Chief Compliance & AML Officer

Praxis is an independent, leading provider of bespoke private wealth, corporate administration and yacht services to companies, individuals and families across the world. Our expertise and experience is driven by recruiting and retaining the brightest and best and creating a culture that allows people to thrive. Our independence encourages an open culture where every voice is valued. We care about creating an environment that hears, supports and shares openly with all our people. Teamwork and collaboration are at the heart of our approach, and we nurture an environment of openness and respect where everyone feels valued.

Our private wealth and corporate services teams work with our clients and their advisers, delivering an efficient, informed and personal service. We operate a fast-paced and rewarding environment with opportunities to service a variety of international clients across all asset classes.

Job summary: Reporting directly to the board of directors and will have overall responsibility for implementation and maintenance of compliance policies and procedures, having a thorough understanding of the industry and the regulatory framework applicable to Trust and Company Service Providers in the jurisdiction. Ensuring the Compliance function operates in accordance with the Praxis Group Compliance Framework, Policies and Procedures.

Job accountabilities:

• Appointed as Compliance Officer and Money Laundering Reporting Officer operating in accordance with the local regulatory requirements.
• Provide advice and guidance to the business and other Compliance staff to enable the business to operate efficiently in meeting its strategic plans and objectives, whilst continuing to meet regulatory and legislative requirements.
• Assist with the dissemination of regulatory and legislative updates to the Board, Group and appropriate personnel.
• Identify and arrange for gap analysis of changes required to Praxis’ systems and controls including policies and procedures, highlighting areas for improvement.
• Oversee the continual development and maintenance of relevant policies and procedures.
• Manage the regular Compliance oversight of processes on a risk-based approach to identify trends in non-compliance and identification of root causes.
• Assist with the development of appropriate staff training and awareness programmes to help the business better comply with regulatory and legislative requirements.
• Assist in all aspects of Compliance and the anti-financial crime controls as required to assess, evaluate, report, and minimise compliance risk within the business.
• Perform compliance related administrative tasks and maintain relevant registers.
• Assist with general compliance and anti-financial crime queries.
• Ensure all regulatory filings and other notifications are submitted appropriately and on time.
• Managing arrangements for the provision of information to the regulator under their annual and ad-hoc data collection exercises.
• Ensure the take-on of new clients is in accordance with regulatory and legal requirements and internal policies and procedures, to include reviewing all new business documentation for adequacy on an arising basis.
• Maintain the Compliance Monitoring Programme, completing it in a timely manner with no material backlogs.
• Reviewing the hits from the overnight screening of names and liaising with the business on follow ups.
• Assessing and confirming the adequacy of CDD as requested and maintenance of the respective Compliance records.
• Supply advice and guidance to the business and where relevant to other compliance staff to enable the business to operate efficiently and effectively in meeting its regulatory and legislative obligations.
• Act as GDPR representative and attend in-house GDPR meetings.
• Provide regular reporting to the board of directors and the Group Head of Compliance.
• Carry out any additional Compliance related function/activity required by the directors or Group Head of Compliance from time to time.

Minimum education and experience: Professional, management or technical qualification, or at least 5 years financial services experience, including 3 years of direct Compliance experience, at a senior level. Good interpersonal skills to develop and maintain close working relationships with the board of directors, colleagues in the client services areas, operational support staff and relevant third parties. Demonstrate good knowledge of the client services provided by Praxis, compliance and anti-financial crime issues and the regulatory framework in order to be able advise on complex matters. For any key person roles, no objection must be received from the regulator.

Required skills: Excellent oral and written communication skills. Professional outlook and manner, with the ability to relate effectively to stakeholders at all levels and to manage stakeholder requirements effectively and on a timely basis. Ability to prioritise work schedule and meet deadlines; Ability to take part in and contribute to management meetings; Ability to put forward recommendations to the Board.

Additional information: In addition, all our team members are expected to be committed to our core values: We inspire, We listen, We trust, We succeed together.