Our client is looking for a proactive Assistant Manager in Compliance to support high compliance standards within their local business, aligning with regulatory and financial crime requirements, as well as Group-wide compliance standards. This position is intended for a full-time, permanent role based in Guernsey. The successful applicant will collaborate closely within the Compliance Department and with colleagues across the organisation, providing practical support and guidance to client services. The primary focus of this role includes maintaining an effective compliance oversight framework while assisting with compliance monitoring, policies, procedures, and controls. You will also engage in risk-based assurance, regulatory change, and board reporting, all aimed at enhancing the efficiency of the Compliance Department.
JOB DUTIES:
- Collaborate with colleagues across the business to manage and respond to daily Compliance Department tasks, queries and referrals.
- Provide clear, practical compliance guidance to client-facing and operational teams, escalating complex or material matters to the Head of Compliance, Money Laundering Reporting Officer (MLRO) or Money Laundering Compliance Officer (MLCO) as appropriate.
- Support the MLCO in monitoring and testing the effectiveness of the firm’s policies, procedures and controls, including the Compliance Monitoring Programme, thematic reviews, control testing, findings management, remediation tracking and escalation of material issues.
- Assist with the design, delivery, documentation and enhancement of the Compliance Monitoring Programme, including risk-based sample testing, thematic reviews, reporting of findings, action tracking and trend analysis.
- Contribute to the review, drafting, maintenance and implementation of Compliance-owned policies, procedures and controls, ensuring they align with applicable Guernsey regulatory requirements, Group standards, business risk assessments, findings from the Compliance Monitoring Programme and regulatory changes.
- Support the maintenance of the local business risk assessment framework by compiling risk information, identifying control gaps, tracking actions, and ensuring board or committee review and approval where necessary.
- Review client files, onboarding records, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), trigger events, and periodic reviews to assess the completeness, risk-based relevance, and currency of records according to internal procedures.
- Advise on client risk assessments, addressing higher-risk relationships, complex structures, sources of wealth, sources of funds, Politically Exposed Persons (PEP) exposure, adverse media, and jurisdictional risk considerations.
- Perform and review sanctions, PEP, and adverse media screening alerts, managing initial investigations, documentation, escalation, and follow-up actions where required.
- Assist with regulatory inspections, internal audits, external assurance reviews, and ensuring the timely clearance of identified exceptions, recommendations and remediation actions.
- Assist with regulatory filings, notifications, returns, and information requests for the business, ensuring submissions are accurate, complete, and appropriately evidenced.
- Support the implementation of recommendations and actions from various committees, including the Risk & Compliance Committee and Operations Committee, as well as from board meetings, audits, monitoring reviews, and regulatory engagements.
- Monitor applicable regulatory changes, conducting research on new and existing laws, regulations, policies and industry standards, assessing their potential impact on local policies, procedures and controls.
JOB REQUIREMENTS:
- You will be a dynamic and proactive individual with excellent communication skills, sound judgement, and the confidence to apply a risk-based approach.
- Strong technical knowledge and understanding of Guernsey’s regulatory requirements, including Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), and Counter-Proliferation Financing (CPF) obligations; holding an International Compliance Association (ICA) Diploma or willingness to pursue this qualification would be advantageous.
- Ideally, you should have at least five years’ experience in a similar role within funds, corporate, private wealth, or family office businesses.
- Knowledge of the legal and regulatory requirements relevant to fiduciary, fund and corporate services activities is preferred.
- Ability to work independently while providing constructive challenges to administrative and client-facing teams regarding compliance matters is essential.
- Strong written and verbal communication skills are necessary, along with the ability to produce clear records, reports, action trackers, and committee papers.
- Proficiency in computer literacy, especially with Word, Excel, case management systems, screening tools, and compliance reporting data is essential.
- High levels of motivation, problem-solving skills, and attention to detail are crucial.
- You should demonstrate the ability to plan ahead, prioritise competing deadlines, and build effective internal relationships.
- Also, you should be adaptable and able to respond positively to changing priorities, maintaining professionalism while handling sensitive information.
WHAT YOU'LL LOVE:
This role provides an opportunity to develop significantly within the compliance function, with a clear path towards future deputy MLCO or MLCO responsibilities. You will benefit from a varied and engaging work environment, ensuring personal development and the ability to make a meaningful impact within Compliance oversight alongside a supportive team.
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