Job Overview
- Responsible for monitoring updates to laws specific to the Cayman Islands, relevant regulatory changes and developments; report to manager and engage with stakeholders and impacted parties.
- Conduct gap analysis of changes to laws, regulatory changes and developments and report on the potential impact thereof to the Company’s licenses, business or services.
- Assist with statutory reporting requirements, within requisite timelines.
- Assist with developing and amending compliance policies and procedures, in response to changing regulation and annual reviews.
- Assist with preparation of materials for review/approval by the Compliance Committee and the Board of Directors of the regulated entities.
- Assist with the Compliance Monitoring Process, carrying out testing and quality control checks as required in relation to Regulatory matters.
- Respond to business requests and queries, providing guidance as necessary, under the supervision of Manager.
- Work within the global Regulatory Compliance Team to develop, implement, and monitor Compliance Monitoring Plans (CMP) for all regulated jurisdictions to ensure appropriate controls are developed, monitored in all regulated jurisdictions and updated to reflect changing regulatory and industry requirements.
- Assist with the preparation of management reporting and the periodic reporting to stakeholders including the Chief Compliance Officer (CCO) / Head of Compliance, the Compliance Committee, Board of Directors, Senior Management and the parent company.
- Work with team to ensure sound oversight of outsourcing provisions, assist in the review of Risk Assessments / SLA’s and Oversight Reports on outsourcing arrangements.
- Testing of Regulatory Compliance systems/ tools/platforms ensuring they are functioning as required and engage with vendors/stakeholders as required.
- Assist with gathering information in relation to any on-site inspections carried out by the Regulator.
- Any other ad-hoc projects and duties as required as assigned by Manager.
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