Head of Compliance: New firm – Digital Assets business; VASP/IB licence

Head of Compliance: New firm – Digital Assets business; VASP/IB licence

• Are you interested in the development of Digital Assets on an institutional basis and believe in the opportunity of a developing asset class?
• Want to work alongside the business and in conjunction with the JFSC to create regulatory policies which make sense for clients, the business and the regulator from day one?
• Ready to take your Investment Business, TCB or FSB background and apply it in an exciting growth area?
• Get in touch!

The Company:

OFC Partners are delighted to be representing a high growth international Digital Assets business in possession of the newly created VASP licence who have recently established their presence on island? This well capitalised firm continues to win significant new client mandates and are growing their team on internationally which includes this senior compliance role in Jersey…

The Role:

Your primary role will be to work with the group to implement the Financial Crime Compliance (CFCC) Risk Type Framework, Policies and Standards in the business’ Jersey entity. The role holder will also operate as the MLRO and meet all local reporting obligations. This role includes oversight of compliance activities, including trade, market, and communications surveillance. Risk Management experience would also be very advantageous.

Your role will include but not be limited to:

• Provide CFCC coverage and advice to the business.
• Identify material regulatory and reputational risks in the business.
• Anticipate and assess key regulatory and product risks in the business for management’s consideration.
• Drive the development and implementation of appropriate risk mitigation measures.
• Review and provide CFCC advice on processes designed by the business to ensure compliance with regulatory requirements and the company’s policies.
• Assess regulatory risks associated with new and existing products and markets.
• Approve new assets, new products, and new business initiatives (as relevant).
• Review and approve new transactions (as relevant).
• Assist Group with the implementation and management of the product compliance framework, including by preparing and distributing management information.
• Research changes in Jersey regulations and assess any impact on and actions by the business, together with the relevant subject matter experts.
• Act as the primary liaison for relevant regulatory authorities.
• Build, manage and maintain effective relationships with regulators.

You will also be required to:

• Serve as a member of Jersey Risk Committee.
• Manage the CFCC framework within the Jersey organisation.
• Liaise with group, regulators, internal and external auditors and the bank regarding risk and CFCC matters.
• Ensure adherence to the CFCC framework with the appropriate control framework to ensure tracking of risks, breaches, and remediation.
• Oversight and control of compliance monitoring and surveillance programmes.
• Adapt and update applicable compliance policies and procedures, and ensure they are aligned with Jersey regulations.
• Coordinate and drive the entity’s AML and CFT risk management and control process.
• Keep abreast of regulatory developments and advise management on their impact on the business.

From a risk management perspective:

• Implement and improve CFCC policies and procedures.
• Assist with the development and enforcement of product standards and controls.
• Participate in strategic initiatives of the Company.
• Work collaboratively with the business and relevant risk functions.
• Prepare papers and reports for the relevant governance bodies.
• Ensure the timely escalation of incidents and control breaches to relevant stakeholders.
• Provide risk oversight from second line-of-defence of the risk register, impact assessment and controls
• Maintain appropriate risk-based compliance frameworks for identifying, assessing, managing, monitoring, mitigating, and reporting CFCC and wider risks across the Jersey business.
• Develop, and recommend for approval by the relevant Risk Committee, appropriate compliance policies and procedures.
• Ensure appropriate product and market governance measures are in place so that product approval documents reflect all relevant regulatory requirements

You:

This is an exceptional opportunity for an experienced Risk / Risk & Compliance professional to join an expanding team in a frontier asset class. You will ideally have held key-person roles and have a detailed knowledge of compliance within a regulated financial services environment (TCB / IB / FSB). You will have strong stakeholder management skills as well as a high level of integrity. Get in touch to hear more!

In return:

You will have a career defining opportunity to work alongside industry leaders within this high paced industry, receive an excellent remuneration package and strive towards the development of an amazing business!