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Compliance Monitoring Assistant

  • Location: Jersey
  • Salary: £33,000 - £35,000 per year
  • Job Type:Permanent

Posted 12 months ago

  • Sector: Compliance
  • Contact: Pritesh Chudasama
  • Contact Email: pchudasama@merje.com
  • Contact Phone: 02036371607
  • Expiry Date: 20 April 2023
  • Job Ref: PCH/10007

A Compliance Monitoring Assistant is required for a leading offshore Law Firm based in Jersey, and will report to the Compliance Monitoring Manager.

 

Responsibilities / Requirements of the Compliance Monitoring Assistant include:

         Undertake compliance monitoring across the firm adhering to the timetable outlined in the Compliance Monitoring Programme

         Undertake compliance monitoring to ensure alignment with regulatory and law society requirements

         To carry out ad hoc monitoring when required

         Determine compliance with internal policy and procedures

         Ensure that compliance monitoring testing is completed in a timely manner

         Accurately record all findings in the Compliance Monitoring Action Log

         Escalate material findings and trends to the Compliance Monitoring Manager

         Understanding when a finding constitutes a regulatory breach and the subsequent logging of the breach on the Breaches Register

         Track remediation of the findings that have been identified

         Managing the closure of monitoring findings and recommendations

         Following compliance monitoring, make recommendations for actions required to remediate findings

         Communicate findings in a clear and concise manner ensuring an understanding of the requirements to remediate

         Identification of themes and areas for improvement

         To assist in the provision of compliance monitoring themed reviews and in the preparation of reports which will include recommendations for addressing identified areas of weakness

         Provision of guidance, advice and support to the wider business

         Maintain and enhance the working relationship between the wider Risk &

·         Compliance Team and the business areas through regular and effective communication

         Assist with the preparation of Management Information for escalation to the

·         appropriate forums

         Keep abreast of industry and regulatory change, recommending enhancements to the compliance monitoring programme

         Support the Compliance Monitoring Manager in delivering the compliance

·         monitoring programme

         Make constructive proposals to improve the effectiveness of the Compliance

·         Monitoring Programme review process

         Supporting the Compliance Monitoring Manager in developing and maintaining compliance monitoring programme

         Assist the Compliance Monitoring Manager with the preparation and delivery of the annual compliance monitoring plan

         Encourage a positive, compliance culture throughout the business

         Experience of Client Due Diligence on-boarding requirements preferably in a law firm environment

         Good knowledge of Microsoft applications, particularly excel

         Working towards or hold the ICA Certificate in Anti-Money Laundering or Compliance (or equivalent) is desirable but not essential

 Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.

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