Banner Default Image
Back to job search

Senior Compliance Officer

  • Location:

    Cayman Islands

  • Sector:

    Legal

  • Job type:

    Permanent

  • Contact:

    Sami Qureshi

  • Contact email:

    sami@phoenixsearch.com

  • Contact phone:

    +1 646-568-4046

  • Job ref:

    3827

  • Published:

    6 months ago

  • Expiry date:

    2024-11-24

Our client would like to hire an AML compliance professional currently based in Tortola or the Cayman Islands.  It is a hybrid position.
As a Senior Compliance Officer, you will assist in establishing and managing its overall compliance framework. In addition to providing compliance guidance regarding BVI matters, you will have a keen interest in being involved in an international business and working on a variety of multi-jurisdictional matters. You will lead in framing and ensuring appropriate policies, procedures, systems, controls, processes, and training are in place.

 

Responsibilities:

  • Ensure internal and external compliance and AML requirements, regulations, directives and legislation.

  • Be responsible for risk and compliance checks/monitoring.

  • Develop procedures for a risk-based approach, including documenting risk assessments and devising strategies to mitigate potentially adverse compliance and regulatory actions;

  • Take ownership of record keeping requirements, such as declined business and PEPs logs;

  • Provide expert compliance guidance, specifically focusing on the BVI operations.

  • Conceptualise and implement a comprehensive strategy to monitor audits, reviews, and action plans to guarantee compliance.

  • Develop and implement the compliance monitoring program periodically to ensure it effectively responds to new developments in regulatory requirements.

  • Communicate updates to management and the rest of the team regarding any changes and developments in relevant laws, regulations, and requirements. Draft and update policies and procedures accordingly.

  • Liaise with global Compliance team to ensure a robust and effective aligned holistic compliance framework.

  • Communicate with regulatory authorities and industry bodies as required.

  • Frame and deliver AML training to ensure awareness among team members.
     

Requirements

  • You must currently be a resident of BVI or Grand Cayman or have residency in one of the jurisdictions.  
  • 7+ years of experience in a compliance role
  • Experience of working for regulated entities and dealing with regulatory bodies in the BVI

  • Solid understanding of legal requirements and controls

  • A university degree in a related field

    #LI-SQ1
    #LI-hybrid