Head of Compliance
Description
Guernsey – Head of Compliance
Role Location: Guernsey, Channel Islands
Department: Compliance
Employment Type: Permanent, Full Time
Subject areas: Regulatory Compliance and Financial Crime Compliance across both fund
administration and management company business Role Summary
The Guernsey Head of Compliance will act as the resident Compliance lead for the Guernsey-based Apex Group entities covering both Regulatory Compliance and Financial Crime Compliance. The role holder will assume a number of prescribed roles (MLRO/MLCO) and work closely with the Compliance functions in each entity, across each business line, and report to Group as appropriate.
Key Responsibilities
- To promote an efficient and effective approach to managing Compliance and regulatory related tasks across the Apex Group affiliates in Guernsey which are involved with fund administration and management company businesses;
- Create, implement and roll-out of applicable Compliance and Financial Crime Compliance related policies and policy guidance
- Draft reports to Group, Senior Executives and Boards as required
- Promoting a culture of compliance and adherence to applicable rules and standards across the Campus
- Providing an escalation point for disclosures, concerns and unusual activity
- Completing appropriate training and helping to design staff training and awareness, promoting high staff completion rates across the Campus
- Own the material, regulatory matters, including thematic inspections
- Own relevant KPIs across the Apex Group’s 1st and 2nd lines of defence, seeking to address any deficiencies in a timely manner
- Own an effective Compliance Monitoring Program; promoting a consistent Guernsey approach and standard where possible
- Monitoring adoption of, and compliance with, relevant legislation and local requirements
- Ensuring robust data privacy controls are in place and that Compliance has processes in place to manage local incidents, per the relevant Group Policy;
- Own the overall relationship of the Apex Group with the Guernsey Financial Services Commission;
Other Responsibilities
- Assisting with other duties to support the Group and Regional Compliance functions as may be necessary from time to time
- Positive engagement with Risk, Legal, IT and business departments to ensure Group and local issues are being effectively dealt with and progressed through to completion
- Overseeing the closure of Internal Audit and External Audit action items as relevant
- Attending Board Meetings, Risk Committee and Management meetings as required
- Ensuring there are adequate processes in place for monitoring and testing the effectiveness of systems and controls
- Contributing to IT and system initiatives and projects which may impact the Compliance Framework
- Maintain an open dialogue and channel of communication with regional/jurisdictional Compliance staff
- Support the Global Head of Compliance with general Compliance-, regulatory- and Financial Crime-related matters
- Keep up to date with developments in relevant laws, regulations and best practices
- Providing advice and direction to support planned acquisitions and mergers
- Contributing to various working group and steering committees
- Sharing concerns or identified deficiencies to senior executives as appropriate
- Contributing to the creation of a culture of risk awareness and the highest standards of corporate governance
- Review new product and business initiatives and evaluate the impact on the relevant risks