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When the financial services industry works well, it creates growth, prosperity, and peace of mind for hundreds of millions of people. No other industry touches so many lives or shapes so many futures. At EY Financial Services, we share a single focus — to build a better financial services industry, not just for now, but for the future.

Sustainability is at the heart of our EY brand. It is at the heart of our strategy, what we value and measure and what we do every day with our clients and within our own business. We are proud to be advocates of change to make businesses across the world more sustainable because we believe in long-term value. Delivering sustainable long-term value in Financial Services means new strategies, a new approach to managing risk, new products and services and new ways of engaging stakeholders.

Job purpose & key objectives:

We’re looking to recruit a Money Laundering Reporting Officer (MLRO). The compliance function has the responsibility to ensure that all EY Global, UK and local AML/CFT policies, procedures and controls are established and maintained in Jersey. EY is supervised by the Jersey Financial Services Commission (“JFSC”) as a Designated Non-Financial Businesses and Professions (DNFBP per Schedule 2, Part 3 of the proceeds of Crime (Jersey) Law 1999).

Job Title: MLRO

Responsible to: Partners

Duties & responsibilities:

• Work collaboratively with EY UK compliance team
• Maintain and update effective client acceptance AML procedures
• Identify key regulatory and operational risks and implementing mitigants.
• Maintain and update an appropriate compliance strategy
• Advise, assist, monitor and assess compliance with regulatory obligations
• Monitor and assess the effectiveness of systems and controls, in line with firms and regulatory requirements.
• Identify and implement remediation plans for and any identified weaknesses or deficiencies
• Promote and enhance a strong compliance culture
• File suspicious activity reports (“SARs”) on a timely basis
• Always ensure compliance with JFSC and other regulations, including but not limited to the submission of annual Financial Crime Risk Statistical Returns

Advice

• Provide support and guidance on AML matters
• Advise Partners and staff on new rules and regulation and other compliance matters
• Provide support and guidance to staff on JFSC and other AML regulatory matters

Monitoring

• Maintain a risk-based compliance monitoring programme, responsive to AML risks.
• Responsible for day-to-day monitoring and reporting of compliance and AML to the Partners.
• Ensuring compliance procedures, systems and controls are up-to-date and effective.
• Perform periodic evaluations of the effectiveness of AML and compliance monitoring programmes
• Ensuring the firms compliance manual is compliant with local regulations and procedures are appropriately documented.
• Maintain and amend procedures and controls as necessary in line with external regulations. Effectively communicate changes to all staff
• Identify potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future

Reporting

• Timely filing of SARs and other external reports with supervisory bodies and regulators
• Prepare and present quarterly compliance reports for the Partners on compliance and regulatory matters

Training

• Develop and implement AML training responsive to specific Jersey requirements which are in addition to firm wide training policies.

Person specification

• An ICA Qualification in Anti Money Laundering or in Risk Financial Crime Compliance or equivalent. There are currently no specific qualifications required under the Guernsey or Jersey legislation but are beneficial to the role.

• Must be fully conversant in the application and interpretation of the requirements of the JFSC AML Handbook.

Skills and attributes for success

As the MLRO, it is essential that you bring the competencies that will allow you to do so, it is essential that you bring the competencies that will allow you to do so.

• Intellectual curiosity
• Strong leadership skills
• Innovative and ability to keep up to speed in a high paced landscape
• Effective in maintaining client and industry relationships
• Strong problem-solving skills
• Strong communication skills, verbal, written but also active listening
• Motivated candidate looking to build the assurance business across financial services
• Commercial mindset

Key conditions of service

Location: Jersey office, but occasional travel maybe required

Hours: 35 hours

Contract: Permanent

Salary: Competitive salary package, including pension, medical cover for employee and family

Notice Period: 3 months

Who we are?

EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you achieve a lifestyle balance.