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This is a standalone role based in Jersey with no staff management responsibilities. The Jersey office is a team of 4 and there is an expectation that the role holder will provide support to the Jersey team as required. The individual will work closely with the UK based Compliance function and the Head of Compliance for Ireland. The role reports into the Chief Compliance Officer, with responsibility for:

Establishing and managing the provision of advisory, monitoring and regulatory training services;
Advice to internal clients and meeting with external clients to explain about Pershing’s services;
Oversight of the regulatory reporting for Pershing (Channel Islands) Limited (PCI)
Fulfilling the role of the Money Laundering Reporting Officer and Money Laundering Compliance Officer for PCI, as well as the Data Protection Officer;
Acting as a Principal Person under The Financial Services (Jersey) Law 1998 and;
Attending relevant Board and/or Committees.
Required Technical Knowledge

Technical/functional and operational knowledge of custody clearing and settlement and trade execution product and services;
Strong understanding of the industry from a tax, regulatory and operational perspective;
Understanding of the fundamentals of workflow, operational and systems design;
Strong track record in leadership and management of a Jersey Financially Regulated business of a Private Wealth business; and
Strong, detailed knowledge and practical understanding of Jersey regulatory requirements as well as a working understanding of UK regulatory requirements. An understanding of the industry from a regulatory perspective and a general awareness of company legislation and UK regulatory requirements;
Detailed knowledge of the rules and regulations of the JFSC or equivalent regulation as well as up to date knowledge of market practices and Exchange rules;
Significant knowledge and understanding of legislation on money laundering, together with the Handbook for the Prevention and detection of Money Laundering and the Financing of Terrorism;
Previous experience in Wealth Management, Financial Advisory, Trust or Investment Banking Compliance with a knowledge of the Client Money and Asset rules;
Technical/functional knowledge as required for the role.
Regulatory

Maintaining detailed working knowledge of the JFSC rules and regulations and other relevant market practices and rules and co-ordination of all regulatory examinations of PCI;
To undertake the role the job holder will be registered with the JFSC as a principal person (including MLRO, CO and MLCO); and
To uphold the JFSC’s Code of Practice for Investment Business and the JFSC’s Orders as applicable to Pershing’s business and to actively encourage a culture of compliance throughout the firm.
Governance Responsibilities

Contribute to the effective governance within Pershing EMEA
Play an active role in local committees and local boards, offering constructive challenge and helping to support the Committee/Board fulfil its role and responsibilities for those they are a member. Where the job holder acts as a Chair of a Board/Committee, ensure the Board/Committee is effective in all aspects of its role, facilitate and encourage informed and constructive debate on key issues and ensure that members receive relevant management information in an accurate, timely and clear form.
Build a good understanding of the Pershing EMEA governance framework, including escalation requirements and follow through to completion of relevant issues raised to Committees, Boards, Councils, etc.
Generic Staff Responsibilities

Comply with all BNY Mellon and Pershing corporate policies and procedures, including HR policies and Code of Conduct and all procedures, applicable to Pershing EMEA.
Alert management immediately of any significant changes to business risks and internal control effectiveness and follow through to resolution.
Notify management and/or the Chief Compliance Officer immediately on discovery of any material regulatory breach and associated remediation plan.
Comply with all Security and Health & Safety policies and procedures operating within the business.
Shared Values and Core Competencies (required for all roles)


Reference : Principal, Compliance & Control jobs

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Published at 16-07-2022
Viewed: 205 times