professional development
  • Must hold ICA qualifications

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