Executive Director – AML Compliance

| Compliance
$150-$180K USD


  • 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

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