Compliance Analyst, Finance & Banking

We are looking for an experienced Compliance Analyst to provide technical compliance and financial crime expertise to support the MLCO, MLRO and Compliance Officer in maintaining an effective compliance and anti-financial crime framework.

The role holder will be expected to work independently, challenge where appropriate, and provide practical regulatory guidance to the business on complex fiduciary structures, client due diligence matters and regulatory obligations.

To monitor, review, and assist with the implementation of compliance policies, procedures and controls, as well as the development and maintenance of systems and controls in line with evolving requirements.
Within an agreed timeframe, the role holder will undertake Deputy MLRO responsibilities and will be expected to demonstrate sound judgement when assessing potentially suspicious activity.

• Ensure compliance with the Code of Practice for Trust Company Business, the JFSC Handbook on Countering Financial Crime, and all other applicable laws and regulations.
• Manage and complete periodic testing under the Compliance Monitoring Programme, ensuring all aspects of the relevant statutory and regulatory framework are evaluated and effectiveness of systems and controls is assessed.
• Document and report findings arising from Compliance Monitoring Programme to the MLCO and the business and recommend remediation actions and amendments to systems and controls based on findings.
• Monitor outstanding remediation actions arising from the Compliance Monitoring Programme or any other review undertaken.
• Maintain up-to-date knowledge of changes in Jersey’s financial services laws and regulations and assist the MLCO/CO to ensure policies reflect current legal, regulatory and industry best practice.
• Maintain and update the firm's regulatory compliance registers, ensuring data integrity and auditability for presentation at quarterly Board meetings or as otherwise required.
• Provide advice to the business on the application of legal and regulatory requirements including client due diligence and enhanced client due diligence measures, in line with anti-financial crime and fiduciary obligations, for new and existing clients.
• Conduct and document daily sanctions screening reviews, including reviewing alerts, escalating potential matches, and ensuring appropriate action is taken.
• Assist with client-onboarding reviews, to ensure that appropriate client due diligence and enhanced due diligence is properly applied and documented for presentation to the New Business Forum.
• Assist the MLCO/CO/MLRO with the preparation of quarterly Compliance reports to the Board.
• Assist with scheduling internal training, creating training presentations and provide training to staff as required.
• Assist the CO/MLCO with responses to regulatory data collections, queries and inspections.
• Within an agreed period of time, take on Deputy MLRO responsibilities in the absence of, or at the request of, the MLRO:
  • Receive, acknowledge, and consider internal Suspicious Activity Reports (SARs) submitted by employees of Collas Crill Trust Jersey in a timely manner.
  • Document all enquiries made in relation to each SAR and document the basis for reporting to the FIU or the decision not to make such a report.
  • Ensure where appropriate that all relevant information or other matter leading to knowledge or suspicion of money laundering is properly disclosed to the FIU.
  • Securely maintain adequate records, including the SAR Register, relating to all internal and external SARs.
  • Assist with managing relationships effectively, post-disclosure, to avoid tipping off any external parties.
  • Ensure appropriate levels of communication are maintained with relevant employees and the Board of Directors.
• Liaise with the JFSC and FIU authorities in relation to any external enquiries in relation to money laundering, the financing of terrorism or proliferation financing.

• Good standard of verbal and written English with a minimum of Grade 4/5 in English and Math GCSE or equivalent.
• ICA Advanced Certificate (or equivalent professional compliance qualification).
• Demonstrable commitment to ongoing professional development and maintaining up-to-date regulatory knowledge.

• ICA Diploma.
• STEP or CGI qualification.
• Other relevant financial crime qualification.

• Good standard of verbal and written English and excellent…