Our client, St Peters Trust are looking for a Legal, Risk Compliance Assistant Manager/ Manager to support the Director for Inhouse Legal, Risk and Compliance by ensuring the Legal, Compliance, Risk and Corporate Governance risks and requirements are identified, managed and monitored.
This will be mid-management role, having to ensure that legal and compliance guidance are handed down to different operational teams, and to collect and report management information to the Director. Your key focus is to support the Director with ensuring the Company is fully compliant with legislation, the regulatory rules and regulations, and to ensure internal policies and procedures are fully maintained in accordance with such.
Strategic/Leadership
- Evaluate, identify and mitigate Legal, Risk & Compliance matters for the Company, including: The Fiduciary Rules and Guidance, the Handbook on Countering Financial Crime (AML/CFT/CPF), and Schedule 3; local legislation relating to drug trafficking; money laundering; and any other factors impacting the conduct of the business, providing advice and recommendations to the Director on findings.
- Manage matters related to corporate governance, including record-keeping and compliance with corporate formalities.
- Assist the Director in ensuring Legal, Risk and Compliance related policies and procedures are reviewed, updated and implemented in light of changes identified, suggesting practical solutions to application for both the Company and Clients.
- Work with the MLCO to review the effectiveness of the Compliance Monitoring Programme.
- Oversee the management of Customer Risk Assessments and Periodic Reviews carried out on customers and provide oversight of action points raised.
- Conduct Customer Risk Assessments and Periodic Reviews as and when necessary.
- Ensuring compliance with regulatory obligations whilst taking a commercial and practical approach to risk-based challenges and offer appropriate solutions.
- Promote a compliance culture within the Company.
Role responsibilities
- Oversee CDD and ECDD documentation for new and existing business/clients; ensure that client profiles are up to date and on refresh and trigger events; report deficiencies (if any) and make suggestions for remedial action.
- Maintain compliance elements of core databases.
- Preparation of various returns to external regulatory bodies, including review and implementation of any instructions issued, and responses to thematic reviews, consultations etc, as appropriate.
- Ensure the company complies with the GFSC handbook and in particular with Schedule 3, in all areas of its Business including, but not limited to, the Customer Risk Assessments and Business Risk Assessments.
- Maintain Compliance Registers.
- Operate within the required legal framework, ensuring that the Company is complying with necessary legislation.
- Interpret relevant legislation as appropriate, discussing necessary changes with the Director and ensuring the business fully complies.
- Monitor and assess regulatory developments and legal requirements related to fiduciary services and wealth management.
- Identify potential Legal or Compliance risks and provide strategic advice on risk mitigation strategies.
- Provide support in developing and maintaining internal policies and procedures that promote ethical conduct and regulatory compliance within the organisation.
- Provide training and guidance to employees and stakeholders on Legal, Risk and Compliance matters to ensure a culture of awareness and compliance.
- Assist with matters related to corporate governance, including record-keeping and compliance with corporate formalities.
- Prepare regulatory reports and disclosures as required by relevant regulatory authorities.
- Stay updated on industry trends, legal precedents, and best practices in fiduciary law and finance.
- Generally support the Director with responsibilities as delegated.
Management responsibilities
- Management responsibility of the Legal, Risk & Compliance functions.
- Review of the work of colleagues, when necessary, to identify compliance issues and provide advice or training.
- Liaise with staff on areas of Legal, Risk & Compliance or any day-to-day matters coming within the scope of the Legal, Risk & Compliance role.
- Maintain personal training, qualifications and Continuing Professional Development, including attendance at suitable seminars, workshops etc. where appropriate.
Experience
- Working towards an ICA Diploma
- Experience reviewing legal documentation
For applications or further information please email: [email protected]