AML Officer - Cayman Islands

Overview of role

Walkers invites applications from suitably qualified Caymanians or Residents with Employment Rights only for the above position:

Duties, Responsibilities & Person Specification

• Implementation and oversight of AML, Counter Terrorist Financing and Anti-Proliferation Financing (together "AML/CFT/APF") policies and procedures which will ensure compliance with the Cayman Islands AML regime;
• Advising a board of directors (or equivalent) of client entities on AML/CFT/APF compliance matters, including presenting AMLCO reports at board meetings;
• Advising clients and related third parties, such as fund administrators, on general AML/CFT/APF matters arising;
• Conducting risk based periodic testing of AML services provider due diligence and related procedures;
• Where applicable, act as the main point of contact with competent authorities and respond to requests for information;
• Investigating reports of suspicious activities / transactions and making onward disclosure filings as necessary;
• Ensuring that required AML/CFT/APF logs are maintained;
• Assisting clients with ad-hoc requests in relation to their ongoing AML/CFT/APF obligations, including in relation to AML/CFT/APF audits and regulatory inspections;
• Keep abreast of AML/CTF/APF industry developments and trends and collaborate closely with professional colleagues in the review of new legislation, industry trends and compliance issues;
• Maintain and develop strong client relationships;
• Assist with the AML Services client due diligence service line; and
• Be responsible for maintaining WPS internal and external best in class client service delivery.
• In addition to discharging the AMLCO, MLRO or DMLRO functions, the successful candidate will also:
  • Supervise AML analysts, including allocation of work, providing training and support as necessary; and
  • Assist with internal AML Services projects and business development strategies as needed.

Education, Skills & Experience

• A professional AML compliance qualification is required or a bachelor’s degree or equivalent from a recognized university or college
• Minimum of 3 years’ experience in AML compliance or other regulatory role within the financial services industry
• Knowledge of the Cayman Islands AML regime with particular focus on the investment fund industry
• Excellent written, oral and interpersonal skills
• Excellent presentation skills and willingness to train and develop junior members of the AML services team
• Demonstrated ability to autonomously manage a portfolio of clients with minimal supervision
• Participate business development strategies and service delivery initiatives
• Highly organised and detail oriented
• High level of responsibility and decision making
• Ability to work under pressure
• Ability to work independently as a collegiate member of a team
• Strong client and time management skills
• Communicate clearly and effectively, both verbally and in writing

Compensation Data

Walkers offers a dynamic working environment with opportunities for career progression and an excellent remuneration package, including a discretionary performance based bonus, 5 weeks' vacation, pension and fully covered health insurance. Remuneration commensurate with qualifications and experience.

Please note that Walkers Professional Services will not accept any applications received from agencies at this time.  Only candidates selected for interview will be contacted after the deadline.