Cayman Island Trust AML Compliance Manager

  • Base salary, bonus and top tier benefits
  • New York, NY, USA
  • Permanent, Full time
  • The Forum Group
  • 21 Mar 19

Our client, one of the most established and well regarded asset management firms is seeking to add an AML professional to cover it's Cayman Island Trust and Fund businesses.

Specific responsibilities of the AML Officer include drafting and overseeing changes to AML policies, procedures and protocols to ensure compliance with Cayman AML laws, completing an annual risk assessment of each Cayman Fund and keeping abreast of all Cayman AML regulatory updates. 

The AML Officer will also be responsible for overseeing the production of metrics and leading special projects, as needed.  The position operates as a manager in the AML team and is independent of firm business lines.

Key responsibilities include:  

o Oversees Trust and the Cayman Funds maintain AML Programs consistent with Cayman regulatory standards and for Firm's Global Program;
o Provide oversight over AML functions delegated by the Cayman Funds and Trust
o Keeping abreast of all Cayman AML regulatory updates
o Perform AML and sanctions risk assessments for each Cayman Fund
o Leads, coordinate and provide support in Cayman Islands AML exams;
o Leads, coordinate and provide support in SAR filings with CIMA, as appropriate;
o Collaborate with senior management to develop, recommend, and/or execute business plans for area of responsibility
o Provide management reporting to Sr. Compliance Managers on various stages of the business plan.
o Special projects as assigned by the Heads of PB or IM Compliance
o Lead, perform and maintain AML Training
o Leads and/or provide support on special projects as required. Examples include: maintaining project records; documenting the status of projects; working with department head to reconcile documentary evidence of projects
o -Strong subject matter expertise on Cayman AML laws and regulations (e.g., Proceeds of Crime Act; Anti-Money Laundering Regulations; Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing)
o -5+ years of AML experience within the Cayman Islands or on behalf of Cayman Islands funds/trusts
o -10-15 years or more of AML Experience
o -Strong understanding/knowledge of AML statutes and regulatory requirements, and industry practice within the Cayman Islands;
o -Knowledge of US AML regulations preferred;
o -Solid knowledge of custody business, securities and investment funds compliance
o -Experience with conducting AML and Sanctions Risk Assessments within the Cayman Islands
o Experience with compliance testing
o Strong analytical skills