Company Secretary

We are seeking a skilled and dedicated Compliance Manager and Money Laundering Reporting Officer (MLRO) to join our team at a well-established trust company based in Guernsey. The ideal candidate will have extensive experience in compliance, financial services, and anti-money laundering (AML) regulations, particularly within the context of trust and fiduciary services. As Compliance Manager and MLRO, you will be responsible for overseeing the company’s compliance framework, ensuring adherence to all applicable laws and regulations, and mitigating risks related to money laundering and financial crime (in conjunction with the external Compliance Officer and MLCO).

Compliance Management:

• Develop, implement, and maintain the company’s compliance policies and procedures to ensure adherence to relevant local and international regulations, in accordance with the Guernsey Financial Services Commission (GFSC) and other regulatory bodies.

• Act as a subject matter expert on all compliance matters within the company and provide guidance and advice to senior management and staff.

• Monitor and report on the company’s compliance with legal and regulatory requirements, ensuring timely and accurate reporting to relevant authorities.

• Conduct regular risk assessments and audits to ensure compliance with internal controls and identify areas for improvement.

• Oversee the development and delivery of compliance training programs for staff members, ensuring all employees are up to date on current regulations and best practices.

• Responsible for the compliance sign-off of all new business and clients.

• Responsible for monitoring complaints.

• Control and oversee completion of the various registers that the company is required to keep.

Money Laundering Reporting Officer (MLRO) Responsibilities:

• Act as the company’s MLRO and ensure effective implementation of anti-money laundering (AML) controls.

• Review and assess potential suspicious transactions, conduct investigations, and report suspicious activities to the appropriate authorities, including the Guernsey Financial Intelligence Service (GFIS).

• Ensure the company’s AML policies and procedures are up to date with current legal requirements and industry best practices.

• Oversee the customer due diligence (CDD) process and ensure the timely and accurate completion of client risk assessments.

• Lead the investigation and reporting process of any potential breaches of AML regulations and work with external authorities as necessary.

Liaison and Reporting:

• Act as the primary point of contact with regulatory authorities, including the GFSC, for all compliance and MLRO-related matters.

• Act as the primary point of contact for the external MLCO and Compliance Officer with regard to compliance issues and matters arising from the CMP testing programme.

• Prepare and submit regulatory reports, including annual compliance reviews, regulatory filings, and other required documentation.

• Prepare Board Reports, as appropriate in conjunction with the external MLCO and Compliance Officer.

• Ensure effective communication and coordination with external auditors, legal advisors, and other stakeholders.

Leadership and Team Management:

• Lead and manage the Compliance and Operations Administrator, providing training, guidance, and support as needed.

• Foster a culture of compliance within the organisation and ensure all staff understand and adhere to compliance and AML policies.

• A minimum of 5 years’ experience in a compliance or regulatory role, preferably within the trust, fiduciary, or financial services industry.

• Strong knowledge of Guernsey regulatory framework and anti-money laundering regulations including the GFSC Handbook on Countering Financial Crime.

• ICA (International Compliance Association) or equivalent qualification in Compliance or AML is highly desirable.

• Experience acting as an MLRO within a financial services environment.

• Exceptional communication and interpersonal skills with the ability to advise and influence stakeholders at all levels of the organisation.

• Proven ability to manage multiple projects, prioritising tasks in a dynamic and fast-paced environment.

• High attention to detail, analytical skills, and the ability to identify and mitigate potential compliance risks.

At Bourse we pride ourselves on the calibre of our staff and collaborative teamwork. We provide a great benefits package which includes pension contributions, private healthcare cover and discretionary bonus. 

We are committed to helping our staff reach their full potential by supporting them with training and development opportunities, and we therefore encourage our staff to study for a relevant professional qualification for which we normally cover costs and provide study leave. 

Bourse takes an inclusive approach to hiring and is a positive place to work, welcoming those who want to make a beneficial impact within our organisation, for our clients and in our communities.

To apply for this position, please send your CV and covering email to karen.mitchener@bourse.gg