Overview
We are seeking an experienced and motivated Senior Compliance Officer (Deputy MLCO) to join our Compliance team in Guernsey. This is an exciting opportunity for a financial crime and compliance professional to play a key role in supporting the Money Laundering Compliance Officer (MLCO) and strengthening the organisation's Financial Crime Compliance Framework.
As Deputy MLCO, you will provide resilience and support to the MLCO function, ensuring robust oversight of anti-money laundering (AML), counter-terrorist financing (CTF), counter-proliferation financing (CPF), sanctions and wider financial crime risks. You will act as a trusted adviser to stakeholders across the business, providing independent challenge, regulatory guidance and practical solutions to support effective risk management and regulatory compliance.
The successful candidate will contribute to the ongoing development of the compliance framework, support governance reporting to senior management and Board committees, and help foster a strong culture of compliance and risk awareness throughout the organisation.
Key Accountabilities
MLCO Support and Financial Crime Oversight
- Act as Deputy MLCO, providing support and continuity for the MLCO function across the organisation.
- Deputise for the MLCO at governance meetings and regulatory engagements when required.
- Support the development, implementation and enhancement of the Financial Crime Compliance Framework.
- Assist in maintaining Business Risk Assessments and Financial Crime Risk Assessments.
- Monitor emerging financial crime risks, regulatory developments and industry best practice.
- Support regulatory reviews, inspections, information requests and remediation activities.
Compliance Monitoring and Assurance
- Conduct and oversee compliance monitoring reviews to assess the effectiveness of financial crime controls.
- Support delivery of the Compliance Monitoring Programme and ensure actions are tracked to completion.
- Provide advice and constructive challenge to business areas on compliance and regulatory obligations.
- Identify opportunities to improve policies, procedures and internal controls.
- Escalate compliance breaches, control weaknesses and regulatory issues as appropriate.
Governance and Reporting
- Prepare high-quality management information and reporting on compliance and financial crime risks.
- Develop meaningful compliance metrics and key risk indicators.
- Support reporting to Executive and Board Committees.
- Ensure significant compliance and financial crime matters are appropriately escalated.
Leadership and Stakeholder Management
- Coach and support members of the Compliance team.
- Build strong working relationships across the first, second and third lines of defence.
- Act as a trusted adviser to stakeholders on compliance and financial crime matters.
- Promote a positive culture of compliance, accountability and risk awareness.
Risk Management
- Support the ongoing enhancement of the Risk Management Framework.
- Assist the business in identifying, assessing and managing regulatory and financial crime risks.
- Contribute to risk and control assessments and maintenance of risk registers.
- Support the organisation in operating within its defined risk appetite.
Requirements
Essential
- Minimum 5 years' experience in Compliance, Financial Crime, Risk or Audit within a regulated financial services environment.
- Strong knowledge of AML, CTF, CPF and sanctions requirements.
- Experience conducting compliance monitoring, assurance reviews or regulatory compliance assessments.
- Experience preparing and presenting reports to senior management and governance committees.
- Proven ability to influence and advise stakeholders on regulatory and compliance matters.
- Experience supporting regulatory inspections, thematic reviews or audit activity.
- Experience coaching, mentoring or supervising colleagues.
- Excellent analytical, communication and stakeholder management skills.
Desirable
- Experience supporting an MLCO function within a regulated financial services organisation.
- Previous Deputy MLCO responsibilities or equivalent financial crime leadership experience.
- Experience engaging with the Guernsey Financial Services Commission (GFSC) and/or Jersey Financial Services Commission (JFSC).
- Experience developing financial crime risk assessments and compliance frameworks.
- Experience operating within a Three Lines of Defence model.
- ICA qualification or equivalent professional qualification at degree level.
Senior Compliance Officer - Deputy MLCO employer: Smart Recruitment
As a temporary HR Advisor in the education sector, you will be part of a supportive and collaborative work culture that values your expertise and contributions. Located in the Yeovil area, this role offers flexible term-time hours, allowing for a great work-life balance while providing meaningful support to the local school community. With opportunities for professional growth and the potential for a permanent position, this is an excellent chance to make a positive impact in education.
