Head of Compliance Advisory
Head of Compliance Advisory needed for Jersey arm of Global Financial Services Firm
Role Details
* Take a leadership role for Compliance strategy, providing direct support to the Head of Compliance, Global Trust as necessary.
* Support and enable business objectives by ensuring relevant WM businesses are equipped to meet evolving regulatory requirements, including by identifying, assessing, tracking, where possible influencing and preparing for new developments and ensuring the implementation of relevant Global Compliance regulations.
* Assist senior management and businesses in embedding compliance and compliance management in the culture of the relevant businesses and operations.
* Support the business in its management and mitigation of reputation and regulatory risk resulting from non-compliance with applicable regulatory standards; and
* Lead constructive working relationships and ensure maintenance of relationships with all relevant banking, securities and other regulators.
PRIMARY RESPONSIBILITIES
* Working closely with the Global Trust Head of Compliance and with other members of the Compliance senior management team.
* Design, implement and maintain an appropriate compliance management framework which meets global firm compliance standards as well as applicable local regulatory requirements.
* Assessment of regulatory compliance risk;
* Design and maintenance of policies and procedures to address the identified risks;
* Provision of advice and counsel;
* Maintaining regulatory relationships;
* Maintenance, development and ongoing execution of Compliance monitoring systems and techniques designed to provide effective and robust independent Compliance monitoring and surveillance, and
* Escalation of significant compliance issues and deficiencies to relevant business leaders, operating committees, boards of directors and Global Compliance functional line management
* Ongoing supervision and leadership of the Compliance Advisory team
* Direct/lead the respective named Compliance Officers and other compliance staff who make up the Compliance Advisory Team to ensure adequate coverage and focus under a risk-based approach and in line with Enterprise Global Compliance standards;
* Develop and execute an effective ongoing Compliance training awareness programme across the platform, to ensure strong employee awareness of key applicable firm policies and external regulatory requirements;
* Oversee / support the management of specific regulatory issues and exposures;
* Act as primary contact point for Compliance related matters for senior management and boards;
* Provide effective compliance support on new business initiatives (whether strategic, tactical or transactional), as appropriate, to ensure that compliance regulatory risk issues are taken into account and addressed at an appropriate stage;
* Proactively monitor and advise on forthcoming changes to the external regulatory environment that will impact upon operations; participate in relevant Industry / regulator working parties and for a as needed;
* Oversee the provision of high quality formal compliance reporting to relevant management committees and operating company boards in accordance with agreed formats and schedules;
* Ensure that all new marketing materials are subject to appropriate Compliance review and approval;
* Act as Senior Compliance contact for, and maintain positive relationships with, the Jersey and Guernsey Financial Services Commissions (JFSC and GFSC);
* Provide Compliance oversight and support in relation to Internal and External Audit reviews as well as regulatory onsite inspections;
Skill Set Required
* A senior Compliance professional with proven relevant regulatory, business and/or professional experience, who is familiar with all trusts, funds, investments, etc and the applicable regulatory regimes.
* Must have excellent communication skills and be able to work with limited day to day direct supervision.
* Ability and willingness to accept accountability, assume pro-active leadership, demonstrate initiative, and lead by example in teamwork, cross-unit co-operation, information sharing.
* Select, develop and manage qualified compliance staff, including by way of appropriate delegation and empowerment and effective management of weaker performers.
* Provide focus and clarity in establishing job mandates, setting annual performance objectives and conducting annual performance reviews to drive performance management, support career development and reward strong performance.
* Extensive compliance experience obtained in a financial services environment (ideally within a financial conglomerate), regulator and/or other comparable environment, including managing all or a significant part of the compliance function.
* Excellent knowledge of applicable laws and regulations, including those associated with banking, trust company business, investment business, collective investments funds, safety and soundness, and data protection / privacy.
* Strong interpersonal and people management skills.
* Ability to understand and manage business conflicts, competing priorities etc as necessary.
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