VP AML Reporting & Compliance Client Services


Cayman Islands

The position

The Vice President oversees the effectiveness of Intertrust's AML Reporting & Compliance Services offering including the effectiveness of client entities' Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) systems, compliance by clients with applicable AML/CFT legislation and guidance and the regular operation of the clients' AML/CFT policies and procedures  (“P&Ps").

Responsible also for reporting on a regular basis to those charged with governance of client entities on AML/CFT compliance and for leading, on behalf of client entities, all interaction with the Cayman Islands Monetary Authority regarding AML/CFT compliance by client entities including in response to requests for information or onsite or virtual inspections, from time to time.

Your responsibilities

  • Serve as the designated AML compliance officer and deputy money laundering reporting officer to client entities, with the corresponding duties and responsibilities prescribed by Cayman law, from time to time
  • Serve as the designated point of contact with the supervisory and other competent authorities to oversee clients' AML/CFT compliance function and respond promptly to requests for information by the authorities
  • Review clients' AML/CFT programs, including control mechanisms, P&Ps and processes, and perform a gap analysis against Cayman statutory and regulatory requirements, where applicable
  • Ensure that clients' AML/CFT programs are tested on a regular basis in compliance with Cayman statutory requirements
  • Provide regular updates to those charged with governance of client entities in relation to compliance with applicable AML/CFT laws and regulations, including recommending amendments to reflect Cayman requirements from time to time
  • Attend meetings of those charged with governance of client entities on a regular basis to update and advise on Cayman AML/CFT compliance
  • Provide training to client entity employees, where applicable, on Cayman AML/CFT compliance; develop and maintain an internal training program for Intertrust staff within the team in conjunction with the Director of Risk Management & Compliance in Cayman
  • Monitor and test, on a regular basis, the logs maintained by the client entity, its administrator or other third party in respect of declined business, PEPs and requests from competent authorities particularly in relation to investigations
  • Lead, manage and oversee the work of the manager and indirect reports
  • Participate in regular communications and collaboration with the Business Unit Director to ensure sufficient knowledge and understanding of the day-to-day operations of the AML Reporting & Compliance Services team in order to ensure the smooth client service delivery

  • Develop and maintain strong relationship with clients, stakeholders, competent authorities and internal stakeholders
  • Support the Business Unit Director with client intake and business development including new opportunities, cross and upsell
  • Support the Business Unit Director in achieving the team's performance against the budget/plan
  • Assist the Business Unit Director with any new or ad hoc projects or reporting whenever necessary

Your profile

Required level and content of education;

  • Master’s degree or equivalent with a professional anti money laundering qualification
  • At least 5 years' experience with designing and maintaining risk, compliance, assurance, programs in the financial services industry

Functional competencies required;

  • Analytical - Ability to systematically and accurately review documents and files for necessary data, check records for accuracy, update documents to completion and retrieve data to answer questions

  • Decision Making – Ability to consider all relevant options resulting in suggestion of timely, effective and principles-based decisions

  • Facilitation – Ability to assist in the accomplishment of departmental goals.   Ability to manage change by providing the structure and environment for open communication, transparency and development

  • Knowledge – Solid knowledge and understanding of compliance reporting principles, corporate governance, relevant AML regulations and best practices with the ability to maintain awareness of local and international issues impacting the industry; an understanding of or experience in relation to Cayman AML/CFT laws and regulations is advantageous

  • Project Management – Ability to assist in the oversight of projects including allocation of duties, provision of status updates to stakeholders, adherence to timeframe and provision of status updates to senior management

  • Reporting – Communicate clearly and objectively on work completed and status of client matters

  • Training – Ability to guide and assist junior team members with new skills and knowledge that will enhance their product and add value to the client service offering

Behavioural competencies required;

  • Accountability - Adheres to deadlines and appointments; acts in accordance with organizational and quality standards; takes responsibility for own actions, establishes priorities, monitors progress and makes effective recommendations, whilst completing work in an efficient manner

  • Adaptability - Continues to work effectively when tasks change; does not lose balance when workload increases; is able to handle feedback and challenges, remains focused when given a deadline.  Assists in facilitating change by adapting to and implementing appropriate changes in culture, strategy and regulatory requirements

  • Attention to Detail - Remains focused when dealing with detailed information; checks work for accuracy

  • Communication – Strong interpersonal skills, including influencing with the ability to drive change and innovation; Effectively conveys information and expresses thoughts and facts; Demonstrates effective use of listening skills and is open to colleague’s ideas and thoughts; is able to develop professional relationships with colleagues and clients from all walks of life and with multi-cultural backgrounds

  • Client Focus – Monitors and meets the needs of clients, responding to them in a timely manner and continuously seeks to provide the highest quality service – ensuring client satisfaction;

  • Integrity – Adheres to commitments and treats all equally, respectfully and without discrimination

  • Leadership – Demonstrates awareness of the ways in which own actions impact the team; Demonstrates assertiveness, presence and confidence; Demonstrates trust and fairness in all actions by setting the standard and acting as a role model;

  • Occupational Knowledge – Demonstrates proficiency in the role and is committed to continuous learning, improvement and development to include the application of changes in relevant laws and legislation, technology (hardware, software, equipment and processes)

  • Proactivity – Commences tasks and duties without line manager request; proactively seizes opportunities that will assist the team and improve services

  • Teamwork – Works cooperatively and effectively with others to achieve common goals

  • Work Quality – Inspires and strives for excellence in all aspects of work; Anticipates potential problems and develops contingency plans to avoid them. Methodically and accurately undertakes tasks and strives for correctness

Key experiences required;

  • Ability to demonstrate a broad technical knowledge and expertise covering conduct of business matters, corporate governance matters and regulatory risk and regulatory change matters. In addition, experience of Intertrust's existing service offerings is preferred

  • Demonstrated leadership skills and ability to interact effectively across all levels of an organisation

  • Client liaison via telephone, email and face to face interactions

  • Request, follow-up and review of documentation

  • Experience working within a team environment

  • Adherence and delivery of work to tight deadlines

  • Relationship management experience

Computer knowledge required;

  • Proficiency in Microsoft Office Suite

  • Experience with ViewPoint, World Check and Laserfiche

About Intertrust Group

Intertrust Group is a global leader in providing tech-enabled corporate and fund solutions to clients operating and investing in the international business environment. We have over 4,000 employees across 30 jurisdictions in Europe, the Americas, Asia Pacific and the Middle-East. Together as a team we deliver high-quality, tailored fund, corporate, capital market and private wealth services to our clients, with a view to building long-term relationships.

What we offer you

Working at Intertrust means entering a dynamic, international and growth-oriented company. We provide you with outstanding opportunities for your professional and personal development through our local and global Intertrust Academies. Our International Mobility program enables talented employees to gain working experience abroad. We offer a competitive salary and benefits, commensurate with your qualifications and experience.

Apply now

Interested? We’d love to hear from you! Please click “Apply for this role” to submit your CV and optional cover letter.

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