Vice President and Assistant Vice President - AML Officer Appointments

Location: Cayman Islands (Professional Services)

Contract Type: Full-time

Closing Date: 31 May 2020

Vice President and Assistant Vice President - AML Officer Appointments

Walkers Compliance Regulatory Services Limited (WCRSL) invites applications from suitably qualified and experienced professionals for the above positions.
The successful candidate will be part of a busy, dynamic and fast-growing professional team. Excellent opportunities for training and professional development and progression exist for candidates interested in building a career in this area of expertise. Strong candidates who wish to develop their existing AML/CFT/APF expertise are encouraged to apply.

Key Responsibilities

Act as Anti-Money Laundering Compliance Officer (AMLCO), Money Laundering Reporting Officer (MLRO) and Deputy Money Laundering Reporting Officer (DMLRO) for various entities conducting relevant financial business, to include, without limitation:

  • Oversight and ongoing monitoring of the relevant Anti-Money Laundering, Counter Terrorist Financing and Anti-Proliferation Financing (AML/CFT/APF) policies and procedures to ensure that the requirements of the Cayman AML/CFT/APF regime have been adequately implemented

  • Advising the Board of Directors (or equivalent) on AML/CFT/APF compliance issues and provide reports on a regular basis

  • Advising clients on general AML/CFT/APF matters that arise

  • Ensuring that requisite risk assessments are conducted in compliance with requirements on a regular basis and ensuring that adequate controls in place to address residual risk

  • Conducting random and periodic testing of CDD procedures

  • Act as the main point of contact with competent authorities and responding to requests for information to within the requisite periods

  • Investigating reports of suspicious activities and making onward disclosure filings as necessary

  • Ensuring that adequate AML/CFT/APF logs are maintained

  • Ensuring records are maintained for the requisite periods of time

  • Assisting clients with ad-hoc requests in relation to their ongoing AML/CFT/APF obligations.

  • Keeping abreast of industry developments and trends and collaborating closely with professional colleagues and to review new legislation, industry trends and compliance issues

  • Responsibility for consistently improving Walkers’ internal and external client service delivery excellence

     

Key Skills and Qualifications

  • Professional compliance qualification required (e.g. ACAMS) or qualification prior to expiration of probationary period

  • Audit experience and/or a recognised professional accounting designation (ACCA/CA/CPA) would be advantageous

  • Minimum 10 years’ risk and compliance experience

  • A bachelor’s degree or equivalent from a recognized university or college with a minimum of 10 years’ experience in a legal, compliance, audit, accounting or regulatory role within the financial services industry

  • Excellent knowledge of investment fund, insurance and structured finance entities

  • Excellent written, oral and interpersonal skills to communicate effectively with staff, management and diverse international clients

  • Excellent presentation skills and willingness to train and develop junior staff

  • Demonstrate ability to autonomously manage a portfolio of clients with minimal supervision

  • Participate in continuously improving services through critically evaluating systems of work, promoting new ideas and actively developing service improvements

  • Work in a flexible and professional manner, including working beyond normal business hours when needed and have a willingness to respond positively to changing circumstances and emergency situations.

Walkers offers a dynamic working environment with opportunities for career progression and an excellent remuneration package, including a discretionary performance based bonus, pension and fully covered health insurance.
Remuneration commensurate with qualifications and experience and will be in the region of US$95,000.00 – US$180,000.00.

Only candidates selected for an interview will be contacted.

Apply now