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- Tasks: Lead compliance efforts, manage risk assessments, and ensure regulatory adherence.
- Company: Join a global fund administration firm with extensive industry expertise.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work environment.
- Why this job: Make a real impact in compliance while working with a dynamic team in the finance sector.
- Qualifications: 5+ years in compliance, Cayman funds experience, and strong knowledge of AML regulations required.
- Other info: Opportunity to contribute to innovative IT solutions for regulatory needs.
The predicted salary is between 72000 - 108000 £ per year.
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.
Contact Detail:
Job Traffic Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compliance Manager – must have Cayman funds experience
✨Tip Number 1
Network with professionals in the Cayman Islands compliance sector. Attend industry events or webinars where you can meet people who work in fund administration and compliance. Building these connections can provide valuable insights and potentially lead to job referrals.
✨Tip Number 2
Stay updated on the latest regulations and compliance practices specific to the Cayman Islands. Subscribe to relevant newsletters or follow regulatory bodies on social media to ensure you're well-informed about any changes that could impact your role.
✨Tip Number 3
Consider joining professional associations related to compliance and financial services in the Cayman Islands. These organisations often offer resources, training, and networking opportunities that can enhance your profile and make you a more attractive candidate.
✨Tip Number 4
Prepare for potential interviews by familiarising yourself with common compliance scenarios and challenges faced in the Cayman Islands. Be ready to discuss how your experience aligns with the specific responsibilities outlined in the job description, particularly around AML and CIMA interactions.
We think you need these skills to ace Senior Compliance Manager – must have Cayman funds experience
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in compliance, particularly with Cayman funds. Emphasise your 5+ years in the financial services industry and any specific roles that align with the job description.
Craft a Strong Cover Letter: In your cover letter, address your understanding of Cayman regulatory knowledge and how your previous roles have prepared you for this position. Mention specific examples of your experience with KYC, AML regulations, and compliance reporting.
Showcase Relevant Skills: Highlight skills that are crucial for the role, such as risk assessment, compliance monitoring, and training staff on AML/ATF/APF regulations. Use bullet points to make these stand out in your application.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A well-presented application reflects your attention to detail, which is vital in compliance roles.
How to prepare for a job interview at Job Traffic
✨Showcase Your Cayman Funds Experience
Make sure to highlight your specific experience with Cayman funds during the interview. Be prepared to discuss how your knowledge of local regulations and compliance practices can benefit the company.
✨Demonstrate Your Risk Management Skills
Since the role involves risk mitigation, come prepared with examples of how you've successfully identified and managed risks in previous positions. This will show your potential employer that you can handle the responsibilities of the role.
✨Prepare for Compliance Scenarios
Anticipate questions related to compliance scenarios, such as handling suspicious activity reports or managing high-risk clients. Practising your responses will help you articulate your thought process clearly during the interview.
✨Familiarise Yourself with CIMA Procedures
Understanding the Cayman Islands Monetary Authority's procedures is crucial. Brush up on your knowledge of their requirements and be ready to discuss how you've interacted with them in past roles, especially during inspections.
