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Compliance Officer - Compliance Solutions Services (8+ years' experience)
Cayman Islands

Harneys is a global offshore law firm. We provide advice on British Virgin Islands, Cayman Islands, Cyprus and Anguilla law to an international client base which includes the world’s top law firms, financial institutions and investment funds, as well as high net worth individuals. Our network is the largest among offshore law firms with 13 locations including market-facing offices in Hong Kong, London, Montevideo, São Paulo, Shanghai, Singapore and Vancouver. Our wide network allows us to provide reliable and timely service on even the most complex cross-border transactions and disputes.


Harneys is recruiting for a Compliance Officer to join our growing Compliance Outsourcing Solutions team to provide AML Compliance Officer and Money Laundering Reporting Officer services to external clients. The successful candidate will need to ensure consistent high levels of client service standards, and should be comfortable giving complex legal, compliance and regulatory advice.

The candidate will provide contractual, regulatory and legal guidance on client business procedures and processes and conduct client AML/CTF/PF and regulatory training affecting the clients’ compliance environment.

As such, a legal degree is preferred, as is an in-depth knowledge and understanding of the regulatory framework of the Cayman Islands.


• Provide Anti-Money Laundering Compliance Officer and Money Laundering Reporting Officer services to a portfolio of external clients
• Day to day management of client regulatory, compliance, financial crimes and sanctions risks
• Ensure all clients agreed deliverables are met
• Manage the client life cycle from new business take on through to business as usual
• Develop key policies, operating procedures and management information reporting procedures as they pertain to the service line
• Advise clients on AML/CFT compliance issues and report periodically to the Client Boards
• Ensure regular audits of clients AML/CFT programs
• Maintain logs with respect to external clients declined business, PEPs, and requests from competent authorities
• Assist with regulatory visits by the Cayman Islands Monetary Authority and internal/external audit
• Provide guidance on client business procedures / processes as and when required
• Conduct client AML/CFT / PF training
• Manage daily administration e.g. client set up, tries, billing and invoicing
• Deliver departmental projects to quality standards, deadlines and costs
• Analyse legal & regulatory changes affecting the client compliance environment and their impact on existing policies & procedures

Major Challenges:
• Ensuring AML/CFT knowledge is up to date in an ever increasing regulatory and compliance arena
• Ensuring policies, procedures and precedents are up to date to allow for the efficient administration of the AML Officer role


• A legal or compliance degree
• At least 8 years’ practical experience in a legal, regulatory or investment funds industry capacity
• Previous CIMA regulatory authority approval as an AML Officer an advantage
• Proficiency in Cayman Islands Anti Money Laundering and Countering the Financing of Terrorism and Proliferation Financing (AML/CFT) regulations
• Solid understanding of the legal and regulatory requirements of Cayman Islands corporate structures
• Self-motivated and can deliver under pressure to deadlines
• Strong attention to detail with the ability to deliver accurate documentation under tight timescales
• Use of initiative to improve processes and ability to review and implement strategy
• Effective written and oral communication skills
• Encourage team spirit and professionalism, assisting colleagues and the business as needed
• Highly proficient in Microsoft Word, Excel, Outlook
• Ability to review, understand and implement system and documentation changes as needed

Close date: 29 November 2019
Salary: up to $120,000 $160,000 USD
29 Nov 2019
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