At a Glance
- Tasks: Ensure compliance with regulations and provide guidance to client entities.
- Company: Join a leading firm in the Guernsey finance industry.
- Benefits: Competitive salary, professional development, and potential for agile working.
- Other info: Dynamic role with opportunities for career growth and leadership.
- Why this job: Make a real impact by ensuring financial integrity and compliance.
- Qualifications: 5 years in finance and compliance, with relevant qualifications.
The predicted salary is between 50000 - 60000 £ per year.
The role holder will act as the appointed Compliance Officer (CO) for licensed client entities serviced by the Client Compliance team. This position ensures that client entities meet all regulatory obligations under the GFSC framework, including financial crime requirements and compliance with applicable laws, rules, and codes of practice. The individual will provide assurance to Boards of client entities, oversee compliance monitoring, and act as the primary point of contact for regulatory and law enforcement matters relating to these prescribed roles.
Key Responsibilities
- Serve as the appointed Compliance Officer for licensed client entities under GFSC laws and applicable sector-specific rules.
- Design, implement, and maintain the compliance monitoring programme for each client entity, ensuring monitoring activities are conducted on schedule and in accordance with GFSC expectations.
- Provide proportional, accurate, and timely compliance advice and guidance to the business, management, and Boards of client entities on regulatory obligations.
- Compile and present Management Information on compliance matters to Boards of client entities and for internal group reporting purposes.
- Draft, maintain, and periodically review compliance policies and procedures for client entities.
- Prepare and submit an Annual Compliance Report to the Board of each client entity.
- Act as the primary point of contact with the GFSC on all compliance matters relating to client entities.
- Ensure timely notification to the GFSC of material compliance failures, regulatory breaches, or other matters required to be reported.
- Maintain oversight of Business Risk Assessments (BRAs) for client entities.
- Oversee sanctions compliance obligations for client entities.
- Maintain oversight of staff fitness and propriety assessments and associated record-keeping.
- Act independently in the discharge of compliance obligations.
- Support the operation of effective whistleblowing arrangements within client entities.
- Attend relevant internal committee meetings and promote a positive compliance culture.
- Ensure knowledge of compliance obligations is kept up to date.
The ideal background for this role
- Relevant compliance qualification recognised by the GFSC.
- 5 years’ relevant finance industry experience.
- 5 years’ experience within the compliance environment.
Knowledge
- A detailed knowledge and understanding of the Guernsey finance industry and GFSC regulatory requirements.
- Comprehensive knowledge of Guernsey AML/CFT/CPF legislation and the GFSC Handbook for Financial Services Businesses.
- Knowledge of Guernsey sanctions legislation.
- Understanding of the GFSC fitness and propriety requirements for prescribed role holders.
- Familiarity with the GFSC Codes of Practice applicable to fiduciaries and/or investment businesses.
- Previous experience of acting as a CO in Guernsey.
- Ability to manage competing priorities and deadlines under pressure.
- Previous experience of communicating with regulators.
Skills & Abilities
- Persuading and influencing.
- Leadership skills.
- Strong communication skills.
- Attention to detail.
- Ability to train and educate all levels of staff.
- Building and creating a sense of team spirit and loyalty.
- Ability to develop policy, procedures and processes.
Role Location/Hybrid Schedule
This role is based in our Guernsey office. Although the nature of most of the roles within Gen II cannot be classed as totally flexible, there is scope in some cases for a form of Agile Working.
Legal statements
This role is a prescribed role under Guernsey financial services legislation. As Compliance Officer, you will be required to be a fit and proper person as assessed by the Guernsey Financial Services Commission (GFSC) and will be expected to maintain that status on an ongoing basis.
Compliance Officer employer: Gen II Fund Services
At Gen II, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of Guernsey. Our commitment to employee growth is reflected in our supportive culture, where compliance professionals can thrive through continuous learning and development opportunities. With a focus on maintaining a positive compliance culture and flexible working arrangements, we ensure that our team members feel valued and empowered to make a meaningful impact in their roles.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Officer
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Gen II Fund Services looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Officer
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Gen II Fund Services. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Gen II Fund Services
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Gen II Fund Services’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
