Director - Compliance Services.

Waystone leads the way in specialist services for the asset management industry. Partnering with institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide.

With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now serving assets under management in excess of $2Tn. Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.

About the Role

The Director - Compliance Services is a senior leader within Cayman Compliance Services and has strategic responsibility for a diverse portfolio of Cayman Islands investment funds, Securities Investment Business Act entities and other regulated clients. The Director serves in approved Anti-Money Laundering Compliance Officer (AMLCO), Money Laundering Reporting Officer (MLRO) and/or Deputy Money Laundering Reporting Officer (DMLRO) appointments and provides senior leadership over Anti-Money Laundering and Countering the Financing of Terrorism and Proliferation Financing (AML/CFT/CPF), financial sanctions governance, risk assessment, independent audit, regulatory engagement, Board reporting, remediation, service quality, team development and business growth.

The role provides strategic oversight of client AML/CFT/CPF and financial sanctions programmes, including the development and maintenance of appropriate systems, controls, methodologies, policies and governance arrangements in accordance with applicable Cayman Islands requirements. The Director will lead regulatory and stakeholder engagement, including with the Cayman Islands Monetary Authority (CIMA), Governing Bodies, investment managers, administrators, delegates and other senior stakeholders, and will oversee responses to CIMA inspections, thematic and desk-based reviews, regulatory examinations and information requests. The role will also oversee independent AML/CFT/CPF and sanctions audit programmes and present governance packages, risk assessments, audit plans, reports and remediation updates to Governing Bodies.

Requirements & Experience

- A university degree in law, business, finance, accounting, governance, compliance, risk management or a related discipline is required;

- A recognised professional qualification in AML, compliance, audit, governance, risk management, accounting, law or financial services is required;

- Certified Anti-Money Laundering Specialist (CAMS) is strongly preferred, and International Compliance Association (ICA), Certified Internal Auditor (CIA), Association of Chartered Certified Accountants (ACCA), Certified Public Accountant (CPA), Chartered Accountant, legal or equivalent professional designations will be considered favourably;

- A minimum of eight to twelve years of relevant experience in compliance, governance, audit, risk management, financial services, fund administration, consulting or another regulated environment is required;

- Significant experience serving in senior AML Officer appointments, including AMLCO, MLRO and/or DMLRO roles, is required;

o Extensive experience leading AML/CFT/CPF and financial sanctions governance programmes and risk assessments for regulated entities is required;

o Demonstrated experience engaging directly with Governing Bodies, regulators, investment managers, administrators, delegates and other senior stakeholders is required;

- Advanced proficiency in Microsoft Excel, Word, PowerPoint and information-management systems is required.