Assistant Manager, AML & Financial Crime

Assistant Manager/Manager, AML/Financial Crime To assist the Head of Compliance with the execution of AML/CFT controls to ensure compliance with relevant legislation and regulation in Jersey, the provision of AML/CFT technical training and advisory service to colleagues. Day-to-day management of the AML Team

Key Responsibilities

Day-to-day oversight of the AML/Financial Crime Team, including the identification and delivery of training to any junior members of the team and ongoing supervision of work undertaken

Line manager of the Administrator, AML/Financial Crime and the Trainee Administrator, AML/Financial Crime

Analyse the effectiveness and adequacy of documented AML/CFT policies and procedures, assisting the MLCO in ensuring any relevant changes to the regulatory environment are considered and appropriate amendments made to RHTCs control framework

Act as the AML/Financial Crime Team representative at Risk & Compliance Committee and RHTC Board meetings as and when required

Assist in the production of regular compliance reports including management information and analysis of failures and issues to identify causes and remedial actions

Provide in-house expertise, advice and guidance and technical support to RHTC management and personnel on relevant legislation, regulation and policies and procedures

Oversee and direct regular and ad-hoc screening, including the reporting of any confirmed matches and any recommended actions to the Senior Manager, Regulatory. Screening to include:

o Worldcheck and Riskscreen screening

o Background checks with the review of open source / public information

o Sanctions screening

Oversee and direct the identification, review and reporting of Politically Exposed Persons, together with any recommended actions, to the Risk and Compliance Committee

Oversee and direct the execution of the following testing, with the reporting of any findings and recommended actions to the Senior Manager, Regulatory:

o CDD Monitoring Programme

o Transaction Monitoring Programme

o Obliged Persons Testing

o High risk jurisdictions reviews

o Oversee and direct the review, collation of any relevant information and response to:

o Liaison Notices

o Royal Court and Petty Debts Lists

o Liaise with the Senior Manager, Regulatory, colleagues in the Compliance Team, Risk & Governance Team and client-facing teams to agree the appropriate measures to be taken in response to any findings

Maintain and regularly update RHTCs AML registers and compliance records, including:

o Politically Exposed Persons

o Customer Due Diligence; outstanding and deficiencies

o Enhanced Due Diligence

o Breaches; and

o Enhance Monitoring Plans

Assist colleagues with any AML/CFT technical queries

Review and provide feedback on CDD related profile information including:

o Source of Wealth

o Source of Funds

o Rationale for use of Jersey and RHTC

o Rationale for a client structure or entity

o Biographical background information

Assist the MLCO with the provision of AML/CFT training to colleagues

Advise the Senior Manager, Regulatory of any suggested improvements to AML/CFT controls and processes

Co-ordinate any ad hoc tasks and projects being undertaken by the AML Team and any other reasonable duties that may be assigned

Customer Due Diligence; outstanding and deficiencies

Enhanced Due Diligence

Breaches; and

Enhance Monitoring Plans

Assist colleagues with any AML/CFT technical queries

Review and provide feedback on CDD related profile information including:

o Source of Wealth

o Source of Funds

o Rationale for use of Jersey and RHTC

o Rationale for a client structure or entity

o Biographical background information

Assist the MLCO with the provision of AML/CFT training to colleagues

Advise the Senior Manager, Regulatory of any suggested improvements to AML/CFT controls and processes

Co-ordinate any ad hoc tasks and projects being undertaken by the AML Team and any other reasonable duties that may be assigned

Skills Knowledge and Expertise

A minimum of 5 years compliance experience, ideally working in a trust environment

Professional Compliance Qualification at Diploma level preferable, but not necessary subject to relevant experience and willingness to undertake study

Good knowledge of AML/CFT legal and regulatory requirements in Jersey, as well as RHTCs AML/CFT policies and procedures, with the ability to apply this knowledge to real life situations and make appropriate recommendations as to actions

Proactive with very close attention to detail to ensure the teams work is of a consistently high standard

Good administrative, analytical and organisational skills are essential, to ensure the teams accurate and timely completion of work

Good interpersonal, written and verbal communication skills, with the ability to communicate at all levels and across teams within the business, and to challenge where appropriate

Good knowledge of Microsoft Office packages and applications, particularly Word, Excel and Access

Flexible, with the ability to work to time pressures, managing own and the Teams workloads and prioritising accordingly

Able to investigate and undertake research on technical, legislative and/or regulatory matters

Able to work as part of a team, liaising and co-ordinating with colleagues

Member of the International Compliance Association or other relevant professional body

Benefits

8% long term savings allowance, in addition to a competitive salary.

Full range of insurance benefits, including private medical insurance and critical illness.

Other employee incentives including discounted gym membership and payment towards professional subscriptions.

About R&H Jersey

In a world where stability is rare, we are understandably proud of our long heritage, both internationally and here in Jersey. Our Jersey business began in 1972 when our office was opened followed by the establishment of our fund administration business in 1988. In that time, we have worked hard to build a reputation grounded in exceptional service, highly personalised client care and an uncompromising approach to technical excellence. We are an independent practice owned by six local partners and since those early days have grown to employ over 180 staff, many of whom have been with the firm for in excess of ten years. We also pride ourselves on the fact that a high proportion of those staff are professionally qualified as either accountants, private client practitioners, chartered secretaries or tax practitioners. We believe we have a unique and distinctive employee culture which delivers a competitive advantage for our clients. We are an equal opportunitys employer and pride ourselves on our increasing diversity of our workforce. We believe in the best person for the job.