Regulatory Operations Executive - Walkers Fiduciary Limited - Cayman Islands

Walkers Global; Kentucky; Remote; USD 100,000 - 125,000; Full time

Job summary

A leading international law and professional services firm is seeking a Regulatory Operations Executive to ensure compliance with regulatory obligations for Special Purpose Vehicles in structured finance transactions. The ideal candidate will have 3-5 years of AML/CFT experience, strong analytical skills, and proficiency in compliance software. This role offers a dynamic working environment with career progression opportunities and an excellent remuneration package.

Benefits

5 weeks' vacation

Pension

Health insurance

Qualifications

• Minimum of 3-5 years AML/CFT experience required.
• Strong computer literacy and communication skills are necessary.
• Proficiency with compliance-related qualifications is an asset.

Responsibilities

• Conduct end to end CDD checks on customers.
• Collaborate with SPV relationship managers for onboarding.
• Work with internal teams for testing and reporting compliance.

Skills

Attention to detail

Analytical skills

Communication skills

Interpersonal skills

Computer literacy

Education

Business/legal degree or relevant experience

Tools

Microsoft Word

Microsoft Excel

CDD/KYC platforms

Job description

Regulatory Operations Executive - Walkers Fiduciary Limited - Cayman Islands

We are 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 laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey.

We treat everyone as the intelligent professional they are. Our approach is to trust and empower our people to deliver consistently, and enable 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 in which we operate.

Overview of role

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

Responsible for ensuring that Special Purpose Vehicles that are incorporated as part of structured finance transactions in the Cayman Islands are complying with their regulatory obligations – specifically that SPV\'s are complying with their policies and procedures set up to facilitate compliance with the Cayman Islands Anti-Money Laundering/Counter Terrorist Financing ("AML/CTF") regime.

Duties, Responsibilities & Person Specification

• CDD & Risk Assessment Execution: Conduct end to end CDD checks on the SPV\'s customers which include noteholders, investors, lenders across warehousing, close and post close transaction stages.
  • Collect, verify and maintain all required documentation required under the AML/CTF policies and procedures applicable to the SPV.
  • Perform Sanctions, Politically Exposed Person (PEP) and Adverse Media screening on all relevant parties and escalate any hits or red flags to AML Officers/MLRO/DMLRO as appropriate.
  • Analyse CDD information to assess and assign risk ratings in line with the customer risk scoring models adopted by the SPV.
  • Conduct enhanced due diligence checks on high-risk customers and escalate any relevant findings.
  • Conduct ongoing monitoring of high-risk customers and conduct periodic reviews over customers to ensure information remains current and accurate.
• Collaboration:Work closely with SPV relationship managers, Cayman legal counsel, WPS Operational Risk and Walkers Compliance teams to ensure a smooth and compliant onboarding process for customers, and to address any ad-hoc compliance inquiries.
• Process Improvement: Work closely with the Process and Risk Manager – Fiduciary Services to identify and recommend enhancements to existing procedures, systems and controls to improve efficiency and mitigate emerging risks.
• Assurance and Testing: Work with the WPS Internal Monitoring team and AML officers to set up testing plans for sample-based QC and QA testing of the adequacy of CDD checks on noteholder vehicles.
• Reporting: Provide management reporting to SPV relationship managers, AML Compliance Officers and WPS Senior Management of the status of CDD requests and compliance status for every customer of each SPV.

Education, Skills & Experience

• A business/legal degree or related qualification, or relevant experience in a role within the financial services industry.
• Minimum 3-5 years AML/CFT experience (across AML/KYC/CDD/Screening) and an understanding of the regulatory regime in the Cayman Islands required, with solid knowledge of the know-your-customer and customer due diligence requirements.
• AML/CFT compliance related qualification would be an asset.
• High Level of computer literacy and strong communication skills are required.
• Excellent attention to detail and strong analytical and problem-solving skills.
• Strong interpersonal skills and ability to multi task.
• Excellent knowledge of Microsoft Windows - Microsoft Word/Excel/Outlook/PowerPoint.
• Experience with Viewpoint and InTapp would be an asset.
• Proficiency with CDD/KYC platforms and screening tools would be an asset.
• highly organised and detail oriented.
• high level of responsibility in regards to taking ownership to get the job done.
• ability to work under pressure to meet deadlines, as well as work independently and as a cooperative member of a team.
• tact and diplomacy when dealing with confidential matters.
• communicates clearly and effectively, both verbally and in writing, with people at all levels.
• able to work in a fast paced environment.

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.

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.