Senior Compliance Manager – must have Cayman funds experience

THE COMPANY:

Our client is an international fund/loan administration firm, providing custom solutions to its clients drawing from years of industry experience.

THE RESPONSIBILITIES:

• Assist in operating, developing, enhancing and communicating the objectives of Business risk and compliance framework with an emphasis on risk mitigation and challenge, and assessment of business risk;
• Review KYC and assist Business in the review of documents for low, medium and high risk clients/investors, including PEPs;
• Review and advise Business on high risk activities such as third-party payments and bank account changes;
• Oversight of the sanction screening process, including potential filings of Compliance Reporting Forms;
• Prepare and deliver the quarterly Compliance Monitoring Program to Board of Directors
• Responsible for the annual preparation and filing of relevant AML surveys to Cayman Islands Monetary Authority (“CIMA”);
• Provide training to staff on key AML/ATF/APF regulations and the policies and procedures of the Group;
• Prepare and deliver AMLCO/MLRO reports;
• Prepare and deliver reports to Board of Directors on a regular basis:
• Investigate suspicious activity reports and, where necessary, prepare documentation for filing with the relevant Authority;
• Have key involvement in the development of IT solutions for regulatory requirements;
• Implement corrective actions to prevent identified compliance gaps;
• Monitor client activity;
• Oversight of the AML/ATF/APF portion of the external Audit;
• Record keeping;
• Monitor and keep abreast of legislation, regulations and CIMA guidance relevant to Cayman Islands compliance industry and AML/ATF/APF processes, and revision of Business processes as required.
• Assess Team resource allocation;
• Assist with recruitment and training of other Team members if required;
• Conduct performance reviews for any direct reports.
• Provide AML Officer function to Cayman Funds/Entities as required;
• Contribute to Group Compliance Team projects as required

EXPERIENCE REQUIRED:

• Essential to have Cayman regulatory knowledge.
• 5+ years of experience working in a similar role in the financial services industry. Experience must be related to business and commercial transactions, and experience gained in other offshore jurisdictions is preferred.
• Substantial experience in fund administration, legal and technology, with experience gained in working in the funds industry in other offshore jurisdictions preferred as well as knowledge of corporate governance, and relevant local laws and regulatory requirements;
• Familiarity with international data protection and privacy laws/regulations;
• Previous experience preparing for and working with CIMA during routine scheduled onsite inspections;
• Previous experience reporting and filing SARs and CRFs

For further information please contact Marcus Courtney