Compliance Assistant

jobs.jerseyeveningpost.com-job boards; United Kingdom; On-site; GBP 40,000 - 60,000; Full time

Job description

Our client is seeking a motivated Compliance Assistant to support their compliance team in managing regulatory requirements, identifying risks, and fostering a culture of compliance across the organisation. This role will involve assisting with compliance monitoring, regulatory reporting, and ensuring that policies and procedures align with relevant laws and guidelines. The Compliance Assistant will work closely with the Compliance Officer and other internal departments to uphold the company's regulatory obligations and maintain its excellent reputation in the financial services sector.

Job Duties:

• Assist in executing the compliance monitoring programme, including testing and reporting on various compliance controls.
• Support the completion of periodic regulatory and internal compliance reports.
• Document and track compliance issues, incidents, and resolutions as required.
• Review and verify client onboarding documentation to ensure compliance with Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and Countering the Financing of Proliferation (CPF) regulations, as well as Know Your Customer (KYC) requirements.
• Conduct ongoing due diligence reviews of existing clients and ensure records are up to date and in line with regulatory requirements.
• Escalate potential risks or red flags to the Compliance Officer.
• Monitor relevant regulatory changes and assist in updating policies and procedures to remain compliant with the latest laws and guidelines.
• Assist in interpreting and implementing new regulatory requirements impacting company and trust administration activities.
• Support the drafting, updating, and implementation of compliance policies and procedures.
• Ensure that staff have access to up-to-date policies and that changes are communicated effectively.
• Support the Compliance Officer in organising and delivering compliance training sessions for staff, covering AML/CFT/CPF, CDD, data protection, and other compliance-related areas.
• Maintain training records and track completion of mandatory compliance training programmes.
• Maintain accurate and organised compliance documentation, ensuring accessibility and compliance with record-keeping policies.
• Assist in the preparation and submission of regulatory filings and documentation, ensuring accuracy and timeliness.
• Provide general support to the compliance team, responding to internal queries, participating in projects, and assisting with audits.
• Engage in team meetings, offering insights or feedback on compliance-related matters, and helping to foster a positive compliance culture within the organisation.

Job Requirements:

• A degree in law (preferred but not essential), business, finance, or a related field, or an equivalent combination of education and experience.
• Familiarity with Jersey's regulatory environment, particularly relating to financial services and trust and company administration.
• Knowledge of AML/CFT/CPF, CDD, and KYC standards, as well as an understanding of global and local financial regulations.
• Strong attention to detail with the ability to identify discrepancies and potential risks.
• Excellent written and verbal communication skills, with the ability to communicate regulatory requirements clearly and concisely.
• Proficiency in Microsoft Office Suite and familiarity with compliance software or databases used in financial services.
• Strong analytical and problem-solving skills, with the ability to handle sensitive information with discretion.
• ICA or other relevant compliance certifications (or the willingness to work towards such qualifications) are advantageous.
• Previous experience in a compliance, regulatory, or financial services role is preferred, particularly within trust and company administration or a similar field.
• Experience with Jersey Financial Services Commission (JFSC) regulations and reporting requirements is a strong advantage.
• Ability to manage multiple priorities in a fast-paced, regulated environment.
• Capable of working effectively as part of a team, contributing to shared goals and supporting colleagues where needed.
• Flexible and able to adjust to regulatory changes and shifting company priorities.

What You'll Love:

Our client offers a dynamic and supportive work environment where the compliance team plays a pivotal role in the organisation's success. With a commitment to regulatory excellence, the company fosters professional development and provides opportunities for employees to grow within the organisation. You will be part of a collaborative team, dedicated to maintaining high standards and ensuring that the company meets its regulatory obligations. The company also offers a positive work culture and opportunities to build your career in the compliance field.

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