Compliance Analyst

Key Responsibilities

• 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.

• 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.

Skills, Knowledge and Expertise

• 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 communication skills; confident communicator able to provide clear guidance to internal stakeholders.
• Ability to work independently and exercise sound judgement on regulatory and financial crime matters.
• Discretion, tact, resilience, and ability to manage confidential information.
• Proactive and well-organised, with the ability to manage competing deadlines.
• Minimum of 3 years experience in a Compliance, AML/CFT/CPF, or financial crime role in a Jersey financial services firm.
• Good understanding of the conduct and prudential requirements applicable to regulated financial services businesses in Jersey.
• Experience undertaking compliance monitoring reviews, reviewing high-risk and complex client relationships, and providing practical regulatory guidance, including in relation to enhanced due diligence, sanctions, adverse media screening and the identification and remediation of compliance issues.
• Excellent report-writing and analytical skills.
• Demonstrable potential to develop into a Deputy MLRO role within an agreed timeframe, supported by sound judgement and strong knowledge of financial crime obligations.
• Competent in Microsoft Office suite applications including Word, Excel, and PowerPoint.

• Experience in a Jersey trust company business (highly desirable) or fiduciary services business.
• Experience supporting a MLRO role.
• Experience in providing training in a Jersey financial services business.