Vice President - Cayman Islands

Overview of role

Walkers Compliance and Regulatory Services Limited ("WCRSL") invites applications from suitably qualified and experienced professionals for the role of Vice President - Anti-Money Laundering Compliance Services ("VP – AML Services").

WCRSL specialises in the provision of outsourced AML compliance services and is part of Walkers Professional Services ("WPS"), the corporate and fiduciary services arm of Walkers Global.  WCRSL offers outstanding opportunities to enjoy top quality work and career growth in an innovative, flexible and collegiate environment.

Duties, Responsibilities & Person Specification

• Act as Anti Money Laundering Compliance Officer (AMLCO) and Money Laundering Reporting Officer ("MLRO") or Deputy MLRO to a portfolio of client entities to include, without limitation:
• 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;
• Directing risk based periodic testing of AML service providers' 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's internal and external best in class client service delivery.

In addition to discharging the AMLCO, MLRO or DMLRO functions, the successful candidate will also:

• Manage and mentor AML Services Analysts, including allocation of work, providing training and support as necessary; and
• Manage 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 2 years’ experience serving as an outsourced AML officer with an overall minimum of 5 years' experience in AML compliance or other relevant 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;
• Proactively contribute to business development strategies and service delivery initiatives

Compensation Data

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

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

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