Compliance Manager (Country Lead)

The Compliance Manager will work in close proximity with the Chief Risk Officer and Managing Director to ensure that the Company has a tight and compliant regulatory regime within the Cayman Islands.

Duties: 

• Accept appointment as the Anti-Money Laundering Compliance Officer (AMLCO) and Money Laundering Reporting Officer (MLRO), acting as the main point of contact between the organization and the relevant authorities;
• Ensure compliance and risk issues are identified, managed and controlled to maintain a robust risk culture while overseeing the implementation of the global risk management strategy;
• Lead the client on-boarding process, driving efficiency to most effectively adhere to our risk appetite ensuring that all required checks and procedures are complied with;
• Ensure that clients are monitored through the duration of their life and appropriate action taken at any trigger event such as a raise in risk profile;
• Manage intragroup activities e.g., conflict checks and sanctions screening for the group as required;
• Act as an advisor to senior management and the board of directors on issues of regulation, risk management, corporate governance, best practice and internal policies and procedures;
• Liaise with external third parties, such as the Cayman Islands Monetary Authority (CIMA) and the Financial Intelligence Agency on behalf of the company and its affiliates;
• Manage the compilation, delivery and facilitation of compliance-based training as appropriate and maintain anti-money laundering training logs;
• Act as a point of reference in relation to proposed regulatory/legislation changes (consultation papers and similar), communicating regulatory changes to the organization as relevant;
• Maintain responsibility for the completion of Business Risk Assessments, producing a summary report of findings with suitable recommendations or remedial activities;
• Manage the development and implementation of Compliance monitoring programmes, and the management of remedial activities;

Requirements:

• A professional (e.g., legal or accounting) or recognized compliance designation (e.g., ICA or ACAMS);
• At least 5 years’ experience in a regulated or supervised environment, preferably compliance, managing small to medium sized teams;
• A demonstrable understanding of international policy in the fields of anti-money laundering and anti-terrorist financing by groups such as the Financial Action Task Force, the International Monetary Fund, etc.;
• A working knowledge of the Cayman Islands requirements in the fields of an anti-money laundering, anti-terrorist financing and the acts and regulations governing financial services;
• Excellent understanding of customer due diligence, including enhanced due diligence and high-risk features;
• A good understanding of different corporate and trust structures used in the offshore market;
• A comprehensive knowledge of client types and associated CDD requirements, etc.;
• Exceptional written and oral communication skills together with strong analytical and problem-solving skills.