Assistant Director – Financial Crime Division

Posted:
Closing Date:

The Commission is recruiting for an Assistant Director to join the Financial Crime Division.

The Financial Crime Division is responsible for the financial crime supervision of all firms and individuals licensed or registered by the Commission that are subject to the Bailiwick’s financial crime regime.   This includes the financial crime supervision of a diverse variety of businesses, including banks, trust and company service providers, investment firms, insurers, insurance managers and insurance intermediaries, virtual asset service providers, as well as estate agents, law firms and those providing accountancy services.  Using a risk based approach in its supervision, the Division focuses more of their time on those firms that present a higher residual risk of money laundering, terrorist financing and proliferation financing to the Bailiwick.  Team members engage proactively with firms which pose the greatest financial crime risk by carrying out an on-site financial crime risk assessment to assess that firm’s financial crime risks and how well these are handled. In addition to on-site supervision, the Division’s off-site supervision focusses on policy, thematic reviews and data analytics.  All firms subject to financial crime supervision submit data to the Commission on a regular basis, this is then analysed by FCD off-site team members to identify those areas which may present the greatest areas of risk. This data also helps to determine the frequency of financial crime onsite inspections to firms.

The successful candidate will have been working in a financial services or similar environment, have knowledge of and experience in using the Handbook on Countering Financial Crime (AML/CFT/CPF), be able to produce good quality reports, and have experience in or the potential to move into a line management position.

Highlights of the role include:

  • Assisting the Director and Deputy Directors in respect of the operation of the Division on an ongoing basis, assessing procedures and systems utilised within the Division. Overseeing the activities of the functional team for which they are responsible, including the allocation of work to the relevant team’s staff.
  • Demonstrating flexibility in managing changing priorities on a daily basis, reviewing and assessing the work of divisional staff, monitoring workloads of the Division and ensuring a high quality and quantity of work is produced by the Division.
  • Planning and co-ordinating, along with the other on-site supervision Assistant Director, and with regards to divisional resourcing in conjunction with the two offsite supervision Assistant Directors, the Division’s financial crime risk driven on-site inspections in line with the Balance Scorecard target and through liaison with the Investment, Fiduciary and Pension Division and the Banking and Insurance Division.
  • Leading or taking part in ad-hoc on-site inspections when required.
  • Reviewing scopes for inspection and post-inspection reports and proposed risk mitigation programmes to ensure actions are proportionate and outcomes focussed.
  • Identifying themes from inspections and headlining them to the industry where required.
  • Being involved in the consideration of problem cases within the Division’s remit which may require some form of regulatory action, including formal enforcement measures, and referral and cooperation with the Enforcement Division.

Click here for the job description.

How To Apply

To apply for a position please contact the Human Resources team by letter or e-mail, specifying the role you are applying for, with an accompanying CV marked “Strictly Private and Confidential”. Human Resources Department, Guernsey Financial Services Commission, PO Box 128, Glategny Court, Glategny Esplanade, St Peter Port, Guernsey GY1 3HQ

Requesting reasonable adjustments

The recruitment process at the Commission includes various stages and activities, for example, written submissions and interviews. These are designed to assess whether you meet the requirements of the job or job level. We are committed to supporting candidates who may need an adjustment at any stage of the recruitment process.

To request a reasonable adjustment as part of the recruitment process, please email [email protected] and provide the following:

  • Details of the position you are applying for,
  • The reason you need an adjustment,
  • Possible adjustments which could help, and
  • Examples of any adjustments you have had previously (if any).

A member of the HR team will contact you to discuss your request and confirm the type of adjustment(s) available.

We can also discuss ongoing adjustments in the workplace if you are successful in your application and before you start work.