Deputy Head of Aml

**Job Summary**

**What is the opportunity?**

To act as the Deputy Head of AML and Money Laundering Compliance Officer in a newly created role.

You will support the delivery and ongoing maintenance of the financial crime compliance programs across the Wealth Management business in Jersey. In addition, the role involve being a key decision maker and working closely with senior management to ensure the long term needs of the business are met.

The role will include the provision of advice and counsel on complex financial crime matters and supporting the assessment of both inherent and residual risks within an agreed framework. You will support and develop a strong and consistent compliance culture.

**What will you do?**

Support the ongoing operation of the Financial Crime model in Jersey, as it relates to the wealth management businesses. The core activities impacting on the employee, will include:

- Acting as Deputy Head of AML, make key decisions in the absence of the Head of AML.
- Acting as Money Laundering Compliance Officer (MLCO) and Deputy Money Laundering Reporting Officer (DMLRO), in line with legal and regulatory requirements.
- ** Development and delivery of policies and procedures**. Ensure appropriate local policies & procedures are implemented in line with Global Policy, Control Standards and Guidance;
- ** Monitoring & Investigation** Work with the Global FIU & Analytics teams to ensure that client transactional behaviour is reviewed and monitored for unusual behaviour and manage the local investigative resource to ensure all investigations are managed appropriately through to conclusion, in a timely and accurate manner.
- ** Enterprise AML, CFT, CPF, ABAC and Sanctions Risk Assessments** Work with relevant business units and functions to manage the completion of annual risk assessments.
- ** Business Risk Assessment (BRA)** Work with the business to complete periodic updates to BRAs, specifically setting out risks, systems and controls.
- ** Risk Rating** Ensure that Enterprise risk rating methodology is effectively applied and implemented within the business for all clients.
- ** Testing** In conjunction with the Global Financial Crime Oversight Testing function, ensure that all relevant testing (including KYC, Departures/Exceptions, screening, transaction monitoring and Client On-boarding) is completed and that any findings are reported back to the relevant business line.
- ** Periodic Client Review** Ensure that procedures are implemented and tested within the business for clients to be assessed periodically, or on a trigger event basis as appropriate, to ensure that their profile and risk rating remain accurate.
- ** Reporting** Prepare and deliver regular AML metrics and reporting to the relevant boards / senior management, identifying weaknesses and where appropriate action plans. Work with AML Policy and Reporting functions to produce regular reporting for Group Compliance and Audit Committees.
- ** High Risk Clients** Liaise with the High Risk Client Management team to coordinate appropriate risk assessments for considerations by the relevant Committees and ensure appropriate sign off of risk.
- ** Suspicious Activity Reporting** Work with the MLRO(s) to ensure that there is a process in place for staff to escalate internal suspicion reports. Liaise with authorities, in the capacity of DMLRO, where the decision is made to externalise suspicious activity.
- ** Training **Work with the business and the Global AML Policy & Reporting function to ensure that appropriate training is prepared and delivered.
- ** People Management** Act as line manager for any DMLCO, including objective setting, performance evaluations, and recruitment.

**What do you need to succeed?**

**Must-have**
- University degree and/or appropriate designations as compliance professional, professional designation in other appropriate areas such as law, risk management and/or audit.
- A broad knowledge of the Jersey Financial Crime framework
- Proven experience holding key person roles in the Financial Services industry, preferably in Jersey
- Ability and willingness to accept accountability, demonstrate initiative, work with limited direct supervision and support effective cross unit co-operation information sharing etc
- Creative/strategic/analytical thinker able to demonstrate sound analysis and judgement and prove sound, clear and practical advice to businesses
- Strong Verbal and written skills; ability to generate concise reports

**Nice-to-have**
- Hold a recognised relevant professional qualification
- Have experience as a key person in the Banking or Fiduciary industry

**What is in it for you?**

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- Lea