Role Purpose

The Head of Risk & Compliance – Trust & Funds is responsible for setting and delivering the Risk and Compliance strategy for the  Trust and Fund business following the merger.

The role holder will:

Hold key regulatory appointments where required

Act as senior risk and compliance leader for trust licence(s) and all fund structures

Provide assurance to the Board, regulators and stakeholders that regulatory, conduct, financial crime and operational risks are appropriately identified, mitigated and managed

Lead a unified risk and compliance framework across jurisdictions, ensuring consistency, proportionality and regulatory alignment

Key Accountabilities

Strategic Leadership

Set the enterprise-wide Risk & Compliance strategy for the Trust and Fund businesses post-merger, aligning frameworks, policies and risk appetites

Support the integration of risk, compliance and governance frameworks for the Jersey business

Advise the Jersey Board on emerging regulatory, conduct, financial crime and operational risks impacting trust and fund services

Ensure regulatory change is proactively monitored, interpreted and embedded across both businesses

Regulatory Oversight & Key Person Responsibilities

Hold senior regulatory roles as required (e.g. MLRO, MLCO, Compliance Officer, Risk Officer or equivalent) for:

o Trust licences

o Fund services businesses

o Underlying fund structures where applicable

Act as primary or senior contact for JFSC, FIU, auditors and other external stakeholders

Ensure timely, accurate and transparent regulatory reporting and engagement

Lead regulatory inspections, thematic reviews and remediation programmes

Risk Management

Own and maintain the Risk Management Framework covering:

o Trust companies

o Fund administration and fund governance structures

Identify, assess and manage:

o Regulatory and compliance risk

o AML/CFT and financial crime risk

o Conduct risk

o Operational and reputational risk

Oversee risk assessments at entity, licence and product/fund levels

Ensure effective incident management, breach reporting and escalation

Compliance Management

Ensure robust compliance monitoring programmes are in place across trust and fund operations

Oversee testing, monitoring and assurance activities, ensuring issues are tracked to resolution

Ensure policies, procedures and controls meet applicable trust law, funds law and regulatory standards across relevant jurisdictions

Provide regular and ad-hoc compliance reporting to senior management, the Board and Committees

Governance & Reporting

Chair or provide senior leadership to the Jersey Risk & Compliance Committee

Oversee Jersey governance, escalation and reporting frameworks

Prepare and present risk and compliance reports to:

o Boards

o Board Committees

o Investment / Fiduciary Committees (where relevant)

Ensure appropriate management information (MI) is produced for Trust and Fund activities

People Leadership & Culture

Lead and develop the Jersey Trust & Funds Risk and Compliance team

Ensure adequate resourcing, capability and succession planning

Promote a strong risk-aware and compliance-led culture across the merged Jersey business

Oversee training and Continuing Professional Development (CPD) programmes

Key Activities

Act as MLRO, MLCO and/or Compliance Officer for trust and fund entities as required

Manage regulatory relationships and inspections

Lead post-merger harmonisation of risk and compliance frameworks

Ensure timely completion of compliance monitoring plans and risk assessments

Oversee breaches, SARs, regulatory notifications and remediation actions

Deliver risk and compliance reporting to Committees and Boards

Skills & Competencies

Strong leadership and people management capability

Excellent stakeholder management and regulator-facing communication skills

Strategic thinker with ability to operate at Board level

Sound judgement and decision-making skills in complex regulatory environments

Ability to operate across multiple jurisdictions, licences and structures

Strong project and change management capability

Knowledge & Experience

ICA Diploma (or equivalent), ACAMS or other relevant professional qualification

Extensive experience leading Risk & Compliance within:

o Trust & fiduciary services and/or

o Fund administration / fund governance businesses

Deep understanding of:

o Trust company regulation

o Fund structures (regulated and unregulated)

o AML/CFT frameworks

o Corporate and fiduciary governance

Proven experience holding regulated roles and engaging with regulators

Measures of Success

Successful regulatory oversight of all trust licences and fund structures

Positive regulatory outcomes and inspection results

Effective integration of risk & compliance frameworks

Timely identification and mitigation of emerging risks

High team engagement, capability and retention

Delivery of risk and compliance initiatives on time and to standard

Reporting Line

Reports to: Chief Executive Officer / Board (Trust & Funds)

Works closely with: CI Head of Risk for Funds, Board Chairs, Executive Committee,

Investment/Fiduciary leadership, and Group Risk counterparts