Money Laundering Compliance Officer

Join us as the Jersey Money Laundering Compliance Officer, where you will act as the Registered Money Laundering Compliance Officer in line with the regulatory obligations of that role as specified in the relevant regulations. The role holder will also act as a Deputy Money Laundering Reporting Officer and will provide world class compliance and financial crime advice. The business activity covers banking, funds services, investment business and general insurance mediation. You will promote consistent compliance, at every level, with Barclays Group and divisional policies, standards and procedures. The role holder will maintain great relationships with business stakeholders, working closely with international financial crime colleagues across the UK as well as other jurisdictions in order to deliver coordinated financial crime support and drive efficiency across the team.

The Money Laundering Compliance Officer is a member of the Jersey Country Management Committee and the Crown Dependencies Financial Crime Oversight Meeting.  Responsibilities of membership are set out within the relevant committee terms of reference.

To be successful as a Money Laundering Compliance Officer you should have:

• Excellent understanding of the Jersey Financial Crime Regulatory requirements and a good understanding of global regulatory environments and financial services businesses

• Ability to apply knowledge practically and pragmatically with an understanding of the commercial environment

• Professional Qualifications or studying towards professional qualifications such as the Diplomas offered by the International Compliance Association

• Experience of completing regulatory communications in a timely and appropriate manner aligned to the Contact with Regulators Policy and Standard

Some other highly valued skills may include:

• Relevant experience in the Jersey Financial Services Industry, with wide ranging compliance/financial crime experience

• Knowledge of financial products covering, trust company business, investment business, banking business, funds service business and general insurance mediation. 

• Proven ability to operate within a complex business and openly escalate material matters

• Ability to manage constructive, open and mutually beneficial relationships with all stakeholders in the area of responsibility and regulatory interaction

This role is regulated by the Jersey Financial Services Commission.

You may be assessed on key critical skills relevant for success in the role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.

Purpose of the role

To provide data-led expert oversight and check and challenge on business and compliance matters to evidence that the organisation is operating in a compliance with Barclays legal, regulatory and ethical responsibilities. 

Accountabilities

• Identification and assessment of compliance risks through thorough reviews of business activities, changes, processes, testing and systems to.
• Identification and investigation of potential market abuse, including but not limited to, Insider Dealing, Unlawful Disclosure, Market Manipulation or Anti-Competitive Conduct.
• Conduct investigation of compliance risk events or breaches. Oversight and check and challenge of corrective actions and preventative measures to avoid future occurrences.
• Implementation of compliance policies and procedures in line with regulatory requirements and ensuring that the bank’s internal policies are aligned with international standards, including jurisdictional requirements.
• Collaboration with 1LOD, other relevant Compliance teams and legal, and relevant risk management functions to facilitate a comprehensive approach to compliance and risk management.
• Identification, investigation and oversight of potential money laundering, terrorist financing or other financial crime.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others..
• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.