Associate Director - Compliance (Jersey)

Department: Compliance

Employment Type: Full Time

Location: Jersey

Reporting To: Head of Compliance

DescriptionThis is a great opportunity for a driven and talented individual to take on a key leadership role in the risk and compliance space, with an opportunity to make a real difference as part of a dedicated and professional team. The purpose of this role is to provide Risk & Compliance leadership to the Administration business teams, to manage the Compliance team and form part of the succession plan for the Head of Compliance. There will also be opportunity to hold Money Laundering Compliance Officer (MLCO) and Money Laundering Reporting Officer (MLRO) roles for Langham Hall’s clients. The Associate Director will have direct access to and support from LHFMJ’s senior management team who will ensure that the compliance function has appropriate independence. The Associate Director will work together with the Head of Compliance in developing and enhancing the existing risk and compliance framework and policies and procedures for dealing with private equity and real estate funds, ensuring that the framework meets regulatory guidelines.

Key ResponsibilitiesCompliance Monitoring\nOversee work in relation to the monthly, quarterly and annual compliance monitoring of FSB, CIF, AIF and JPF client entities and LHFMJ and its affiliates.\nMonitor the issue tracker to ensure that any findings arising from compliance monitoring are completed by the business administration teams and/or the compliance team.\nCompliance Reporting\nOversee the production of compliance reports for client entities and LHFMJ, ensure that all monitoring is conducted in good time to allow the timely presentation of compliance reports at board meetings.\nPresent Compliance Reports for the Monthly LHFMJ Management Forum.\nRegulatory \nAct as Key Person for Schedule 2 clients, holding AMLSP Direct Customer MLRO and MLCO positions as required.\nAct as the deputy CO, MLCO and MLRO for LHMFJ and its participating members.\nEnsure the business operates in compliance with the local legal and regulatory frameworks (the MLCO focusing on the local AML/CFT/CPF frameworks in particular), including responsibility for drafting and maintaining policies, procedures, systems and controls to ensure compliance and operate a robust CMP and providing a training platform to the business.\nIf the CO/MLRO/MLCO is unavailable to attend the board meetings act as deputy key person presenting the quarterly compliance reports at key board meetings.\nManage completion of key regulatory returns including the Risk Based Data Supervision returns (NRA).\nAML/CFT/CPF\nFully understand and stay up to date with requirements of AML/CFT/CPF regulations and the JFSC AML/CFT/CPF Handbook and any other regulations applicable to LHFMJ and its clients.\nReview prospective new business providing guidance in respect of client due diligence requirements, risk assessments and any other AML/CFT/CPF related matters.\nProvide detailed CDD advice to management in line with external and internal guidance/requirements. Maintain a commercial approach to CDD.\nAdvise the compliance sub teams on CDD requirements and oversee the compilation and signing-off of the CDD elements of the investor files (hard and electronic copies).\nAssist with the preparation and coordination of the Client Business Risk Assessments and Risk Mitigation Programmes to include preparing templates, population and coordinating other stakeholder input.\nAssist with the preparation and coordination of the LHFMJ Business Risk Assessment and Risk Mitigation Programme to include preparing templates, population and coordinating other stakeholder input.\nAssist with the preparation and coordination of the client annual MLCO reports to include; preparing templates, population and coordinating other stakeholder input.\nGeneral\nDevelop an in-depth knowledge of LHFMJ and its clients.\nOversee that accurate records are kept for each entity, to include conflicts, breaches, complaints and any other records that may be required to be kept from a compliance perspective.\nEnsure that LHFMJ and its participating members have robust arrangements for compliance with the Applicable Rules as defined in the relevant Codes of Practice.\nProduce compliance related management information and reports when requested.\nAssist with the drafting of new policies and procedures and the updating of existing material for both trust company and fund services business.\nTake part in the provision of compliance related training to the business.\nAssist with the preparation and data collation in relation to external monitoring visits by banks and other parties who may conduct external monitoring on LHFMJ.\nOther Responsibilities\nDevelop and maintain good relationships with other staff members.\nEnsure all work is conducted in accordance with internal procedures.\nComplete daily timesheets.\nMaintain the highest standards of confidentiality and security in terms of client affairs and records.\nMonitor performance against personal and developmental targets.\nIdentify areas where further training for staff would be beneficial and bring these to the attention of the Compliance Associate Director, assist in the arrangement of training and compliance education.\nMaintain a record of Continuing Professional Development activity undertaken during each year.\nIn addition to the duties listed above, the Associate Director may be requested to perform any other ad hoc duties or projects for LHFMJ or the wider business.
People Management\nAct as first point of contact for queries from team members.\nSupervision, coaching and mentoring of junior staff.\nProvide support and guidance to team members, acting as a mentor and role model.\nManage the day-to-day workload of the team, including effective delegation and resource management.\nManage performance of direct reports through the Performance Management process, including Performance Review meetings and objective setting.\nSupport the recruitment process, reviewing CV’s and conducting interviews with potential candidates.\nAs part of your duties all employees must ensure adherence to internal policies and procedures and meeting all personal AML obligations. 

Skills, Knowledge and ExpertiseQualifications\n Ideally hold a table 4 compliance professional qualification or equivalent.\nFive or more years of demonstrable experience within the financial services industry with a detailed understanding of the Trust Company and Fund Services Business compliance environment.\nTechnical Knowledge\nThe candidate will need to be familiar with statutory and regulatory requirements relating to fund and trust company businesses, the regulatory regime under which we operate and the suite of available fund products we administer.\nAbility to work through practical compliance and AML/CFT/CPF related scenarios within the parameters of internal and external policies and procedures / regulations.\nKnowledge of Jersey legislation and a detailed understanding of the Fund Service Business, Certified Fund and Trust Company Business Codes of Practice and guidance notes.\nHave a strong understanding of anti-money laundering legislation and client due diligence requirements for a financial service business and its clients.\n
Skills and Experience\nAbility to write reports, business correspondence, policy documents and procedure manuals. \nAbility to effectively present information and respond to questions from groups of managers, directors and clients.\nAbility to work within a team to mentor, coach and carry out on-the-job training with more junior staff.\nThe candidate must have excellent communication, organisational and time management skills.\n

BenefitsLangham Hall invests in people and developing them professionally. We are extremely proud of our leadership-focused culture which fosters a dedicated, approachable and collaborative way of working. We offer the opportunity to progress your career and develop your leadership and people management skills.