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- Tasks: Lead compliance efforts, manage risk assessments, and ensure regulatory adherence for Cayman funds.
- Company: Join a global fund administration firm known for tailored solutions and industry expertise.
- Benefits: Enjoy competitive salary, professional development opportunities, and a dynamic work environment.
- Why this job: Make a real impact in compliance while working with a diverse team in a reputable firm.
- Qualifications: 5+ years in financial services with Cayman regulatory knowledge; experience in fund administration is essential.
- Other info: Opportunity to contribute to IT solutions and engage in high-level compliance discussions.
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.
For further information please contact Marcus Courtney.
Senior Compliance Manager - must have Cayman funds experience (City of London) employer: Compliance Professionals
Contact Detail:
Compliance Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compliance Manager - must have Cayman funds experience (City of London)
✨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. This can help you gain insights into the role and potentially get referrals.
✨Tip Number 2
Stay updated on the latest regulations and compliance requirements 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 reaching out to current or former employees of the company you're applying to. They can provide valuable insights into the company culture and expectations for the Senior Compliance Manager role, which can help you tailor your approach during interviews.
✨Tip Number 4
Prepare to discuss specific examples from your past experience that demonstrate your knowledge of Cayman funds and compliance processes. Be ready to explain how you've successfully navigated challenges in previous roles, as this will showcase your expertise and problem-solving skills.
We think you need these skills to ace Senior Compliance Manager - must have Cayman funds experience (City of London)
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 responsibilities listed in the job description.
Craft a Strong Cover Letter: In your cover letter, address how your background meets the essential requirements, especially your knowledge of Cayman regulatory frameworks. Use specific examples from your past roles to demonstrate your expertise in risk mitigation and compliance.
Highlight Relevant Skills: Clearly outline your skills related to KYC reviews, AML regulations, and compliance reporting. Mention any experience you have with training staff or preparing reports for boards, as these are key responsibilities of the role.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial in compliance roles.
How to prepare for a job interview at Compliance Professionals
✨Showcase Your Cayman Funds Experience
Make sure to highlight your specific experience with Cayman funds during the interview. Discuss any relevant projects or challenges you've faced, and how you successfully navigated them. This will demonstrate your expertise and understanding of the local regulatory landscape.
✨Prepare for Compliance Scenarios
Anticipate questions related to compliance scenarios, especially those involving KYC, AML, and risk assessment. Be ready to discuss how you would handle high-risk activities and what steps you would take to mitigate risks in various situations.
✨Familiarise Yourself with CIMA Regulations
Brush up on the latest regulations and guidance from the Cayman Islands Monetary Authority (CIMA). Being knowledgeable about their requirements will show that you are proactive and serious about compliance, which is crucial for this role.
✨Demonstrate Leadership and Training Skills
Since the role involves training staff and conducting performance reviews, be prepared to discuss your leadership style and any previous experiences in mentoring or training team members. Highlight how you can contribute to building a strong compliance culture within the organisation.
