Head of Compliance – Cayman and Caribbean Region

As a key member of an international Fiduciary Services and Fund Governance business, the Head of Compliance will report directly to the global board and will predominantly be internally focused, with a small amount for client services.

The Head of Compliance will be responsible for managing the MLRO and the business onboarding team. There will also be responsibility to provide MLRO services to client entities and ensuring compliance with all laws, regulations and regulatory guidance.

The Head of Compliance will be responsible for the monitoring and supervision of the company’s compliance policies and procedures, AML audits and outsourcing arrangements and will be the principal liaison between the licensee and the regulator / reporting authority. The position will also be responsible for the compliance of other group offices.

Responsibilities

• AMLCO and MLRO to the Trust the Fund businesses.
• AML, CFT, PF and compliance programs.
• Keep abreast of all Cayman AML, CFT and PF regulatory updates and advise the Board of any changes. 
• Provide AML, KYC, PF guidance to internal teams.
• Determine primary regulatory, compliance, financial crimes and sanctions risks for the Cayman business.
• Draft changes to AML policies and procedures.
• Training staff on compliance and regulatory requirements.
• Work closely and maintain good relationships with CIMA and FRA.
• Provide guidance to the DMLRO in Suspicious Activity investigations.
• Serve as the AMLCO, MLRO and DMLRO for clients as required.
• Work closely with the Operations department regarding compliance systems and be responsible for compliance systems and controls.
• Oversee production of reports, management information and board reporting.
• Oversee the management information and KPIs of outsourced partners.
• Be the authority for onboarding client risk assessments and ongoing client file reviews.
• Oversee the business risk assessments.

• Excellent understanding of AML, CFT, PF and regulatory requirements in the Cayman Islands.
• Over 10 years of compliance experience within a similar regulated services provider or which 5 must be in a leadership position.
• Experience working with Funds and Trust Services.
• Experience dealing with CIMA.
• Hold a recognised AML certification.
• Ability to build internal relationships