Team and business overview
The Guernsey compliance team:
- Fills the statutory roles of Compliance Officer and Money Laundering Reporting Officer to 5 businesses and to managed entities including a bank and Protection of Investors licensees
- Provides advice to those businesses on regulatory obligations
- Performs compliance monitoring to meet regulatory requirements and those of shareholders, boards and committees
- Provides internal controls on staff personal account dealing etc
- Undertakes investigations and provides reports to boards / committees
- Reviews developments in regulatory and financial crime requirements, updates compliance policies and procedures and provides training on those
- Manages relationship with the regulator, coordinates Kleinwort Benson’s response to regulatory enquiries and inspections, makes notifications, logs/monitors/reports on breaches and complaints
- Contributes to and implements regional exercises on compliance themes
Key issues for the team include:
- Balancing the above requirements and fulfilling them efficiently
- Meeting statutory requirements/deadlines and internal monitoring targets
- Achieving balance between advisory and control/reporting roles and a constructive but firm relationship with the businesses.
Role purpose
Within the above framework, to act as Compliance Officer and Deputy MLRO to Kleinwort Benson’s Guernsey fiduciary licensees
Key accountabilities
Prepare reports to boards and committees to help them fulfil their responsibilities for oversight of the businesses
Undertake compliance monitoring of regulatory requirements to ensure that they are met and that breaches are logged, followed up and minimised
Advise and guide staff on applicable regulatory requirements including AML/CFT
Train and develop staff in the relevant businesses to improve standards and reduce breaches
Manage regulatory relationship to minimise regulatory risk and maximise benefit
Technical/qualifications
Technical skills
Knowledge of private fiduciary business and regulatory requirements applicable to it
Factual analysis and report writing
Ability to make recommendations and persuade
FSA approved role? No
JFSC/GFSC Regulated Role? Yes GFSC
Qualifications and industry experience
Compliance experience
ICA Diploma or equivalent
Background in private fiduciary