Apex Group Careers

 

The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers. Apex has continually improved and evolved its product suite by surrounding these core administrative services with additional products spanning the full value chain of a fund; from information delivery and regulatory products to fund platforms and tax services. The globally distributed service model has rapidly expanded through a combination of organic growth and more recently bolstered by acquisition. Service is now delivered by over 10,000+ staff across 50+ offices. The Apex Group administers circa $2.3 trillion in assets, including the investments of some of the largest funds and institutional investors in the world

Client Compliance & AML Officer (MLCO, MLRO, DMLRO)

The Role & Key Responsibilities:

• Work with the Compliance team in Cayman and globally to ensure Apex are compliant with legal and regulatory requirements and best risk/compliance practice.
• Serve as AMLCO, MLRO & DMLRO to the allocated client entities.
• Understand the Cayman AML Regulations and ability and willingness to perform AMLCO, DMLRO and MLRO functions in line with Cayman requirements and relevant international standards, including but not limited to, FATF.
• Ability to identify and summarize any material developments in its business and other activities.
• Understand and be able to consider and advise on maintaining adequate systems to identify risks in relation to persons, countries, business relationships and activities, and to:
  • Conduct ongoing monitoring of business relationships or one-off transactions in accordance with the Regulations;
  • Conduct transaction monitoring reviews in relation to the fund
  • Present any updates or key findings to the Board/ Fund controlling parties
  • Consider and make any Suspicious Transaction Reports (STR’s)
  • Develop AML & CFT Policies and Procedures
  • Develop and prepare AML Business Risk Assessments
  • Perform AML & CFT sample testing and AML assurance reviews
• Monitoring the systems and controls (including, without limitation, the AML/CFT Procedures and other documented policies and procedures, in line with the requirements of the Regulations, as amended from time to time)
• Carrying out regular audit of the AML/CFT Procedures and any other policies and procedures used by, or on behalf of, the Company, to adhere to the requirements of the Regulations;
• Maintaining logs, as determined to be necessary, with respect to declined business, politically exposed persons (as such term is defined in the Regulations), and requests from supervisory and competent authorities, particularly in relation to investigations;
• Advising the Board of AML/CFT compliance issues and any issues with respect to the Company Compliance Functions, that require the attention of the Board;
• Reporting at least annually to the Board on the maintenance of the Company Compliance Functions and the Company's compliance with, or compliance on behalf of the Company with (as the case may be), the AML/CFT Procedures; and
• Acting as the main point of contact with the supervisory and other competent authorities in the Cayman Islands in relation to AML/CFT and responding promptly to requests for information.
• Filing a SAR with the FRA in accordance with the Regulations, if deemed appropriate;
• Maintaining a log of all reports of Suspicious Activity (including where the filing of a SAR is not deemed necessary or appropriate);
• Keeping the Board informed of all internal reports of Suspicious Activity and SARs filed with the FRA, to the extent permitted by legislation and regulation;
• Providing assistance as a point of contact for CIMA, and other regulators and law enforcement as applicable and necessary under the applicable legislation and regulation;
• Functioning as the point of contact with CIMA for the purpose of the Regulations; and
• Be able to perform the role of the DMLRO, in discharging the functions of the MLRO, pursuant to the MLRO Services, in the absence of the MLRO.
• Embedding a compliance culture within Apex and through personal engagement with client entity governing bodies / committees.
• Driving forward the development, implementation and embedding of SAR, AML/CFT and associated regulatory policies and procedures, including robust control procedures.
• Responsibility for the client entity screening process and various Compliance registers and reviews (including assisting with new business).
• Assisting with the regulatory aspects of client entity audits.
• Conducting ad hoc reviews and/or special investigations as required.
• Contributing in regular 1:1s, appraisals and development meetings.
• Providing support and direction and sharing examples of best practice with relevant business areas and colleagues.

Skills Required:

• 3 plus years of sound knowledge and application of relevant AML/CFT legislation, the AML/CFT Handbook and relevant guidance notes and codes of practice.
• Previous experience in a role as a MLCO / MLRO would be an advantage
• Strong academic background and industry relevant professional qualification.
• In depth knowledge of the Finance industry is ideal
• Excellent people management, interpersonal (at all levels), analytic, and diplomacy skills.
• Strong organisational and time management skills, with the ability to meet deadlines in a fast-paced environment.
• Strong working knowledge of MS Office applications
• A good level of commercial and fiduciary risk awareness.
• Sound working knowledge of statutory requirements and financial services legislation, together with relevant guidance notes and Codes of Practice.

• Ability to communicate complex and potentially sensitive issues to client entities / across the business.
• Discretion / ability to handle confidential information.
• Commitment to service excellence.

Our services focus on

• Fund accounting and financial reporting - Offering exceptional technical accounting and reporting capabilities tailored to the specific needs of structures and clients;
• Governance, management and control - Ensuring statutory duties and governance are undertaken with appropriate diligence;
• Administration of Private Equity structures - Delivering a responsive, client focused administration service.

What you will get in return:

• A high level of visibility within a large organisation on an upwards trajectory
• The ability to define marketing processes to drive innovation and have a tangible impact on the business
• Be part of a dynamic and fast-paced team that makes a genuine impact on revenue and sales pipeline.
• Exposure to all aspects of the business, cross-jurisdiction and to working with senior management directly.
• Opportunity to work with a diverse, agile and global marketing team.
• The opportunity to innovate, bring discipline to brand activity and really make a difference.

Additional information:

We are an equal opportunity employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnicity, age, sexual orientation, socio-economic, responsibilities for dependants, physical or mental disability. Any hiring decision are made on the basis of skills, qualifications and experiences.

We measure our success as a business, not only by delivering great products and services and continually increasing our assets under administration and market share, but also by how we positively impact people, society and the planet.

For more information on our commitment to Corporate Social Responsibility (CSR) please visit https://theapexgroup.com/csr-policy/

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