AMLSP Direct Customer MLCO/MLRO

Summary and Overview

• AMLSP Direct Customer MLCO/MLRO
• Jersey
• Permanent
• Part time (14 hours per week and we are flexible on working pattern)
• Competitive Salary & Benefits

You'll carry out the roles of AMLSP Direct Customer MLCO/MLRO.

As a key component in Equiom’s services as an Anti-Money Laundering Service Provider, the MLRO is responsible for the receipt and review of all internal suspicious activity reports (SARs) received in relation to AMLSP Direct Customer and to decide whether it is appropriate to report externally.

As AMLSP Direct Customer MLCO, you'll be responsible for monitoring whether enactments in Jersey relating to Anti-Money Laundering (“AML”), the financing of terrorism (“CFT”), proliferation financing (“PF”) and any relevant AML/CFT/PF Codes of Practice are being complied with.

In addition to the above responsibilities you will:

• Act as Risk Officer and assist the Board/Managing Director with MI in relation to risk reporting to Board and Exco as required.
• Assist Client Services teams with onboarding of new clients, collation of CDD and source of wealth.
• Assist Client Services with front office touchpoints in the periodic review process.

Your New Role

This list of duties is not exhaustive and may change from time to time according to business needs:

• Carry out the roles of AMLSP Direct Customer MLCO and AMLSP Direct Customer MLRO to each AMLSP Direct Customer.
• Provide data and MI reporting for the Risk Committee and Board.
• Assist the client services teams with periodic reviews.
• Assist client services teams with onboarding of new clients, collation of and advice on CDD and source of wealth, putting together Business Acceptance packs and arranging BAC meetings.
• Ensure compliance with company standards, policies and procedures.
• Provision of advice and guidance to the business.
• Attendance at Committee & Management meetings where required.
• Training colleagues.
• Project involvement.
• Continuous process improvement.
• Fulfilment of Continued Professional Development (CPD).
• Work with the Equiom (Jersey) Limited MLRO / MLCO to assist with the development of Compliance related policies and procedures as appropriate.

AMLSP Direct Customer MLCO

• Hold the AMLSP Direct Customer MLCO designation.
• Responsible for developing and implementing a compliance monitoring programme in relation to AMLSP Direct Customers and overseeing associated remediation processes.
• Implement and maintain internal controls, policies and procedures pertaining to the roles of AMLSP Direct Customer MLCO.
• Report regularly and directly to Equiom (Jersey) Limited's MLCO & the AMLSP Direct Customer Board.

AMLSP Direct Customer MLRO

• Hold the AMLSP Direct Customer MLRO designation.
• Responsible for the receipt and review of all internal suspicious activity reports (SARs) relating to AMLSP Direct Customers and to decide whether it is appropriate to report externally, and record all enquiries made in relation to each SAR.
• Provide advice and guidance to AMLSP Direct Customers regarding SARs.
• Act as external liaison/principal point of contact with Joint Financial Crime Unit (JFCU) in relation to cases worked.
• Process AMLSP Direct Customer internal SARs, consent requests and other AML MLRO related requests to include:
• Acknowledgement of the internal SAR in a timely manner.
• Review and investigate each internal SAR / Consent Request in consideration of the Money Laundering (Jersey) Order 2008 and internal procedures; and, if applicable, externalise in a reasonable manner to seek JFCU consent as necessary.
• Populate and maintain the AMLSP Direct Customer SAR register with details of all iSARs, Continuation Reports and eSARs assigned for processing, adequately documenting the outcome of each review.
• Ensure the reasons for deciding whether to externalise or not are clearly documented.
• Maintain complete records relevant to each SAR / Continuation Report allocated for processing.
• Co-ordinate the fulfilment of Production Orders and TIEA requests – to include consideration as to whether said matters give rise to SAR reporting requirements.
• Preparation of quarterly AMLSP Direct Customer board reports to include SAR related MI as appropriate.
• Provide input into policies and procedures on iSAR and eSAR identification, treatment and processing.

What will you need to succeed in this role?

As to be expected, we are searching for someone who can bring a range of skills and experiences to enhance the team. As such, there are a few essential skills we are looking for:

• Good level of experience of working in compliance & risk.
• Ability to be approved as a Key Person as defined by Article 1 of the Financial Services (Jersey) Law 1998.
• Knowledge and experience of undertaking investigations into suspicious activity reports and reporting as appropriate.
• Excellent understanding of the Jersey Regulatory Framework, Laws and applicable Codes of Practice (including AML / CFT / PF Statutory Legislation).
• Experience in designing and executing Compliance Monitoring Programmes.
• Proficient in client structures e.g. corporates, trusts, foundations and the associated risks and due diligence requirements.
• An understanding of high-risk features such as PEPs, sanctions, sensitive business activities, material jurisdictional connections.
• Experience of working in an office environment within the Corporate/Trust industry.

Personal attributes which would be seen in the ideal applicant include:

• Well-organised and pragmatic.
• Methodical, analytical.
• Attention to detail.
• Ability to work both as part of a team & independently.
• Excellent interpersonal and communication skills including discretion.
• Client focused.
• Commercial awareness.
• Self-motivated and keen to develop.
• Commitment to improving the quality of the data.

Equiom Group

For more than 45 years we have supported high net worth individuals and international corporations to nurture and fulfil their ambitions. We are a global professional services provider, working with private clients, corporate clients and funds to navigate the twists and turns to achieve their ambitions.

We are proactive and passionate. We provide exceptional service to develop deep and meaningful client relationships, providing an unrivalled breadth of bespoke end-to-end wealth protection and business support services.

We are a business which has expanded, allowing us to adapt quickly to change and invest in key areas to support our growth journey. We are looking for brilliant people to join our team to grow and develop with us.

What should you do now?

If you are interested in this role, please apply now. If you have read the above and are unsure about whether this is for you; maybe you can do most of the responsibilities, or you have some of the key skills, please get in touch for a confidential conversation about the role and we can discuss further.

Equal Opportunities

Equiom Group is committed to Diversity and Inclusion across our Global business. We welcome applicants from all interested parties, and any reference to qualifications or certifications should be read to be interchangeable with local or international qualifications and certifications. All applications will be reviewed solely on their merits. All recruitment and selection will be conducted in accordance with prevailing Employment and Equality legislation.