About This Role
Working independently, the Compliance Analyst provides technical compliance and financial crime expertise to support the MLCO, MLRO, and Compliance Officer in maintaining an effective compliance and anti-financial crime framework. This role involves challenging where appropriate and offering practical regulatory guidance on complex fiduciary structures, client due diligence, and regulatory obligations.
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 the 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
- Take on Deputy MLRO responsibilities in the absence of, or at the request of, the MLRO within an agreed period of time
- 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
