Vice President

Date: 8 Jul 2024

Location: Grand Cayman, KY, KY1-9001

Company: Walkers Global

Walkers is a leading international law and professional services firm providing legal, corporate and fiduciary services to global corporations, financial institutions, capital market participants and investment fund managers. With a global presence spanning the Americas, Europe, the Middle East and Asia, we advise on the jurisdictions of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey.

Walkers treat everyone as the intelligent grown-ups they are. We take a grown-up approach to getting the job done – trusting and empowering our people to deliver consistently, and enabling them to succeed. Diversity is our secret weapon – it’s the sheer breadth of Walkers people that makes us who we are – gathered from across the globe and fluent in languages, jurisdictions and cultures that help us to mirror our clients and keep our own thinking in tune with the world we operate in.

Overview

Walkers Compliance Regulatory Services Limited (WCRSL) invites applications from suitably qualified Caymanians or Residency with Employment Rights Certificate holders for the position of Vice President (AML Officer Appointments).

 

The successful candidate will be part of a dynamic, fast-growing professional team. Excellent opportunities for training and professional development exist for strong candidates interested in providing client-facing AML services.

Duties, Responsibilities & Person Specification

Act as Anti-Money Laundering Compliance Officer (AMLCO), Money Laundering Reporting Officer (MLRO) and Deputy Money Laundering Reporting Officer (DMLRO) to a portfolio of client entities conducting relevant financial business, to include, without limitation:

 

•           Oversight and monitoring Anti-Money Laundering, Counter Terrorist Financing and Anti-Proliferation Financing (AML/CFT/APF) policies and procedures to ensure that the requirements of the Cayman Islands AML/CFT/APF regime have been adequately implemented by client entities

•           Advising the board of directors (or equivalent) of client entities on AML/CFT/APF compliance matters, including presenting AML reports at board meetings

•           Advising clients on general AML/CFT/APF matters arising

•           Liaising with third parties, such as fund administrators and investment managers, to ensure that appropriate AML controls are implemented as necessary

•           Conducting random and periodic testing of fund administrator's AML procedures

•           Where applicable, act as the main point of contact with competent authorities and respond to requests for information within the requisite periods

•           Investigating reports of suspicious activities / transactions and making onward disclosure filings as necessary

•           Ensuring that adequate 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 internal audits, regulatory inspections and remediation projects

Job Responsibilities

 

In addition, successful candidates will also:

  • Keep abreast of industry developments and trends and collaborate closely with professional colleagues to review new legislation, industry trends and compliance issues
  • Be responsible for contributing to the development of Walkers’ internal and external best in class services and processes
  • Maintain and develop strong client relationships
  • Manage a team of junior staff including allocation of work, providing training and support
  • Initiate and assist with marketing and thought leadership initiatives
  • Drive the development of complementary service offerings

Education, Skills & Experience

•           In-depth experience of Cayman Islands AML legislation and related regulatory guidance, knowledge of BVI legislation would be viewed as a positive

•           Professional AML compliance certification required (e.g. ACAMS or ICA), or a bachelor’s degree or equivalent from a recognized university or college with a minimum of 8 years’ experience in a legal, compliance, audit, accounting or regulatory role within the financial services industry

•           Prior experience acting as AMLCO and MLRO on a portfolio of investment funds, which would include reporting to the fund boards

•           In-depth knowledge of investment funds and structured finance entities

•           Excellent written, oral and interpersonal skills to communicate effectively with staff, management and diverse international clients

•           Excellent presentation skills and willingness to manage, train and develop junior staff

•           Demonstrate ability to autonomously manage a portfolio of clients with minimal supervision

•           Participate in continuously improving services through critically evaluating systems of work, promoting new ideas and actively developing service improvements

•           Ability to work in a flexible and professional manner, including working beyond normal business hours when needed and have a willingness to respond positively to changing circumstances and urgent matters.

 

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. Remuneration commensurate with qualifications and experience

and will be up to US$135,000.00

 

To Apply

Qualified applicants must submit a cover letter and resume. Only candidates selected for interview will be contacted.

Walkers global is an equal opportunity employer. Equality and diversity are key to our global identity and an integral part of our goal to continue being an employer of choice. We are committed to a work environment that supports all individuals irrespective of gender, ethnicity, nationality, race, religion, marital status, age, disability, pregnancy, sexual orientation, gender identity or any other applicable legally protected characteristics. We make every effort to ensure that employment opportunities are open and accessible to all purely on the basis of personal ability.