Senior Compliance Manager

The Maples Group is a standard bearer in financial and legal services, trusted by many of the world’s largest hedge fund managers, private equity firms and international corporations.

Our distinction flows from our carefully curated team: 2,500+ professionalscharacterisedby tenacity, ethics and exacting excellence. Operating in key financialcentresacross the Americas, Asia, Europe and the Middle East, our international presence offers a unique springboard for career development and cross-cultural immersion. Our side-by-side financial and legal services are similarly ripe for interdisciplinary learning and growth.

The Maples Group looks toadd a Cayman Islands basedSeniorComplianceManagerto our team and invites eager and qualified candidates to apply. We are committed to diversity, inclusion and equality of opportunity as we attract, retain and develop world-class talent.

Who We Seek

Our merit-based culture suits professionals in pursuit of boundless careers and lives. Beyond their acumen, team members are collaborative and conscientious, bringing a healthy sense of drive and purpose to each interaction and to all aspects of their work.

About the Role

The SeniorComplianceManager will provide day-to-day advice, assistance and guidance to the Cayman Islands based members of the Compliance team in relation to Maples and Calder (Cayman) LLP and Maples Corporate Services Limited. Supported by the Compliance teams in the Cayman Islands and Leeds (UK), the SeniorComplianceManager will support efforts to ensure that the Maples Groupis at all timescompliant with the provisions of relevant financial services legislation in the Cayman Islands.

Primaryresponsibilitiesinclude:

Regulatory Compliance

• Assist the DHOC - Caribbean in ensuring that the Maples Groupis at all timesdulyauthorisedto carry out the financial services in accordance with the relevant regulations, including the AMLRs, POCA, the Terrorism Act, the Proliferation Financing (Prohibition) Act, and all associated regulatory instruments issued by CIMA
• Possess the authority to oversee the effectiveness of theAML/CFT/CPF and sanctions systems and ensure compliance with applicable obligations, operating independently of the business and operational functions overseen to ensure objective and unbiased assessment of the complianceprogramme
• Maintain direct access to senior management and ensure that they are kept informed of the operations of the ComplianceProgramme, including escalating any ML/TF/PF or sanctions issues as appropriate

Compliance and Risk Management

• Investigate negative news findings and determine whether further escalation is required
• Analyseand prepare Business Relationship Review Memos, which may be required from time to time
• Review any New Business Conflict, Sanctions exposure and any other escalations which may be required from time to time
• Assess all business that has been declined to determine whether further reporting obligations are required with any required reporting submitted to the MLRO
• Assume primary responsibility for maintenance of the declined business log, register of Politically Exposed Persons (including family members and close associates), Competent Authority requests, transaction alerts, and sanctions monitoring records with any required reporting submitted to the MLRO
• Review, assess, and provide senior management approval for all high-risk matters which are escalated by the team
• Provide senior management approval for relationships with exposure to politically exposedpersons
• Assume primary responsibility for the completion of regulatory returns for review and approval by the DHOC – Caribbean and/or HOC – Caribbean
• Review, assess and respond to email correspondence received from various stakeholders in a timely manner
• Utiliseinternal systems and tools proficiently and be able to provide training and guidance to others within the team
• Develop, maintain and update our compliance systems, controls, policies and procedures, including AML, sanctions and compliance related manuals, ensuring that documentation clearly demonstrates compliance for countering ML/TF/PF
• Ensure the compliance monitoringprogrammeis carried out andViClarityis maintained with current obligations and that all assigned requirements are completed as per the schedule outlined inViClarity
• Co-ordinate oversight of the KYC process with the Compliance Business Partners to ensure clients areonboardedin accordance with policies and procedures
• Conduct initial sanctions analysis and documentation in accordance with the Group Sanctions Policy
• Ensure sufficient escalation to relevant stakeholders where there may be non-compliant matters and see through to compliant status or off boarding, where may be required
• Identify process improvement efficiencies and leadchangemanagement projects to continuously improve compliance processes
• Design and deliver training materials at all levels for the compliance team and other internal stakeholders
• Lead in the implementation of our risk assessmentprogrammeto identify, assess and mitigate ML/TF/PF risks in relation to customer types, geographic areas, products and services, and delivery channels, incorporating findings from the Cayman Islands National Risk Assessment
• Ensure that CDD, EDD and SDD procedures are established, documented and applied in accordance with the AMLRs and the Rule, including verification of customer identity, beneficial ownership, and ongoing monitoring of business relationships
• Oversee sanctions screening and compliance, including screening against UN, UK, Cayman Islands regimes, Targeted Financial Sanctions, and proliferation financing risk mitigation measures
• Ensure that any outsourcing of the ComplianceProgrammeor its components is subject to appropriate risk assessment and due diligence, does not impair the ability to meet AML/CFT/CPF obligations, and that the relevant regulatory authorities are notified of any material outsourcing arrangements
• Ensure that all necessary transaction records, identification data, account files, business correspondence and CDD documentation are maintained for at least five (5) years after the end of a business relationship or completion of a one-off transaction, and are readily available to the relevant regulatory authorities upon request

Reporting and Documentation

• Review monthly KYC and Compliance reports;interpreting data,analysingresults and ensuring data accuracy andfacilitateany necessary projects to ensure compliance with current standards
• Deliver monthly reports to the DHOC on regulatory and industry compliance developments, summary of internal compliance matters, and summary of training positionson a monthly basisusing group reporting template
• Ensure that the documented risk-based approach, including implementation and monitoring procedures and updates, is maintained and available to the relevant authorities upon request

