Description

Position: Vice President – Risk Assurance

Location: Cayman Islands

About Us 

The Maples Group is a global leader in financial services, trusted by many of the world’s largest hedge fund managers, private equity firms, and international corporations. Our side-by-side financial and legal teams consistently deliver award-winning services to a global client base, offering unrivalled learning and career opportunities to our 2,500 colleagues worldwide.  

What’s it like to work here? 

We are driven to excel, and collaboration is key to our continued success. We can go further for our clients because we go further for each other too. Our inclusive culture creates an environment where people can be themselves at work while doing their best work. No matter where you work in the Maples Group, you will be part of a global team. 

The Opportunity 

We are looking for a Vice President to join our Compliance Monitoring Risk Assurance (CMP) team as part of our financial services business in the Cayman Islands.  You will be reporting to our Regional Head of Regulatory Compliance in the Group Compliance team.  

As part of our commitment to excellence, MaplesFS Compliance are enhancing their focus on a broad monitoring and testing programme under the Risk Assurance banner with a dedicated team based principally in Montreal with a presence in Ireland.  As part of our team, you will be performing the below key duties:  

Your primary responsibilities include:    

• Assist the Compliance Analysts with the ongoing operations of the Risk Assurance team to support monitoring and testing, under the guidance of the Regional Head of Regulatory Compliance, Americas & Caribbean and the Chief Compliance Officer    
• Support the global Risk Assurance monitoring and testing programme  
• Work with each office to understand the data, metrics and information that needs to be gathered and tracked to support the Risk Assurance programme  
• Work with each office to understand the regulations and rules governing outsourcing to ensure that the CMP team is best able to support Risk Assurance activities  
• Lead and work with the Compliance Officers to identify enhancements to testing scripts, ViClarity references and the overall testing programme  
• Lead monitoring reviews in accordance with the global Risk Assurance monitoring and testing programme  
• Lead the  second line testing of operational and business activities to ensure that activities are being carried out in accordance with regulatory requirements   
• Lead on draft findings and recommendations and liaise with business areas the subject of Risk Assurance testing where permitted by outsourcing agreements otherwise provide the details and recommendations to local Compliance teams to discuss with business, with your assistance  
• Assist to track regulatory changes with the help of local Compliance colleagues to ensure testing and monitoring scripts reflect those changes  
• Support the roll out of the Global Compliance Strategic programme as required, including working on ad hoc project related initiatives  
• Understand MFS’s core systems in order to ensure that the monitoring and testing is effective and efficient  
• Develop strong skills in Financial Crime and Prudential regulations to ensure that the testing and monitoring is effective and efficient   
• Learn to undertake transaction monitoring  
• Alongside the wider team, ensure that Financial Crime and other Compliance risks are identified, assessed, monitored and mitigated. 

What you bring 

In addition to indisputably high ethical standards and autonomy, the ideal candidate possesses the following:  

• Current/previous experience in a similar risk assurance/compliance monitoring role
• Experience in Financial Services regulatory compliance
• Experience in Corporate Governance and Prudential Compliance
• Experience in working across multiple jurisdictions and time zones
• Exemplary communication skills  
• Professional Qualification in Risk, Compliance and/or Corporate Governance beneficial
• 7 - 10+/- years technical experience, depending on level
• Certifications in financial crime and/or regulatory subjects (e.g. Corporate Governance) is of benefit  
• Experience of managing and developing a team is an asset
• Competent in Word and Excel   

Benefits & Rewards  

The most enduring professional relationships are reciprocal relationships.  The Maples Group prioritises employee health and wellbeing. Depending on your location, we offer a range of benefits, including:  

• Comprehensive health coverage (medical, dental and optical)  

• Competitive vacation packages  

• Educational assistance and professional development programmes  

• Pension plan  

• Life insurance  

• Travel insurance  

• Global mental wellness programme  

• Sports clubs and social events    

You can learn more about the Maples Group on our corporate website.  Experience our culture and our people on our Careers Page or on LinkedIn.

Disclaimer: All personal information collected during the application process will be used for recruitment-related purposes only. Please refer to our Job Applicant Privacy Notice at maples.com/privacy for details on how we handle personal information relating to job applicants. 

“Please note that it is the Maples Group standard policy to undertake various background screening checks on all applicants to whom a conditional job offer is made. Except for roles based in the Republic of Ireland, the background checks will include criminal records checks when a conditional job offer is made. If you have a criminal record, it does not mean that your job offer will be automatically withdrawn. The Maples Group will make all job offer decisions on a case-by-case basis and will take a number of factors into account, such as the role that you are applying for and the nature and circumstances of the past offence. You will have the opportunity to discuss the matter with us before a decision is made. Further details will be provided at the time any conditional job offer is made.