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Associate Director, Compliance Services

Cayman | Compliance
DOE to $120K USD

The Associate Director – Compliance Services, serves as an AML Compliance Officer (“AMLCO”), Money Laundering Reporting Officer (“MLRO”) and/or Deputy MLRO (“DMLRO”) for a diverse portfolio of Cayman Islands funds and management companies.

Fund clients will include hedge funds, funds of funds, private equity funds, private credit funds and real estate funds with a broad range of investment strategies. Management company clients will include SIBL-Registered Persons acting as investment managers for Cayman funds.

Responsibilities:

  • Take on appointments as AMLCO, MLRO and/or DMLRO for a diverse portfolio of Cayman islands funds and management companies.
  • Oversee clients’ AML compliance programs, to ensure that systems and controls are developed and maintained in line with Cayman Islands’ Anti-Money Laundering Regulations and relevant legislation.
  • Oversee regular audits of clients’ AML compliance programs.
  • Report periodically to clients’ boards of directors on the adequacy of the AML systems and controls, including key findings and recommendations.
  • Monitor the Money Laundering Reporting functions for each client.
  • Communicate with clients to resolve any potential AML issues.
  • Assist in the supervision and monitoring of each employee who acts in a supporting role to the AMLCO, MLRO and/or DMLRO (with respect to performance of those roles).
  • Provide expert advice and assist in transformation projects and in the implementation of best practices.
  • Coordinate with internal Compliance Department and manage project tasks as appropriate as directed by the Executive Director.
  • Carry out duties with minimal oversight.
  • Develop, organize, and/or deliver consistent AML compliance related training.
  • Manage ad hoc projects in the Cayman Compliance Services function.
  • Maintain a high standard in the performance of daily duties and escalate concerns to the Executive Director on a timely basis.

Requirements:

  • Minimum of 7 years of relevant experience in compliance, governance, risk, financial or consulting roles in the financial services sector.
  • Knowledge of the Cayman Islands AML regulatory framework.
  • Excellent interpersonal and communication skills, both written and verbal.
  • Strong leadership and organizational skills.
  • Prior Cayman Islands AML compliance experience would be an asset.

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