ROLE OVERVIEW
PURPOSE OF JOB
The purpose of this role is to support the Jersey Risk & Compliance function’s senior management team in undertaking the above activities. In performing this role, the role holder will have regard to all relevant Laws, Orders, Codes, JTC Group policies, procedures and practices and act to support and protect all JTC business undertaken in Jersey. The role holder is responsible for identifying and managing risk within JTC Jersey.
MAIN RESPONSIBILITIES AND DUTIES
- Contribute to JTC’s compliance and risk strategy and culture; liaising with the senior management team and advising on relevant regulatory matters and best practice within the industry to ensure that JTC has in place a robust compliance control framework.
- Provide comprehensive advisory, monitoring and control services to the Jersey business to manage compliance within regulatory and internal policies and procedures.
- Play a key role in managing enterprise-wide risk framework for managed trust companies and any other client entities as advised. Monitor and report effectively on key Risk and Compliance indicators. Work closely with the Head of Compliance in management of this framework and ensure it remains fit for purpose on an ongoing basis.
- In consultation with senior management, issue, revise and adopt compliance and business Policies, Guidance and Procedures in line with developments in legislation, regulations, and best practice.
- Manage members of the Risk & Compliance team in their execution of compliance tests ensuring a robust evidence-based process is followed with clear and concise recording of any identified breaches and/or Compliance control weaknesses.
- While performing the role, identify and report any matters that indicate a need for additional training and/or guidance.
- Take ownership of a defined set of Risk & Compliance Policies and Procedures (Team and business), to include their maintenance and providing training in their use.
- Assist with delivery of Risk & Compliance induction and refresher training.
- Provide advice, guidance, and training to colleagues in relation to risk, compliance and AML/CFT issues, assisting with any applicable technical queries and reviews of documentation.
- Support and oversight of the management of any breaches and errors, to include investigation and remediation where appropriate.
- Promote awareness of regulatory principles and requirements on a day-to-day basis and contribute to the education of other members of staff in this regard.
- Assist with the management of the Risk and Compliance Team.
- Assist with monitoring industry developments and taking forward any action points arising.
- Remain aware of the obligations for the reporting of unusual transactions.
- Adhere to Risk & Compliance procedures in relation to regulatory requirements and AML legislation.
- Adhere to CPD requirements in accordance with qualification level and in-house procedures.
- Adhere to JTC core values and expected behaviors.
- Any other duties as deemed necessary by Management.
ESSENTIAL REQUIREMENTS
- Previous Risk & Compliance experience.
- Knowledge of current regulatory requirements.
- Broad level of knowledge and experience of compliance monitoring.
- Knowledge of multi-jurisdictional AML/CFT legislation and regulatory requirements would be desirable.
- Understanding of risk factors.
- Hands on and collaborative approach.
- An ability to work in an organized manner and having attention to detail.
- An ability to work towards deadlines.
- A relevant AML/Compliance professional qualification (ICA Diploma).