Associate Director- Client Compliance

Compliance & Risk

Our client  is a leading provider of Fund Administration, Private Client and Corporate Services. The Group is headquartered in Guernsey and has offices in Jersey, Mauritius, and the Isle of Man. Their clients range across high-net-worth individuals, families, corporate institutions and asset managers

The vision is long-term and extensive and will allow them to plot a strategic arc. Our holistic strategy includes investing into cutting-edge technology and data management tools, investing into back-office simplification to improve client and employee experience, extensive training for our team, and continually enhancing our employee value proposition all to align staff and shareholder interest and fuel a constant drive for sustainable excellence and growth

Job Summary

This role holds significant responsibility for the prevention, detection, and reporting of financial crime risks across Jersey’s regulated and supervised client structures. As Associate Director Compliance, you will ensure that the compliance and financial crime prevention controls for Jersey’s regulated and supervised client structures, meets all applicable legal, regulatory, and internal standards.

You will hold Key Person roles (CO, MLCO, MLRO) for regulated and/or supervised client entities and play a pivotal leadership role in the oversight of client compliance matters, specifically across a range of entity types such as managed trust companies and managed fund entities, regulated funds, and Jersey Private Funds (JPFs). This includes advising stakeholders on regulatory expectations, coordinating compliance programmes, and supporting ongoing engagement with the Jersey Financial Services Commission (JFSC).

KEY RESPONSIBILITES

• To serve as Compliance Officer (CO), Money Laundering Compliance Officer (MLCO), and Money Laundering Reporting Officer (MLRO) for regulated and/or supervised client entities.

• Familiarisation and keeping up to date with the Financial Services (Jersey) Law 1998, Proceeds of Crime (Jersey) Law 1999, Terrorism (Jersey) Law 2002, Money Laundering and Weapons Development (Directions) (Jersey) Law 2012, and the Sanctions and Asset-Freezing (Jersey) Law 2019, together with associated Laws, Orders and Regulatory Codes of Practice and Guidance.

Client Entity Money Laundering Compliance Officer (MLCO)

• Review, advise and update on AML/CFT/CPF Strategies and Business Risk Assessments.

• Preparation and delivery of MLCO reports and statistics including analysis and review for quarterly governance meetings.

• Review, maintenance and delivery of Compliance Monitoring Programmes.

• Working with the client facing teams and Senior Management, and provision of assistance in the take on of new business, including provision of guidance and advice and the assessment, and where financial crime/CDD nexus, completion of take on forms and risk matrices etc.

• Assist where necessary with investor onboarding and CDD/ECDD, screening and review.

• Updating, monitoring and maintenance of relevant Compliance Registers.

• Working within the Compliance team, management of and assistance in the carrying out of Sanctions checks on an ad hoc basis and on receipt of notifications.

Client Entity Money Laundering Reporting Officer (MLRO)

• Preparation and delivery of MLRO reports and statistics including analysis and review for quarterly governance meetings.

• Receive and consider internal suspicious activity reports (SARs).

• Externalisation of SARs to the relevant FIU.

• Principal point of contact with the relevant FIU.

• Acting as the liaison point with the local regulator and any third parties in relation to SARs.

• Maintenance of records and register(s) of all enquiries received from law enforcement agencies, internal and external SARs reporting.

• Ensuring relationships are managed effectively post disclosure to avoid tipping off.

• Working within the Compliance team, management of and assistance in the carrying out of Liaison notice checks on an ad hoc basis and on receipt of notifications.

Client Entity Compliance Officer (CO)

• Preparation, review, advise and update on operational strategy and Business Risk Assessments.

• Preparation and delivery of CO reports and statistics including analysis and review for quarterly governance meetings.

• Review, maintenance and delivery of the Board approved Compliance Monitoring Programme.

• Updating, monitoring and maintenance of relevant Compliance registers.

• Point of contact with the JFSC.

• Liaison with third parties and all administration required in respect of any Outsourced functions including liaison with respective businesses, completion of documentation and attendance at meetings.

• Review of Professional Indemnity and Directors and Officers insurance cover.

Line Management

• Lead, guide and develop members of the Client Compliance Team in accordance with Oak’s People Management Framework.

• Promote a continuous learning culture and a high-performance mindset across the compliance function.

KEY COMPETENCIES & SKILLS

• Minimum of 10 years’ experience in Compliance, or relevant experience within fiduciary/funds environments.

• To hold or be actively studying towards a recognised compliance qualification (e.g. ICA).

• Sound understanding of Jersey’s AML/CFT/CPF regime and regulatory environment, including JFSC Codes of Practice.

• Experience in the holding of Key Person roles in regulated and supervised entities, ideally in a multi-entity environment including managed trust companies and MoME arrangements.

• Ability to effectively manage regulatory relationships and prepare entity-specific risk assessments and compliance deliverables.

• Strong organisational, time management, and prioritisation skills.

• Strong interpersonal and communication skills, both verbal and written.

• Familiarity with compliance tools and databases.