Head of Compliance

An exclusive opportunity has opened with a Jersey-based independent Trust provider for a Head of Compliance.

Job Purpose: Lead the Risk and Compliance team.

The firm is flexible regarding the role i.e. if you are a professional who is not quite ready for a Head of Compliance position but aspire to be ready soon then this could be a fantastic career move. Alternatively, those who are happy to do the role but do not wish to be the JFSC main point of contact then this would also be considered.

Key Responsibilities:

• Perform duties of Money Laundering Compliance Officer per the Money Laundering (Jersey) Order 2008.
• Act as Compliance Officer as per Financial Services (Jersey) Law 1998 and the TCB Code of Practice.
• Ensure compliance with regulatory obligations in collaboration with the board of directors.
• Provide quarterly written compliance reports to the Board/Committees.
• Monitor and test the effectiveness of internal policies and procedures.
• Manage and update the business risk assessment with the board.
• Oversee customer due diligence policy, ensuring a risk-based approach.
• Maintain AML/CFT/CPF and sanctions policies.
• Oversee corporate governance and conduct of business policies.
• Monitor legislative and regulatory changes, updating the board and staff.
• Support and resolve AML, CFT, CPF, and sanctions cases, reporting risks to the board promptly.
• Manage training on AML, CFT, CPF, sanctions, and compliance for relevant staff.
• Assist the Money Laundering Reporting Officer in AML investigations.
• Potentially serve as Deputy Money Laundering Reporting Officer.
• Hold key positions for Managed Trust Companies and AML Service Provider clients, possibly as MLRO, and provide compliance reports to their Boards.