Senior Risk & Compliance Officer

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.
Good technical legal and regulatory knowledge, along with solid Trust and Funds and working toward Governance, Risk and Compliance ICA Dip.
Project Management skills desirable.

Key Responsibilities

  • Management of the Dominion Compliance Monitoring Plan :
    o Ensuring monitoring for both TCB and FSB related activities is conducted and completed in a timely manner;
    o Ensuring quality reports are presented (with all relevant supporting documentation) in final, to the Compliance Manager for review;
    o Identifying areas of improvement and ensure that Recommendations address the root causes identified
  • Management of the Compliance Monitoring Plan for Fund clients:
    o Ensuring monitoring for activities is conducted and completed in a timely manner;
    o Ensuring quality reports are presented (with all relevant supporting documentation) in final, to the Compliance Manager for review;
    o Identifying areas of improvement and ensure that Recommendations address the root causes identified
  • Train and develop the Assistant Risk & Compliance Officer, reviewing their work and enhancing their skills and capabilities
  • 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’
  • Assist with audit related matters from time to time
  • Assist the Compliance Manager in the management of the Incident Management Process from A-Z and ensure DOI’s are dealt with in a timely manner
  • Undertake ad hoc Risk & Compliance associated project work as directed
  • Oversight of Complaints Management process and escalation to the Compliance Manager.
  • Assist the Compliance Manager and the Head of Risk & Compliance Officer, MLCO and MLRO with the following:
  • o Preparation work and management of inspections by the Regulator (“JFSC”).
    o NRA Data Collection and submission to the JFSC
    o Research changes in regulation, where required
    o Develop AML guidance materials, training resources, and controls, where required
    o Address issues relating to transaction monitoring, filtering, and sanctions
    o Preparation and delivery of financial crime training from time to time.

Key Competencies/ Skills/ Experience/ Behaviours 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
  • 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

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