Audits and Inspections

• Provide support to the HOCsduring the regulatory inspection process
• Assist the Internal Audit team with any scheduled audits
• Assist the Quality Assurance Manager with addressing findings, if any, from quality assurance testing
• Conduct periodic gap analyses on regulations and regulatory measures to ensure policies and procedures align to regulatory requirements
• Ensure compliance with policies, procedures, systems and controls to enable the necessary reports to be provided to the regulator as specified, draft such reports for HOC review prior to submission and ensure reports are filed in a timely manner
• Assist the HOC, where requested, in reviewing the compliance manuals and matrices to ensure they continue to meet the requirements of the regulator and where different but not in conflict, the Maples Group compliance requirements
• Support the establishment and maintenance of an independent audit function to review and test the ComplianceProgramme, ensuring its adequacy, effectiveness and alignment with applicable legislative and regulatory obligations, and ensure the audit report is filed with the Authority by the prescribed deadline

Relationship Management

• Develop effective relationships with internal and external stakeholders
• Liaise with external auditors as may be required
• In collaboration with Compliance leadership, lead initiatives that build trust, employee engagement and workforce productivity
• Provide leadership support to the compliance team and support their achievement to meeting established KPIs
• Adviseon appropriateness of client relationships from a regulatory, risk and compliance lens

People Management

• Identify training topics and develop and arrange for training to the relevant compliance team on KYC, group procedures, clients/structures or services or on any other topic as relevant
• Lead in the performance lifecycle management for the team; identifying training needs and partnering with HR stakeholders and HOCs to deliver on the process
• Develop trusting relationships with direct reports,providingreal-time coaching and mentoring, and technical advice
• Provide coverage for team members as may be required
• Manage and develop the client onboarding compliance team members and Compliance Business Partners and provide sufficient guidance and support for their professional development and success
• Participate in annual budget planning / workforce forecasting process with business managers
• Complete other duties as may be reasonably requested from time to time by the CCO, HOC, or other representatives of the Maples Group

EXPERIENCE

What You Bring

In addition to indisputably high ethical standards and autonomy,the ideal candidate possesses the following as a minimum:

• 8 or more years of experience, working in legal services or professional services
• Issuitably qualified and experienced to sufficiently pass a fit and proper assessment as expected of a senior management role of a regulated entity to the expectations of our regulatory authorities
• Education toBachelor'sdegree level or equivalent in a management or business discipline
• Additional certifications such as CAMS or ICA are highly desirable
• An advanced understanding of KYC, AML, CFT, CPF regulatory obligations and sanctions-evasion risks, including knowledge of emerging issues, trends and typologies relevant to the FSP’s business sector
• A sound understanding of our business model, activities, products, services, functions, and structure
• Familiarity with the Cayman Islands AML/CFT/CPF Framework, including the Proceeds of Crime Act, AML Regulations, Terrorism Act, Proliferation Financing (Prohibition) Act, and associated regulatory instruments
• Advanced analytics skills, withstrong attention to detailandadvanced experience in Excel, Word and PowerPoint
• Advanced professional writing skills,in addition to strong presentation and facilitator experience
• Strongorganizational skills with proven experience working within time constraints and deadlines
• Strong team player, withprior peoplemanagement and leadership experience leading large teams. Cross jurisdictional team leadership experienceis desirable.
• Be an effective communicator and confident in client interactions
• Proactive andsolutionsdriven
• Ability to exercise independent and objective judgment on compliance matters, free from the influence of business and operational functions
• Experience in conducting or overseeing enterprise-wide ML/TF/PF risk assessments and implementing a risk-based approach to compliance

Due to the team being multi-jurisdictional, theSeniorCompliance Manager must be able to travel to the UK or other countries within the Maples Group as may be required from time to time.

BENEFITS & REWARDS

The most enduring professional relationships are reciprocal relationships. The Maples Groupprioritisesemployee health and wellbeing. Depending on your location, we offer a range of benefits, including:

• Comprehensive health coverage (medical, dental and optical)
• Competitive vacation packages
• Educational assistance and professional developmentprogrammes
• Savings or pension plan
• Life insurance
• Travel insurance
• Global mental wellnessprogramme
• Sports clubs and social events

ABOUT MAPLES GROUP

Over five decades, the Maples Group has grown from modest beginnings into one of the world's preeminent professional services firms, offeringspecialisedfiduciary, fund administration, regulatory and compliance, entity formation and management and legal services on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg.

You can learn more about the Maples Group onour corporate website. Experience our culture and our people on ourCareers Pageor onLinkedIn.

Please note that it is the Maples Group standard policy to undertake various background screening checks on all applicants to whom a conditional job offer is made. Except for roles based in the Republic of Ireland, the background checks will include criminal records checks when a conditional job offer is made. If you have a criminal record, it does not mean that your job offer will be automatically withdrawn. The Maples Group will make all job offer decisions on a case-by-case basis and will takea number offactors into account, such as the role that you are applying for and the nature and circumstances of the past offence. You will have the opportunity to discuss the matter with us before a decision is made. Further details will be provided at the time any conditional job offer is made.

Disclaimer:All personal information collected during the application process will be used for recruitment-related purposes only. Please refer to our Job Applicant Privacy Notice atmaples.com/privacyfor details on how we handle personal information relating to job applicants.