Associate Director – Risk and Compliance - Guernsey

To make a significant contribution to Guernsey R&C and represent matters at Group R&C level.  Planning, executing and closing Guernsey related Risk & Compliance projects and work-streams and change management in respect of Risk & Compliance matters. In addition, support Guernsey R&C advisory service that supports all business functions acting as Compliance Officer (CO), Money Laundering Compliance Officer (MLCO) and Money Laundering Reporting Officer (MLRO) for the Licensees.  Mentoring and training of more junior members of staff and supporting the Board of Directors in ensuring that regulatory requirements are met.

MAIN RESPONSIBILITIES AND DUTIES

• Act as Compliance Officer (CO), Money Laundering Compliance Officer (MLCO) and Money Laundering Reporting Officer (MLRO) for certain JTC and POI regulated businesses.
• Assumes ultimate responsibility for the successful management of an extensive and varied workload, including the provision of a professional risk and compliance services to the “internal client” Leads on risk and compliance matters (including making jurisdictional regulatory notifications).
• Act as the primary R&C business lead, responsible for Board level regulatory advisory, risk and compliance reporting, board meeting attendance as well as presentations and training provision.
• Supervising JTC Licensees’ and Client Licensees’ businesses, business risk assessments, compliance and AML/CFT/CPF policies and procedures, compliance monitoring programmes; and registers (‘core compliance infrastructure materials’).
• Act as a primary point of contact between the regulator and relevant reporting institutions.
• Leads, inspires, and motivates the team members to ensure an effective, efficient and harmonious working environment, promoting JTC values and supporting the unique stakeholder culture.
• Provision of advice (excluding legal and tax) and regulatory guidance to JTC and clients and the business in relation to risk, regulatory compliance and AML/CFT/CPF issues.
• Leads in relation to suspicious or unusual transaction reporting and risk-escalated and contentious matters, including complaints and legal disputes.
• Liaising with auditors and other service providers (e.g., custodians).
• On-going review and maintenance of core compliance infrastructure material.
• Producing management information and reports in a timely manner.
• Maintaining an up to date understanding of the relevant legal and regulatory requirements and maintaining awareness of developments and changes to compliance and risk management matters.Assisting with the review of new laws, rules, and regulatory requirements and in conjunction with the wider R&C team, liaising with local management and advising the Board about their impact and ensuring JTC meets all relevant requirements and always operates good practice.
• Responsible to oversee ongoing effective compliance / transactional monitoring in accordance with regulatory and business requirements for client entities.
• Manage and mitigate risk through an independent programme of thematic reviews and quality assurance checking.
• Ensure accurate schedules of findings and key review documentation is maintained.
• Provide advice and guidance to the business in relation to risk, compliance and AML/CFT/CPF issues.
• Maintains key relationships with Chief Risk Officer, Group Head of R&C, Group Chief Counsel and R&C colleagues in all jurisdictions.Further the jurisdictional MD and senior management team, internal audit teams, clients, regulators, law enforcement and industry professions and influencers.
• Act as a business lead in providing guidance on pricing related matters in respect to client compliance services to new or existing clients and in re-pricing decisions.
• Assist with embedding a positive compliance culture within the business, through close personal engagements.
• Remain aware of the obligations for the reporting of suspicious transactions externally.
• Ensuring own knowledge of, and compliance with, policies and procedures.
• Adhere to CPD requirements in accordance with qualification level and JTC’s policy and procedure.
• Attending relevant seminars and conferences.
• Adhere to JTC core values and expected behaviours.
• Any other duties as deemed necessary by senior management.

ESSENTIAL REQUIREMENTS

• ICA Diploma qualified.
• At least 10 years industry experience.
• Expertise and comprehensive technical knowledge of corporate governance, compliance, and risk management.
• Comprehensive and current understanding of the regulatory obligations and the reporting obligations.
• Solution-driven with a practical and commercial approach.
• Experience of reporting at executive and Board level.
• Exceptional attention to detail with the ability to review and resolve complex issues.
• Excellent communication skills both verbal and written across all levels.
• Strong leadership and management skills including planning and project management.