AML Compliance Manager, Funds Services

Introduction

At Artex, we reimagine what risk management can be and we do it with bold thinking, deep expertise, and an unwavering belief in what’s possible. As part of our global team, you’ll help clients navigate complex risks through creative, forward-looking solutions that go beyond the expected. This is a place where innovation is encouraged, ideas are welcomed, and no two days look the same.

We’re a community of confidently curious problem-solvers, opportunity seizers, and collaborative thinkers, working together to challenge convention and shape the future of our industry. Here, you’ll be supported to explore your potential, grow your expertise, and make a meaningful impact on a global scale.

The AML Compliance Manager, Fund Services will have responsibility for overseeing all day-to-day compliance within Fund Services and have a deep understanding of Bermuda AML/ATF regulations, as well as excellent communication skills. The AML Compliance Manager acts as Money Laundering Reporting Officer and AML Compliance Officer. Contributing to the continued enhancement of the Compliance & Risk framework and promoting a strong compliance culture.

This role will act as a key point of contact for Compliance-related matters in Bermuda and US and provide support on critical regulatory topics

• Support the SVP, Head of Compliance & Risk, Bermuda & Cayman to maintain an effective control framework and to ensure compliance with all relevant external laws and regulations, internal codes and policies and good practices.
• Primary responsibility for Fund Services compliance with the ability to work cross-functionally across client service teams, including reporting directly to clients where necessary. Partner with stakeholders to encourage adherence to compliance policies, procedures, and controls.
• Oversee compliance with the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008, Insurance Act 1978, Investment Funds Act 2006, Fund Administrator Provider Business Act 2019, and applicable codes of conduct and all other relevant regulations applicable to ACS ("the Regulations")
• Respond to compliance queries providing guidance and advice on matters relating to KYC and CDD for new and existing clients/investors and perform general AML/ATF activities for clients across all levels and client service teams.
• Liaise with internal and external clients as required, for problem resolution and appropriate relationship management, drive conversations directly with internal and external clients to ensure on-going compliance and satisfactory service delivery.
• Review and report on the administration of client’s KYC documents, including updating of records, monitoring on boarding policies, procedures, and risk assessments.
• Appointment as Compliance Officer (CO) and Reporting Officer (RO) with subsequent provision of AML CO & RO responsibilities for Fund Administration clients.
• Conduct due diligence reviews for on boarding of new business and perform ongoing sanctions and compliance reviews to ensure adherence to policies and procedures and make recommendations for improvements where necessary.
• Active oversight and communication as it may relate to any local and international Sanctions that are imposed, and or lifted, and their impacts on the business and its clients/investors.
• Review and oversight of screening/sanctions reviews for new business, trigger events (change of directors, controllers etc.), new payees, beneficiaries, instructions from BMA & CFSC etc. (to include reviewing and clearing of all alerts, liaising with MLRO or DMLRO when escalation is appropriate).
• Support and provide AML/ATF & Sanctions guidance and training to all new and existing staff, including Board level.
• Oversee all BMA thematic and ad-hoc reviews and on-site examinations. Primary responsibility and main point of contact for a portfolio of clients.
• Assist in the execution, monitoring and enforcement of FATCA and CRS compliance. Provide efficient reporting of FATCA and CRS data.
• Assist in various ad-hoc risk & compliance initiatives as required to improve the efficiency and productivity of the business.

• Bachelor's degree in Business or related field.
• A recognized advanced compliance designation or certification.
• At least 5 years of KYC/AML compliance experience in a similar client-facing role, with practical, hands-on application of the responsibilities outlined above.
• Demonstrated comprehensive understanding and application of Bermuda compliance, Sanctions and legislation requirements.
• Experience and exposure to Foreign Account Tax Compliance Act (FATCA) and CRS regulations.
• Working knowledge of international sanctions, financial crime (money laundering, bribery, corruption, insider trading and fraud), and counter party due diligence and risk management as well the regulatory regime of offshore jurisdictions.
• Effective communicator with strong written and collaboration skills, able to build meaningful…