Executive Director – AML Compliance

Responsibilities:

• Manage the AML compliance team with responsibility for all AML compliance matters
• Act as an escalation point for KYC matters, PEPs, sanction screening alerts and transaction monitoring.
• Approve high-risk rated relationships.
• Support the development of the AML compliance team through training and interactions.
• Act as a point of final review and response to queries from correspondent banks and other counterparties.
• Develop and update AML related procedures.
• Develop and disseminate AML related metrics to Senior Management, the Board and the ARC.
• Act as the Deputy Money Laundering Reporting Officer.
• Maintain knowledge of regulatory requirements for various entity types and corporate documentation requirements as well as understanding of structures.
• Maintain knowledge of AML/CFT due diligence requirements and correctly apply CIMA AML/CFT requirements/exemptions for all components of complex multi-level organizational structures.
• Ensures knowledge transfer amongst staff in relation to risk & compliance, provides thorough training, and manages and develops team members.
• Able to articulate opinions and communicate decisions to senior management without undue influence

• A minimum of 5 years’ experience working in an AML or compliance role in financial services.
• Extensive knowledge of Cayman Islands AML regulations.
• Experience working in a banking role or with the financial service provider servicing the funds industry (fund administration or a law firm).
• Bachelor’s degree in Business, Finance, Law, or a related field (significant relevant experience may be considered in lieu of a formal degree)
• A compliance qualification is a plus (ACAMS or ICA Diploma)
• Supervisory Experience Required