Deputy Head – Compliance Division

• Manage the day-to-day administration of enforcement actions of non-compliant cases referred to the Division;
• Manage the administration of requests for assistance of a non-routine nature from Overseas Regulatory Authorities;
• Oversees comprehensive investigations where entities or persons appear to be engaging in regulated activities without the required license or authorisation from the Authority;
• Manage the administration of processing onward disclosures from the Financial Reporting Authority;
• Manage the performance of due diligence and background checks on persons applying to act as directors, shareholders, managers, officers and controllers of regulated entities to determine fitness and propriety;
• Recommend to the Head of Division relevant amendments to legislation, rules, guidance, policies and procedures;
• Ensure the development and implementation of a learning and development programme based on the needs of the Division;
• Plan, directs delegate / maintain all projects and assignments of the Division;
• Respond to complex Divisional issues and conduct sound managerial analysis to determine the appropriate recommendations to be employed; and
• Research, collect, and present pertinent information to internal or external stakeholders to bring about the successful execution and completion of specific project goals and objectives.

REQUIREMENTS:

The following knowledge, skills and minimum qualifications are required to successfully perform the job are as follows:

• A Bachelor’s degree in a finance related field; and ten (10) years of experience, preferably within the financial industry, regulatory enforcement, compliance, legal, insolvency, or fraud & forensic fields, with five (5) years of management experience;
• Anti-Money Laundering and or Fraud Prevention & Detection Designation;
• A professional qualification / designation in Securities, Investment Management or Accounting would be an asset;
• Proven experience leading contentious regulatory enforcement investigations, ideally with a regulatory body;
• Advanced knowledge of domestic and international supervisory frameworks, specifically relevant Cayman Islands legislation and auditing and accounting principles as they relate to financial institutions;
• Advanced knowledge of the Monetary Authority Act, Proceeds of Crime Act, Anti-Money Laundering Regulations, Regulatory Acts and regulations and relevant Rules, Statements of Guidance and policies relating to the supervision of entities and individuals;
• Advanced knowledge of compliance research databases;
• Advanced analytical skills with specific experience analyzing the implications of financial statements; and
• Proficiency in Microsoft Office applications, especially MS Excel, Word and PowerPoint.

Direct applicants only. Applications received from agencies will not be accepted at this time.
Application form may be completed online by visiting cima.ky/careers
Salary: CI$111,939 – $139,590 per annum
Application Deadline: 25 April 2025
(Only shortlisted candidates will be notified)