Details

Description

Offshore Legal has been instructed by one of its major clients to source a Compliance Manager for their Cayman office.

Principal Responsibilities

• Act as a member of the Group Compliance Committee, which establishes, maintains and reviews anti-money laundering policies, procedures, guidelines and programs for ensuring compliance at a group level.
• Develop and maintain policies and procedures to ensure compliance with all relevant laws, regulations and guidelines concerning client identification and the prevention of money laundering and the combating of terrorist financing.
• Develop and maintain policies and procedures concerning file opening, conflict checks, client screening and other areas as is required from time to time.
• Oversee compliance and risk management special projects.
• Lead the Cayman Islands FATCA project.
• Assist attorneys, staff members and other offices in complying with anti-money laundering policies and procedures.
• Act as a primary contact for client queries or concerns arising from the organization’s anti-money laundering policies and procedures.
• Keep attorneys abreast of developments in local laws and best practices and their impacts in the field of anti-money laundering and risk management through dissemination of articles, opinions and other information obtained from pertinent sources such as compliance associations the regulators and government bodies.
• Supervise Cayman Islands compliance staff in all aspects of the file opening process.
• Ensure attorneys gather appropriate “know your client” documentation from clients with respect to new matters involving relevant financial business and new entities.
• Ensure that client identification requirements have been met.
• Identify risk management issues and suggests solutions to the Partners and the Director of Compliance.
• Liaise with the MLRO’s to ascertain whether an external SAR is required, and assist in the writing and delivery of these reports to the relevant Authority. Ensure that any subsequent correspondence is dealt with. Maintain log of Suspicious Activity Reports and internal suspicious activity reports filed.
• Attend monthly management and ATCL meetings to raise, address and resolve issues of importance.
• Oversee the Maintenance of compliance files, including compliance records in DMS, AdEx and ViewPoint.
• Plan and execute an anti-money laundering training program for staff members. Maintain an anti-money laundering training log.
• Develop and monitor annual budget for areas of responsibility.

The successful candidate will have a legal or accounting professional designation with a minimum of 8 years experience (4 of which should be in a Compliance Manager or similar position). A recognized compliance qualification, e.g. ACAMS or ICA would be beneficial but is not necessarily required. A good understanding of different corporate/trust structures and applicable laws in Cayman/BVI would obviously be beneficial.

When you are not in the office you are effectively on holiday as every weekend is ultimately a two-day break in the Caribbean!!   You will enjoy 24/7 sunshine, mile and miles of pristine beaches, clear blue oceans, some of the best diving in the world and excellent international connections.  Imagine – no more long commutes and no more tax man!