Head of Compliance
20 August by Search & Select
Reference ID: 204747
Duration:
Unspecified
Salary: Unspecified
End Date: 10 Oct 2024
Job Description
Our client seeks a Head of Compliance to join their team. Main Responsibilities
Supervise the MLRO in the following functions, and deputise in the absence of
the MLRO: - MLRO to be responsible for the day-to-day management and control of
Suspicious Activity Reporting and Disclosures made to the FIU and for the
maintenance of the SAR register and MLRO records relating to such reports;MLRO
to receive SARs from staff, acknowledge and evaluate to ensure that the
information is considered and determined in a timely manner and in accordance
with the Handbook;To externalise (where appropriate) SARs to the FIU within
required timescales or report to the Board Compliance and Risk Director with
reason for non-delivery;To ensure that the relationships are reviewed
post-reporting and ensure all are reminded to avoid tipping off any third
parties.Follow up reviews of cases to close and archive;To develop and maintain
effective controls, including PPCs and any relevant schedules or registers, in
respect of reporting including guidance on the laws and typologies /
trends;Board reporting.Supervise the MLCO in the following functions, and
deputise in the absence of the MLCO: -To undertake regular reviews (including
testing) of the effectiveness of PPCs to counter money laundering and the
financing of terrorism and of compliance therewith.To assist the Board to ensure
that all business which the business operates is conducted in strict compliance
with all money laundering laws orders, and regulations in force and the
business's own policies and procedures in this area, reporting any deficiencies
and recommending changes.To act as liaison point and respond promptly to
requests for information made by the GFSC, FIU and Chief Minister's
Department.To report periodically, as appropriate to the Board on compliance
with the business systems and controls.To keep abreast of all new legal &
regulatory developments in respect of anti-money laundering and terrorist
financing, and sanctions matters, and report matters of significance to the
Board.To ensure that recommendations are provided, where required, to the Board
in relation to the enhancement of the business's AML/CTF/CPF policies,
procedures, systems and controls. Compliance Officer.To implement and supervise
a Board approved risk-based CMP to ensure compliance with all laws, Codes,
orders and regulations in force and the business's own policies and procedures
and produce appropriate reports to the Board.To review and/or have oversight of
new business to ensure CDD is in compliance with AML legislation and policies.To
oversee and maintain statutory & regulatory registers for presentation to the
Risk Committee and/or relevant Board meetings.To develop and maintain effective
systems and controls, including PPCs and any relevant schedules or registers,
for countering money laundering and the financing of terrorism, and mitigate any
sanctions risks which may arise.To keep abreast of all new legal & regulatory
developments (particularly in respect of anti-money laundering and terrorist
financing) and report matters of relevance to the Board and suggest, where
necessary, changes to PPCs.To provide reports to the Board and any committee
meetings as required. If you have the required skills please apply online at
searchandselect.com quoting reference number: 14702