Senior Vice President Compliance

St Peter’s Port, Guernsey

About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

For more information about Citco, please visit www.citco.com

About the Team & Business Line:

Fund Administration is Citco’s core business, and our alternative asset and accounting service is one of the industry’s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.

Your Role:

You will be acting as second-line Compliance Officer for Citco Fund Services Guernsey. The role will also include acting as MLRO / MLCO for the firm. You will be positioned within Group Compliance to ensure your independence. You will perform independent compliance monitoring reviews and interact with local management on compliance, risk and regulatory issues. Your deliverables will include the providing regulatory guidance, technical support, training and advice to the business, and monitoring and reviewing the business compliance with applicable regulation and internal policies. You will have a dotted reporting line to the Board of Directors of the firm in Guernsey and a functional reporting line to the Head of Compliance for the CFS EMEA

The Citco Group Compliance function drives for best practice and highest ethical standards, providing technical support to the business functions, identifying and reducing/minimizing operational compliance risk across the business functions and continually developing key processes in line with financial industry and regulatory changes.

This is an excellent opportunity for the right person to use their creativity and expertise to contribute to the developing architecture of the Group Compliance function that will underpin the organization for continued success.

• Provide (strategic) advice to local management on the handling of compliance risks;
• Build and maintain a constructive and professional relationship with the Management Board, other Citco entities, Group Compliance colleagues and other relevant stakeholders (risk management, legal, internal and external audit, etc.);
• Work with senior management to facilitate a robust compliance culture;
• Responsible for designing, managing and overseeing the execution of the regulatory compliance oversight programmes (e.g. monitoring, regulatory reporting, training) in conformity with Group and local standards;
• Identify, assess and manage the compliance risks relating to the activities of Citco Fund Services Guernsey;
• Managing the annual and regulatory compliance risk assessment processes;
• Responsible as MLRO / MLCO for the firm and ensuring that an appropriate AML/CTF regime is in place;
• Monitor applicable regulatory changes and provide effective change management to address such changes;
• Collaborating with Legal, Risk and Internal Audit, as appropriate;
• Develop and enhance reporting to senior management;
• Providing training and or arranging for training to employees regarding Compliance policies, and regulatory changes;
• Escalate and report relevant matters to Head of Compliance for the CFS EMEA;
• Travel as required to fulfill the responsibilities of the role;
• Any other relevant responsibilities that may be assigned by Head of Compliance for the CFS EMEA.

About You:

• University degree in a relevant discipline;
• A minimum of 7 years related work experience in the Guernsey financial sector;
• Strong knowledge of the Guernsey regulatory environment in particular  AML/CFT and Fund Administration;
• Strong analytical, research and reporting skills;
• Excellent communication skills (written & oral);
• Compliance monitoring experience will be a plus;
• Pro-active and result driven;
• Developing good working relationships;
• Working on own initiative and as part of a global team;
• A curious and investigative nature and a strong moral compass.

Our Benefits

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.

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