The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers.

Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide.Your career with us should reflect your energy and passion.

That’s why, at Apex Group, we will do more than simply ‘empower’ you. We will work to supercharge your unique skills and experience.

Take the lead and we’ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities.

For our business, for clients, and for you

The role

The Apex Group (“Apex”) operates the Three Lines of Defence model with Compliance being the Second Line of Defence. Reporting in to the Money Laundering Compliance Officer, this important role is to assist the Money Laundering Compliance Officer and Head of Compliance (Country Lead Compliance Officer) in providing an assurance to the Board that the activities of the Apex business in Jersey are undertaken in accordance with regulatory and statutory requirements as well as being in line with Apex’s policies and procedures.

Key responsibilities

Administrative Responsibilities

The Compliance Monitoring and Testing team is responsible for the timely and effective execution of the Compliance Monitoring Plan for the Jersey business. A key part of the role is the management of the Compliance Monitoring and Testing function which is responsible for the timely and effective execution of the Compliance Monitoring Plan for the Jersey business. Key responsibilities can be summarised as follows:

• Effectively planning and managing the CMP team in the task of executing compliance monitoring reviews, including the review/approval of the testing conducted by the team;
• Developing testing programs, schedules, execute testing, and ensure documentation of work, queries and results are recorded consistently;
• Act as the contact point between the CMP team and wider business to arrange training / awareness sessions and to document for future reference;
• Perform allocated testing as required
• Attend Board meetings in the absence of MLCO to provide CMP update
• Evaluate root cause factors for testing exceptions and recommend practical solutions to strengthen processes and controls;
• Record and monitor identified recommendations in the internal issue tracking tool;
• Interacting with senior heads of business and compliance as part of scoping, control design assessment, reporting findings and offering solutions to address control gaps or enhance processes;
• Prepare and present Management Information/reports to the relevant Boards and Committees;

Other Responsibilities

• Keep abreast of changing regulatory environment, assess, and recommend amendments to, internal systems and controls as well as policies and procedures to facilitate compliance with the regulatory framework;
• Maintain appropriate independence from customer-facing, business development and system and control development roles;
• Ensure that your required level of CPD is undertaken each year; and
• Assist with other duties to support the Money Laundering Compliance Officer and Jersey CLCO as may be necessary from time to time including ad-hoc projects undertaken by the Compliance team in response to regulatory changes, changes within the group or internal findings from monitoring and testing.

Experience

• You will be able to demonstrate a good working knowledge of Jersey’s regulatory environment in relation to Funds Service Business and Trust Company Business as well as a good understanding of Jersey’s AML/CFT framework.
• You will be flexible, self-motivated, capable of prioritising workloads as required and have experience in scheduling and executing compliance reviews with a strong focus on managing and agreeing their outcomes.
• You will be able to work with stakeholders at all levels to ensure appropriate actions are taken on the back of findings therefore good communication skill are essential.
• You will have excellent report writing skills with the ability to communicate results in a clear and succinct manner that successfully draws out relevant issues.
• People management is a major part of the role so previous experience running a team would be desirable.
• It is preferable that you have an understanding of Jersey’s financial regulations and AML/CFT Framework and have at least 10 years’ experience with performing Compliance / AML/CFT roles within a regulated financial services business.
• Will either hold or be willing to work towards a relevant compliance qualification (as determined by Apex).

Skills

Followings skills would be desirable for this role:

• Knowledge of the Financial Services (Jersey) Law 1998, any orders issued under the Law;
• Knowledge of the Code of Practice for Trust Company Business;
• Knowledge of the Code of Practice for Fund Services Business;
• Knowledge of the Jersey Anti-Money Laundering legislation and any orders issued under those laws;
• Knowledge of the Handbook for the Prevention and Detection of Money Laundering and the Financing of Terrorism;
• Awareness of personal obligations and those of the relevant persons under the laws mentioned above as well as the Terrorism Law, the Directions Law, Terrorist Sanctions Measures;
• Excellent communication skills;
• Be well organised;
• Have the flexibility and adaptability to undertake a variety of tasks at short notice if required;
• Self-motivated and capable of prioritising workloads as required;
• Be proactive in your approach; and.
• Have a good working knowledge of Microsoft products, in particular Outlook, Word and Excel as well as having the capability to quickly assimilate working with Apex’s key databases some of which are bespoke.

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.